2013 Australian Koala 5 Oz Silver Proof Coin in High Relief

by CoinNews.net on March 1, 2013 · 11 comments

The Perth Mint of Australia treads into new territory with the release of its 2013 Australian Koala 5 oz. High Relief Silver Proof Coin.

2013 Australian Koala 5 oz. High Relief Silver Proof Coin

2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Never before has the Perth Mint released a five ounce koala coin in high relief. Its unique size, limited mintage of 5,000 and collector’s perennial interest in the koala series combine for an attractive offering that could result in a sellout.

Both the obverse and reverse of the silver proof coin are minted on concave surfaces. This ensures an optimum flow of metal when struck by the die, resulting in a superb level of detail in each design.

Shown on the high relief reverse is the Perth Mint’s annual design for 2013 Koala silver coins. It was completed by Perth Mint artist Tom Vaughan and showcases an adult koala resting in the fork of a eucalyptus tree. Reverse inscriptions include AUSTRALIAN KOALA and 2013 5 OZ 999 SILVER. The Perth Mint’s ‘P’ mint mark is also on the reverse.

Case for the 2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Case for the 2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Offered on the obverse is a portrait of Queen Elizabeth II by Ian Rank-Broadley. Obverse inscriptions include ELIZABETH II, AUSTRALIA and 8 DOLLARS. The artist’s initials of IRB are below the effigy.

Each proof coin is struck from five ounces of 99.9% pure silver. Maximum thickness of the high relief piece is 12.50 mm with a maximum diameter of 50.60 mm. The minimum gross weight of the release is 155.673 grams.

2013 Australian Koala Silver Proof Coins are housed in a presentation case that ships inside an illustrated shipper. A numbered certificate of authenticity is also included.

Direct orders are limited to Australia. Pricing for the 5 oz. silver proof coin is AUS $510.00, though that can change based on the market value of precious metals.

Ad Banner to Australian Koala 5 Oz Silver Proof Coin
The Perth Mint Australia

About the Perth Mint

The Royal Mint of England originally opened the Perth Mint of Australia (http://www.perthmint.com.au/) in 1899 as a branch of the London facility. It continued in operation as a branch of the Royal Mint until ownership transferred to the State Government of Western Australia in 1970.

Today, the Perth Mint is the official issuer of the Australian Federal Government’s Gold and Silver Bullion Coin Program. In addition, it produces some of the world’s most unusual collectible coins.

{ 11 comments… read them below or add one }

Victor March 1, 2013 at 1:44 pm

Yeah! In a pig’s eye!

Terry Power March 2, 2013 at 8:05 am

$500? Seriously? And not available in the US anyways? Come on…..

Victor March 2, 2013 at 3:18 pm

I do believe the Aussies believe, after selling some dumb 1oz silver coin depicting some Chinese superstition for more than $125.00, they figure they can sell this for $500.00. Like I said, when pigs fly, I’ll think about buying on.

thePhelps March 3, 2013 at 5:54 pm

Seems like the mints and the price of silver are going in opposite directions. The price of silver going down – the price of bullion going up. $60+ over bullion cost is not a collectible for me.

Lorayne March 19, 2013 at 3:05 pm

FirstFederalCoin says that 300 are staying in Australia and that they have the other 4700 graded with approx. 45% of the 4700 grading PF70. Asked for confirmation from Perth….PF69 for $799? and PF70 for $1129?

Lorayne March 19, 2013 at 3:17 pm

correction PF70 – $1150

Paul April 11, 2013 at 2:36 pm

Lorayne What you said is interesting as the New York mint says that they have the other 4700 I wonder who is telling the truth or is it that they are all in this together to over price a 5 oz coin the price at New York mint is the same as you said first fed coin was selling them for makes ya wonder doesn’t it

Douglas April 26, 2013 at 12:23 am

Paul, First Federal Coin and New York Mint are the same company. They have a huge catalog of high-end US and world coins they market via glossy printed catalog, Internet, and phone. I purchased a coin from them and was assigned an “account representative” who calls me every few weeks to offer me coins for which they have often gotten exclusive US distribution rights. I’ve found, though, that for coins for which their distribution rights are not exclusive, I can often find them on eBay for a 10%-20% lower price than they charge.
In terms of price, it’s important to remember that a variety of things contribute to the original pricing from the mint and additional things to the pricing by the retailer. This starts with the value of the metal, the weight of the coin, the quality of the minting – especially when it’s assessed and certified by one of the recognized grading services – the number of coins minted (rarer being more desirable and, therefore, more expensive), and even the “cool factor” of having coins of a certain kind, particularly if they are in a series, and you own the earlier ones in the series that end up being harder to get as the series grows.

Marie July 13, 2013 at 3:23 pm

Reading your discussion, I am wondering was I over charged…? I purchased the 2013P Australia $8 Koala – High Release PF 70 Ultra Cameo One of the First 1000 struck. Although, it was graded by the NGC, placed in an expensive looking case, I am now wondering have I been taken.
My cost is as follows:
Product Cost: $1,250.00
Shipping and Insurance: $29.95
Total Shipment: $1,279.95
I will apprciate any comments or suggestion you have in while the difference in cost…I do have a Representative who supposed to let me know the latest and best rear coins buy.
Thank You!
Marie

Douglas July 13, 2013 at 11:44 pm

Marie,
You don’t say what company sold you the Koala, but I assume it is NY Mint/First Federal Coin. Their mailings come from Burnsville, MN. Since they have exclusive rights to all of that type of coin to be sold in the US, they’re obviously looking to capitalize on that fact in terms of the price they ask. However, if one compares the markup on this coin with coins of lesser value, it can be seen to be comparable for graded coins. You don’t say when you purchased the coin, but let’s say you bought it on June 1, 2013, when $510 Australian equaled approximately $490 American. Therefore, the markup from your coin worth $490 was $660, or about 135%. Several things contributed to the initial price over the value of the silver: Perth Mint is one of the most prestigious mints in the world; 5 oz of almost pure silver is more difficult to mint perfectly than is 1 oz or less; there were only 5,000 coins minted, making them relatively scarce, even fewer were available outside of Australia; and they were minted in high relief, meaning that the design is especially detailed and prominent – and more challenging to mint to perfection. Then, when First Fed got them, they had all of them graded by one of the most prestigious grading services in the world; the grading was either perfect (PF70) or nearly perfect (PF69); they were judged to be Ultra Cameo, a further point of appeal; and you got one that was among the first 1,000 minted (as certified by NGC), which is when the dies used to strike the metal planchet are able to make the most nearly perfect impression, since theoretically, each strike wears the design away slightly on the original die. Looking for a coin that is comparable in several ways to this, I find the US 1 oz 2013 Girl Scouts of the USA Centennial Proof Silver Dollar (which contains only a little more than 3/4 oz of silver), of which the US Mint has minted 350,000 (70 times as many as the Koala!), being sold by the Mint for $59.95, while an NGC-graded PF70 Ultra Cameo Early Release is being sold by dealer PNG for $149 on eBay – almost a 150% markup, and PNG doesn’t even have exclusive rights to the sale of that coin in the US, because an individual could purchase it from the Mint directly and have NGC grade it (at a cost of about $30), though there could be no guarantee that it would grade PF70 or Ultra Cameo, and it could not get the designation of Early Release; so the privately graded coin would not command the same price as the one with the greater number of certified features, even if it ended up with a PF70 grade. All that said, though, it’s clear that there is a very small number of human beings that would actually think of putting that much money into a 5 oz hunk of silver, how ever beautifully designed and highly rated it might be, But, among that handful of people could well be several who would come into the market for just the coin you have at just the time you want to sell it; and they would give you many more times the price you paid for it initially, even taking inflation into account. However, high value graded precious coins tend to be a buy-and-hold type of investment that provides a foundation for one’s wealth rather than being something for which one seeks a quick turnaround to gain a significant profit, since the pool of potential buyers is quite limited, and to sell such a coin, one might need to have it on the market for months, if not years, before one is able to get one’s preferred selling price. Also, selling such coins is rarely done privately – such as on eBay – since buyers can’t be sure they’re getting an authentic coin from a private seller in the same way as they might be assured when purchasing it from a reputable company. Thus, one often needs an agent, who would take a commission that would be added after the sale price was set. All in all, unless you want to hold such coins as part of your estate or display them or get more seriously into dealing in the purchase and sale of such coins, you’re probably better off buying smaller, less exclusive and more sellable coins from a reputable dealer such as Modern Coin Mart, Gainesville Coins, SilverTowne, PNG, or some other agent rather than NY Mint/First Fed. And if you can get a Certificate of Authenticity along with the coin, that’s so much the better when it comes to trying to sell it.

Marie July 20, 2013 at 9:58 am

Douglas,

First, thank you very much for an educational response. I do value, and will get back to purchasing smaller coins from some of the reputable site you noted. Although, I will be putting away the 5 oz Koala coin for the future for my grandchild… I not materially wealthy, but have wealth in spirit. I don’t have the money to purchase high dollar coins, but his one was for my grandchild. I am amongst the government workers that are furlough until September… Not complaining, but it does require an adjustment in my spending habits. I am blessed, no matter what is happening in the world.

Again, thank you very much for taking the time to provide a detailed response.

May God Bless You!
P.S. You got the mint name correct!

Leave a Comment