2017 Australian 1oz Silver Swan Coins Realizing Strong Prices (Photos)

by Mike Unser on May 17, 2017 · 1 comment

The Perth Mint struck a hit with their 2017 Australian Silver Swan 1oz Bullion Coin. The 99.99% fine silver product launched in early April and promptly sold out. It’s now realizing secondary market prices ranging from nearly 3x to about 9x melt value.

2017 Australian Silver Swan 1oz Bullion Coin - Obverse and Reverse

A CoinNews photo of a 2017-P Australian Silver Swan 1oz Bullion Coin – Obverse and Reverse

Padding the bullion coin’s appeal is its limited 25,000 mintage, its attractive design, and its role as the first release in an expected series to feature annually changing swan designs.

"Such was the strength of demand that a number of would-be buyers were left disappointed by its rapid take up, The Perth Mint said. "On a positive note for those that missed out, prospects for a 2018 release are currently being firmed up."

With a reverse proof-like appearance, their quality is remarkable when compared against many other world coins.

To date, PCGS has certified 695 of them at the top MS70 grade. These realize the highest prices with examples scoring around $150 apiece. MS69’s are moving for roughly $100. Ungraded coins are selling from about $42 to $52.

2017-P Australian Silver Swan 1oz Bullion Coin, PCGS MS70

A certified 2017-P Australian Silver Swan 1oz Bullion Coin (PCGS MS70)

The coin’s reverse (tails side) shows the graceful bird in its wetland habitat. In classic profile — similar to the Perth Mint’s logo, the portrayal displays the swans long neck with broad wings tucked together on its back. Inscriptions include THE 1OZ 9999 SILVER AUSTRALIAN SILVER SWAN and The Perth Mint’s ‘P" mintmark.

2017 Australian Silver Swan 1oz Bullion Coin - Reverse

A closer look at the coin’s reverse or tails side

As Australian legal tender, obverses offer the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II with surrounding inscriptions of ELIZABETH II, AUSTRALIA, 2017, and 1 DOLLAR.

2017 Australian Silver Swan 1oz Bullion Coin - Obverse

A closer look at the coin’s obverse or heads side

Each coin weighs 31.107 grams, has a diameter of 40.600 millimeters, a thickness of 4.000 millimeters, and a reeded edge.

{ 1 comment… read it below or add one }

Eddy R May 17, 2017 at 12:32 pm

Mike. I would like to know the pop.report for ms.70 silver swan from. NGC. Thanks.

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