2018 Australian Kangaroo Bullion Coins Now in Platinum

by CoinNews.net on November 8, 2017 · 0 comments

A platinum coin has joined The Perth Mint’s flagship annual bullion series, the Australian Kangaroo.

2018 $100 Australian Kangaroo 1oz Platinum Bullion Coin

2018 $100 Australian Kangaroo 1oz Platinum Bullion Coin

The kangaroo-themed program was introduced in gold back in 1989. A silver edition joined the series for the first time in 2016. Investors and collectors can now buy 2018-dated $100 Australian Kangaroo Platinum Bullion Coins.

"Offered solely as a 1oz release, it replaces the Australian Platypus as a convenient and cost-effective way to own pure platinum in the form of official legal tender," the Perth Mint said.

Struck in 1oz of 99.95% pure platinum, the coin’s reverse depicts the classic artistry of a bounding red kangaroo surrounded by rays of sunlight. Encircling inscription include AUSTRALIAN KANGAROO, The Perth Mint’s ‘P’ mintmark, the year 2018 and 1oz 9995 PLATINUM.

2018 $100 Australian Kangaroo 1oz Platinum Bullion Coin - Reverse

A larger look at the platinum coin’s reverse

Obverses offer the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II with surrounding inscriptions of ELIZABETH II, AUSTRALIA and 100 DOLLARS.

Perth Mint-provided specifications include:

  • Face value: 100 dollars
  • Mintage: Unlimited
  • Precious Metal Content (troy oz): 1
  • Fineness: 99.95% purity
  • Weight (g): 31.119
  • Diameter (mm): 32.60
  • Thickness (mm): 2.45
  • Edge: serrated

Bullion coin and precious metals dealers from around the world are now selling the Kangaroo platinum coin for $80-$85 over spot with discounts offered at larger quantities.

For 2018, the bounding red kangaroo design is also featured on the 1 kilo gold and the 1oz silver editions. Smaller 2018 Kangaroo Gold Bullion Coins (1oz, 1/2oz, 1/4oz and 1/10oz sizes) feature an exclusive 2018 design.

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