Sales of 2017 Australian Kookaburra Silver Bullion Coins officially started Monday, Oct. 10, 2016. The newest editions feature two laughing kookaburras perched on a wooden fence.
Struck to a brilliant uncirculated finish in 99.9% pure silver, the coins belong to the Perth Mint’s oldest bullion series which was introduced in 1990. The series features annually changing kookaburra designs, attracting both investors and collectors.
The new coins are available in three sizes — 1 kilo, 10oz and 1oz. Only 500,000 1oz coins will be released. No mintage limit applies to the 1 kilo and 10oz coins.
Reverse inscriptions include AUSTRALIA KOOKABURRA, 2017, the coin’s weight, 999 SILVER, and the Perth Mint’s ‘P’ mintmark.
Obverses bear the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and carry inscriptions of ELIZABETH II, AUSTRALIA, and either 1 DOLLAR, 10 DOLLARS, or 30 DOLLARS.
Perth Mint-provided specifications include:
| 1 Kilo | 10oz | 1oz | |
|---|---|---|---|
| Silver Content (Troy oz) | 32.151 | 10 | 1 |
| Denomination | 30 | 10 | 1 |
| Fineness | 99.9 | 99.9 | 99.9 |
| Gross Weight (g) | 1,001.002 | 311.347 | 31.135 |
| Diameter (mm) | 100.60 | 75.60 | 40.60 |
| Thickness (mm) | 14.60 | 8.70 | 4.00 |
Several 2017-dated bullion coins have already been released, and more are coming. The Perth Mint has a five-month launch strategy for its range of investor coins. Series and release dates include:
- 2017 Year of the Rooster Gold and Silver Bullion Coins – 12 September 2016
- 2017 Australian Kangaroo Gold Bullion Coin Series – 3 October 2016
- 2017 Australian Kookaburra Silver Bullion Coin Series – 10 October 2015
- 2017 Australian Kangaroo 1oz Silver Bullion Coin – 14 November 2016
- 2017 Australian Koala Silver Bullion Coin Series – 9 January 2017
Bullion coin and precious metals dealers are now selling 2017 Kookaburra silver coins for around $5 to $8 over spot with discounts offered at larger quantities. The Perth Mint is also accepting orders for them at perthmintbullion.com.
Why is this coin only .999 and many others now are .9999?
Hi Spinger,
The Perth mint has only released one four 9’s silver bullion coin. It is the 2016 Australian 1 oz Kangaroo 9999 silver bullion coin. It is a stunning coin and due to it being the first 4 – 9’s 1 oz bullion for the Perth, it has sold at record numbers. Worth a look and a buy.
Mouse
FYI, There was one more 9999 coin. The 2016 P $1 1oz. Silver Stock Horse Australia Perth Mint. Gem Bu 10,000 minted. I have one very nice.