The Perth Mint of Australia introduced a bullion product this month, the 2017 $100 Australian 1oz Gold Swan Coin.
The new bullion coin arrives on the heels of the inaugural silver edition which launched earlier this year and quickly sold out. The Perth Mint produced 25,000 of those, and they are realizing secondary market prices well above their melt value. Only 5,000 of the Gold Swan coins are available.
Struck in an ounce of 99.99% pure gold, the new coin features the same reverse design as the bullion silver dollar — a swan swimming on the surface of the water. The bird is seen with its long neck and broad wings tucked together on its back. Reverse inscriptions include THE 1OZ 9999 AUSTRALIAN GOLD SWAN, along with the Perth Mint’s ‘P’ mintmark. The water design also continues past the coin’s lower inscriptions.
Obverses offer the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II with encircling inscriptions of ELIZABETH II, AUSTRALIA, 2017, and 100 DOLLAR.
Bullion coin and precious metals dealers are now selling the new gold piece at prices ranging from about $70 to $77 over spot.