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1995 One Dollar Silver Kangaroo Unc Coin Fair - Facing Kangaroo

1995 One Dollar Silver Kangaroo Unc Coin Fair - Facing Kangaroo

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Product ID:
P-4623

One of just three silver kangaroos issued at Australian coin fairs.

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Description:

Australia 1995 One Dollar Silver Kangaroo (Coin Fair)

Facing Kangaroo reverse design

Obverse: Maklouf portrait of Elizabeth II to right;

Reverse: Facing Kangaroo

Purity: 99.99% Weight: 31.6g Nett: 1.02ozt


One of just three silver kangaroos issued at Australian coin fairs.

The Royal Australian Mint began striking silver one ounce coins with a kangaroo reverse in 1993 (this is the first in the series), they are all now hugely popular with silver bullion coin collectors right around the world.

It was actually something of a groundbreaking product for the RAM - here is the first coin ever made by the RAM that has even a vague relationship with the silver bullion price.

Whereas the value of other series of coins are determined solely by their collector appeal, the market for the silver kangaroos is underpinned by the bullion price of silver.

Mintage figures of the Australian silver kangaroos are absolutely tiny when compared to the same coins from the United States - this coin has a mintage of 45,542.

A tiny number (2,500) of coins were released at the Sydney coin fair in 1995, this makes it equal to the rarest UNC coin in the series.

It's quite different to the standard coin, in that it has interrupted milling on the egde, as opposed to continuous milling on the standard coins.

This particular coin remains in the presentation case, and is accompanied by the numbered certificate of authenticity.