Monday, January 6, 2014

2014 Australian Kangaroo Silver Bullion Coin Series & 25th Anniversary Gold Kangaroo Coins - Perth Mint

Perth Mint has produced the Australian Kangaroo Gold Bullion Coins for 25 years (see more on this below), but it has recently come to my attention that Perth Mint intends on releasing a 2014 (& 2015, likely ongoing) Australian Kangaroo Silver Bullion Coin Series. This was an idea I floated on this blog back in mid 2012 (and raised as a suggestion to Ron Currie the same year at the Lunar Snake Coin Series launch in September)
Personally I would prefer to see the Perth Mint innovate rather than increase the mintage (either through Privy Mark coins or increasing Kookaburra mintage where they are able to revise the number annually) of the current well loved series. Why not a Silver bullion version of the Kangaroo? Source
It seems the Perth Mint has taken on this feedback or already had this planned as we saw some documents hit the comlaw site last year (but not widely noticed as far as I can tell), the first hint came early in the year:
2014 Australian Kangaroo - Bullion Coloured Coins
The design on the 2014 Australian Kangaroo (1kg, 5oz, 1oz, 1/2oz) silver bullion coloured coins, consists of a circle that surrounds a coloured representation of a kangaroo in a landscape with a fence, grasses, flowers, several branches on the ground, trees, shrubs and undulating terrain in the background. The coin includes the following inscriptions ‘AUSTRALIAN KANGAROO’, ‘2014’ along with the weight of the coin and ‘999 SILVER’ and the initials of the designer Tom Vaughan ‘TV’.
A coloured bullion design didn't seem likely to be an individual release without a standard bullion counterpart.

The design spec indicates the coloured silver coins will mimic the graphic on the 2014 Australian Kangaroo Gold Bullion Coin Series (those weighing under a kilo):

The confirmation that we would be seeing a plain Silver bullion kangaroo series came later in the year with this document confirming both a 1oz and 10oz coin (for 2014 & 2015):
2014 Australian Kangaroo - Silver Bullion Coin
A design, in a bullion finish, consisting of a pattern of shapes representing stylised sunrays surrounding a representation of a kangaroo, and the following:
(b) “P”;
(c) “1oz 999 SILVER”; and
(d) “2014”
Note that the design description for the standard bullion coin differs to that of the coloured coins, indicating they might instead replicate the graphics from the kilo Gold coin (which differs to the smaller coins as pictured above). See below for an image of the 2014 Gold Kilo Kangaroo along with a black & white rendered edition to give an indication of what the Silver coin may look like:

Furthermore this document also hints at some anniversary bullion (1/10oz, 1/4oz & 1oz sizes) and proof (1/20oz, 1/10oz, 1/4oz, 1/2oz & 1oz sizes) Gold coins to celebrate the 25th year of minting the kangaroos:
2014 Australian Kangaroo - Gold Bullion Coin
A design, in a bullion finish, consisting of a pattern of shapes representing stylised sunrays surrounding a representation of a kangaroo, and enclosing the following:
(a) “P25”;
that is in turn enclosed within a ring of dots, containing the following:
(d) “1oz. 9999 GOLD”; and
(e) “1989 ‑ 2014”
Note the special markings (P25 & 1989-2014 date range).

In a recent post on the official Perth Mint blog where it was announced that the 1oz 2014 Australian Kookaburra Silver Bullion Coin had officially sold out (new record?), Ron Currie says:
We also have exciting news pending about the release of a special, limited mintage gold bullion coin. Full details will be announced in January.
We will have to wait on confirmation, but the above mentioned anniversary Gold kangaroo coins may be the pending announcement, hopefully with the Silver bullion coins soon to follow. 

With the 1oz Kookaburra & Lunar Horse sold out, that leaves Perth Mint with only the 1oz Silver Koala which some investors are lukewarm on, so the 1oz Silver Kangaroo coins will make a welcome addition to the lineup (I suspect they will be a popular choice for investors) & stiff competition for the Royal Australian Mints Kangaroo series which usually sells for a much higher premium on release than Perth Mint bullion offerings.

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