Mention a silver kangaroo coin to a dedicated coin collector and their eyes light up with excitement! These beautiful, unique coins have been highly sought after since their first mintage. As you already know, the Australian Silver Kangaroo coin is almost like the official silver coin of the Australia and the program itself has been very popular since it was first launched.
The rarity of the coins and the complete set make them one of the Perth Mint’s most popular offerings. Both the set and individual coins are among the most sought after silver coins of all silver coins produced in Australia. The kangaroo is a symbol of Australia. It is the largest marsupial living on Earth today and is found nowhere else outside of Australia. The kangaroo appears on the coat of arms of Australia. As the first Perth mint, 1-oz. silver Australian kangaroo coins have authentication on the back – in the form of a micro-lasered letter ‘A’. The mark is only visible under a magnifying glass and is designed to make the coin difficult to counterfeit.
Issued as legal tender in Australia, the obverse of each of these coins for sale bears the effigy of Her Majesty Queen Elizabeth II along with the year and date.
If you are looking to buy Australian silver Kangaroo coins, the 1oz.coins are a great choice. You can buy them online or from a local coin dealer or physical bullion dealer. Like all dated coins, Silver Kangaroo coins are certified by the Perth Mint. Their silver content means they are a safe investment. This means buyers are always sure of their best value.
What to avoid when buying silver coins
People may choose to buy silver coins for a variety of reasons: perhaps they like the design of a particular coin or its history, or they want to keep it. They probably enjoy having all the coins in a particular set. Or perhaps they like owning a particular coin for its desirability – its numismatic value is so high.
All of these reasons for buying silver coins are completely valid. But if you are interested in silver coins from an investment point of view, you should be concerned with the spot price.
Collectable numismatic coins are those that have market values that do not match the value of their silver content. They are valued for their uniqueness more than anything else. For example, if silver appreciates 177% from $18 to $50, then a $100 numismatic collectible is likely to appreciate only 32% to $132. Collector coins will increase based on the silver they contain, but there is no reason to think that the numismatic premium will increase as well.
Summary: If you want to buy silver numismatic coins for fun, go for it. But as an investment strategy, buying numismatics is unwise. If you believe that silver is destined to rise, then the name of the game is to get your hands on as much silver as possible. It must be liquid.
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