Thursday, March 01, 2007

2007 Australian Koala 1oz Silver Coin

The Perth Mint, Australia, has launched the 2007 Silver Koala as the first coin in a new series of iconic Perth Mint releases depicting Australia’s most endearing marsupial. Scheduled for release each year with a new design featuring a cuddly koala, this stunning series is designed to appeal to investors, collectors and gift buyers.

This new Silver Koala coin is struck from 1oz of 99.9% pure silver in specimen quality and features on the reverse a cuddly koala clinging tenaciously to the branch of a gum tree. The image appears on a ‘shimmer’ background, a remarkable new effect developed exclusively by The Perth Mint.

Issued as legal tender under the Australian Currency Act 1965, the 2007-dated coin bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on its obverse.

The new 2007 Silver Koala is struck on a ‘Mint to Order’ basis only and production will close on announcement of the 2008-dated coin, enabling The Perth Mint to declare its official mintage

The coin has a face value of 1 Australian Dollar but contains one ounce of pure silver and retails for just under 30 Australian Dollars plus shipping.

This coin looks to be a very popular design, the Koala is a very popular Australian Icon with visitors and tourists and the 2007 Australian Koala 1oz silver coin is likely to become a firm favorite with coin collectors everywhere.

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