Australian Silver Lunar Coins are a product of The Perth Mint. It is located in Western Australia and is one of the world’s oldest and most prestigious mints. Founded in 1899, it has a long history of producing high-quality precious metal products. Including gold, silver, and platinum bullion coins and bars.
The Mint has been producing the Australian Silver Lunar series since 1996. Which has become a popular and highly sought-after addition to the Lunar series. The Perth Mint is known for its meticulous attention to detail, strict quality control standards, and innovative designs. Hence, it has become a favourite among collectors and investors worldwide.
The Lunar series is a collection of bullion coins that celebrates the animals of the Chinese zodiac.
In Chinese culture, each year has a particular zodiac animal. These animals are believed to have certain characteristics and qualities that influence the fortunes of people born in those years. The Lunar series coins are highly sought after by both collectors and investors. Due to their beautiful designs, limited mintage, and the cultural significance they hold.
Design and Specifications of the Australian Silver Lunar:
The Australian Silver Lunar series features designs that reflect the characteristics of the animal of the Chinese zodiac associated with the current year. The obverse of the coins bears the image of Queen Elizabeth II. While the reverse showcases the unique design for the given year. The designs of the Australian Silver Lunar series have been created by different artists over the years. Resulting in a diverse collection of beautifully crafted coins.
The Australian Silver Lunar series is available in several denominations. Including 1/2 oz, 1 oz, 2 oz, 5 oz, 10 oz, and 1 kilo. Each coin is struck in .9999 pure silver. Making them highly valuable and sought after by investors and collectors alike. The various sizes and weights of the coins allow for flexibility in investing, as buyers can choose the denomination that best suits their needs.
When compared to other Lunar Series coins:
Compared to other Lunar series coins, the Australian Silver Lunar series is unique in its designs, which are exclusive to the Perth Mint. While other Lunar series coins may have similar themes. This series stands out due to its intricate and detailed designs, as well as its high level of craftsmanship. Additionally, the Perth Mint has a reputation for producing some of the highest-quality bullion coins in the world. Further adding to the collectibility and value of the Australian Silver Lunar series.
The designs for each of the 12 years in Series 1 were as follows:
Significance and Collectibility of the Australian Silver Lunar:
The Australian Silver Lunar series is highly sought after by both collectors and investors. For its unique designs and limited mintage. The Lunar series is particularly popular among collectors who appreciate the cultural significance of the Chinese zodiac, as well as the intricate and beautiful designs of the coins.
Meanwhile, investors are attracted to the high level of purity and value of the silver used in the coins. This makes them a popular choice for diversifying investment portfolios.
The Perth Mint limits the mintage of the Australian Silver Lunar series. This adds to its collectability and value. The limited supply of these coins means that they may become increasingly rare and valuable over time. Additionally, the Mint releases a new design for the series each year. Which encourages collectors to complete their collections and adds excitement to the market.
The market value of the Australian Silver Lunar series varies depending on several factors. These include the rarity of the individual coins, the current price of silver, and demand among collectors and investors. Generally, these coins tend to hold their value well over time. That’s because of their limited mintage and the high quality of their designs and materials.
However, like any investment, the value of the coins may fluctuate depending on market conditions. The Australian Silver Lunar series is a popular and valuable addition to any collection or investment portfolio, thanks to its cultural significance, beautiful designs, and limited mintage.
Investment Potential of the Australian Silver Lunar:
Investing in bullion coins such as the Australian Silver Lunar offers several advantages. Including the potential for price appreciation, portfolio diversification, and a hedge against inflation. However, there are also some disadvantages. Such as the costs associated with buying and storing the coins and the lack of interest or dividend payments.
The historical performance of the Australian Silver Lunar series in the precious metals market has been generally positive, with prices generally increasing over time due to the limited mintage and high quality of the coins. For example, the 2008 Year of the Mouse coin, which had a mintage of only 47,977, has appreciated significantly in value since its release. Some specimens sold for several times their original price.
Factors that influence the future value of the coins:
Factors that may influence the future value of these coins include demand among collectors and investors, fluctuations in the price of silver and other precious metals, and changes in the global economic and political landscape. Additionally, the quality of the design and production of the coins may also play a role in their future value. As high-quality coins are generally more valuable and sought after by collectors.
The Australian Silver Lunar series has demonstrated a strong track record of appreciation in value over time. They make it a potentially lucrative investment for those interested in precious metals. However, as with any investment, it is important to carefully consider the risks and potential rewards before making a purchase.
Investing in the Australian Silver Lunar series offers several advantages. This includes the potential for price appreciation, portfolio diversification, and a hedge against inflation. However, there are also some risks and costs associated with investing in bullion coins. Such as the lack of interest or dividend payments and the costs of buying and storing the coins.
As with any investment, it is important to carefully consider the risks and potential rewards before making a purchase. But for those with an interest in precious metals and the Chinese zodiac, the Australian Silver Lunar may be a worthwhile addition to their collection or investment portfolio.
Interested in investing in Silver?
Then you should focus on investing through a precious metals IRA. It would help you buy physical gold and silver while availing the tax advantages of a retirement account.
There are plenty of specialized firms that can help you open a gold IRA.