What Are Australian Lunar Series Gold Bullion Coins?
What Are Australian Lunar Series Gold Bullion Coins?
Australian gold coins are minted out of 24 carat gold, and are sold in two series: the Lunar Series and the Nugget or Kangaroo Series. These illustrate two customer-friendly factors that have built a following and attracted enthusiasts in the coin market. One factor is the unique features of the coins, the other is being denominated in the highest gold value there is. They are a investor favorite and are turning coin investors into collectors. They are issued by the Perth Mint, which is a prolific and prominentwell-known and prolific mint. It issues a range of of bullion coins, that should be thought of by people with an interest in accumulating precious metal coins as a collector or an investor.
With Reference To The Perth Mint
The Perth Mint was initially established in 1899 as an overseas branch of the British Royal Mint. At the time, gold coins in circulation as currency. The British Royal Mint established branch mints anywhere gold was mined to make their manufacturing process more expeditious. As gold had been discovered in Western Australia, the Royal Mint founded a branch in Perth. In 1970 it was finally transferred from British ownership to Australian control.
In 1987, an Act of Parliament, the Gold Corporation Act authorized the Gold Corporation to take over the Mint’s operations and launch Australia’s official precious metal coin program. The Australian Kangaroo coin was its first product. The Mint also issues the world’s largest range of gold coins. The Perth mint has a reputation for superlative quality and innovation in its coins and is a central supplier of gold blanks to other mints, including some of the world’s major mints. In fact, in excess of 80% of its revenue come from exports. It is also a popular tourist destination.
The Lunar Series Gold Coins
The Lunar Series commemorates the twelve year Chinese Lunar Calendar. This Series started in 1996 with the Year of the Rat as the first symbol depicted on the reverse side of the coin. The other side of the coin shows an illustration of Queen Elizabeth II, which has not remained the same over the years and has changed twice. This change has attracted the interest of numistatists from regions of what was once British Empire. The Lunar Series first twelve year cycle concluded in 2007 with the Year of the Pig. Lunar Series II commenced in 2008 with different designs of these annual animal symbols corresponding to the Chinese Lunar Calendar. The Year of the Tiger is depicted in the 2010 coin batch. Three different weights are on offer in this batch with different face values and of course, a different bullion value as well. Although the Mint produces coins in nine weights in the Lunar series, all the sizes may not be on offer in any given year. Check with the Mint as to which weights are on offer. The 2010 batch has a set with one example of each weight on offer. The Mint produces a limited number for each denomination. They are priced at a small premium to the latest market value of gold.
The Year of the Tiger is celebrated in the 2010 coin. It is available in an ounce coin (face value AUD 100), a quarter of an ounce coin (face value AUD 25) and a tenth of an ounce coin (face value AUD 15). The Mint also offers a 3 coin set. The Perth Mint will issue a limited number for each denomination. 3,000 coins will be released in the one ounce denomination, 5,000 each in the one quarter and one tenth of an ounce coins and there will be 3,000 3 coin sets produced. The reverse side of the coin depicts a tiger’s head, an inscription of the ‘Year of the Tiger ‘and the Chinese character
The Lunar Series has some values on offer in unlimited production, and some with limited production. In general, the bigger weighted coins are the ones that have unlimited production, and, the lower weights have limited production quantities with more made available as the denomination amount decreases. Unlike the Canadian Maple Leaf and the American Eagle gold bullion coins both of which are available in unlimited production quantities, each lunar series coin has limited production quantities.
The Charlton Standard Catalogue of Canadian Coins Winter 1983
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