Two new bullion coins have recently been released by major world mints. The Perth Mint of Australia has launched a smaller sized 2011 Koala Silver Coin and the Royal Canadian Mint has issued a 2011 Canadian Grizzly Silver Coin.
Reverses of the Canadian Grizzly silver coin and the Australian Koala silver coinBoth coins are composed of at least 99.9% pure silver and each features a unique reverse design that will only be used in 2011.
The Australian Koala 1/10 oz Silver Coin is advertised by the Perth as "a fantastic and affordable opportunity to own an iconic 99.9% pure silver coin."
Koala silver coin designs change annually. Like the sister 2011-dated 1/2 oz, 1 oz, 10 ounce, and 1 kilo sizes that have been available for some time, the reverse of this smallest coin features a mature koala and juvenile resting in the fork of a eucalyptus tree.
Inscriptions include "AUSTRALIAN KOALA," "2011 1/10 oz 999 SILVER" and The Perth Mint's "P" mint mark.
The 1/10 oz coin, which includes 3.135 grams of silver, has a face value of 10 cents. Due to its size, the coin is easily the most affordable offered by a world mint at a price below $14.
Until replaced by the 2012 issue, demand dictates how many will be produced.
The 1/10 oz Australian Koala Silver Coin may be purchased directly from The Perth Mint's website at http://www.perthmint.com.au/.
The Canadian Grizzly Silver Bullion Coin is not sold directly by the Royal Canadian Mint but instead through its distributors. The selling process (and pricing methodology) is similar to that used by the Mint for its popular Silver Maple Leaf bullion coin.
The Grizzly silver coin is the second issue in the Mint's Canadian Wildlife series and follows the previous 2011-dated issue which features an image of a Wolf. The Mint expects to issue a total of six different wildlife coins at a rate of two each year until 2013.
Inscriptions on the Grizzly coin include "CANADA," "9999," "FINE SILVER, 1 OZ," "ARGENT PUR" and the initials WW for the designer, William Woodruff. The "9999" denotes the purity of silver within the coin, making it one of the purest in the world.
The coin has a denomination of $5 and is limited to a mintage of 1 million.
Both coins also have an obverse bearing a portrait of Queen Elizabeth II. The Canadian coin obverse was created Susanna Blunt. The Australian obverse was designed by Ian Rank-Broadley.
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2011 Australian Koala Silver Coins Available Oct. 42011 Koala Coins ReleasedTagged as: Silver Coins
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