Perth Mint 1oz Silver Kangaroo Bullion Coin

Silver, gold, and other precious metals have increased in value in the past couple of months. Part of this increase is due to the global economic and political uncertainty resulting from Brexit. Silver has long been viewed as a “safe haven” of sorts when economic and political turmoil occur. Yet certain types of silver have jumped extraordinarily high over the past few weeks and months. A couple of days ago, the Perth Mint posted an article mentioning that the Perth Mint 1oz Silver Kangaroo bullion coin has broken through to new heights.

Perth Mint 1oz Silver Kangaroo Bullion Coin Sales Reach the 10 Million Mark

To say the Perth Mint’s 2016 Australian Kangaroo 1oz silver bullion coin is in high demand would be an understatement. The sales of this newly released coin have greatly surpassed initial projections. Released in September of 2015, the Perth Mint 1oz Silver Kangaroo bullion coin was expected to be fairly popular. Precious metal experts initially projected that 5 million of the coins would be sold in its first year of existence. As of the date of this writing, sales of the Perth Mint 1oz Silver Kangaroo bullion coin have surpassed the 10 million mark. These sales figures are a testament to the coin’s soaring popularity as well as the ever-increasing value of silver.

Future Sales Expectations for the Perth Mint 1oz Silver Kangaroo Bullion Coin

Now that coin experts can properly gauge the Perth Mint 1oz Silver Kangaroo bullion coin’s popularity, anticipating expected sales figures is a much easier process. Richard Hayes, the Chief Executive Officer of the Perth Mint, recently commented on the Perth Mint 1oz Silver Kangaroo bullion coin’s remarkable success. He noted that the coin’s popularity transcends geography. Hayes also stated that the coin’s updated sales projections are beyond the 12 million mark for this coming year.

Why the Perth Mint 1oz Silver Kangaroo Bullion Coin is so Strongly Coveted

Though global economic uncertainty has certainly played a role in the rise of silver’s value, the Australian Silver Kangaroo coin is in high demand for a myriad of reasons. This .9999 fine silver coin features the iconic Australian kangaroo.  It looks gorgeous and it won’t bust your budget. The Silver Kangaroo bullion coin’s comparably small size makes it convenient in terms of storage as well as transportability.

As a component of the Australian Bullion Coin Program, the Perth Mint 1oz Silver Kangaroo bullion coin is a component of a coin group that includes the highly desirable Australian Koala, Australian Lunar, and Australian Kookaburra series. The 1oz silver pieces in each series are coveted by coin collectors around the world. These limited mintages of these 1oz coins sell out every year. This is precisely why the masterminds behind the 1oz Silver Kangaroo coin decided to issue it in a weight of 1oz. Whether you are an experienced investor or a part-time coin collector, the Silver Kangaroo will prove to be an excellent addition to your collection.

The 1oz Silver Kangaroo Bullion Coin is Available at MyGold

Reach out to MyGold to find out more about the stunning 1oz Silver Kangaroo bullion coin. We sell the Silver Kangaroo and other coins at the lowest possible prices to buyers throughout New Zealand. Give us a call by dialing 0800 465 369.