The 2017 Silver Australian Kangaroo is a popular silver coin produced by Australia’s famous Perth Mint. It’s well-known for its high-quality silver and beautiful design. This coin is a favorite among collectors and investors because it combines value and artistry. In this guide, we’ll explain everything you need to know about this unique coin.
What is the 2017 Silver Australian Kangaroo?
The 2017 Silver Australian Kangaroo is a one-ounce silver coin first introduced in 2016. Made from 99.99% pure silver, this coin highlights Australia’s national symbol, the kangaroo, and offers an affordable way to invest in silver. The Perth Mint, which has a strong reputation for producing high-quality precious metal coins, guarantees its purity and craftsmanship.
The Coin’s Design
Obverse (Front) Design
On the front of the coin, you’ll see a detailed portrait of Queen Elizabeth II. This design is by Ian Rank-Broadley and has been used on Australian coins for many years. Around the Queen’s image are the words “ELIZABETH II,” “AUSTRALIA,” and the coin’s value, which is 1 Australian dollar.
Reverse (Back) Design
The back of the coin features a red kangaroo hopping across a background of sunburst lines. This design is surrounded by the inscriptions “AUSTRALIAN KANGAROO,” the year “2017,” and the coin’s silver content: “1 oz 9999 SILVER.” Additionally, a small “A” is engraved as a security feature to prove the coin’s authenticity.
Coin Specifications
Here is a simple table to summarize the key details about the 2017 Silver Australian Kangaroo:
| Feature | Details |
|---|---|
| Material | 99.99% pure silver |
| Weight | 1 troy ounce (31.1 g) |
| Diameter | 40.60 mm |
| Thickness | 2.98 mm |
| Face Value | 1 Australian dollar |
| Year | 2017 |
| Mint | Perth Mint |
| Security Feature | Micro-engraved “A” |
Though its face value is just 1 Australian dollar, the coin’s actual value comes from its silver content, which fluctuates with the market price of silver.
Why Is the 2017 Silver Australian Kangaroo Popular?
The 2017 Silver Kangaroo is popular for many reasons:
- Purity: It contains 99.99% pure silver, which is the highest standard in silver bullion coins.
- Affordability: The coin is mass-produced, making it more affordable than some limited-edition coins, while still maintaining high quality.
- Beautiful Design: The iconic kangaroo on the coin’s reverse is a beloved symbol of Australia, appealing to collectors worldwide.
- Investment Value: Silver coins are often considered a safe investment, especially during uncertain times when the price of silver tends to rise.
Investment Value
The 2017 Silver Australian Kangaroo offers great value as an investment. Silver is a popular precious metal for investors, especially in times of economic uncertainty. The coin’s purity (99.99% silver) and trusted minting process make it an excellent addition to any investment portfolio. Additionally, the small, engraved “A” provides extra security, ensuring you are purchasing a genuine coin.
Final Thoughts: Why Should You Buy It?
The 2017 Silver Australian Kangaroo is an ideal choice for anyone interested in collecting or investing in silver. It offers a mix of beauty, value, and security, all backed by the Perth Mint’s reputation. Whether you’re a new investor or an experienced collector, this coin is a great way to own a piece of Australia’s heritage and secure a solid investment in silver.
FAQ’s
What is the silver purity of the 2017 Australian Kangaroo coin?
The 2017 Silver Australian Kangaroo coin is made from 99.99% pure silver, making it one of the highest quality silver coins available.
Is the 2017 Silver Australian Kangaroo a good investment?
Yes, it’s a great investment due to its high silver content, affordability, and reputation as a trusted bullion coin from the Perth Mint.
What security features does the 2017 Silver Australian Kangaroo have?
The coin has a micro-engraved “A” as a security feature, which helps ensure the coin’s authenticity and protects against counterfeiting.