The Australian Kookaburra Silver Bullion Coins first appeared from the Perth Mint of Australia in 1990. That year only saw the strike released in a one ounce coin although subsequent years would see the size offerings of the Silver Kookaburras expanded to include a range of up to one kilogram.
The Kookaburra Coins are each struck from a composition of 99.9% pure silver. These strikes take their name from the fact that an image of a kookaburra (a member of the kingfisher bird family native to Australia and nearby New Guinea) is found on the reverse of the strike.
Kookaburra Silver Bullion Coin Information
Collectors have shown extreme interest in these Kookaburra Silver Bullion Coins for years despite the fact that, as bullion pieces, they are actually created for investors. A lot of that interest stems from the fact that the Perth Mint utilizes a new reverse on these coins annually make each strike unique from those released the previous year.
Another factor playing into their popularity is the limited mintage. Since their introduction, the Perth has instituted a mintage cap on the one ounce coins of 300,000. This has led to a sell-out of the strikes, especially in recent years. No mintage cap is used for the larger sized Kookaburras.
Each coin is struck as legal tender of Australia under the Australian Currency Act of 1965. This gives each coin a face value backed by the government of Australia ranging from $1 for the current one ounce coins to $30 for the 1 kilogram strikes.
However, the true value of the Silver Kookaburras lie in either their melt values (based on the fact that each is struck from a designated amount of .999 fine silver) or their numismatic values. The melt value of each is dictated by the current market price of the precious metal. If silver is currently trading for $30 an ounce, the one ounce coin has a melt value approximately equal to that.
Numismatic values can vary significantly based on the coins condition and its perceived rarity.
Kookaburra Silver Bullion Coin Specifications
|Face Value:||$1, $10, $30 (AUS) – based on recent 1 oz, 10 oz & 1kg coins|
|Mintages:||varies based on year|
|Diameter:||101mm (1kg), 75.5mm (10 oz), 40.6mm (1oz)|
|Weight||311.347g (1kg), 62.77g (10 oz), 31.135g (1oz)|
|Mintmark:||‘P’ for Perth Mint|
|Obverse Design:||Queen Elizabeth II of England|
|Obverse Designer:||Ian Rank-Broadley|
|Reverse Design:||image of a kookaburra bird|
|Reverse Designer:||varies based on year|