BULLION BARS AND COINS
Sales of The Perth Mint's 2016 Australian Kangaroo 1oz silver bullion coin
have reached 10 million.
Introduced to the market in September 2015, sales of the new release were
anticipated to reach 5 million coins in its introductory year.
Commenting on the coin's worldwide popularity, Perth Mint Chief Executive
Officer, Richard Hayes said: "Now that we can better gauge the
popularity of the release, we predict sales in excess of 12 million this
coming year."
The Australian Silver Kangaroo is part of the official Australian Bullion
Coin Program, which includes the renowned Australian Kookaburra, Koala, and
Australian Lunar silver series. The popularity of the 1oz release in each
series is especially evident, as these issues sell out of their limited
mintages consistently each year.
With this in mind, the Silver Kangaroo was issued in a 1oz weight only and
to an unlimited mintage. "We made sure that the new Kangaroo
satisfies investors' key aims - to secure an asset which features an
Australian icon - to secure silver at an affordable price - to add 9999 fine
silver to their portfolio - and to stack precious metals in convenient one
ounce coins," added Richard Hayes.
The 2016 Silver Kangaroo and the complete suite of Australian bullion
coins are available from The Perth Mint's Bullion Trading Desk in East Perth,
via the BullionLine 1300 201 112 (Australia), +61 8 9421 7218 (International)
or at www.perthmintbullion.com.
