2014 Australian Silver Eagles: A Golden Opportunity | New Coin Releases

2014 Australian Silver Eagles: A Golden Opportunity

If you’re in the market for Australian coins with American flair, then look no further than the 2014 Australian Silver Eagle, especially the 1 oz bullion or BU version of the coin.

2014 Australian Silver Eagles, the first Australian Wedge Tailed Eagle Silver Dollars ever to be issued, present a golden opportunity that should fit the budgets of most if not all coin collectors. This may come over as a bold claim, but it should become self-evident why such a claim is anything but bold.

The 2014 Australian Silver Eagles were issued as part of a collective batch of coins that are officially referred to as Australian Wedge Tailed Eagle coins. The coins were issued in gold, silver and platinum, but the focus in this article will only be on the 2014 Australian Silver Eagles (Australian Wedge Tailed Eagle coins struck in silver or Australian Wedge Tailed Silver Eagle coins), of which four difference versions were issued: A 1 oz high relief silver proof coin (maximum mintage: 10,000), a 5 oz high relief silver proof coin (maximum mintage: 5,000), a 1 oz bullion or BU coin (maximum mintage: 50,000) and a 1 oz silver proof coin (maximum mintage: 5,000).

2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS70 reverse

2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS70 obverse

Now the proof and high relief proof versions of the coin, especially the top graded and/or certified ones, are already selling at prices that are beyond the reach of many coin collectors. These are not the coins intended to be discussed in this article. The focus will rather be on the 1 oz bullion or BU version of the 2014 Australian Silver Eagle coin, which currently offers an exciting opportunity to coin collectors.

Before we move forward and discuss why we believe the 1 oz bullion or BU version of the 2014 Australian Silver Eagle is a “sleeper” coin (or undervalued for that matter), let’s consider a couple of  facts that are applicable to all versions of the 2014 Australian Wedge Tailed Eagle coin:

Designed by John Mercanti: The coin was designed by American sculptor, expert and engraver, John M. Mercanti, best known among numismatists as the 12th chief engraver of the U.S. Mint. He is famous for the heraldic eagle reverse design of the American Silver Eagle bullion coin. This coin is part of the highly successful U.S. Bullion Coin Program which has seen 300,000,000+ coins sold since the program’s inception in 1986.

Mercanti’s heraldic eagle reverse design has featured on American Silver Eagles (ASEs) ever since and certainly needs no introduction here. It is therefore no wonder that it came as a pleasant surprise, and catapulted Mercanti into the record books so to speak, when word got out that the Perth Mint has commissioned him to design the 2014 Australian Wedge Tailed Eagle coin. This made Mercanti the first U.S. Mint Chief Engraver to design a coin struck by another country. In fact, it is Mercanti’s first world coin design and poses a clear challenge to the ASE, although in a positive sense.

First Coin to Depict Australian Wedge Tailed Eagle: It is the first coin to depict an Australian Wedge Tailed Eagle, which is not only an extremely intelligent and ferocious predator, but can grow to be even bigger that the American Bald Eagle! Can you imagine that?

First-Year Issue Coin: It is the first coin in what seems to be a promising new Australian or Perth Mint coin series. First-year issue coins are usually sought-after and tend to do very well in both the primary and secondary markets.

Struck by the Perth Mint: The coins are struck by the Perth Mint which is well-known for delivering coins of exceptional quality.

Now back to the 1 oz bullion or BU version of the 2014 Australian Silver Eagle coin and why we believe this coin is a “sleeper” …

Numismatic journalist, Louis Golino, a collector of modern U.S. and world coins, recently noted at the ModernCoinMart (MCM) community board, dubbed MCF accessible from the MCM website or via the ModernCoins.com domain, that he thinks “…the standout silver eagles of 2014 will be the Australian wedge tailed coins. The new reverse proof bullion coin is a first year coin in a new series with a 50K mintage and struck to standards seen on Perth’s kooks, koalas, etc” (Who thinks silver eagles are overrated?, MCF, Louis Golino). Golino further noted that while he believes all versions of the coins will do well, “…now is the time to get in at the ground level on the bullion RP.”

Now since no bullion RP (Reverse Proof) or RP bullion version of the 2014 Australian Wedge Tailed Eagle Silver coin was officially issued and/or released by the Perth Mint, MCF member, KPSan8819, did us all a favor and wanted to know if the “…bullion unc. IS the RP version.” Louis responded in part that “They have not been given the RP designation by PCGS or even mentioned by GovMint, the distributor for the coins, but they are clearly RP.”

In other words, we’re not merely sitting with a BU version of the coin, but with an unofficial BU RP version of the coin which should demand an additional premium in the market place, if not now, most likely some time in the future. Yet, as Louis noted: “They have not been given the RP designation by PCGS or even mentioned by GovMint…” In fact, it seems that this has not been factored into prices yet and presents a golden opportunity “to get in at the ground level” as Louis has pointed out.  

Now considering that “the only raw coins GM sold were the regular proofs, non-HR” and that at time of writing no NGC certified coins were available for sale, it would make sense to buy these coins PCGS certified and in the highest possible grade you can afford, especially considering that all the PCGS certified coins come with labels individually hand-signed by John Mercanti.

2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS69 reverse2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS69 obverse

Thus, you want to aim for a 2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS70 or a 2014-P Australia 1 Oz Silver Wedge Tailed Eagle $1 Mercanti PCGS MS69, especially if you can get it at great prices with free domestic shipping included as offered by ModernCoinMart (MCM). You of course also have the option to wait for the NGC certified ones to become available. 

The Lowest Cost. Period.

GoldUSD 1,290.20   per Ounce
SilverUSD 17.07   per Ounce
PlatinumUSD 975.60   per Ounce

SD Bullion

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