Kangaroo Coins | New Coin Releases

Category Archives: Kangaroo Coins

Close-up look at the 2017 Australian Kangaroo Gold Bullion Coin

Struck from 99.99% pure gold, the Australian Kangaroo is Australia’s most prestigious gold bullion coin series. Each year, it portrays a new depiction of the country’s most famous marsupial – the iconic kangaroo. In 2017, the design portrays a kangaroo bounding across an outback plain. Available in 1oz, 1/2oz, 1/4oz, and 1/10oz releases, each coin has a superb ‘reverse proof’ finish, making it ideal for collectors as well as investors.

Source: The Perth Mint

2016 $1 Kangaroo Gold-Plated 1oz Silver BU

The Perth Mint has just launched its very first selectively gold-plated Silver Kangaroo. Also Australia’s first gold-plated kangaroo coin struck from 99.99% pure silver – the highest level of silver purity in numismatics! – this eye-catching coin will prove a must-have for so many collectors. Be sure to read more here.

2016 $1 Kangaroo Gold-Plated 1oz Silver BU - Reverse

2016 $1 Kangaroo Gold-Plated 1oz Silver BU – Reverse

Source of Image: Downies

2016 High Relief Kangaroos are on sale now!

2016 High Relief Proof Silver Kangaroos

2016 High Relief Proof Silver Kangaroos

Raw & certified coins now available at MCM!

The Perth Mint in Australia is well-known for its releases that feature some of Australia’s indigenous inhabitants. The kangaroo is perhaps the most well-known representative of the Land Down Under and well-known around the world for carrying their offspring in their pouch.

2016-P Australia $1 1 oz. High Relief Proof Silver Kangaroo

These adorable creatures are featured on the latest release, the 2016 High Relief Proof Kangaroo. Struck from one troy ounce of .999 silver, these coins are available in both the original Perth Mint packaging and certified by the Numismatic Guaranty Corporation (NGC) in PF69 & PF70 grades with their exclusive Australia label.

Call your mates and bag a ‘Roo for your collection today and enjoy MCM’s low prices and free domestic shipping!

Shop 2016 High Relief Silver Kangaroos NOW!

2015 Australian Kangaroo Silver Bullion Coin – Mystery Solved

It was a great surprise to learn about the existence of a 2015 1 oz. Silver Kangaroo, an Australian coin very similar in design to The Perth Mint’s 2016 Red Kangaroo 1 oz. 99.99% Silver Bu Coin – a bullion issue coin. I cover these Australian silver coins and more in this article – and perhaps more importantly – solve the mystery surrounding this 2015 Silver Kangaroo.

I also cover the 2016 Perth Mint 1 oz. Silver Kangaroos that were presented as gifts in exclusive August 2015 launch packaging “given out to attendees at the official Perth Mint dinner function to launch the 2016 Perth Mint Silver Kangaroo, held at the Chicago ANA show in August 2015.”

What Mystery?

I’ve learned of the existence of The Perth Mint’s 2015 Australian Kangaroo 1 oz. Silver Bullion Coin (see images below) for the first time on May 24th, 2016. This was after seeing a forum thread titled: “There’s a 2015 Perth Kangaroo?” This thread was started by forum member XXXIndex1 at the Modern Coin Forum (MCF) on May 22nd, 2016.

2015 Australian Silver Kangaroo (BU) - Reverse

2015 Australian Silver Kangaroo (Bullion Issue) – Reverse

2015 Australian Silver Kangaroo (BU) - Obverse

2015 Australian Silver Kangaroo (Bullion Issue) – Obverse

As can be seen at the source, the relevant member kicked the thread off with this first post:

MCF Thread 2015 Silver Kangaroo Bullion Coin

Leaving his sentiment in regards to eBay aside, he surely hits the nail solidly on its head in terms of the fact that many probably ordered or pre-ordered the 2016 1 oz. .9999 fine Australian Silver Kangaroo Coin (BU) for the wrong reason(s) to some extent or another. This is not to say that buying it for the wrong reason(s) automatically makes it a bad coin to own. It is only to say that it is certainly more pleasant to base the decision to buy a coin on more correct or factual information.

2016 Australian Kangaroo 1oz Silver Bullion Coin Reverse

2016 Australian Kangaroo 1 oz. Silver Bullion Coin – Reverse

2016 Australian Kangaroo 1oz Silver Bullion Coin Obverse

2016 Australian Kangaroo 1oz Silver Bullion Coin – Obverse

Many probably thought that they were buying the first bullion issue 1 oz. Silver Kangaroo ever issued by The Perth Mint and also the first Australian coin with the new micro-laser engraved letter ‘A’ security feature. Leaving room for erroneous assumptions, even parts of current sales listings of the 2016 Silver Kangaroo bullion issue underline concerns in this regard – proving that it is not based on hearsay or pie in the sky for that matter. For example:

golden eagle coins 2016 Silver Kangaroo

2016 Australia 1 oz Silver Kangaroo BU as listed at Golden Eagle Coins on June 5, 2016.

apmex 2016 silver kangaroo coin

2016 Australia 1 oz Silver Kangaroo BU as listed at APMEX on June 5, 2016.

jm bullion 2016 silver kangaroo

2016 1 oz Australian Silver Kangaroo Coin (BU) as listed at JM Bullion on June 5, 2016.

sd bullion 2016 silver kangaroo

2016 1 oz Australian Silver Kangaroo | .9999 Fine | BU as listed at SD Bullion on June 5, 2016.

silvertowne 2016 silver kangaroo

2016 P Australia Silver Kangaroo 1oz BU as listed at SilverTowne on June 5, 2016.

provident metals 2016 silver kangaroo

2016 1 oz Australian Silver Kangaroo as listed at Provident Metals on June 5, 2016.

I could add more examples, but the above should suffice. It seems that at the time the above listings for the 1 oz. .9999 fine 2016 Australian Kangaroo Silver Coin went up, none of the relevant dealers were aware of the existence of the 2015 1 oz. .999 fine Australian Silver Kangaroo Coin (Bullion Issue). In fact, how many dealers, investors and collectors are aware of the existence of this Australian coin, even today?

Why was it only recently offered for sale to the public and only via the eBay store of Bay Precious Metals (BPM)? My investigation of the matter revealed the following…

Mystery Solved

I’ve searched the eBay Completed Listings for “2015 1oz Silver Kangaroo” on May 25th, 2016. It revealed that the first bullion issue 2015 1 oz. Silver Kangaroo on the list was sold publicly on May 10th at 08:40 (see image below).

ebay completed listings 1

Now given that this 2015 Silver Australian Kangaroo is marketed as “An eBay exclusive-only 300,000 minted” and “First Year of issue. Only sold on eBay” (see images below) – it should be relatively safe to assume that the first of these Australian silver coins were sold to the public on or around the May 10th, 2016, especially considering that “completed listings are available for items that have sold within the last 90 days and for items that didn’t sell within the last 30 days.” 

ebay exclusive

ebay only

It should also be clear from the above that the 2015 Silver Australian Kangaroo “was the first year of issue for the Australian Kangaroo silver bullion program. Mintage was limited to just 300,000 coins and will be exclusively sold on eBay by Bay Precious Metals” (see image above).

I’ve also learned from forum member Golden ChipMunk at the Silver Stackers forum that this 2015 dated Silver Kangaroo issue was no glitch – it is an official Perth Mint release and Australian legal tender coin. He posted: “As stated in com law… Commercial Grade 999 & 9999” with a link to the website located here.

federal register of legislation

Source: Currency (Perth Mint) Determination 2015 (No. 2)

I decided to contact an Industry Insider, The Perth Mint and Bay Precious Metals (BPM) in my search for answers…

Industry Insider

The industry insider revealed the following to me: “Looks like the 2015 coins were only struck to 999, not 9999, and only shipped to CNT (who operate Bay Precious Metals). CNT hosted the launch dinner in Chicago at which I received the launch edition coins, and they were showing off 2016 coins and monster boxes at the event. No mention was made at the launch of any 2015 dated coins in existence, and the bullion dealer back in Australia of which I am a shareholder is a Perth Mint primary distributor, and our first deliveries (ordered the first day of distribution availability) were supplied as 2016s.

Looks like CNT just decided to keep the lower mintage (300,000) 2015s an industry secret to avoid distracting from the launch of the 9999 2016 version, of which millions have been struck. CNT basically instigated this coin program, so my bet is that they have all 1200 monster boxes of 2015 dated coins they just sat on.”

The Perth Mint

Neil Vance, Perth Mint Group Manager of Minted Products, responded as follow to my questions (his responses are in red):

When exactly was this 2015 dated Kangaroo released by The Perth Mint?

The 2015-dated issue was The Perth Mint’s first run of Australian Silver Kangaroo coins. At the time of initial production, The Perth Mint was making all of its silver coins in 999 silver.  Subsequently, to satisfy market demand for 9999 silver, we altered our strategy to issue the more globally sought-after purity. There is also a slight finish between the 2015 and 2016-dated releases. The 2015-dated coins were offered to one of our resellers in the United States last year, however, they have only appeared in the market now.  The 2015-dated Silver Kangaroo has been struck to a limited mintage of 300,000, so both investors and collectors may seek to acquire this rare release.

What exactly makes it a “first issue”?

The 2015-dated Australian Silver Kangaroo coins were struck prior to the manufacture of the 2016-dated issue.

Why has this 2015 dated coin only been available for sale to the public since earlier in May this year (2016) and exclusively via eBay? I see the oldest completed listing at eBay was on May 10th (within a 90 day period prior to today – May 25th). Why is Bay Precious Metals the primary source of these coins as far as eBay listings go?

The distributor in the United States made the decision about the release date for the 2015-dated Silver Kangaroo and also the channel through which they were offered for sale.

Bay Precious Metals (BPM)

Bay Precious Metals, a subsidiary of the privately held, family-controlled Coins ‘N Things (CNT Inc.) based in Bridgewater, Massachusetts, responded as follow to my questions (their replies and/or responses are in red):

Admirably, when asked, BPM admitted from the get-go that the “2015 1oz Silver Kangaroos were minted and sold directly to our sister company CNT, Inc. The Perth Mint did not sell these coins to the public in 2015. In 2016, Perth Mint rolled out the 1oz Silver Kangaroos as part of their Australian Bullion Coin Program. The mintage in 2015 was 300,000 and all the coins were sold directly to us. BPM has had some of the coins holdered by NGC for display and has recently started selling them in various lot sized. I hope this information helps!”

2015P Australia S$1 Kangaroo - Certified Genuine

2015P Australia S$1 Kangaroo – “Certified Genuine” by NGC

Will a 2016 1 oz. Silver Kangaroo of the same kind be issued (.999 fine, security mark, etc.)? If yes, will the full 2016 mintage be sold to CNT?

Yes, we currently have the 2016 1oz Silver Kangaroo for sale. They are .9999. The mintage released in the United States run through CNT.

How does the 2015 1oz Silver Kangaroo fit in with the coin listed here? How many of the 2016 dated coins were issued in special launch packaging? I am asking, because I’ve heard on good account that CNT organized the event.

This item was given as a gift and not intended for resale.

When exactly were the 2015 coins minted and sold to CNT?

The coins were minted and sold to CNT in 2015.

“In 2016, Perth Mint rolled out the 1oz Silver Kangaroos as part of their Australian Bullion Coin Program” – Are you in reference to the 2015 dated Kangaroos that you offer for sale?

The 2015 1oz Silver Australian Kangaroo is part of the Bullion coin program.

Differences

What are the differences between the 2015 and 2016 dated bullion issue Perth Mint Silver Kangaroo coins mentioned above? I list some of the differences:

  • Silver Purity and Year of Issue: The 2015 Australian Silver Kangaroo Coin is .999 or three nines fine (99.9% silver), while the 2016 1 oz. Silver Kangaroo is .9999 or four nines fine (99.99% silver). This makes the 2016 Australian Kangaroo the first Australian bullion coin struck from 99.99% pure silver. This while the 2015 Silver Australian Kangaroo “was the first year of issue for the Australian Kangaroo silver bullion program” (Bay Precious Metals, May 2016) and also “The Perth Mint’s first run of Australian Silver Kangaroo coins” (Neil Vance – See Above).
  • Finishes: The obverse of the 2015 Silver Kangaroo features Her Majesty, Queen Elizabeth II, in a frosted finish. The remaining part of the obverse seems to have a brilliant uncirculated finish.  On the reverse: The red kangaroo, most of the lettering (except the “P” mintmark) and a small area – between the rays of a symbolic sunburst – seem to have a brilliant uncirculated finish. On the other hand, the obverse of the 2016 Silver Kangaroo features wavy, radial lines on the area outside the ring that encircles Her Majesty’s frosted portrait. These lines are repeated on the reverse beyond the rays of the symbolic sunburst. The red kangaroo and all lettering on the reverse, including the “P” mintmark, have a brilliant uncirculated finish. The area between the symbolic sun rays also has a brilliant uncirculated finish.
  • Design Elements: Both the 2015 and 2016 1 oz. Australian Kangaroo Silver Bullion Coins share the same classic red kangaroo reverse design and the same effigy of Her Majesty, Queen Elizabeth II, in terms of the obverse design. The very same design elements – created by Dr Stuart Devlin and Ian Rank-Broadley (IRB) – can be found on the Australian Kangaroo 1 Kilo 9999 Gold Bullion Coin, a coin minted since 1991 (see the images below). On the other hand, despite all the similarities, there are clear differences as well. I can attempt to describe the differences, but the images below speak for itself.

2016 2015 Australia 1 kilo Gold Kangaroo BU Reverse

2015 Australia 1 kilo Gold Kangaroo BU – Reverse

2015 Australia 1 oz. .999 Silver Kangaroo Bullion Issue – Reverse

2016 $1 1 oz. .9999 fine Silver Kangaroo Coin – Reverse

2016 Australia 1 kilo Gold Kangaroo BU Obverse

2015 Australia 1 kilo Gold Kangaroo BU – Obverse

1 oz. .999 fine 2015 Australian Kangaroo Silver Coin – Obverse

2016 Perth Mint Silver Kangaroo .9999 fine Coin – Obverse

Source of 1 Kilo Gold Kangaroo Images: APMEX

  • Mintages: The 2015 Perth Mint Silver Kangaroo .999 fine coin has seen a total mintage of only 300,000 coins. This might sound like a big number, but given the strong demand for bullion issue Silver Kangaroos (see the video below), it might be nothing short of a drop in the bucket. In addition, the 300,000 figure compares rather well to the unlimited mintage of the 2016 1 oz. .9999 fine Australian Silver Kangaroo Coin (BU).

A million Silver Kangaroos a month!

Source: Perth Mint YouTube Channel – Posted on Mar 29, 2016

  • Distribution: On the distribution side, it is now on record (see above), that all 300,000 of the 2015 dated ones, all 1200 monster boxes (1200 x 250), were sold to Coins ‘N Things (CNT Inc.), the sister company of Bay Precious Metals (BPM), which is the primary distributor of these coins via eBay. Now one can choose to see this in an extremely negative light (as I initially did), but given the above, is the workman not worthy of his pay? “CNT basically instigated this coin program” (see the comment of the industry insider above). Thus, they’re rightfully to some extent or another, entitled to some extra benefit for their efforts. I am sure that many who learn about this might not like what they read, but when placed in the correct context: Fair is fair after all. In any case, they opened up the 2016 dated one to wide distribution – clearly not wanting to keep all the cream to themselves. That being said, don’t be too surprised if you find NGC certified MS70 2015 $1 1 oz. .999 fine Silver Kangaroo Coins on the secondary market in the months to come – it is almost guaranteed! 

Lot of 10 - 2015 1oz Silver Kangaroo - MINTAGE ONLY 300,000!

Lot of 10 – 2015 1oz Silver Kangaroo – MINTAGE ONLY 300,000!

Lot of 5 - 2015 1oz Silver Kangaroo .999 Fine BU

Lot of 5 – 2015 1oz Silver Kangaroo .999 Fine BU

2016 Silver Kangaroo in Exclusive August 2015 Launch Packaging

There are probably not many collectors who are aware of the existence of the super rare 2016 Perth Mint 1 oz. Silver Kangaroo in exclusive August 2015 Launch packaging (see image below) –  an item that according to Bay Precious Metals “was given as a gift and not intended for resale” (see above).

2016 Australian Silver Bullion Kangaroo Launch August 2015

2016 Australian Silver Bullion Kangaroo Launch August 2015

Despite BPM’s noble sentiment, two of these coins were listed and sold at eBay last month for just shy of $200 per coin ($199 to be exact). According to the seller: “This coin was *only* given out to attendees at the official Perth Mint dinner function to launch the 2016 Perth Mint Silver Kangaroo, held at the Chicago ANA show in August 2015. Approximately 100 attendees at this event were presented with a specially packaged edition of the Perth Mint 1oz Silver Kangaroo in capsule, clamshell and box. I have never seen these offered anywhere for sale, and they are an official Perth Mint release available nowhere else. The coin is as early release as you can get – these were presented to members of the bullion industry before the Silver Kangaroo commenced shipping to distributors” (Perth Mint Silver Kangaroo – Launch Edition, RARE!, May 2016).

2016 1 oz. Kangaroo Silver Bullion Coin Special Launch Packaging with box

2016 1 oz. Kangaroo Silver Bullion Coin – Special Launch Packaging, including capsule, clamshell and box.

2016 1 oz 9999 Silver Kangaroo Reverse Special Launch Packaging

2016 1 oz 9999 Silver Kangaroo (Reverse) – Special Launch Packaging

2016 1 oz 9999 Silver Kangaroo Obverse Special Launch Packaging

2016 1 oz 9999 Silver Kangaroo (Obverse) – Special Launch Packaging

I’ve tried to establish the exact number of these 2016 Silver Kangaroos that were given away at the launch dinner in Chicago, an event hosted by BPM sister company, Coins ‘N Things (CNT Inc.), but so far – without success. The primary purpose is to have an accurate historical record for numismatic purposes, given that these Australian silver coins are legal tender and highly collectable coins.

The hunt is on. Good luck.

Update – June 21, 2016

The Coin Analyst: Australian Silver Kangaroo Series Began in 2015, Not 2016 by award-winning numismatic journalist and writer, Louis Golino.

Update – June 16, 2016

Limited mintage Silver Kangaroo made available in Australia. Be sure to get more information here.

Update – June 10, 2016

Holdfast, member at SilverStackers.com, posted the following update. I am replicating it here with his permission:

More anomalies and investigations into the 2015 Australian Kangaroo Silver Bullion Coin

*The 2015 Australian Kangaroo omitted from Perth’s pdf documents.
*Deceptive description in the pdf document. (Perth called it: Red Kangaroo)
*No mention of the 2015 Kangaroo coin on the official Perth Mint Blog.

Perth Mint Mintage pdf list Bullion coins as at 10 June 2016 page 2 Disclaimer_zpszktjyo8a

http://www.perthmint.com.au/documents/2016%20Perth%20Mint%20Bullion%20Other%20Sales%20311215%20final.pdf

Edit – Added original pdf document.

Screen shot Perth Nullion pdf mintage page_zpshhxxuert

Perth Mint Mintage pdf list Bullion coins as at 10 June 2016_zpset72sgqx

http://www.perthmint.com.au/investment-bullion-bars-and-coins-mintages.aspx

Perth Mint Disclaimer as at 10 June 2016_zpskobssfhn

http://www.perthmint.com.au/investment-bullion-bars-and-coins-mintages.aspx

No mention of the sold-out 2015 coin here.

Popular silver coin now_zpslgggnl6y

A Million Kangaroos sold per Month_zpstjyqrnkq

Perth Mint Blog 2016 Kangaroo Silver Bullion Coin_zpsz3fwd1dk

http://www.perthmintbullion.com/au/Blog/Blog.aspx?CntTagID=a97e6c96-3916-4b5f-a5ff-38ec8f43ffce

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Australian Kangaroo 2016 2oz Silver High Relief Antiqued Coin now Available for Sale at The Perth Mint