100x 1/20oz Gold Coin 2016 Year of the Monkey - Perth Mint
Issued as Australian legal tender, the coin’s reverse depicts an adult monkey sitting in a peach tree the peach being symbolic of longevity and immortality. The Chinese character for ‘monkey’ and the inscription ‘Year of the Monkey’ also appear in the design with The Perth Mint’s traditional ‘P’ mintmark.
The Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the 2016 year-date and monetary denomination are shown on the obverse of each coin.
These magnificent coins celebrate the Year of the Goat, the ninth animal in the 12-year cycle of the Chinese zodiac. As well as appealing to investors, these superb releases are perfect gifts for people born in the Year of the Goat – 1908, 1920, 1932, 1944, 1956, 1968, 1980, 1992, 2004 and 2016.
Lunar Year coins are produced in a limited mintage of only 30,000 worldwide each year with a different design each year making them rarer than the Kangaroos which have no limit.
Perth Mint coins come encased in a hard clear plastic case to help keep coins in pristine condition. Ainslie Bullion recommends leaving these cases un-tampered for the best preservation of value.
The Perth Mint is Australia’s leading precious metal refiner. Backed by the Western Australian Government, The Perth Mint has produced the official bullion coin program since 1987. The Perth Mint also produces a large range of high quality gold and silver bars. All Perth Mint gold products are refined to 99.99% purity and all silver products are refined to 99.9% purity. Ainslie Bullion is a Primary Bullion Distributor for Perth Mint.
Coins are a popular choice of bullion given their legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage. Refer to the ATO or your advisor for more information. Coins can make for the perfect gift as you can match the year or Lunar Year to the recipient to celebrate an event.