1oz Platinum Coin Platypus Perth Mint

1oz Platinum Coin Platypus Perth Mint

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Struck from 1oz of 99.95% pure platinum, since production ceased of the Platinum Koala coin in 2000, the Platinum Platypus adorns Perth Mint’s bullion platinum coin since its reintroduction in 2011. The Australian Platypus portrays the aquatic mammal diving beneath the water among the reeds and incorporates The Perth Mint’s traditional ‘P’ mintmark. Illustrating identical artistry each year, the feature design is bordered by the inscriptions AUSTRALIAN PLATYPUS, the year-date, and the weight and purity of the coin. Issued as legal tender under the Australian Currency Act 1965, the coin’s obverse features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II. Note the year of mintage and image will likely vary to that depicted.

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 (= 24 carat) 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 / insurance requirements. Refer to the ATO or your advisor for more information.
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