50kg of 1966 50c rounds
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50kg of 1966 50c rounds

AUD$32774.64
qty
Great value Aussie classic
Available by 1kg, 5kg, 10kg or 50kg at a discount. Each kg contains 800g of silver.

The classic 50c round coin from 1966 has developed an almost cultish following amongst silver investors. Containing 80% silver it was the only year they were produced as silver’s price made them unviable to replicate as the bullion value exceeded the face value and they were removed from circulation and replaced with the dodecagonal coin we know and recognise now, still with the same Australian Coat of Arms reverse.

A total of 36.45 million coins were minted with 14 million put into circulation. Each coin weighs 13.28g with 10.62g or 0.3415oz of pure silver. The balance of the coin’s weight is copper, introduced for durability in general circulation.

Their popularity derives from a combination of rareness, legal tender status, durability, and tradability.

Often used as a classic example of how precious metals are money, not modern currency, this coin would buy your lunch in 1966; the silver content still will; yet a ‘tin’ modern 50c coin will barely pay for the sauce to put on your lunch.

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 mintage year or Lunar Year to the recipient to celebrate an event.
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