During volatile economic times, more people are turning to investing in precious metals. That is because, for at least the last 100 years, the value of metals like gold and silver has consistently outpaced the rate of inflation.
If you are just starting out in metal investing, you may have no idea where to start. Whether you are brand new or an old hand, you may be interested in the Kangaroo Silver Coin.
The guide below tells you everything you need to know about this item. It will help you determine if Bullion from Down Under is the right investment for you. Keep reading to learn more.
Kangaroo Silver Coin Basics
The Kangaroo Silver Coin is a product of The Perth Mint. Production of this 1-ounce coin began in 2015 (although other editions go back to 1993). It has remained Australia’s Iconic Silver Bullion coin, as well as the nation’s highest mintage bullion investment coin, since that time.
Kangaroo Silver Coins contain 99.99 percent fine silver. It is of legal tender in Australia, with a face value of $1.
The coin features the red kangaroo design rendered by the late Stuart Devlin, who was a prominent Australian artist and metalworker. As a security feature, this side of the coin also contains a micro-engraved letter that is only visible using a magnifying glass. The reverse side of the coin features a rendering of Queen Elizabeth II designed by the renowned British engraver Jody Clark.
Why Invest in Kangaroo Silver Coins
Silver, in general, has grown in popularity. It is much cheaper to buy than gold, which makes it more accessible to some investors who are starting out. Due to its many uses, including in batteries, appliances, medical equipment, as well as currency, silver holds its value relative to economic growth.
While silver’s value can fluctuate more than gold, it is still a stable source for storing value. This is in part because of its use as currency. For thousands of years, silver’s value has never dropped to zero.
Due in part to its artwork, the Silver Kangaroo has remained a popular choice for collectors, which also makes it a good investment. The fact that it is legal tender makes it extremely liquid as well.
Finally, the Perth Mint is a trusted source of silver coins. It is accredited through the London Bullion Market Association, an independent authority on precious metals.
The Perth Mint also holds other accreditations in various global markets, including the New York Commodity Exchange. It also is one of the few mints that, year after year, refines gold and silver to 99.99 percent purity levels.
Learn More About Kangaroo Silver Coin Investing
Now that you understand the ins and outs of investing in the Kangaroo Silver coin, you can determine if it is the right choice for you. A qualified precious metal investor can further advise you on the best options for your unique metal investing goals.
CMI Gold and Silver is one of the oldest gold and silver dealers in the United States. Our goal is to educate and guide customers in investing in metal while offering the lowest prices possible. Read more online or contact us today with any questions.