Australian Koala (2023) - 1 Oz - Silver Investment Coin

Each 1 oz Australian Perth Mint 2023 silver coin with koala motif is minted at the famous Perth Mint and contains 1 troy ounce of 999.9 fine silver. The obverse side of the coin features an inverted profile of Queen Elizabeth II on the right along with the face value. The reverse side of the coin depicts a koala on a gum tree branch with a cub.

About the Perth Mint

The Government of Western Australia owns the Perth Mint. It is famous for producing the world's largest gold coin, weighing one tonne, 12 centimetres thick and 80 centimetres in diameter. Its face value is one million Australian dollars. The motifs of the coins minted by the Australian Mint reflect their place of origin. They feature koalas, kangaroos and kingfishers. Seventeen million coins and bullion bars are sold annually to 130 countries around the world. They pride themselves on the ethical sourcing of precious metals.

History

Named after the city in which it is located, the Australian Mint has an adventurous story. It was founded in the last year of the 19th century in the heat of the gold rush that broke out in Western Australia to accelerate the minting of gold coins by the British monarchs. It was the last of the three Australian colonial branches after the now defunct Sydney Mint and Melbourne Mint. Since 1970 it has been under the government of the State of Western Australia. The world's mints take its precious metal blanks from Australia for their further processing, mainly into investment gold. Every bullion bar, coin and any other product is guaranteed by the Western Australian government. It processes 250 tonnes of silver and 300 tonnes of gold each year.