On 1st November 2011 the Perth Mint is set to release their new Australian Silver Koala Coin for 2012, a fixure of the Mint’s yearly releases since 2007.
Since the first silver Koala coin was released, each year has featured a new reverse design, which has gone a long way to increase its appeal to collectors the world over.
The new reverse design features the iconic koala asleep on the branch of a eucalyptus tree and is struck in 999/1000 silver to a proof finish. It will be made available in four different sizes, including 1 kilo, 10 ounce, 1 ounce and 1/2 ounce.
Ever popular, demand is likely to be high for the coins. Indeed, the Perth Mint has sold out of its 2011 1oz Silver Kookaburra, even after the mintage was raised from 300,000 to 500,000 in 2010. We reported at the beginning of September that Production of the 2012 1oz Silver Year of the Dragon coins was stopped, officially due to high demand, but amidst speculation of a shortage of silver at the Mint. Furthermore, the continuing popularity of gold has also seen the 2011 2oz Gold Kangaroo coin sell out.
One can only expect 2012 to be an even more significant year for the Perth Mint, with issues from the forthcoming Queen’s Diamond Jubilee likely to increase demand.