Australian Gold Lunar Tiger 1 oz Series 1 – 1998
The Australian Gold Lunar Tiger 1 oz Series 1 is the third coin in The Perth Mint Australian Lunar Series Gold and Silver Bullion Coins collection. Production of the Australian Gold Lunar Tiger 1 oz Series 1 coins, as with all the 1 oz. gold coins of the Lunar Series, will be limited to 30,000 coins. The production the cap has not been reached, meaning that Australian Gold Lunar Tiger 1 oz Series 1 are available at small markups over spot. Like the 1996 Mouse and the 1997 Ox, the obverse of the Australian Gold Lunar Tiger 1 oz Series 1 bears the likeness of a young Queen Elizabeth, whereas the remaining coins in the 12-coin series carries an effigy of a mature Queen Elizabeth. The Lunar Series will end in 2007 with the Year of the Pig. All the gold coins in the Lunar Series are .9999 fine gold, and each coin comes encapsulated in plastic protective capsules.
Year of the Tiger Traits
Tiger people are sensitive, contemplative, and capable of great sympathy. Yet they can be short-tempered. Sometimes tiger people come into conflict with older people or authority figures. At times, tiger people cannot make up their minds, which can result in hasty decisions. Tiger people are suspicious types, but they are courageous and powerful. Tigers are most compatible with Horses, Dragons, and Dogs.
Other Tiger years include 2010, 1986, 1974, 1962, 1950, 1938, 1926, 1914, and 1902.
Limited Production Coins
Another reason for the Australian Gold Lunar Tiger 1 oz Series 1 coins’ popularity is that they are limited production coins. In contrast, Gold Eagles, which are the world’s best-selling 22-karat gold coins, and Gold Maple Leafs, the world’s best-selling 24-karat gold coins, are unlimited production coins. The 1-ounce Lunar Series gold coins are limited to 30,000 coins for each year and clearly have become collector favorites.
The Year 2000 1-ounce Gold Dragons, the 2001 Gold Snake and the 2002 1-ounce Gold Horses have reached their productions caps and are no longer being produced, so availability is limited to the secondary market and these coins carry premiums over the coins within the series that have not reached the 30,000-coin production cap.
Another feature that makes the Australian Gold Lunar Tiger 1 oz Series 1 so popular is that The Perth Mint can produce back-dated coins until the production cap is met. This means that the earlier coins are still available and can be purchased near bullion coin prices, permitting collectors who learn of the series late to acquire the earlier coins at bullion coin prices. The policy of minting coins from earlier years is unique to The Perth Mint and for only the Lunar Series coins.
Somehow, 30,000 became a magical number for the Australian Gold Lunar Tiger 1 oz Series 1. The number is large enough for broad investor interest but small enough that at attainment of production caps, they pick up premiums.
Shortly after the year 2000 1-ounce Dragons reached their production cap in the summer of 2001, they picked up premiums in the secondary market. The year 2002 1-ounce Gold Horses reached the production cap in the spring of 2005 and also picked up premiums in the secondary market. However, the 1-ounce Gold Dragon carries the highest premium, the dragon essentially being China’s icon. The year 2001 1-ounce Gold Snakes has also hit the production cap and may experience a likewise increase in premium.
Queen Elizabeth II Matures
By law, the Lunar Series coins have to display the image of Her Royal Majesty Queen Elizabeth II on the obverse. When the series started in 1996, the official likeness of the Queen was younger. In 1999, however, Buckingham Palace changed the official likeness to a mature Queen, which is carried forward into the Lunar II series.
The change resulted in the first three years’ coins (1996, 1997, and 1998) having the image of the younger Queen Elizabeth and with the later coins having the mature image. In years to come, after the Series has closed, this uniqueness could stimulate greater interest in the Series in Great Britain and those countries that used to be part of the British Empire.
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