Australian Gold Lunar Horse 1 oz Series 1 2002
The Australian Gold Lunar Horse 1 oz Series 1 2002 is the seventh coin in The Perth Mint Australian Lunar Series. All the gold coins in the Lunar Series are .9999 fine gold, and each coin comes individually encapsulated in a plastic protective capsule.
The Australian Gold Lunar Horse 1 oz Series 1 reached their production cap of 30,000 and now sell at premiums in the secondary market.
People born in the Year of the Horse are popular because of their admirable attributes. In addition to being cheerful, skillful with money, and perceptive, they are wise, talented, and good with their hands. Sometimes, however, Horse people talk too much and have a weakness for members of the opposite sex. Independent and rarely listening to advice from others, Horse people are most compatible with Tigers, Dogs, and Sheep.
Another reason for the Australian Gold Lunar Horse 1 oz Series 1 popularity is that they are limited production coins. The 1-ounce Lunar Series gold coins are limited to 30,000 coins for each year and clearly have become collector favorites.
Another feature that makes the Australian Gold Lunar Horse 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.
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.
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