Australian Gold Lunar Snake 1 oz Series 1 – 2001
The Australian Gold Lunar Snake 1 oz Series 1 coins’ 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 because the series offers a number of different and popular animals and so lends itself nicely to building a “set” of coins over the years. These gold coins are 9999 pure and so are attractive to a world wide audience. And the Perth Mint houses these matte finished coins in a hard plastic holder to protect its surface and provides a number of anti-counterfeiting devices on the coin which are incorporated beautifully into its design.
Another feature that makes the Australian Gold Lunar Snake 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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