Australian Platinum Kangaroo 1 oz
The Australian Platinum Kangaroo 1 oz is a newcomer to the world competition now in play for the most popular pure platinum coin which is also legal tender.
The front of this popular bullion coin depicts the Queen of Australia, Elizabeth II in a beautiful cameo relief with the following around her portrait – ELIZABETH II AUSTRALIA 100 DOLLARS while the rest of the coin features a matte security finish. The reverse of the coin is also very security minded featuring the kangaroo in cameo and the following embedded around the edges – AUSTRALIAN KANGAROO 2018 1 OZ 9995 PLATINUM
Advantages of the Australian Platinum Kangaroo 1 oz are many: (1) Because the Australian Platinum Kangaroo 1 oz is minted and guaranteed as to weight and purity by the Perth Mint it is recognized as a world standard. This allows dealers to post daily buy and sell prices on the beautiful 1 oz coins which follow the world price of platinum. (2) The Australian Platinum Kangaroo 1 oz trades for a small premium and its legal tender status is a plus because it is guaranteed by a sovereign country. (3) Because the Perth Mint produced a significant number of these bullion coins the premium over spot remains low and attractive to those who only want a bullion investment. (4) The Australian Platinum Kangaroo 1 oz is a pure platinum coin which allows investors to diversify their precious metals holdings and figure value easily. (5) The Australian Platinum Kangaroo 1 oz comes from the Perth Mint housed in a hard plastic holder which protects the coin’s surfaces from scratching and makes storage easy. (6) Platinum bullion investment today is growing because there are no Central Bank Reserves and it has many industrial uses. Major mine production of platinum comes from South Africa and Russia which are subject to political unrest.
There are no reporting requirements (Federal Form 1099B) when buying or selling the Australian Platinum Kangaroo 1 oz .
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