Australian Platinum Koala 1 oz
The Australian Perth Mint’s Platinum Koala series began in 1988 and was popular worldwide because it followed other world mints in creating a pure platinum coin which was also legal tender.
The series was struck in a number of sizes: 1/20th oz, 1/10 oz, ¼ oz, 1 oz, 2 oz, 10 oz and kilo size and not all of these denominations are readily available today.
The front of this popular bullion coin depicts the Queen of Australia, Elizabeth II and the reverse features the Australian Koala bear which also plays well in the Japanese jewelry trade.
The coin itself has frosted surfaces with reflective high points and the reverse displays weight, purity and date of manufacture.
Advantages of the Australian Platinum Koala 1 oz are many: (1) Because the Australian Platinum Koala 1 oz is minted and guaranteed as to weight and purity by the Perth Mint it is recognized and accepted 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 Koala 1 oz trades for a small premium over its weight value 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 Koala 1 oz is a pure platinum coin with no alloy and so allows investors to diversify their precious metals holdings and figure total value easily. (5) The Australian Platinum Koala 1 oz comes from the Perth Mint housed in a hard plastic snap holder which protects the coin’s surfaces from scratching and makes storage easy. (6) Platinum bullion investment today is growing because unlike gold there are no Central Bank Reserves of platinum and it has many industrial uses in the modern world. Major mine production of platinum comes from South Africa and Russia and according to Johnson Matthey mine output is currently in a deficit.
Finally here are no reporting requirements (Federal Form 1099B) when either buying or selling the Australian Platinum Koala 1 oz so paperwork requirements are minimized.
Visit GoldDealerCA on You Tube to see our informative videos on precious metals.