Tag Archives: kookaburra

What are bullion coins? Basic Class 1

Dragon Silver Coin

Dragon Silver Coin

The Perth Mint is the official supplier of Australian Bullion coins with the Royal Australian Mint concentrating mainly on circulating coins (the coins you will find in your change).

Australian Bullion coins are composed of Gold, Silver or Platinum. These are released every year with a different design making them one of the few bullion type coins to change design each year.

They are of a specimen or uncirculated quality. They are known as bullion or specimen coins.  In other words they are not finished to the polished mirror like finish you will find in proof coins but are of a better quality than coins issued for circulation.

These specimen bullion coins cover the Kookaburra, Koala and Lunar releases. They have relatively high mintage numbers and are released worldwide. They come in capsules with no Certificate of Authenticity (COA) or packaging box.  The mint last year also released a new type of bullion coin that comes in a tube, similar to the US Eagle coins.  The first design been a saltwater crocodile. Continue reading

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