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The Australian Silver Kookaburra coin was introduced in 1990 and has since been in continuous production.
The obverse portrays the effigy of Queen Elizabeth II. The reason for picturing Her Majesty the Queen stems from Australia’s membership of the United Kingdom’s Commonwealth of Nations. By being a member of the Commonwealth, Australia has Queen Elizabeth II is its reigning constitutional monarch. Above the Queen’s effigy is the text “ELIZABETH II” and “AUSTRALIA”. Inscribed below the effigy is the nominal face value of 1 dollar and the designer’s initials “IRB” – Ian Rank-Broadley.
The reverse displays Australia’s most famous bird, the kookaburra, and above it is inscribed “AUSTRALIA KOOKABURRA”. Below the kookaburra is the year of mintage, the weight and purity. To the left is the letter “P” which stands for Perth Mint.
The Australian Silver Kookaburra coin mintage is only 500,000 pieces per year
The reason for being a favourite with two different types of investors is that the value and future price appreciation of Kookaburra coins are determined by a combination of factors. In contrast to the Austrian Philharmonics, Canadian Maple Leafs, American Eagles and other well-known legal tender silver coins, Australian Silver Kookaburra one-ounce coins have an annual predetermined maximum mintage limit. In fact, from 1990, when the first coins were issued, the maximum mintage was set at only 300,000 pieces per year, a number that would stay the same until 2011.The Silver Kookaburra is also one of the few legal tender silver coins to vary each year its main motif, the kookaburra bird. Many collectors cherish the changing motif, and likewise appreciate the excellent mint quality of the coin, the rich level of detail, and the silvery sparkle diffracted by the coin’s shiny and mat surfaces. The Silver Kookaburra coin will certainly catch the eye of anyone who admires precious artwork. All these facts contribute to making older issues of Silver Kookaburras gain value in the secondary market well above the melt value of the contained silver, a trend that is likely to continue. Testimony of the coin’s popularity is the extraordinary demand over many years which led the Perth Mint in 2011 to increase the maximum mintage limit to 500,000 pieces per year, where it has stayed ever since. But even with the larger supply, unabated demand for the Silver Kookaburra coin has caused every issue of the one-ounce coin since 2011 to be sold out.
The Silver Kookaburra coin depicts Australia’s famous Kookaburra bird
The “Kook” or Kookaburra is a bird native to Australia and, depending on the species (in total they are four), they grow to 25 to 45 cm in length and are most commonly found in humid woodlands or dry savannas. Originally, the name of the kookaburra is derived from an indigenous Australian language in which it is referred to as the “guuguubarra”. What makes the bird so charming is its unique call, which sounds like a combination of laughter and a series of long rolling “rs”.
|1 oz Australian Kookaburra 2016 Silver Coin||Silver weight|
|Weight||Nominal||Diameter in mm||Sample||Weight in g||Grams||Ounces|
|1 oz||1 dollar||40.6||999.9||31.13461||31.10347||1|