The 2022 Silver Kangaroo is issued by the Perth Mint and its design has a red kangaroo on the reverse with Ian Rank-Broadley’s portrait of Queen Elizabeth II on the obverse.
The coins also have the ‘P’ mintmark from the Perth Mint and its year of production.
It is made from 1 troy ounce of silver and has a face value of A$1.
The Silver kangaroo was first minted in 1993 and this is one of the few minted coins in the world that changes design every year, making the coin very collectible.
Because of the change of design and the limited numbers produced, this is an extremely collectible coin.
Each coin has a micro-engraved ‘A’ within the word ‘Australia’ that is only visible under magnification.
An animal synonymous with everything Australian, the kangaroo is the largest marsupial in the world.
The kangaroo hops on its hind legs and uses its large muscular tail for balance. It is one of the only animals in the world that is unable to move backwards
The kangaroo is so iconic that it is found in the Australian national emblem with the emu either side of the official coat of arms.
The 1oz Silver Kangaroo is one of the best known foreign silver bullion coins. The annual design change enables the coin to have a wide appeal from both investors and collectors, while costing less than many more limited edition silver coins like the UK lunar series. If it’s a recognisable 1oz silver coin you desire for as little money as possible, then the Kangaroo will certainly provide this value.
For UK investors, it may also be worth considering the Britannia which commands a similar premium but has the advantage of being Capital Gains Tax free too. If your investment size is modest then your annual CGT allowance will enable you to pair Kangaroos with other foreign value coins such as the Maple Leaf and Philharmonic without any tax penalty upon disposal.