Last Updated : 03 March 2011 at 16:00 IST
Perth Mint introduces 1 oz pure platinum coin
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Issued as legal tender under the Australian Currency Act 1965, the new coin depicts a diving platypus by Perth Mint designer Natasha Muhl. No more than 30,000 coins will be issued in 2011, with all subsequent annual releases subject to the same limited mintage.
The new coin fills a gap in the Mint’s line up of investment coins, which has existed since the withdrawal of the platinum Australian Koala in 2000.
Sales & Marketing Director Ron Currie said there was renewed demand for platinum, one of the rarest elements in the Earth's crust, following a tremendous ride in 2010 which delivered double digit percentage gains to investors.
“Once again we’re pleased to be offering the Australian Bullion Coin Program in a trio of precious metals – gold, silver and platinum,” he said. “Growing interest in platinum, limited availability and a beautiful animal design provide plenty of incentive to acquire this stunning addition to the range.”
The platypus is an extraordinary member of Australia’s native animal kingdom. An egg-laying monotreme (a distinction is shares with the echidna), the platypus is found in the fresh water lakes and streams of eastern Australia where it forages for prey with a highly sensitive bird-like bill. Significant in Australian culture, the platypus appears in children’s literature, as a sporting mascot, and also on Australia’s 20 cent circulating coin.
Introduced to Perth Mint distributors during the World Money Fair in Berlin between 28 and 30 January, the 1oz Australian Platypus is available from The Perth Mint and its authorised dealers from 1 March 2011.
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