Platinum is a particularly rare commodity, trading in a market characterized by extreme and unpredictable volatility. This is mainly due to the fact that platinum is basically an industrial metal with only 20 % of the total world production going to investment, trading in the form of coins, bars, and ingots. Purchasing platinum bullion is a very challenging option, but with high rewards for the prudent investor.
Platinum has been declared by King Louis XVI of France as the only metal “fit for kings”, associated with prestige and wealth, famed for its incredible brilliance.
The exquisite Platinum Koala
The Platinum Koala is an Australian platinum bullion coin minted by the Perth Mint. It is the most famous amongst official, legal tender platinum coins of Australia. Being the first prominent country in the modern world to announce the production of one-ounce platinum coin issues, Australia approved the minting of platinum coins on June 18, 1987.
This decision was made based on the success of gold coins issued a year earlier.Upon the Australian government’s approval, the minting of the coin began in September 1988 in Perth and in 1989 the Platinum Koala became the first internationally tradable investment platinum coin. It is part of the Discover Australia programmethat showcases Australia’s stunning fauna, and was later enriched with the Platinum Red Kangaroo, the Platinum Kookaburra, the Platinum Platypus, and other editions of limited mintage platinum coins.
Platinum Koala coins are .9995 fine and were initially available in 1 oz., 1⁄2 oz., 1⁄4 oz., and 1⁄10 oz. sizes. For marketing purposes, 2 ounce, 10 ounce and 1 kilogram platinum coins were introduced in 1991; the 1 kg coins were the world’s heaviest bullion coins at the time.
The 1 oz. Platinum Koala is 32.1 mm. in diameter, it is 2.7 mm. thick, and has a face value of AUS$ 100.
The obverse of Platinum Koalas features a portrait of the Queen of Australia, along with the inscriptions “ELIZABETH II”,”AUSTRALIA”, and one with the face value of the coin. The reverse side features a different yearly depiction of a koala; it bears the inscription “THE AUSTRALIAN KOALA” and others mentioning the coin’s denomination, purity, year of issue as well as the designer’s initials.
The initials JB of designer James Brown are present on most coins. Other designers of the coin include Raphael Maklouf (1990, 1991, 1996, 1998), Miranda Cornell (1998) and Darryl Bellotti (2010). The feature of alternate designs, together with the small number of coins in each issue, decisively add to the coins’ collectible and numismatic value.
Like most investment platinum coins, Platinum Koalas are sealed in a protective plastic case. Up to date, the Perth Mint has used more than 18 tonnes of platinum for minting bullion coins. About 85% of them were sold abroad.
The Perth Mint’s unbeatable minting expertise and use of advanced manufacturing technology and design artistry, contribute to the production of high quality, impeccably designed collectible platinum coins in small mintages that should definitely be part of your portfolio.
What’s more at coininvest.com you can find the exquisite Platinum Koala coins at truly great prices.