South African Mint 2021 Silver Bullion Krugerrand Coin – 1 oz
$75.45 /unit AUD
305 in stock
$683.18 /unit
Buy Back Price: $555.45
Metal Content (Troy oz) | 10 |
Fineness (% purity) | 99.9 |
$683.18 /unit
16 in stock
Silver coins function extremely well as a store of value and a medium of exchange and as such may be considered to be a highly efficient currency. Owning physical Silver coins ensures that you have no third party liability or any risk of default, as you don't require other parties to make good on contracts or guarantees as is the case with investments such as bonds or stocks.
Silver, like Gold, may be viewed as a safe-harbor investment because it is a hard asset. Silver may also be utilized as an alternative currency to fiat currencies such as the Australian Dollar. Similar to Gold, Silver is widely accepted as a good hedge against inflation and rising prices.
Gold Stackers Australia offers a wide range of low premium Silver Coin investment options including bullion from The Royal Canadian Mint, The Perth Mint, Pamp Suisse as well as generic Silver Coins of different denominations and weights and low cost Pool Allocated options.
The prize of Australia's bullion mints, The Perth Mint is fully owned and controlled by the Western Australia Government and has been around since 1899, even before the creation of the Australia's Federation in 1901. As a former branch of the UK's Royal Mint, it has survived well beyond that of the Sydney and Melbourne Mints which have long since closed, though in their heyday were refining gold during the period of the gold rush and minting a variety of sovereigns for the British Empire. The Perth Mint has been issuing coins even longer than the Royal Australian Mint which similarly produced legal tender in the way of Australian dollar coins.
The Perth Mint's 8,400 sq m (90,000 sq ft) state-of-the-art production facility at 310 Hay Street in East Perth is located right beside the original and iconic building made of limestone. Providing a combination of services to the ever-growing global gold industry including both refining and manufacturing of gold bullion bars and coins and numismatic applications for both local, national and international coin collectors and investors. Australia's legal tender is almost entirely produced and marketed at The Perth Mint and comprises precious metal coins including Platinum Koala Coins, Silver Kookaburra Coins, Swan series coins, Australian Nugget gold coins and a host of other widely acclaimed and eagerly sought after bullion products.
The Perth Mint is responsible for approximately 80% of gold and 30% of silver production in Australia and uses a combination of nationally sourced and internationally sourced precious metals to mint both bars and coins in Australia, which represents a staggering 10% of global production. Annual bullion sales including Platinum, Silver and Gold are close to A$20 billion.