{"id":3630,"date":"2016-08-05T14:55:29","date_gmt":"2016-08-05T18:55:29","guid":{"rendered":"http:\/\/blog.silver-investor.com\/?p=3630"},"modified":"2018-06-10T10:54:46","modified_gmt":"2018-06-10T10:54:46","slug":"silver-kangaroo-coins-sales-surge-to-over-10-million","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/silver-kangaroo-coins-sales-surge-to-over-10-million\/","title":{"rendered":"Silver Kangaroo Coins \u2013 Sales Surge To Over 10 Million"},"content":{"rendered":"

 
\nSilver Kangaroo Coins \u2013 Sales Surge To Over 10 Million<\/span><\/strong>
\n<\/span>
\nSilver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year.
\n

Silver Kangaroo Coins 1 oz (2016)<\/figcaption><\/figure>\nIntroduced to the market less than 11 months ago in September 2015 at a launch attended by GoldCore, sales of the new release Perth Mint\u2019s 2016 Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5 million coins in their introductory first year. Yet sales of the silver coins have already surged to a whopping 10 million coins.
\nCommenting on the new silver coin\u2019s worldwide success, the CEO of the Perth Mint, Richard Hayes said:
\n\u201dNow that we can better gauge the popularity of the release, we predict sales in excess of 12 million this coming year.\u201d<\/em>
\nThe Kangaroo coin is 0.9999 fine silver and it is only available in the 1 ounce size, unlike the Perth Mint\u2019s other bullion coins which range in weights from 1\/2 ounce to 10 kilograms. The 1 ounce weight was specifically selected for the new annual series because investors and silver stackers favour the size.
\n\u201cThese issues sell out of their limited mintages consistently each year,\u201d the Mint said. \u201cWith this in mind, the Silver Kangaroo was issued in a 1 ounce weight only and to an unlimited mintage.\u201d<\/em>
\n
Added as a counterfeiting measure, the first A of AUSTRALIAN includes a micro-engraved \u2018A\u2019 that shows up under magnification<\/figcaption><\/figure>\n\u201cWe made sure that the new Kangaroo satisfies investors\u2019 key aims \u2014 to secure an asset which features an Australian icon \u2014 to secure silver at an affordable price \u2014 to add 9999 fine silver to their portfolio \u2014 and to stack precious metals in convenient one ounce coins,\u201d Hayes said.<\/em>
\nBullion buyers and silver \u201cstackers\u201d in particular continue to accumulate. They see silver at below $30 per ounce as good value vis a vis gold ($1,360 per ounce), stocks and many other investments. Many believe, like GoldCore, that silver will surpass $50 per ounce again and should reach levels above $100 per ounce given the very favourable fundamentals of very little supply and robust demand.<\/p>\n


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  Silver Kangaroo Coins \u2013 Sales Surge To Over 10 Million Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year. Introduced to the market less than 11 months ago in September 2015 at a launch attended by GoldCore, sales of the new releaseMore<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"\nSilver Kangaroo Coins \u2013 Sales Surge To Over 10 Million<\/title>\n<meta name=\"description\" content=\"Silver Kangaroo Coins \u2013 Sales Surge To Over 10 Million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/silver-kangaroo-coins-sales-surge-to-over-10-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Kangaroo Coins \u2013 Sales Surge To Over 10 Million\" 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