2023 1oz Silver Kangaroo

2023 1oz Silver Australia Kangaroo Coin

We expect the 2023 Silver Kangaroo to be released some time in late 2022 in line with previous years. Be one of the first to own this famous coin by clicking ‘notify me when back in stock’.

The 1oz Silver Kangaroo is a brand new silver bullion coin minted by the Royal Australian Mint. Bulk orders will come in tubes of 25 and monster boxes of 250.

The 2023 Silver Kangaroo will be  issued by the Perth Mint and we expect its design to have 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.

Coin History and Mintage

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.

Kangaroo

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.

Our Expert Opinion

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.