The Australian 'Series Two' 2016 Australian Chinese Lunar Calendar Year of the Monkey silver bullion coins, by the Perth Mint, were released on 5th October, 2015. This is an investment product.
Due to the high demand for silver products, the Perth Mint were forced to delay production on the 10oz and 1kg lunar coins on and off for several months so they could concentrate on other sizes. This lead to a sporadic supply. So as not to dissapoint distributors, the Perth Mint have allocated a limited amount of the coins to each distributor. Due to the delay and the limited run on the coins, it means the 2016 10oz silver monkeys and the 2016 1kg silver monkeys have some of the lowest mintage figures of the lunar series. We will not know the exact figure until later in the year but we will be interested to see what they are when they are published at the end of the year. We received our stock of the coins on Wednesday 6th July, 2016.
The obverse features the Ian Rank-Broadley fourth portrait of Queen Elizabeth II. Even though a fifth portrait was of the Queen was unveiled in 2015, the coins still feature the fourth portrait, so as to keep them inkeeping as other coins in the series.
The reverse design shows an adult and baby monkey sitting in a peach tree. The baby is holding a peach, which is said to represent immortality.
|Actual Silver Weight||32.15 Troy ounces|