Australian Silver Kangaroo facts for kids

Quick facts for kids
Silver Kangaroo

Australia
Value	1 AUS
Mass	(1 troy oz)
Diameter	40.60 mm
Edge	Reeded
Composition	99.99% Ag
Years of minting	1993–present
Obverse
Design	Queen Elizabeth II
Designer	Raphael Maklouf
Design date	1993
Reverse
2017
Design	Kangaroo
Designer	Horst Hahne
Design date	1993

The Australian Silver Kangaroo is a special silver coin made in Australia. It's produced by the Royal Australian Mint in Canberra. This coin is made of one troy ounce of pure silver. It is also a legal tender coin, which means you can use it to buy things in Australia, just like regular money!

What is the Australian Silver Kangaroo Coin?

The Australian Silver Kangaroo is a type of bullion coin. This means it's made mainly for its metal value, not just for spending. People often buy these coins as an investment. They hope the value of silver will go up over time.

History of the Silver Kangaroo Coin

The first Australian Silver Kangaroo coin was made in 1993. Since then, new versions have been released every year. These coins are usually made in two main styles:

• Proof coins: These are specially made coins with a shiny, mirror-like finish. They are often collected for their beauty.
• Frosted uncirculated coins: These coins have a matte or "frosted" look on some parts. They are also made for collectors.

Sometimes, special versions with parts covered in gold have also been made. These limited editions started in 2003.

How Pure is the Silver Kangaroo?

The purity of a coin tells you how much pure metal it contains. When the Silver Kangaroo coin was first made, it was 99.9% pure silver. This means that out of 1,000 parts, 999 were pure silver.

In 2015, the Royal Australian Mint made the coin even purer. Now, it is 99.99% pure silver. This means it has 9,999 parts of pure silver out of 10,000. This makes it one of the purest silver coins available.

See also

• Bullion
• Bullion coin
• Inflation hedge
• Types of Silver Coins