Silver Price Australia
Conversion : 1 troy ounce = 31.1034768 grams
Australian Dollars 24 Hour Spot Silver Price
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Silver Price Australia
Australia is known for its culture, its scenic beauty, its wildlife and its natural resources. Metals like gold, silver and platinum can all be purchased in “The land down under” at local coin shops or from online dealers. If you are looking to buy silver in Australia, you will likely see prices quoted per ounce, gram or kilo. Quotes will likely be in the local currency, the Australian Dollar but may also be available in other key currencies such as the U.S. Dollar, the euro or the Great British Pound.
The Australian Dollar is the official currency of Australia and it is controlled by the Reserve Bank of Australia. Each Australian Dollar, commonly referred to as the “Aussie,” can be subdivided into 100 cents. Australia’s currency is one of the most popular in the world among traders for its perceived government and economic stability, relatively higher interest rates, diversification potential and more.
Many different types of silver bullion products and collectibles can be bought in Australia. The Perth Mint, located in Western Australia, is the nation’s largest precious metals enterprise and one of its largest exporters. The mint exports some $18 billion of gold, silver and platinum products annually to customers in over 100 countries. Through many years of production, the Perth Mint has earned a global reputation for quality beauty and craftsmanship. Many of the mint’s designs feature key species native to the country. The Perth Mint Wildlife series and Perth Mint Kookaburra series are prime examples of the design work and overall artistry that the mint has become so well-known for.
Australian silver coins and bars can make a great addition to any portfolio or collection for several reasons. Bars carry some of the lowest per-ounce premiums available. If you are simply looking to acquire as many total ounces of silver as possible, then bars may be your best bet. Many Australian silver coins come in both bullion as well as proof versions, and also come in numerous weights. Although the 1 ounce weight may be the most popular, fractional sizes such as ¼ ounce may also be available for some series. Smaller weights may make the coins relatively more affordable, opening the door to more investors.
Australian coins also offer some of the most visually appealing coins on the market today. If you are looking to diversify your collection or portfolio with some truly beautiful coins, then you have numerous choices available. Australian silver coins are also considered good, legal tender and carry varying face values based on weight.
Australian proof coins may carry higher premiums, but also offer a distinct finish that is not seen on bullion coins. This is due to the fact that proof coins are struck not once but multiple times, giving them a very crisp, clean finish. Although proof coins may typically cost more, they are considered the most visually appealing and can not only see an increase in value due to their metal content but may also see increasing values if their collectibility premium increases.