The Perth Mint has introduced a new silver bullion coin featuring the Australian Saltwater Crocodile. The coins carry a limited mintage and are packaged in tubes which contain an interesting new security feature.
The saltwater crocodile is the largest of all living reptiles and is found in suitable habitats from northern Australia through Southeast Asia to the eastern coat of India. The males of the species can grow to 7 meters in length and weight over 1,000 kilograms. Females are much smaller and reach only 4 meters in length and 100 kilograms in weight. The Saltwater Crocodile is an extremely formidable and opportunistic predator capable of killing almost any animal that enters its territory. Due to their size and distribution, they are the most dangerous of all crocodiles to humans.
The reverse design features an image of the saltwater crocodile with it mouth open and sharp teeth displayed. The inscriptions include “Australian Saltwater Crocodile”, “2014”, and “1 oz 999 Silver”. The obverse design features the Ian Rank-Broadley effigy of Queen Elizabeth II with the Australian legal tender denomination of “1 Dollar”.
Each coin is struck in 99.9% pure silver with a weight of 31.135 grams and diameter of 40.60 mm. There is a maximum mintage of 1,000,000 pieces.
The coins come packaged in tubes of 25 coins, with 20 tubes placed in a monster box of 500 coins. An interesting feature is that the tubes carry a tamper evident security seal. The undisturbed seal would provide some assurance that the coins included in the roll have not been handled or cherrypicked for high grade specimens.
The new Australian Saltwater Crocodile Silver Bullion Coins are being exclusively distributed within North America by CNT (Coins ‘N Things). It seems like CNT will handle distributr on a wholesale basis, meaning that the coins should be available at the retail level from a variety of coin and bullion dealers.