The Perth Mint has introduced a new silver bullion coin featuring the Australian Funnel-Web Spider. This continues a new theme of deadly animals featured on 1 oz silver bullion coins, following last year’s successful launch of coins featuring the Saltwater Crocodile.
Australia has more than 40 species of Funnel-Web Spider with several renowned for their highly toxic and fast-acting venom. The most infamous is the aggressive Sydney Funnel-Web, with its fangs said to be longer than that of a brown snake and so powerful that they can pierce a human’s toenails. The venom of the male Sydney Funnel-Web is approximately five-times more painful than that of the female of the species, making it the most likely candidate for at least 13 human deaths prior to the introduction of anti-venom in 1981.
The reverse design of the coin features a bold image of the funnel-web spider, displaying its sprawled legs and hairy body. Inscriptions read “Australian Funnel-Web Spider”, “2015”, and “1 oz 999 Silver”. The obverse features the Ian Rank-Broadley effigy of Queen Elizabeth II with an inscription of the legal tender denomination.
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.
Similar to the previously released Saltwater Crocodile bullion coins, the Funnel-Web Spider coins are presented without capsules in protective tubes, which are sealed with a Perth Mint branded tamper evident security seal.
These coins will be available from the Perth Mint bullion website and from many bullion coin dealers.