If you’ve been searching for the right kind of precious coins to add to your investments then the Australian Silver Florin Coin may just be for you.
These coins have the value and history that most people just can’t resist when they want to invest in precious metals. This review will give you all of the information that you need to know about the Australian Silver Florin Coin as you consider it.
It’s a great addition to any portfolio and you’ll never regret the act of buying them. They look great and they have plenty of value for you.
Australian Silver Florin Coin Details
- Composition: 2 troy ounces .9999 fine silver (99.99% pure silver)
- Dimensions: 40.9 mm diameters; 6.02 mm thickness
- Manufacturer: The Perth Mint
- Minting Location: Australia
- Obverse Design: “Fifth Portrait” of Her Majesty Queen Elizabeth II by Jody Clark beneath a smaller effigy of King Edward VIII
- Reverse Design: 1908 Australian Commonwealth coat of arms, designed by William Henry James Blakemore
- Face Value: AUD$2
- IRA-Eligibility: Eligible to be held in IRA
Historical Facts About The Australian Silver Florin Coin
The history of the Australian Silver Florin Coin goes all the way back to the reign of Edward III, in England, between the years 1327 and 1377.
The very first Australian Silver Florin Coin was minted in 1910 and matched the size and weight of Florins in the United Kingdom. That means that the original Australian Silver Florin Coin has a value of 24 pence, or $.32 USD.
Between the years 1910 and 1945, Australian Florins had a .925 content of sterling silver. They weighed about 1/3-ounce. In the years between 1946 and 1963, the silver content of the coin was decreased to just 50% silver.
It was last minted in 1963 as the country got ready for the decimalization of their currency. The new version was created in 2021 by the Perth Mint and currently has a face value of $2 AUD and a weight of 2 troy ounces. It is now also made from 99.99% pure silver.
The New Design
What’s really great about the Australian Silver Florin Coin is the new design. The obverse of the coin shows a portrait of Queen Elizabeth II.
This portrait, by Jody Clark, is well-recognized and referred to as the “fifth portrait” of Her Majesty Queen Elizabeth II. The Queen is looking to the right of the coin, adorned in her crown and a necklace. She is centered along the bottom half of the coin.
Above the Queen’s head, there is a smaller portrait of King Edward VIII. His portrait was added to the coin to pay homage to the courage he displayed during World War I. A circular border surrounds the two portraits on the obverse of the Coin. It reads “Elizabeth II Australia” and lists the weight and purity level , year, and face value.
The coin’s reverse depicts the 1908 coat of arms of Australia, which is the first coat of arms designed for the Commonwealth. The design features a kangaroo and an emu holding up a shield. The shield displays the Cross of St. George and displays five stars to represent the five Australian states.
“Advance Australia” is written on a banner beneath the coat of arms, and the seven-point star of Federation is shown above it. Additionally, the year 1910 is marked on the reverse to commemorate the original minting date of the first Australian Florins.
The Coin Value
The value of the Australian Silver Florin Coin is based on the spot price of silver and varies greatly. It’s best to talk to a precious metals dealer to get the current value of the coin.
Adding Australian Silver Florin Coins To An IRA
Given the purity levels of the Australian Silver Florin Coin, it is eligible to be added to your IRA. It is at least 99.9% pure and ready to be added.
The best way to get your hands on these coins is through a licensed dealer of precious metals. Make sure you find a reputable one who will sell it to you for the correct price. Otherwise, you may end up paying more than you otherwise should.
Is The Australian Silver Florin Coin Worth It?
The Australian Silver Florin Coin is very much worth your investment. It will be a great addition to your IRA and is 99.99% pure. It’s a great option and has plenty of history to go around.
The best part is that you won’t have to worry about a fluctuating market. It will always be the same value as silver and you can rest assured that your investment will stay with you for the rest of your life. If you want to add silver to your portfolio then you really can’t go wrong with this one.