The 1 oz Perth Mint Kangaroo Silver Bar is a well-regarded bullion product, popular with both investors and collectors. Here are its key features:
Specifications:
- Weight: 1 troy ounce (31.1 grams)
- Purity: 99.99% pure silver (Ag). This is a high level of purity, which is a major reason for its popularity.
- Dimensions: Approximately 47.60 mm x 27.60 mm x 3.57 mm.
- Mint: The Perth Mint, Australia.
Design and Features:
- Obverse: The bar features the Perth Mint’s iconic London Bullion Market Association (LBMA) registered mark, a stylized swan. Below the logo are the inscriptions for weight and purity: “1 oz 9999 FINE SILVER.” The bar also includes a security feature in the form of a micro-laser engraved “P” mint mark within the last “9” of the purity inscription.
- Reverse: The reverse side of the bar has a repeating pattern of stylized kangaroo motifs, a design similar to the Perth Mint’s gold bullion bars.
- Packaging: Individual bars are often sold in a protective plastic pouch. Multiples of 20 are typically sold in a sealed plastic tube.
IRA Eligibility:
Yes, the 1 oz Perth Mint Kangaroo Silver Bar is IRA-eligible. It meets the strict IRS requirements for inclusion in a Precious Metals IRA:
- Purity: The bar’s 99.99% purity exceeds the minimum 99.9% requirement for silver bullion.
- Mint: The Perth Mint is a government-owned mint and is a globally recognized and accredited refiner.
- Non-Collectible: As a mass-produced bullion product, it is not considered a collectible, which is a key requirement for IRA-eligible metals.
As with any precious metals investment, the value of the bar is based on the current market price of silver plus a premium.
