The Perth Mint has released a new silver bullion coin featuring the Australian Funnel-Web Spider to continue its new theme of deadly animals featured on the nation’s investment coin series.
Perth Mint Sales and Marketing Director, Ron Currie said, “People all over the world are fascinated with Australia’s dangerous creatures and we’re delighted to offer the notorious Funnel-Web Spider coin to our network of established clients and new investors.”
The new 1 oz 99.9% pure silver bullion coins follow last year’s release featuring the Saltwater Crocodile, which sold out of its one million coin mintage within three months.
Australia has more than 40 species of Funnel-Web Spiders 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 toenail. 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 new coin features a large image of the funnel-web spider, displaying its sprawled legs and hairy body. The inscriptions include “Australian Funnel-Web Spider”, “2015”, and “1 oz 999 Silver”.
The obverse design of the coin features the Ian Rank-Broadley effigy of Queen Elizabeth II and the monetary denomination of “1 Dollar”. The silver bullion coin is issued as legal tender under the Australian Currency Act of 1965.
Each coin is struck in 1 troy ounce of 99.9% pure silver with a diameter of 40.60 mm. A maximum mintage of 1,000,000 pieces worldwide has been established.
The 2015 Australian Funnel-Web Spider 1 oz Silver Bullion Coins are presented without capsules and placed within protective tubes. The tubes 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.