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Perth Mint Releases New Funnel-Web Spider Bullion Coins


The Perth Mint has released a new Australian Funnel-Web Spider bullion coin to enhance its new theme of deadly animals now featured on the nation’s investment coin issues.

Meticulously struck from 1oz of 99.9% pure silver, the latest edition to the Australian Bullion Coin Program has been released on the success of the 2014 Saltwater Crocodile bullion issue, which sold out of its one million mintage within a record three months.

Perth Mint Sales and Marketing Director, Ron Currie said that the Funnel-Web Spider 1oz silver bullion release is an affordable choice for investors who wish to add silver to their asset portfolios.

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, he commented.

Male Sydney funnel web spider
Male Sydney funnel-web spider (Atrax robustus) in warning posture (photo: https://en.wikipedia.org/wiki/User:Tirin)

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 coin’s reverse features a large funnel-web spider, displaying its sprawled legs and hairy body. The design also includes the inscription AUSTRALIAN FUNNEL-WEB SPIDER, the 2015 year-date, the coin specifications, and The Perth Mint’s traditional ‘P’ mintmark.

Issued as legal tender under the Australian Currency Act 1965, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination.

The Perth Mint will release no more than 1,000,000 of this highly anticipated release worldwide in 2015. With a minimum order quantity of 25, these bullion coins are presented without capsules in protective tubes, which are each sealed with a Perth Mint branded tamper evident security seal.

The 2015 Australian Funnel-Web Spider 1oz Silver Bullion Coin is available from The Perth Mint Bullion Trading Desk at 310 Hay Street in East Perth, on the BullionLine 1300 201 112 (Australia), +61 8 9421 7218 (International) or at perthmintbullion.com. Investors can also check the availability of the release with leading bullion coin dealers.

Perth Mint
Perth Minthttps://www.perthmint.com/
The Perth Mint is Australia’s largest and most highly accredited precious metals enterprise. Through its integrated operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over. Operating the largest refinery and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint holds endorsements by commodity trading centres in London, New York, Tokyo, Shanghai and Dubai. The Perth Mint exports in excess of USD14 billion worth of bullion bars and coins to institutional and private investors in more than 130 countries each year and issues an array of legal tender commemoratives for collectors. Offering the world’s only government guaranteed precious metals investment and storage program, the Mint also manages approximately USD3 billion worth of metal held on behalf of some 40,000 clients. Still operating in its original premises, founded in 1899, The Perth Mint is also a premier tourist destination and home to the Guinness Book of Records certified largest coin in the world – the Australian Kangaroo One Tonne Gold Coin, worth more than USD 40 million.

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