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An Australian Silver Kookaburra coin is a one-ounce silver bullion and collector piece issued by the Perth Mint. It has been produced annually since 1990 and is one of the world’s best-known modern specimens.
If you want to identify foreign coins of this kind, try downloading Coin ID Scanner.
Kookaburra Silver Coin Overview
Origins and Purpose
When the series launched in 1990, the idea was to create a money piece backed by a government mint that would change its design every year. At the time, most bullions reused the same imagery annually. The Kookaburra broke that pattern.
Design Concept
Reverse always features a kookaburra, an Australian bird known for its distinctive call. The pose, setting, and style change every year—perched on branches, flying, resting, or interacting with the landscape.
Obverse carries the effigy of the British monarch, which is an Australia’s constitutional system. The portrait updates with each reign.

Specifications
Metal content: 1 troy ounce
Purity: Early issues are .999 fine silver; later years moved to .9999 fine silver
Legal tender: Fully backed by the Australian government
The Australian Kookaburra silver series is issued in multiple weights and formats each year. All are struck in high-purity metal with annual reverse designs, but their weights, sizes, and face values differ.
Related article: Mexican Libertad Value.
Weight Type | Total Weight (g) | Metal Weight (g) | Diameter | Thickness | Face Value |
1 oz | 31.103 | 31.103 | 40.60 mm | ~3.0 mm | 1 AUD |
2 oz | 62.206 | 62.206 | ~50.60 mm | ~4.0 mm | 2 AUD |
5 oz | 155.515 | 155.515 | ~65.60 mm | ~5.0 mm | 5 AUD |
10 oz | 311.030 | 311.030 | ~78.00 mm | ~6.0 mm | 10 AUD |
1 kg* | 1000.000 | 1000.000 | ~100.00 mm | ~8.0 mm | 1,000 AUD |
Also known as the Australian Kookaburra silver coin 1 kilo.
Mintage and Availability
Unlike open-ended bullions, Kookaburras are struck with strict annual mintage limits. Once a year’s maximum is reached, production stops permanently. This structure is a major reason older dates—especially from the 1990s—can command strong premiums today.
“Each one-ounce coin is encapsulated with an ascribed mintage of 500,000 pieces. The ten-ounce and one-kilo coins have a mintage to meet demand or unlimited.”
— Michael Alexander, numismatic author
Greysheet, 2026 Kookaburra Silver Coin article
1 oz Kookaburra Silver Coin
It is struck in high-purity metal, with specifications set and guaranteed by the Perth Mint. From the start, the series was positioned as a premium bullion product rather than a mixed-metal or alloyed one.
Kookaburra Coin Silver Content
Each one contains 1 troy ounce (31.103 grams) of pure Ag
The full weight is silver; there is no core or cladding
1990–2016: .999 fine Ag (99.9% pure)
2017–present: .9999 fine Ag (99.99% pure)

What does purity mean for the Kookaburra 1 oz silver coin? .999 and .9999 are both considered investment-grade bullion. The difference has no practical impact on appearance or durability. Market value is driven mainly by silver spot price, not the fourth “9”.
Kookaburra Silver Coin Value
Size | Market Value (approx.) |
1 oz Silver Kookaburra Coin | $83 – $110 |
2 oz Kookaburra | $200 – $260 |
5 oz Kookaburra | $550 – $700+ |
10 oz Kookaburra Silver Coin | $950 – $1,100+ |
1 kg Kookaburra | $2,500 – $3,200+ |
Most of the market Australian Kookaburra silver coin values come from the metal content — one ounce of .9999 pure silver — and tracks the price of the metal on global markets. You may check it on the JM Bullion official website.
Because each year’s reverse design changes, some collectors will pay slight premiums for the latest issue or older, lower-mintage years.
At the same time, anniversary or privy variants are not produced in the same volumes as standard bullion, so they often sell for more than the standard piece.
High grades (e.g., MS69 or MS70) from grading services like NGC or PCGS cost more, as buyers pay for condition assurance and rarity.
A standard 2025 Kookaburra trades at or modestly above the spot price of silver because most buyers see it first as bullion. Collector interest and condition can push certain specimens above bullion prices, especially for earlier years, special editions, or graded examples.
Collector and Investment Appeal
Collector Perspective
The silver Australian Kookaburra coin stands out because its design changes every year. That alone gives collectors a reason to follow the series long-term. Each issue feels distinct, and once a year’s mintage is gone, that design does not return.
Investment Perspective
It carries one ounce of high-purity silver, so its base value follows the Ag market. Being issued by the Perth Mint makes it easy to buy and sell worldwide. Over time, limited mintages and collector demand can push some years above simple bullion value.










