2017 ERROR VARIETY 1 OZ SILVER DRAGON & PHOENIX - PEARL OF WISDOM

Description: Dragon and Phoenix Featured on 1 oz. Silver Bullion Coins Brief Intro: On November 1 2017, the Perth Mint in Western Australia, a world leader in bullion and numismatic coin production, surprised collectors with a new addition to its already impressive line-up of legal-tender silver bullion coins. Because this coin had not been previously announced, it has been dubbed a “stealth release” by some collectors. Called the Dragon and Phoenix, this new release is inspired by ancient Chinese symbolism and mythology. It features a stunning reverse design that depicts two mythical creatures - a dragon and a phoenix - against a background of stylized clouds. In the center is a flaming pearl, which in Chinese culture is a sign of wisdom, prosperity, and power. The obverse features the Ian Rank-Broadley effigy of Queen Elizabeth II, and the reverse has the usual “P” Mint mark for the Perth Mint. The Error Mirrored Gap Coin: This coin is from a limited quantity of error coins. The error can be found on the coin’s reverse right behind the head of the phoenix. Instead of being struck with a frosted finish, one area includes a mirrored effect like the rest of its body. The Perth mint set a strict maximum worldwide edition limited for the 2017 Dragon & Phoenix One-Ounce Silver Proof at 50,000 coins. Of that mintage, only 1,125 have been certified as error coins! More about the coin design: 2017-P Australia 1 oz. Silver Dragon and Phoenix Coin. Each coin contains 1 oz. of .9999 fine silver, carries a $1 denomination, has the exceptional finish typical with most Perth Mint bullion coin issues, and comes in a protective hard-plastic Mint capsule. The Perth Mint has a reputation for issuing the finest quality bullion coins in the world, drawing on its 117 years of experience as Australia’s leading precious metal refinery. Of great interest to buyers is the fact that the coin has a limited mintage of just 50,000, and that 10% was reserved for sale strictly in Australia as required by Australian law. This allotment of 5,000 coins sold out in days! Many of the coins are likely also being sold in Asia, where they are expected to be particularly popular due to their theme. Dragon and Phoenix in Chinese Culture The dragon and phoenix are important symbols in Chinese culture. They pre-date the First Chinese Emperor who, around 200 B.C., bestowed the title of dragon to himself, as did the emperors who followed him. On their blog, Perth said that the dragon in Chinese mythology is the “greatest divine force on earth. The phoenix is regarded as an immortal bird whose rare appearance foreshadows harmony at the ascent to the throne of a new emperor.” These two mythical creatures play such an important role in Chinese mythology and culture, that they are also tied to the concepts of Feng Shui and yin and yang: Feng Shui, which means wind and water, is an ancient Chinese philosophy and art in which the most important thing is harmonizing people with their environment. It has been used extensively in interior decorating. Yin and yang is another ancient Chinese concept, which suggests that forces that may seem to be in opposition to each other may actually be complementary. The Perth blog states that “In Feng Shui, the dragon and phoenix are perfect matches for one another. The phoenix is the ‘yin,’ while the dragon is the ‘yang’ in the Chinese philosophical account of natural balance and interdependence. Their portrayal together is a widely recognized symbol of everlasting love.” The dragon and phoenix are also symbols for marriage harmony in China. The groom in a Chinese wedding traditionally wears a red suit with a dragon pattern, while the bride wears a red dress with a phoenix pattern. First of a New SeriesInitial reports on coin forums and websites that cover world coins suggested that the new coin would be a “one off” release. According to a post on November 6 by an Australian precious metal analyst known as “Bullion Baron,” however, the 2017 Dragon and Phoenix is actually the first of a new series. Additionally, he stated that there will be various versions of the coin such as “a high relief and/or gold version.” Bullion Baron also noted that the coin was conceptualized and designed over a two-year period before its release, and designs for 2018 are already in the pipeline. This first coin was designed by Tom Vaughn, who has designed many other coins for the Perth Mint, such as the 2017 Year of the Rooster silver coin, the 2014 Year of the Horse gold and silver coins, and the amazing 2014 Zeus high relief silver coin. The accumulation of a very low mintage for a bullion coin, the impressive design and interesting background, the first coin of a new series, the high demand expected for these coins, and the Perth Mint’s amazing quality standards mean that the 2017 Dragon and Phoenix silver bullion coin will be highly sought out all over the world by silver stackers and collectors alike. In some respects, it is reminiscent of the 2000 and 2012 Year of the Dragon coins issued by the Perth Mint, which are among the most popular ever in the I and II Lunar coin series. The new coin also reminds me of the 2014 Wedge-Tailed Silver Eagle, the first coin of that terrific series also carried by MCM, which was notable for its 50,000 mintage and impressive design by former U.S. Mint Chief Engraver John Mercanti. That coin today carries a solid premium. Specifications: Year of Issue 2017Country AustraliaComposition SilverPurity 0.9999Condition UncirculatedGrade Brilliant UncirculatedDenomination 1.00AUDCurrency Type DollarMint Name Perth MintCoin Weight 31.1 Grams - gWeight 1 Ounce - ozDimensions 40.6mm

Price: 125 USD

Location: Cambridge, Massachusetts

End Time: 2024-01-16T04:52:24.000Z

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