Saturday, June 16, 2012

Silver Update 15th June 2012 - Butler and Bernanke

Good break down of recent Ted Butler comments about silver short positions and bullion banks, also the eventual price of silver and silver price manipulation.

Monday, June 11, 2012

Silver Could Preserve More Value Than Gold

The repayment of debt (or default on debt – which is more likely) will result in significantly reduced economic activity. Significantly reduced economic activity will have a negative effect on the stock market, which in this case, will likely result in a huge crash. It is these conditions (a deflating debt bubble) that will drive gold and silver prices significantly higher.

Why? Because this will not just be a normal type of reduced economic activity, but one in which the monetary system as a whole is questioned or collapses (due to the excessive debt levels).

 In a crisis like this, it will be all about preserving value, which will make gold and silver the most wanted goods. The excessive debt levels we have currently, mostly represent artificial value, or value that will never be realised. We now have a great opportunity to convert that soon to be destroyed value into real value, by buying gold and silver, with fiat currency.

In my opinion, silver bullion presents the better opportunity, when compared to gold. Silver bullion is still trading much lower than its 1980 high, and also at relatively historic lows against gold.
Silver Flag

Here, is a follow-up on my previous article about the similar flag formations on the silver chart. Below is a 6-year chart of silver (all charts generated at fxstreet.com):




On both charts, I have suggested how the flag patterns might be similar, by marking similar points, from 1 to 6 (and alternatively from a to f). Based on this comparison, it appears that the silver price might now have found that point 6 or h, and is about to increase significantly. See my latest video on my website for more details of this analysis.



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China's Gold Investment Demand to Grow More Than 10% - ICBC

Gold-investment demand in China may gain more than 10 percent this year as buyers seek a haven from Europe's debt crisis and the prospect of weakening currencies, according to the country's largest bullion bank.

"Investors here want to hold part of their assets in gold to hedge for the risks, especially now that the financial crisis has evolved into a sovereign crisis," Zheng Zhiguang, general manager of the precious-metals department at Industrial and Commercial Bank of China Ltd., said in an interview in Shanghai.

China will topple India this year as the largest bullion market as rising incomes bolster demand, the World Gold Council forecasts. Gold may gain for a 12th year in 2012 as European policy makers strive to avoid a breakup of the euro zone and the U.S. Federal Reserve weighs more stimulus to aid the recovery. Investors in China, facing lackluster equity markets and property curbs, are looking more to the metal, Zheng said June 6.

"It's necessary for individual, institutional or even government investors to hold gold when the value of money is decreasing at a time of possible quantitative easing or excessive money-printing practices," said Zheng.

Investment demand in China was a record 98.6 metric tons in the first quarter, 13 percent higher the same period in 2011, according to figures from the producer-funded council. Last year, it climbed 38 percent to 258.9 tons compared with 2010, as overall demand gained 20 percent to 769.8 tons. China's total gold demand may reach 1,000 tons this year, the WGC has said.

Debt Crisis
Gold for immediate delivery traded at $1,599.02 an ounce at 12:41 p.m. in Shanghai, 2.3 percent higher this year. The price touched $1,526.97 on May 16, the lowest level since December, as Europe's debt crisis weakened the euro and investors favored increased dollar holdings.
While a stronger dollar may pressure bullion, "I'm optimistic on the gold prices in the long term because of the China demand," said Zheng. "There are too many uncertainties now in the global economy, politics and the financial sector."

ICBC represents more than 20 percent of the turnover on the Shanghai Gold Exchange, China's largest spot market for precious metals, and more than 30 percent of the gold-leasing business in China, according to Zheng. The lender accounted for about 16 percent of nationwide bullion sales last year.

Gold imports by mainland China from Hong Kong climbed 65 percent to a record 103.6 tons in April, according to data from the Census and Statistics Department of the Hong Kong government released on June 5. The increase came even as Lao Feng Xiang Co. (900905), the mainland's biggest gold-jewelry maker, said in May that gold-demand growth in China may stagnate this year as falling prices put off investors and an economic slowdown crimps sales.

Hurt Exports
The second-largest economy expanded 8.1 percent in the first quarter, the slowest pace in almost three years as Europe's crisis hurt exports. Should Greece exit the euro, the expansion may slow to 6.4 percent in 2012 without stimulus, China International Capital Corp. said on May 23.

China, which on June 7 announced the first cut in borrowing costs since 2008, has curbed property investments to avoid a bubble. The Shanghai Composite Index (SHCOMP) declined 15 percent in the past year, while spot bullion gained 5.5 percent.

On a three-month basis, gold demand in China eclipsed India's over the past two quarters, according to the World Gold Council. The increased wealth of China's middle class is helping to drive consumption, Albert Cheng, the council's Far East managing director, said in an interview in May.

Last Resort
Greek voters are set to go the polls for the second time in two months on June 17 in a vote that may determine whether the country stays in the 17-nation euro. Goldman Sachs Group Inc. (GS) said gold remains the so-called currency of last resort, forecasting a rally by year-end, according to a May 9 report.

Spanish Economy Minister Luis de Guindos said on June 9 that he would request as much as 100 billion euros ($126 billion) in emergency loans from the euro area to shore up the country's banking system. That, coupled with weekend trade data from China, helped to boost stocks and commodities today.

As China allowed investors to buy and hold gold only in recent years, "there's explosive, pent-up demand because the Chinese have an attachment to gold," said Zheng, predicting that growth in investment demand will beat the expansion in jewelry sales. "There's great potential for expanding China's physical-gold investment market."

China's Gold Investment Demand to Grow More Than 10% - ICBC

Sunday, June 10, 2012

Eric Sprott with SilverDoctors: THE SILVER CARTELS HAVE CHANGED THEIR M.O



The Doc sat down with Sprott Asset Management's Eric Sprott this weekend to discuss the European debt contagion, the latest gold and silver massacre, the massive rush into physical metals, and his outlook on gold and silver for the rest of 2012 and beyond.

When asked whether Thursday's gold and silver raid coinciding with Bernanke's testimony to Congress felt like Deja-Vu to the Leap Day Massacre Eric responded "It might be that the silver cartels have changed their MO. The MO used to be that whenever the jobs number came out they'd go to work , which let them take a shot at the markets once a month".

The last jobs report backfired, and of course the jobs reports have been so poor. I think the key thing for the cartel is to time it, and to know when to do it. Three or four guys acting together can have a bigger impact if you all know exactly what second we're going to do something.

Of course Bernanke releasing his comments at exactly 10am is the perfect time. Ok, let's knock gold and silver down. It theoretically make's Ben's remarks seem all the more important, although you see the action in the market before anyone's even had a chance to read his comments, but it sort of reinforces it.

I would not be surprised that the MO has changed, and now we do these things when Bernanke speaks or when the Fed announcements come out at 2:15 on June 20th next, that's when they'll act. They like to know when they have a common time when they can all go into shorting mode.

TULIP LADYBUG Venetian Glass Murano Silver Coin $20 Canada Mint 2011

 

This is the first coin ever to be embellished with Venetian glass, a world-renowned glass prized for its clarity and extremely vibrant colours.

Each glass ladybug was handcrafted by a master-glassmaker in Murano, Italy. They combined Venetian glass with a unique coloured design to deliver a coin that boasts new and unrivalled dimension. Crafted to perfection, each is an eye-catching work of art.


Ladybug

Coccinellidae is a family of beetles, known variously as ladybirds (UK, Ireland, Australia, Pakistan, South Africa, New Zealand, India, Malta, some parts of Canada and the US), or ladybugs (North America). Scientists increasingly prefer the names ladybird beetles or lady beetles as these insects are not true bugs.

Lesser-used names include ladyclock, lady cow, and lady fly. Coccinellids are small insects, ranging from 1 mm to 10 mm (0.04 to 0.4 inches), and are commonly yellow, orange, or scarlet with small black spots on their wing covers, with black legs, head and antennae. A very large number of coccinellid species are mostly, or entirely, black, grey, or brown and may be difficult for non-entomologists to recognize as coccinellids.

Conversely, there are many small beetles that are easily mistaken for coccinellids, such as the tortoise beetles. Coccinellids are found worldwide, with over 5,000 species described, more than 450 native to North America alone. A few species are considered pests in North America and Europe, but they are generally considered useful insects as many species feed on aphids or scale insects, which are pests in gardens, agricultural fields, orchards, and similar places. Harmonia axyridis (or the Harlequin ladybug) was introduced into North America from Asia in 1988 to control aphids but is now the most common species as it is out-competing many of the native species. A common myth is that the number of spots on the insect's back indicates its age.


Tulip
The tulip is a perennial, bulbous plant with showy flowers in the genus Tulipa, which comprises 109 species. Tulips are spring-blooming perennials that grow from bulbs. The tulip's large flowers usually bloom on scapes or subscapose[further explanation needed] stems that lack bracts. Most tulips produce only one flower per stem, but a few species bear multiple flowers on their scapes. The showy, generally cup- or star-shaped tulip flower has three petals and three sepals, which are often termed tepals because they are nearly identical. These six tepals are often marked near the bases with darker colorings. Tulip flowers come in a wide variety of colors, except pure blue (several tulips with "blue" in the name have a faint violet hue).

Tulip stems have few leaves, with larger species tending to have multiple leaves. Plants typically have 2 to 6 leaves, with some species having up to 12. The tulip's leaf is strap-shaped, with a waxy coating, and leaves are alternately arranged on the stem. These fleshy blades are often bluish green in color. Although tulips are often associated with The Netherlands, commercial cultivation of the flower began in the Ottoman Empire.

The tulip, or lale as it is also called in Iran and Turkey, is a flower indigenous to a vast area encompassing arid parts of Africa, Asia, and Europe. The word tulip, which earlier appeared in English in forms such as tulipa or tulipant, entered the language by way of French tulipe and its obsolete form tulipan or by way of Modern Latin tulipa, from Ottoman Turkish tülbend ("muslin" or "gauze"), and is ultimately derived from Persian dulband ("turban").
  • Country Canada
  • Year 2011
  • Face Value 20 Dollars
  • Metal Silver
  • Fineness (purity) 999/1000
  • Weight (g) 31.39
  • Diameter (mm) 38
  • Quality Proof
  • Mintage (pcs) 5.000
  • Certificate (COA) Yes
  • Presentation case (box) Yes

DINOSAUR GLOW IN THE DARK Pachyrhinosaurus Lakustai 25c Canada 2012

The Mint has created its first glow-in-the-dark coin, a quarter featuring a dinosaur discovered near Grand Prairie, Alta. in 1973.

In the light, the quarter features the Pachyrhinosaurus lakustai dinosaur, named after Al Lakusta, the man who stumbled on its bones in the Pipestone Creek bonebed.

When the lights go off, the dinosaur’s glowing skeleton is revealed.

The Mint only made 25,000 of these photoluminescent coins. It plans to release three more glow-in-the-dark coins featuring prehistoric creatures.

Apparently, the glowing effect won’t wear off.

While the quarters have a face value of 25 cents, they will be on sale online and at Canada Post locations for $29.95.

The Pachyrhinosaurus lakustai dinosaur coin is the first in a 4-coin Prehistoric Creature glow-in-the-dark (photo-luminescent) series! Turn off the lights and discover the Pachyrhinosaurus’s glowing skeleton! Designs approved by the Royal Tyrrell Museum of Palaeontology.

Pachyrhinosaurus lakustai

The frst Pachyrhinosaurus was unearthed and named by C.M. Sternberg in 1946, from the St. Mary Formation of Southwestern Alberta. Sternberg later described the specimen as Pachyrhinosaurus canadensis in 1950.

Pachyrhinosaurus was an ornithischian dinosaur, belonging to the larger group of ceratopsians, (horned, herbivorous dinosaurs). It lived in the Late Cretaceous of North America, about 72-68 million years ago.
Pachyrhinosaurus was a fairly large animal, like the present day rhinoceros, reaching up to 23 feet in length. As its name suggests, it had a thick (pachy) bony knob on its nose (rhino) rather than a horn. Its relatively broad skull had a short crest or frill on the back.

Al Lakusta, a Grande Prairie science teacher found the bonebed along Pipestone Creek in 1973. The bonebed has extreme signi cance because of its density of disarticulated skeletons. It contains up to 100 bones per square meter. 3500 bones, and over 20 skulls or partial skulls have been collected from the site.

2012 Discover Australia Platinum Five Coin Set 1/10th Ounce Coins Perth Mint





2012 Discover Australia Platinum Five-Coin Set at The Perth Mint, featuring:
  • 99.95% Pure Platinum in Proof Quality
  • Five Brilliant New Australian Animal Designs 
  • Extremely Limited Mintage – 1,000
  • Australian Legal Tender
  • Presentation Packaging
  • Numbered Certificate of Authenticity
  • New One Year Series
Platinum Content (Troy oz) 0.10
Monetary Denomination (AUD) 15
Fineness (% purity) 99.95
Minimum Gross Weight (g) 3.112
Maximum Diameter (mm) 16.60
Maximum Thickness (mm) 1.32

99.95% Pure Platinum in Proof Quality

Each coin is struck by The Perth Mint from 1/10oz of 99.95% pure platinum in proof quality.

Five Brilliant New Australian Animal Designs

The Red Kangaroo, the largest species of this famous animal, is native to Australia and found throughout the mainland across scrubland, grassland and desert habitats.  The coin's reverse depicts a Red Kangaroo jumping across the ochred-coloured earth of the Australian outback.  The inscriptions DISCOVER AUSTRALIA and RED KANGAROO are also included in the design.

The Kookaburra is one of Australia’s most recognisable birds, whose white-coloured plumage and brown facial stripe is distinctive as is its loud, laughing call.  The coin’s reverse depicts a Kookaburra perched on a branch among the green leaves of a gum tree and the inscriptions DISCOVER AUSTRALIA and KOOKABURRA.

The Green and Gold Bell Frog is an emerald to olive green coloured amphibian that often displays brown and gold markings.  The coin's reverse depicts a Green and Gold Bell Frog resting on green reeds and includes the inscriptions DISCOVER AUSTRALIA and GREEN & GOLD BELL FROG. 

The Goanna is known as one of Australia’s largest monitor lizards.  These reptiles are usually dark grey to black in colour and display cream or yellow scales, which form bands and spots, in contrast.  Goannas are found throughout most of Australia in a variety of environments.  The coin's reverse depicts a Goanna resting on yellow desert sand.  The inscriptions DISCOVER AUSTRALIA and GOANNA are also included in the design.

The Whale Shark is the world’s largest fish, yet despite its formidable size, is considered harmless.  Found in coastal waters and the lagoons of coral atolls, this majestic creature was not discovered until 1828 although the species is actually millions of years old.  The Whale Shark coin's reverse depicts a Whale Shark swimming through blue ocean waters. The inscriptions DISCOVER AUSTRALIA and WHALE SHARK are also included in the design. 
All the designs also include The Perth Mint’s famous ‘P’ mintmark.

Extremely Limited Mintage

The Perth Mint will release no more than 1,000 of each of these 1/10oz platinum proof coins.

Australian Legal Tender

Issued as Australian legal tender, each coin's obverse bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the year-date and the monetary denomination.

Numbered Certificates of Authenticity

The set is accompanied by a numbered Certificate of Authenticity for each coin.

Presentation Display Packaging

The iconic, themed display packaging includes a coloured shipper and display case with a classic timber lid.

Four Seasons Fine Silver Coins - Principat d`Andorra 5 Diners

A fancy presentation of the feeling of life in the different seasons on 4 coins of Summer, Autumn, Winter and Spring
Country: Servei d` Emissions Principat d`Andorra
Issuing year: 2012
Face Value: 5 Diners
Metal: Pure Silver Ag.999
Special: UHR Ultra High Relief Minting
Diameter: 34.00 mm
Weight: 20.00 grams
Rim: Without border
Condition: Satined
Mintage: 2,000 pieces
Beautiful and very limited set.

MUSIC IS MY LIFE Bob Marley REGGAE Silver Plated Coin $1 Fiji 2012

Music is an art in all of its facets—physical, emotional, mental, social, aesthetic, and spiritual. The Fiji has released a colorized coin series 'Music is My Life' and this coin is dedicated to the famous Reggae.

Reggae is a music genre first developed in Jamaica in the late 1960s. While sometimes used in a broader sense to refer to most types of Jamaican music, the term reggae more properly denotes a particular music style that originated following on the development of ska and rocksteady.

Reggae is most easily recognized by the rhythmic accents on the off-beat, usually played by guitar or piano (or both), known as the skank. This pattern accents the second and fourth beat in each bar (or the "and"s of each beat depending on how the music is counted) and combines with the drums emphasis on beat three to create a unique feel and sense of phrasing in contrast to most other popular genres focus on beat one, the "downbeat".

The tempo of reggae is usually felt as slower than the popular Jamaican forms, ska and rocksteady, which preceded it. It is this slower tempo, the guitar/piano offbeats, the emphasis on the third beat, and the use of syncopated, melodic bass lines that differentiates reggae from other music, although other musical styles have incorporated some of these innovations separately.

Also in this series is Rock N Roll Elvis Priestley and Chanson
MUSIC IS MY LIFE Bob Marley REGGAE Coin $1 Fiji 2012

Friday, June 8, 2012

Coin American Silver Eagle and 5 Oz Bullion Sales Surge in May 2012

American Silver Eagle bullion coins have been in a repeating pattern when it comes to their monthly sales this year. One month will show a decline only to be followed the next month with an increase.

 
This pattern was followed yet again in May when United States Mint authorized purchasers ordered 2,875,000 of the silver coins, logging an increase of 1,355,000, or 89%, of the number delivered in the previous month.

Despite the large advance, sales were diminutive compared to January when U.S. Mint sent out 6,107,000, the second best monthly total of all-time. But still, May easily ranked above all of the other months this year.

American Silver Eagle Bullion Coin Sales in 2012

MonthSales Total% Change From Previous Month
January6,107,000+203.98%
February1,490,000-75.60%
March2,542,000+70.60%
April1,520,000-40.20%
May2,875,000+89.14%

Looking at the month of May in general finds 2012 had the third best one since the Silver Eagle first appeared in 1986. Figures come in behind May 2010 when 3,636,500 were sold and May 2011 — which currently holds the title as the best May ever — when 3,653,500 moved. The next closest May was in 2009 with sales of 1,904,500.

It is not too surprising that the American Silver Eagle bullion coin this year has had it tough against 2010 and 2011. These years currently hold the top two spots for annual sales. 2010 hit 34,662,500 only to be surpassed in 2011 with 39,868,500.

So far, 2012 is lagging. Annual sales are at 14,534,000. In comparison, January through May of 2010 saw 15,167,500 sold while January through May of 2011 reached 18,901,500.

America the Beautiful 5 Oz Silver Bullion Coins in May

The America the Beautiful 5 oz Silver Bullion Coin is also a bullion product currently available from the United States Mint. Each of these coins are struck from five ounces of .999 fine silver and, like the American Silver Eagle, are sold through the Mint’s authorized purchasers for a small premium above the current spot price of the silver contained within them.

America the Beautiful Silver Bullion Coins showed significant gains in May owed to the release of the 2012 El Yunque National Forest Silver Bullion Coin late in the month. It joined three other 2011-dated coins of the program which are still available. In total, 5,600 coins sold versus the 200 in the previous month.
The following chart shows the four ATB Bullion Coins and their performances through to the end of last month.

CoinTotal Sales# Sold in May
2011 Olympic National Park 5 oz. Silver Bullion Coin85,200100
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coin38,400100
2011 Chickasaw National Recreation Area 5 oz. Silver Bullion Coin28,9000
2012 El Yunque National Forest 5 oz. Silver Bullion Coin5,4005,400

Four more America the Beautiful Silver Bullion Coins are expected to be issued later this year. They include the Chaco Culture National Historical Park Silver Bullion Coin, the Acadia National Park Silver Bullion Coin, the Hawaii Volcanoes National Park Silver Bullion Coin and the Denali National Park Silver Bullion Coin.

Tuesday, June 5, 2012

Australian Map Shaped Kookaburra 2012 1oz Silver Coin




Just Released: Australian Map Shaped Coin Series – Kookaburra 2012 1oz Silver Coin at The Perth Mint, featuring:
  • Innovative New Shape
  • 99.9% Pure Silver in Proof Quality
  • Limited Mintage – 6,000
  • Australian Legal Tender
  • Presentation Packaging
  • Numbered Certificate of Authenticity
  • First Coin in Series
The native Australian kookaburra is the first animal featured in the Australian Map Shaped Coin Series. Purpose-built tooling and die design make this coin an exclusive and totally unique minting marvel!

99.9% Pure Silver in Proof Quality

The coin is struck by The Perth Mint from 99.9% pure silver in the distinctive shape of Australia.

Unique Coloured Design

The coin’s coloured reverse depicts a kookaburra resting on a fence, against the background of a bush scene.  The inscription KOOKABURRA also appears in the design with The Perth Mint’s traditional ‘P’ mintmark and year-date.

Limited Mintage

No more than 6,000 of these coins will be issued worldwide.

Australian Legal Tender

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

Presentation Packaging

Accompanied by a numbered Certificate of Authenticity, the coin is housed in a display case and custom-designed shipper.



The stunning Australian kookaburra is the first design featured in the exciting new Australian Map Shaped Coin Series which highlights native Australian wildlife. Purpose-built tooling and die design make this coin an exclusive and totally unique minting marvel!

The kookaburra is a bird famous for its laughing call that can frequently be heard at dawn and dusk across Australia.  To hear the kookaburra can be a real experience, as the sound is uncannily human.

Forthcoming 2012 Release: Emu

Monday, June 4, 2012

Submarines of the World Four Silver Bar Set 999 One Ounce New Zealand Mint



Metal .999 Silver
Finish Proof
Diameter 45 x 31 mm
Edge Milled Milled
Denomination $2
Year of Issue 2010
Mintage 15,000

About the Design

RUSSIAN TYPHOON 

Typhoon class submarine is a type of nuclear-powered ballistic missile submarine deployed by the Soviet Navy in the 1980s. With a maximum displacement of 26,000 tonnes, Typhoons are the largest class of submarine ever built. In its day it was one of the most feared weapons of mass destruction ever made. Although technically able to successfully deploy their long-range nuclear missiles while moored at their docks, Soviet doctrine for these vessels was to have them attack North America while submerged under the Arctic Circle, avoiding the traversal of the GIUK gap to remain safe from enemy attack submarines and anti-submarine forces. The image on the coins shows the Typhoon Submarine in North Arctic Region.

BRITISH VANGUARD

The Vanguard class are the Royal Navy’s current nuclear ballistic miss le submarines, each armed with up to 16 trident II submarine – launched ballistic missiles. The class was introduced in 1994 as part of the UK governments Trident nuclear program. This class includes four boats Vanguard, Victorious, Vigilant and Vengeance, all built at Barrow-in-Furness by Vickers Shipbuilding and Engineering Ltd between 1986 and 1999.
All four submarines in this class are based at Her Majesty’s Naval Base Clyde, 40 km west of Glasgow, Scotland. The image on the coin shows HMS Vanguard leaving its base in Glasgow.

UNITED STATE OHIO

The Ohio class is named after the lead submarine of this class, USS Ohio. The 14 Trident II SSBN’s together carry around fifty percent of the total U.S. Strategic warhead inventory. Although the missiles have no pre-set targets when the submarine goes on patrol, the platform when required, is capable of rapid targeting using secure and constant at sea communications links. The Ohio class is the largest type of submarine ever constructed for the U.S. Navy and are second to the Russian Typhoon class. The image of the coin shows the USS Ohio leaving its port in Hawaii.

FRENCH TRIOMPHANT

The Triomphant class of strategic missile submarines of the French navy are currently being introduced into service to provide the sea based component of the French ‘force de frappe’ (nuclear deterrent). On the 3rd/4th February 2009. it has been reported that the Triomphant apparently collided with the Royal Navy submarine vanguard. Triomphant was reported to have proceeded to brest under her own power, submerge, but with extensive damage. The French Navy plan to operate a force of four ships of which two are on patrol at any one time. The image on the coin shows the Le Triompant leaving the french naval base located at Ile Longue.

Obverse

The obverse of the coin features the Raphael Maklouf effigy of Her Majesty Queen Elizabeth II, sovereign of the Commonwealth and Fiji, along with the year of issue (2009) and the denomination of $2.

Limited Mintage

No more than 15,000 sets will be issued by New Zealand Mint.

Presentation

Each four-coin set comes in a magnificent replica submarine box. It packaged in a colourful outer packer, accompanied by a numbered certificate of Authenticity, which includes background information on each submarine class.
Please note that due to the dimensions and weight of this product's packaging, shipping charges will be marginally higher than what is usually charged.

MANTA RAY Australian Sea Life II The Reef Silver Coin 50c Australia 2012


Manta Ray:

The manta ray is one of the largest marine species on the Great Barrier Reef. This magnificent and graceful creature can grow to 5 metres in width and weigh several hundred kilograms.

Manta rays feed on plankton and fish larvae, filtered from the water passing through their gills as they swim. Manta rays display curiosity around humans, and swim among divers. It is still not known how long the manta ray lives.

The harmless rays have a short tail and no stinging spine. They are very acrobatic; they can even leap from the water. Remoras (Echeneida) are frequently seen with mantas, staying near the manta's mouth (even inside the gill cavities). The remoras probably feed on parasites on the manta's body and eat bits of the manta's food.

Mantas are dark brown to black on top with paler margins; they are mostly white underneath and they have no teeth; they sieve their food.

The stunning Sea Life II, The Reef series, has come to an end, with the release of the fifth, and final, coin featuring a spectacularly realistic portrayal of a manta ray.

Struck of 99.9% pure silver in proof quality, the coin is issued as legal tender under the authority of the Government of Australia.
  • Proof Quality 99.9% Pure Silver
  • Coloured Reverse Design
  • Australian Legal Tender
  • Limited Mintage – 10,000
  • Numbered Certificate of Authenticity
  • Stunning Illustrated Presentation Packaging
Five new inhabitants of Australia’s underwater wonder world are featured on Australian Sea Life II – The Reef series.

The colourful Surgeonfish is found along the coast of Western Australia and throughout the waters of the Great Barrier Reef in Queensland to northern New South Wales.

The most distinguishing characteristics of this marine species are its amazing ability to change colour and its extremely sharp scutes and fins – hence the name – Surgeonfish.