2016-12-12 Mon

On 1st November, the Perth Mint issued a bullion 1oz of 99.99% pure silver 1 dollar coin featuring a dragon and a phoenix. The mintage limit of this coin with polished designs and a frosted background is 50,000 coins.

Reverses feature a dragon and phoenix with clouds in the background. They are standing near a shining pearl representing wisdom, prosperity, power and immortality.

As per Chinese mythology, the dragon is considered to be the divine force on Earth and the Phoenix is the immortal bird. As per "In Feng Shui, the dragon-phoenix pair is considered as the symbol of everlasting love. Perth Mint’s ‘P’ mintmark is also depicted on the reverse.

Obverses feature the Ian Rank-Broadley effigy of Queen Elizabeth II along with the inscriptions ELIZABETH II, AUSTRALIA, and 1 DOLLAR, 2017 and 1OZ 0000 Ag.