2024 1 Oz Australia Silver Lunar Dragon (Series III) - BU

Buyback price:  $57.68
Bullion Standard Pro Buyback price:  $58.50

Product ID: BST-001507F014

Specifications

Year 2024
Precious Metal Type Silver
Bullion Coin Type Lunar
Format Coin
Country of Origin Australia
Brand/Mint Perth Mint
Mint Mark P - Perth
Purity 0.9999
Weight 1 oz
Thickness (mm) 3.5 mm
Diameter (mm) 40.9 mm
Inner Pack (Quantity) 20
Outer Pack (Quantity) 100
Grade BU

Product Details

Overview of the 2024 Australia Silver Lunar Dragon (Series III)

The 2024 1 oz Australia Silver Lunar Dragon is a Brilliant Uncirculated coin struck by The Perth Mint in .999 fine silver as part of the third installment of the Australian Lunar series. It carries legal tender status under Australian law and is officially denominated at one dollar, backed by the authority of the Commonwealth of Australia. The Dragon is the fifth coin to be released within the 12-year Series III cycle, continuing a tradition that has made Perth Mint Lunar coins among the most widely collected bullion issues in the world.

We carry this coin as part of our broader selection of sovereign-minted silver bullion, recognizing it as a product that draws interest from both active collectors and buyers focused on acquiring government-issued silver at standard one-ounce weights.

History and Background

The Perth Mint launched its first Australian Lunar series in 1996, drawing on the traditional Chinese lunisolar calendar to create a 12-coin cycle honoring each of the zodiac animals. That inaugural series concluded in 2007 and was followed by Series II, which ran from 2008 through 2019. Series III began in 2020

Overview of the 2024 Australia Silver Lunar Dragon (Series III)

The 2024 1 oz Australia Silver Lunar Dragon is a Brilliant Uncirculated coin struck by The Perth Mint in .999 fine silver as part of the third installment of the Australian Lunar series. It carries legal tender status under Australian law and is officially denominated at one dollar, backed by the authority of the Commonwealth of Australia. The Dragon is the fifth coin to be released within the 12-year Series III cycle, continuing a tradition that has made Perth Mint Lunar coins among the most widely collected bullion issues in the world.

We carry this coin as part of our broader selection of sovereign-minted silver bullion, recognizing it as a product that draws interest from both active collectors and buyers focused on acquiring government-issued silver at standard one-ounce weights.

History and Background

The Perth Mint launched its first Australian Lunar series in 1996, drawing on the traditional Chinese lunisolar calendar to create a 12-coin cycle honoring each of the zodiac animals. That inaugural series concluded in 2007 and was followed by Series II, which ran from 2008 through 2019. Series III began in 2020 with the Year of the Mouse and is scheduled to conclude in 2031 with the Year of the Pig. Each new series reinterprets the zodiac animals with updated designs while maintaining continuity in weight, purity, and format across all releases.

The Perth Mint itself was established in 1899 as a branch of the Royal Mint of London and has operated as a wholly owned entity of the Western Australian government since 1970. It holds an international reputation for precision minting and has produced some of the world's most recognized sovereign bullion programs, including the Australian Kangaroo, Koala, and Kookaburra series alongside the Lunar coins. The Dragon year is historically one of the most anticipated in any Lunar cycle, often generating elevated collector interest that distinguishes it from other years in the series.

Design and Aesthetics

The reverse of the 2024 coin features a richly detailed dragon rendered in high relief against a stylized background that incorporates traditional East Asian design elements. The dragon is depicted in a dynamic coiled pose, conveying energy and power while showcasing the depth of detail that Perth Mint artisans are known for achieving in their Lunar releases. Inscriptions on the reverse include the year of issue, the weight and purity designation, and the Perth Mint's iconic "P" mintmark.

The obverse carries the Ian Rank-Broadley effigy of Queen Elizabeth II that was standard across Commonwealth coinage through 2022, along with the legal tender denomination and the issuing country. Beginning with some 2023 releases, The Perth Mint transitioned to a new portrait of King Charles III on applicable coins, though the specific portrait on 2024 issues reflects the transition that was underway across sovereign mints globally. The overall coin presents a refined contrast between the highly detailed reverse imagery and the clean, authoritative obverse composition.

Authenticity and Product Integrity

Every 2024 Silver Lunar Dragon coin is struck to The Perth Mint's exacting production standards, ensuring each piece meets the stated .999 fine silver specification at a full one troy ounce. The Perth Mint is one of a small number of sovereign mints globally that operates its own LBMA-accredited precious metals refinery, which provides direct oversight over the metal used in its coinage from refining through striking. This level of integration reinforces the consistency and reliability buyers expect from sovereign-issued bullion.

We are authorized dealers for both PCGS and NGC, which means customers who wish to have their coins professionally graded and encapsulated can do so through us. All products we carry are verified for authenticity and metal content before fulfillment, and the Perth Mint's own reputation and production controls serve as the foundational layer of product integrity for coins in this series.

Condition and Packaging

Brilliant Uncirculated describes a coin that has been struck for collectors and bullion buyers with a higher degree of care than standard circulation coinage, resulting in sharp design detail and a bright, clean surface free from wear. BU coins are not handled in circulation and are expected to display full mint luster with well-defined imagery across both sides.

Individual coins ship in protective plastic flips to preserve their condition in transit. A standard tube of 20 coins is the typical inner packaging unit for this product, and a full monster box contains 500 coins across 25 tubes sealed for bulk storage and shipment. Buyers who purchase at the tube or box quantity receive packaging consistent with how The Perth Mint distributes this issue through authorized channels.

Pricing and Market Factors

Pricing for this coin is based on the live spot price of silver plus a premium that reflects the cost of sovereign minting, program recognition, and current market demand. Perth Mint Lunar coins carry premiums above generic silver rounds and bars because they are government-issued, carry legal tender status, and benefit from a collector base that creates consistent demand across the full series cycle. Dragon years in particular tend to attract stronger interest, which can influence premiums relative to other years in the same series.

Our pricing reflects real-time market conditions and is structured to provide transparency rather than obscure the relationship between spot and final cost. The bid/ask spread displayed on each product page gives buyers a complete view of both acquisition cost and resale value so they can evaluate the full picture before committing to a purchase.

Selling and Liquidity

The 2024 Silver Lunar Dragon benefits from global recognition as a sovereign-issued coin from one of the world's most respected mints. Its standardized one-ounce weight, verified .999 purity, and Perth Mint provenance make it straightforward to trade in wholesale, retail, and collector markets worldwide. Dragon-year Lunar coins have historically maintained strong secondary market interest, supported by both the bullion weight and the collectibility of the design.

We operate a two-way market that allows customers to both purchase and sell precious metals within the same platform. Liquidity is something we believe should be evaluated before a purchase is made, not only when it is time to sell, and our competitive buyback pricing reflects that commitment to supporting customers across the full lifecycle of ownership.

Why Buy the 2024 Australia Silver Lunar Dragon?

The Dragon is one of the most culturally significant animals in the Chinese zodiac and consistently draws the strongest collector demand within any Lunar series cycle. For buyers interested in silver with both bullion weight and genuine numismatic appeal, a Dragon-year coin from the Perth Mint occupies a distinct position that generic silver products cannot replicate. The combination of sovereign issuance, legal tender status, and design quality produces a coin that is recognized across a broad range of buyers and markets.

Series III coins also benefit from the design continuity and collector following that the first two series established over more than two decades. Buyers who are building a complete Lunar collection or adding a single standout year will find the 2024 Dragon to be one of the more compelling entries in the current 12-year cycle. The one-ounce format keeps handling and storage practical while remaining accessible to buyers at most price points.

Why Buy from Bullion Standard?

We have been operating as a trusted precious metals dealer since 2010, and our approach is built around transparency, accurate pricing, and a buying experience that gives customers the information they need to make confident decisions. Our A rating with the Better Business Bureau and our memberships in the American Numismatic Association and the National Coin and Bullion Association reflect a long-standing commitment to conducting business with integrity. Being an authorized dealer for both PCGS and NGC means customers have direct access to professional grading services when they want their coins certified.

We source products from reputable mints, authorized distributors, and established wholesale channels, and every product is verified before it reaches a customer. Our two-way market model means we are not simply a place to buy silver. We are a platform where customers can also sell at competitive buyback prices, with the full transaction picture made visible before any commitment is made. Secure fulfillment, multiple payment options, and responsive support are built into every order, not offered as exceptions.

Get Near-Spot Pricing with Bullion Standard Pro

Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing on products including the 2024 Silver Lunar Dragon, along with real-time portfolio valuation based on current wholesale bid prices rather than estimated retail values. For a coin like this, where premiums can fluctuate based on collector demand and wholesale market activity, having direct visibility into live executable pricing provides a meaningful advantage over standard retail pricing models.

Pro members also benefit from proprietary research tools that allow products to be compared across the broader catalog using metrics such as premium history, bid/ask spread tightness, and liquidity indicators. These tools are designed to help buyers evaluate whether current market conditions favor purchasing or waiting, using objective data rather than marketing assumptions. The platform brings a level of pricing transparency and market intelligence to physical silver that is rarely available in traditional dealer environments.

Flexible and Secure Payment Options

We support a wide range of payment methods to make every transaction as straightforward as possible. Customers can pay using Visa, Mastercard, American Express, or Discover, as well as PayPal, bank-connected payments through Plaid, wire transfer, paper check, or cryptocurrency via BitPay. Each method is supported by secure transaction infrastructure so buyers can choose the option that works best for them without sacrificing safety or convenience.

Whether purchasing a single coin or a full monster box, the checkout process is designed to be clear and efficient from start to finish. Security and simplicity are not afterthoughts in how we handle transactions. They are fundamental to the experience we have built since day one.

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