10 oz Chinese Myths and Legends Silver Coin

Perth Mint's 10 oz Mythological Silver Coin

The 10 oz Chinese Myths and Legends is a limited-edition silver coin from the Perth Mint, carrying $10 AUD legal tender status and struck in .9999 fine silver. Each annual release is capped at just 888 pieces, a deliberate nod to the significance of the number 8 in Chinese culture, where it symbolises prosperity and wealth. This is one of the most tightly limited 10 oz silver coins produced by any sovereign mint.

The series launched in 2017 with the Dragon and Phoenix design and has released new mythological themes annually: Dragon and Tiger, Double Dragon, Double Pixiu, Flaming Dragon, Phoenix, Dragon and Koi, Four Guardians, and Double Phoenix. Each coin features artwork from rotating Perth Mint designers, giving every release a distinct artistic interpretation rather than a house-style uniformity. The 10 oz version represents the top of the bullion range; the series also produces 1 oz silver and 1 oz gold versions with larger mintages.

With an 888-piece cap, the 10 oz Chinese Myths and Legends occupies the space between pure bullion and numismatic collecting. The metal content is standard investment-grade silver, but the scarcity creates secondary market dynamics more typical of proof coins. Earlier releases with lower surviving availability have already begun commanding premiums above their original issue price. Distribution is handled globally through LPM, a Hong Kong-based dealer with exclusive worldwide rights, reflecting the series' primary target market across Asia.

10 oz Chinese Myths and Legends Coin Specifications

The 10 oz coin includes a micro-laser engraved letter as an authentication element, requiring magnification to detect, along with the Perth Mint 'P' mintmark on the reverse. The obverse carries the portrait of the reigning monarch, currently King Charles III by Dan Thorne, replacing earlier effigies of Queen Elizabeth II.

Design Themes Across the Series

The Four Guardians design depicts four mythological creatures from Chinese cosmology: the Azure Dragon (east/spring), Vermilion Bird (south/summer), White Tiger (west/autumn), and Black Tortoise with snake (north/winter), each guarding a cardinal direction and representing a season and one of the five Chinese elements.

Tax Treatment of Perth Mint Chinese Myths and Legends Silver

Australia

As a Perth Mint coin struck under the Australian Currency Act 1965, the 10 oz Chinese Myths and Legends is GST-free in Australia. Investment-grade precious metals from the Perth Mint qualify for the GST exemption at the required purity threshold. Capital gains tax applies on disposal, with a 50% discount for individuals holding longer than 12 months.

Hong Kong and Singapore

These are the primary target markets for the series. Hong Kong has no sales tax, import duty, or capital gains tax on precious metals, making it an ideal jurisdiction for holding this coin. Singapore exempts investment precious metals from GST at 99.9% purity with legal tender status; the .9999 purity and AUD face value satisfy both requirements. Singapore also has no capital gains tax.

United States

The coin is IRA-eligible, as .9999 silver from a sovereign mint exceeds all IRS purity requirements. Sales tax varies by state. Capital gains are taxed at the collectibles rate of up to 28% for long-term holdings.

United Kingdom

Silver bullion in the UK carries 20% VAT on purchase. The Perth Mint coin receives no VAT exemption as it is not gold (only investment gold is VAT-exempt under retained EU law). It is not CGT-exempt, as only UK legal tender coins carry that benefit. UK buyers seeking CGT-exempt silver should look to Royal Mint products like the 10 oz Britannia.

EU

Silver coins are subject to the standard local VAT rate across most EU countries (17-27%). Some member states offer margin scheme treatment on legal tender silver coins, but availability of the Perth Mint series in European dealer channels is more limited than for domestic European products.

Chinese Myths and Legends vs Other 10 oz Silver Coins

The 888-piece mintage puts this coin in a different category from most 10 oz silver bullion. The comparison divides between buyers seeking pure metal accumulation (for whom cheaper alternatives exist) and those who value the combination of metal content with collectible scarcity.

vs 10 oz Perth Lunar (Perth Mint)

The Perth Mint Lunar is the closest Perth Mint comparison, also carrying Chinese-themed designs in .9999 silver with annual changes. The Lunar series uses zodiac animals rather than mythological creatures and has higher mintages, making it more accessible at lower premiums. The Chinese Myths and Legends' 888-piece limit gives it stronger scarcity but weaker liquidity as a pure bullion position. Buyers drawn to Chinese cultural themes may want both.

vs 10 oz Kookaburra (Perth Mint)

The 10 oz Kookaburra has a much larger mintage base, stronger dealer liquidity, and a longer track record (silver Kookaburra since 1990). Premiums are lower. For buyers who want 10 oz of Perth Mint silver as an investment holding, the Kookaburra is the more practical choice. The Chinese Myths and Legends appeals to those who want the design programme, cultural significance, and limited-edition positioning.

vs 10 oz Britannia (Royal Mint)

The 10 oz Britannia offers CGT exemption for UK buyers, four integrated security features, and wider availability from mainstream dealers. At .999 purity (versus .9999), it is marginally less pure but carries a tax advantage that no Perth Mint coin can replicate in the UK market. The Chinese Myths and Legends is the choice for collectors and Asian-market buyers; the Britannia is the practical UK tax-efficient holding.