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About the 1 oz Gods of Olympus Silver Coin
Perth Mint's Greek Mythology Bullion Series
The 1 oz Gods of Olympus silver coin is produced by the Perth Mint and issued as legal tender of Tuvalu, carrying a $1 TVD face value. Each annual release features a different Greek god or goddess from the Olympian pantheon, rendered in the Perth Mint's characteristic high-relief style. The series launched in 2020 as a bullion adaptation of an earlier 2014 numismatic programme, and it distinguishes itself from mass-market bullion through two factors: .9999 fine silver (four nines, matching the Canadian Maple Leaf) and a mintage of just 13,500 pieces per annual design.
That mintage figure is key to understanding this coin's market position. A standard Perth Mint Lunar coin runs into the hundreds of thousands; the Gods of Olympus produces fewer than 14,000. This is not a coin you accumulate by the tube for pure silver weight. It occupies the space between investment bullion and collector piece, with premiums that reflect the limited supply and the Perth Mint's production quality.
The series is distributed through an exclusive partnership with LPM (Lee Precious Metals), giving it strong circulation in Asian and Australasian markets. Each year adds a new deity, with releases to date including Zeus (2020), Poseidon and Hades (2021), Hera (2022), and Ares, Apollo, and Artemis (2023). The trajectory suggests the series may eventually cover all twelve major Olympians.
Gods of Olympus 1 oz Silver BU Specifications
| Attribute | Value |
|---|---|
| Metal | .9999 fine silver |
| Weight | 1 troy oz (31.107 g) |
| Diameter | 40.90 mm |
| Thickness | 3.5 mm |
| Face value | $1 TVD (Tuvalu dollar, pegged to AUD) |
| Edge | Reeded |
| Mintage | 13,500 per design |
| Mint | Perth Mint (Western Australia) |
| Mint mark | "P" on reverse |
The series also exists in 1 oz gold (.9999, mintage 100), 5 oz silver BU (.9999, mintage 450), and 1 oz silver antiqued (.9999, mintage 1,500) variants. Each reverse features a dramatic classical scene specific to that year's deity. The obverse carries the Jody Clark portrait of Queen Elizabeth II with reign dates "1952-2022," transitioning to King Charles III on newer issues. All coins ship in protective capsules, with the 5 oz and gold versions including a Certificate of Authenticity.
From Numismatic Rarity to Bullion Relaunch
The Gods of Olympus name first appeared on Perth Mint coins in 2014, when the mint released its first-ever antiqued coin. That original programme featured 2 oz rimless antiqued silver coins with extremely limited mintages around 1,500 pieces. A trilogy of Zeus, Poseidon, and Hades launched the line, followed by a complete twelve-deity set in 2016-2017 covering all major Olympians from Athena to Hestia, plus a 5 oz Mount Olympus centrepiece coin.
The 2020 bullion relaunch adapted those original designs for a more accessible format. The decision to offer BU (brilliant uncirculated) finishes alongside antiqued versions opened the series to bullion buyers who would never have paid numismatic premiums for the 2014 originals. The bullion series started with Zeus, then Poseidon and Hades in 2021, Hera in 2022, and expanded into gods not covered in the original 2014 trilogy with Ares, Apollo, and Artemis in 2023.
Each reverse design captures its deity in a dramatic narrative moment. Poseidon rides crashing waves with trident raised; Apollo plays his lyre as Daphne transforms into a laurel tree beside him; Ares stands armoured amid the chaos of battle. These are not static portrait coins. The design philosophy treats each piece as a miniature sculpture, leveraging the Perth Mint's reputation for high-relief detail work that justifies the premium positioning above standard bullion.
Gods of Olympus vs Perth Mint Lunar and Other Mythology Series
The Perth Mint Lunar series is the obvious internal comparison. Lunar coins run into the hundreds of thousands per design with unlimited mintage years, making them highly liquid on the secondary market. They trade at modest premiums over spot and are stocked by every major dealer globally. The Gods of Olympus, at 13,500 per design, is a different proposition entirely: tighter supply, higher premiums, and a collector audience that overlaps with but does not replicate the Lunar buyer base.
Against mythology-themed competitors, the Royal Mint's Myths and Legends series (featuring Robin Hood, Merlin, and Morgan le Fay) offers the advantage of UK legal tender status and CGT exemption in Britain. That tax benefit is meaningful for UK buyers, though the Royal Mint coins use .999 silver rather than .9999. The Austrian Mint's Archangel coins provide European mythology with Euro-denominated legal tender status, appealing to EU buyers for potential VAT treatment advantages.
For buyers choosing between 1oz silver coins purely by investment merit, mainstream sovereign bullion like the 1 oz Canadian Maple Leaf offers lower premiums and superior liquidity. The Gods of Olympus serves buyers who want Perth Mint quality with mythological appeal and are willing to pay the premium that 13,500-piece annual production commands. The .9999 purity matches the Maple Leaf exactly, so no compromise exists on metal fineness.
1 oz Gods of Olympus Silver Coin: frequently asked questions
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The Gods of Olympus coins are struck by the Perth Mint in Australia, which produces them under a contract with the government of Tuvalu. They are issued as legal tender of Tuvalu (denominated in Tuvalu dollars, pegged to the Australian dollar), though they are produced and sold as collector bullion rather than circulating currency.
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The bullion series, which relaunched in 2020, has featured Zeus, Poseidon, Hades, Hera, Ares, Apollo, and Artemis. Each release depicts one or more Greek Olympians in dramatic classical poses. A separate antiqued numismatic series released in 2016 to 2017 covered all twelve major Olympians; the bullion relaunch continues to expand beyond the original three.
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VAT and sales tax on silver vary by country. In the UK, silver bullion coins are subject to 20% VAT. In Canada, investment-grade silver is exempt (0%). In Australia, silver bullion generally carries no GST (0%). As Tuvalu legal tender, the coins are not UK legal tender and carry no UK CGT exemption; UK gains are taxed at 18% to 24%.