5 oz Gods of Olympus Silver Coin

Perth Mint's Ultra-Limited Greek Mythology Silver

The 5 oz Gods of Olympus is one of the rarest regular bullion products from the Perth Mint, with a mintage of just 450 coins per release. Struck in .9999 fine silver and issued as legal tender of Tuvalu ($5 TVD), each coin depicts a different Greek deity from the Olympian pantheon. The series began as antiqued numismatic pieces in 2014, then relaunched in 2020 as a bullion programme distributed exclusively through Lee Precious Metals (LPM) in partnership with the Perth Mint.

At 155.53 grams and 55.90mm diameter, the 5 oz format provides a generous canvas for the dramatic classical scenes that define the series. Poseidon rises from crashing waves with his trident, Ares charges in Corinthian helmet and armour, Apollo plays his lyre as Daphne transforms into a laurel tree. The Perth Mint's engraving quality at this scale captures detail that smaller formats cannot reproduce. Every coin carries the Perth Mint "P" mintmark and comes with a certificate of authenticity.

The 450-piece mintage places this firmly in the collector-grade category rather than pure bullion. Premiums reflect the scarcity, the Perth Mint's production quality, and the series' established following among mythology enthusiasts. For buyers seeking 5 oz silver at minimal premiums, mass-produced options like the 5 oz Grand Maple Leaf or 5 oz Magnificent Maples will be substantially cheaper per ounce. The Gods of Olympus rewards those who value rarity and artistic execution alongside silver content.

Gods of Olympus 5 oz Silver Technical Details

The obverse carried the Ian Rank-Broadley portrait of Queen Elizabeth II with reign dates "1952-2022" on earlier issues. Newer releases transition to the King Charles III effigy. The reverse features a dramatic scene specific to each deity, with the god or goddess depicted in classical pose against thematic background elements. The Perth Mint "P" mintmark appears on the reverse.

Releases in the 5 oz Format

The bullion series launched in 2020 with Zeus and has expanded to include Poseidon, Hades, Hera, Ares, Apollo, and Artemis. The trajectory suggests the series may eventually cover all twelve major Olympians. A 5 oz antiqued version exists with a mintage of just 50 pieces, making it one of the most exclusive Perth Mint products available to retail collectors.

Gods of Olympus Tax and Legal Status

The 5 oz Gods of Olympus is legal tender of Tuvalu, a small South Pacific island nation (population approximately 11,000) that licenses its currency to international mints for commemorative and bullion issues. The Tuvalu Dollar is pegged 1:1 to the Australian Dollar. The coins carry genuine sovereign backing despite being unlikely to ever circulate on Tuvalu itself.

United States

The .9999 silver purity exceeds the IRS minimum of 99.9% for precious metals IRAs under Section 408(m), and the sovereign legal tender status qualifies the coin. Individual custodian acceptance should be confirmed given the low mintage and collector-oriented nature of the product. Sales tax varies by state, with approximately 35 states exempting bullion purchases.

United Kingdom

Silver imports into the UK attract 20% VAT. The coin is not UK legal tender, so it is subject to Capital Gains Tax on disposal. No CGT exemption applies. Pre-owned examples may occasionally surface under the margin scheme at reduced effective VAT.

Australia

As a coin struck by the Perth Mint and issued under Tuvalu (which uses currency pegged to the AUD), classification for GST purposes depends on whether it meets the investment-grade precious metals definition. At .9999 purity and in coin form from a recognised sovereign issuer, it should qualify for GST exemption, though the limited mintage and collector premium may complicate this classification.

Singapore and Hong Kong

No sales tax applies in Hong Kong. In Singapore, the Investment Precious Metals (IPM) scheme exempts silver at 99.9% purity or higher in qualifying coin form from GST. The Gods of Olympus meets the purity threshold. LPM (Lee Precious Metals) in Hong Kong is the exclusive distribution partner for this series, making it readily available in the Asian market.

Gods of Olympus 5 oz vs Other Perth Mint and Premium 5 oz Silver

The 450-piece mintage makes direct comparison with mass-produced bullion somewhat academic. Buyers choosing this coin have already decided to pay a collector premium. The relevant question is how it compares against other limited-edition 5 oz silver from reputable mints.

Within Perth Mint's own catalogue, the 5 oz Kookaburra offers the same .9999 purity and Perth Mint quality at substantially higher mintages and lower premiums. The Kookaburra's annual design changes create some collector interest, but its production numbers (tens of thousands) keep premiums firmly in bullion territory. The Gods of Olympus is for buyers who have already bought their bullion-weight Kookaburras and want something scarcer.

The 5 oz Fiji Terracotta Warriors from Scottsdale Mint shares the historical/cultural theme approach and limited production (5,000 per year versus 450). At .999 purity versus .9999, and private mint versus government-backed sovereign production, the Gods of Olympus holds technical advantages. The Perth Mint brand carries stronger global recognition and resale confidence than Scottsdale, reflected in the premium difference.

The 5 oz Mexican Libertad offers .999 purity and extremely low mintages (often under 10,000), with strong collector followings in both the US and internationally. Unlike the Gods of Olympus, the Libertad is Mexican legal tender without a face value, giving it unusual legal status. Both command significant premiums over melt; the choice comes down to Greek mythology versus Mexican national symbolism and the relative depth of each secondary market.