2016 1 Oz North American Mint Silverbug Island Kraken Round BU

The Silverbug Island series was minted to honor the popular Reddit Silverbug community. Beginning in 2015, the North American Mint minted a series of eight rounds. The eight rounds track a pirate ship in search of treasure. This is the first in the series. Proof mintages were limited to 20,000 and BU mintages were unlimited.

Obverse: The obverse depicts a massive Kraken emerging from the depths and capturing a huge pirate galleon in its tentacles. In the foreground, a tentacle from the Kraken grabs an open chest of silver coins. The year of issue "2016" is located on the lower right.

Reverse: The central feature on the reverse is a pirate ship sailing to the right.  A mound of coins rising above the water is seen in the background.  The phrase inscribed at the top reads “WELCOME TO SILVERBUG ISLAND”. The weight, purity, and content of “1 TROY OZ .999 FINE SILVER” are engraved around the design at the bottom.