Perth Mint

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About Perth Mint

Perth Mint is the oldest, yet most prestigious Australian Mint currently in operation. It was created in 1899 as a branch of the Royal Mint after vast gold deposits were discovered in Australia. Perth Mint Australia provided Great Britain with gold sovereigns up until 1931. When the mint was released from the Britannic ownership, production of Australia’s official currency commenced, as well as the refining of silver and gold along with  creating blank coins for other governments and financial institutions all over the world. Since then, the mint has been accredited by LBMA, TOCOM, DMCC ad COMEX. Perth Mint bullion includes remarkable items, like the Perth Mint gold bars and coins, the Lunar Series and Kangaroo, and Perth Mint Silver Coins. This well-known mint can also be credited for numerous privately minted and custom medals celebratory coins.

The History of the Perth Mint

The Perth Mint, was founded in 1899, after the discovery of gold in its local deposits and two years before Australia became a federation in 1901. Prior to management being passed over to the Australian government in 1970, currency was manufactured by exporting locally minted precious metals to Great Britain to be refined, processed and then imported to be released in circulation. This expensive and long process was the determining factor in the Royal Mint’s decision to open the Perth Mint, along with other two facilities in Melbourne and Sydney, as its three branches in charge of supplying local currency to Australia.

Since its inception and up until 1931, the Perth Mint has produced over 110 million gold products. During World War II, the Perth Mint was encumbered with the the task of manufacturing low-denomination coins using base metals. In 1957 the mint made history by creating  the finest gold plate, composed of 13 troy ounces of .999999 purity, raising the gold purity standards for the Royal Mint. In 1987, the Australian national mint was acquired by the Gold Corporation and in 2003 opened its new facility next to its celebrated original limestone facility.

Perth Mint Products

Perth Mint is famous for its remarkable Australian silver coins: Australian Kookaburra Silver coin, Australian Koala Silver coin, and Australian Kangaroo Silver coin, available in various sizes from ½ ounces to 1 kg options. All the three coin series depict incredibly detailed images of the Australia’s most beloved wildlife. The gold equivalents of these outstanding coins are also very desired among investors and collectors. Perth Mint coins are sold in their original packaging, in special plastic tubes and their bars come in special assay cards which contain the bullion’s purity inscription.

In 2011, Perth Mint broke world records for producing the biggest gold coin with a  $1 million dollar face value made of 1 ton of .9999 pure gold. The coin measured 30 inches in diameter and 5-inch thickness. This impressive government issued coin featured a red kangaroo on its obverse side and Queen Victoria’s portrait on the reverse side. This unique coin was valued as being worth of more than 53 million dollars in 2011.

Perth Mint gold and silver coins, as well as their impressive gold bars, are available for purchase from Bullion Exchanges trusted online web-store. Should you have questions about these popular coins, we encourage you to contact our friendly customer service associates at 800.852.6884. You can also reach a Bullion Exchanges associate via live chat, or by email at info@bullionexchange.com.