Perth Mint

Perth Mint

The Perth Mint is Australia's oldest now running mint. Its history is traced by the Perth Mint to the Royal Mint, which started its Perth division on June 20, 1899 of Great Britain.

Brief History of the Perth Mint in Australia

The foundation stone was laid by Sir John Forrest in 1896, and the Mint officially opened its doors in June 1899. Gold discoveries in the Coolgardie Kalgoorlie Murchison and surrounding areas of the colony sparked rapid population growth (23,000 in 1869 to 180,000 in 1900).

The Perth Mint was the only place where miners could exchange their raw gold for goods because there was so little money in the city.

History of the Perth Mint

The Mint was a British colonial institution until 1 July 1970, when it was transferred to the Western Australian government as a legislative authority. Around 106 million gold sovereigns and 735,000 half-sovereigns were struck at the Perth Mint between 1899 and 1931 for circulation in Australia and the British Empire. In 1931, the Royal Mint stopped minting British gold sovereigns. In spite of this, the refinery was kept occupied by the production of magnificent gold bullion bars by its employees, The Mint, on the other hand, was soon back in the business of minting coins. During World War II, the Perth Mint began producing Australian coinage from scrap metal. Up until 1983, the Perth Mint was responsible for the majority of Australia's lower-denomination currency. The Perth Mint made a 13-troy-ounce (400 g) proof plate in 1957 with six nines - 999.999 percent gold by weight: 58 The Royal Mint was so pleased with the results that it placed an order for some gold to be used as a reference.

In 1987, the Gold Corporation was formally founded by a State Act of Parliament, indicating the Mint's new orientation.

A special deal with the Australian Treasury allowed the Produce's new operator to Mint and promote Australian legal tender gold, silver, and platinum coins to investors and collectors across the world. Series of Gold Coins Honoring Former Australian Prime Minister Bob Hawke, Issued in 1987. The goal of selling 130,000 ounces of gold by the end of June was reached by selling 155,000 ounces worth A$103 million on the first day.

From 1900 to 2000, the Mint produced 3,25 percent of the world's refined gold. This relates to the current gold bullion holdings at Fort Knox by the United States Bullion Depository.

In 2003, The Perth Mint built a state-of-the-art manufacturing facility on 8,400 square meters next to its historic limestone headquarters. With a gold coin that was three times larger, three times heaver, and three times more expensive, the Perth Mint broke the previous record set by the Royal Canadian Mint in October 2011. There are 1,012 kilograms (99.99 percent) gold in the money, which is 80 cm in diameter and 12 cm thick.

The front has Elizabeth II's effigy, while the reverse depicts a red kangaroo. Despite the fact that it has a face value of $1 million, its minting value was $53.5 million.

Even today, the Mint refines gold and creates numismatic products for investors and coin collectors to satisfy their interests.. Most of Australia's legal tender precious metal coins are produced and marketed by this company, including gold proof Nugget coins and platinum Koala coins. Silver Kookaburras from the Swan series At a secure facility outside of town, the Mint refines about 79% of Australasian gold production and 30% of Australasian silver production. It uses both Australian and foreign gold to make 10% of the world's gold coins and bars. It sold gold, silver, and platinum bars and coins worth $18.9 billion in 2018.

More of the best gold mints in the world in our complete mint comparison.

Bullion Made By the Perth Mint

Perth Mint Gold Bullion

  • Gold Lunar Coins
  • Gold Bars
  • Gold Kangaroo Coins
  • Gold Rectangular Dragon Coins
  • Gold Swan Coins
  • Gold Koala Coins
  • Gold Sovereigns
  • Gold Nugget Coins
  • Gold Commemorative Coins

Perth Mint Silver Bullion

  • Silver Lunar Coins
  • Silver Bars
  • Silver Koala Coins
  • Silver Swan Coins
  • Silver Kangaroo Coins
  • Silver Kookaburra Coins
  • Silver Emu Coins

Perth Mint Platinum Bullion

  • Platinum Kangaroo Coins
  • Platinum Lunar Coins
  • Platinum Koala Coins
  • Platinum Platypus Coins
More Bullion Mints

List of mints from around the world that produce bullion products including coins and bars for investing.

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