Perth Mint is the largest mint in Australia. The Royal Mint of London founded the Perth Mint in 1899 alongside an already existing Sydney branch (1855) and Melbourne branch (1872). Since then, the Sidney and Melbourne branches have both closed, making the Perth Mint the oldest in Australia. As the name indicates, it is located in Perth, Australia.
The Perth Mint originally refined gold and made gold coins for Australia. Today, the mint makes currency for the Commonwealth of Australia and is owned by the Government of Western Australia. The company refines gold into bars and custom coins. It also works with other precious metals suitable for collectors and investors.
The Perth Mint has always been associated with Australia's ruling government. Before independence, the mint answered to authorities in London. Today, Australia runs Perth Mint without oversight from England.
The mint was important to the British Empire until the early 1930s, when England stopped using the gold standard. Before 1931, Perth Mint made over 106 million gold sovereigns used as Australian currency.
More recently, Perth Mint made the world's largest gold coin in 2011. The 99.99 percent pure gold coin weighs 2,231 pounds. It's approximately 4.7 inches thick and 31 inches wide. The coin, which has a face value of $1 million, is legal tender in Australia. The actual value of the coin, however, is over $50 million.
The Perth Mint deals with gold, silver, and platinum. It mints several types of currency for the Australian government. Some currencies made by Perth Mint include the Australian Nugget gold coins and Australian Silver Kookaburra coins. All products have been tested to 99.99 percent purity.
Perth makes gold bullion bars in a variety of sizes. Some popular sizes include 5 grams, 10 grams, 20 grams, 1 ounce, and 10 ounces. All bullion sizes come with security features ensuring authenticity. This includes, in most cases, an Assay card which will visibly display the bars unique serial number, weight and purity. Perth meets such high quality standards that it has become a leader in the world's bullion production; its authenticity rarely being questioned and highly regarded.
Investors like products from the Perth Mint because it offers a large variety that include excellent security and anti-counterfeiting features. Perth Mint uses a swan imprint on one side of the gold bars along with the mint's name, the amount of gold, and the purity percentage. The backsides of some gold bars are decorated with kangaroos.
Perth Mint gold bars are individually sealed in a card that includes the bar's serial number and the chief assayer's signature. The tamper-resistant card makes it difficult for anyone to alter bars or sell forgeries.
While many collectors and investors will want to keep Perth Mint gold bars in their possession, the mint has a certificate program that lets individuals and corporations invest in bullion that remains stored at the Perth Mint vaults. Buyers receive certificates of ownership, but they do not have physical possession of the bullion. Certificates state the owner's name and how many ounces they purchased.
Lloyd's of London insures all bullion kept in the Perth vaults for extra security.
The Perth Mint has competitive prices that fluctuate according to gold bullion rates. Considering the security features and popularity of the products, gold bars from Perth can make excellent collectible items or investments. Perth Mint has a long, interesting history of making gold bars and coins. It's variety of products, high purity standards, and security features make it one of the world's most popular gold bullion producers.