Many investors choose to boost their investment portfolio with precious metals like platinum, silver and gold, seeing this as an effective way to protect themselves from fluctuations in the stock market. The Perth Mint is a premium manufacturer of precious metal coins like the 1 oz Silver Kangaroo and gold bars; their quality and stunning designs appeal to investors and collectors alike.
The Perth Mint began in 1899 as a branch of London’s Royal British Mint in response to the discovery of vast gold deposits in western Australia. For a time, it was the largest provider of gold sovereigns in the British Empire.
In 1987, the mint was taken over by an act of government creating The Gold Corporation and tasked with the mission of creating and overseeing Australia’s official bullion coin program.
Today, in addition to designing and promoting bullion coins for investment, the Perth Mint also refines gold and silver and creates precious metal coinage blanks for governments and financial institutions around the world. The mint is also an integral part of Australia’s cultural heritage and houses a museum which offers guided tours of the manufacturing facilities.
In 1957, the Perth Mint achieved something miraculous in precious metals refining, producing a 13 troy ounce gold “proof plate” of 999.999 gold parts per thousand. This unheard-of feat so impressed the Royal Mint in London that it ordered the plate for use as a benchmark for its own mint standards.
The Perth Mint also holds the record for the largest and most valuable coin ever created. In 2011, the mint created a gold coin over 30 inches in diameter and almost 5 inches thick, issued as legal tender in Australia with a $1 million face value. The coin, bearing a red kangaroo on the front and the likeness of Queen Victoria on the reverse, was valued at $53.5 million at the time it was minted.
From the mint’s founding in 1899 until 1931, when Britain dropped the gold standard, the Perth Mint struck nearly 110 million gold sovereigns, an astonishing number. Although it was no longer manufacturing sovereigns after 1931, the mint continued to produce gold bullion bars.
During World War II, the mint was tasked with minting coins from base metals; in fact, it produced nearly all of Australia’s low-denomination coins.
In 1987, after control of the mint had passed to the Australian government, the Gold Corporation fulfilled its commission to create beautiful legal tender bullion coins that would create a stir in the investor and collector world. Its first collection, the Australian Nugget Gold Coin series, sold over 155,000 ounces totaling $103 million on its first day of trading.
In 2003, the mint opened a state-of-the-art refining facility next door to its original historic limestone building. Along with the Australian Nugget series, the Kookaburra Silver Coin Series and the Australian Lunar Series in both gold and silver are popular favorites with investors and collectors worldwide.
The Perth Mint is one of the worlds leading refiners of gold and silver and is accredited with London Bullion Market Association (LBMA), the Tokyo Commodities Exchange (TOCOM), the New York Commodities Exchange (COMEX), and the Dubai Multi Commodities Center (DMCC). It is the official provider of the Australian government’s legal tender bullion coin program.
In addition, the Perth Mint manufactures gold and silver bullion bars for investment, and precious metal blanks for coinage by governments around the world. It also produces a wide array of collector-series coins in platinum, gold and silver, as well as base metals, and offers private minting services for custom commemorative coins and medals. The Perth Mint also manufactures a line of gold and silver jewelry based on its coin designs.
All of the Perth Mint’s coins and bars are usually shipped in their original mint sealed packaging. For most all of their coins, this will include an air-tight plastic coin capsule while their bars all come in an assay card which displays and verifies the bullion’s metal type and purity. Many investors can recognize their gold bars from the green assay certificates they come encased in.
Numismatists and investors pay top dollar for these beautifully wrought bullion coins. Many of the special series coins are issued in limited editions, making them extremely valuable on the collectors market. The most popular Perth Mint bullion coins are the platinum Koalas, the proof-quality Australian Nugget gold coins, and the Australian Kookaburra silver coins. Some also have very strict mintages, for example the Australian Silver Kookaburra coins, making them more valuable as collector’s items.
Perth Mints products are perfect for investors who want to add timeless precious metal bullion to their portfolio and who appreciate unmatched beauty and design artistry. Check out JM Bullion’s extensive inventory of valuable Perth Mint coins which are available in both gold and silver. If you have any questions about our offering of Perth products, feel free to give us a call at 800-276-6508.