About the Author

The Perth Mint - Australia

The Perth Mint opened in 1899 in response to the discovery of rich gold deposits in Coolgardie and Kalgoorlie. It was Australia’s third branch of Britain’s Royal Mint - the others being the Sydney Mint and the Melbourne Mint (both closed).

Diggers, who flocked to the then colony of Western Australia in huge numbers from other parts of Australia and from around the world, deposited their raw gold at The Perth Mint where it was minted into gold coins.Between 1899 and 1931, The Perth Mint struck more than 106 million gold sovereigns and nearly 735,000 half-sovereigns for use as currency in Australia and throughout the British Empire.

The Perth Mint remained under Britain’s jurisdiction until 1 July 1970, when ownership transferred to the State Government of Western Australia. The change came at a fortuitous time, preceding by a few years the beginning of a new gold boom. With the price of gold rising dramatically, The Perth Mint became the focus of renewed interest and opportunity.

The Mint’s new direction was formalised in 1987 with the creation of Gold Corporation by a State Act of Parliament. Under a unique agreement with the Commonwealth of Australia’s Department of the Treasury, the Mint’s new operator was empowered to mint and market gold, silver and platinum Australian legal tender coinage to investors and collectors worldwide.

Today, The Perth Mint is a member of an elite group of world mints whose pure gold, silver and platinum legal tender coins are trusted without question. Like the Australian Nugget, its Australian Kookaburra Silver Coin Series and Australian Lunar Gold and Silver Coin Series are extensively sought after by bullion investors worldwide.

RSS Feed for This PostPost a Comment

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.