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Category: Perth Mint

Perth Mint Unveils the Gold and Silver Bullion Coins to be offered in 2011

Recognized throughout the world for their superior quality, superb artistry and Government guarantee of weight and purity, the Perth Mint has unveiled it’s 2011 Australian Bullion Coin Program. These pure gold and silver coins are actives sought after by both investors and collectors.

The comprehensive line-up for 2011 includes two designs for gold bullion coins ranging from 1/20oz up to 10 kilos and three designs for Silver bullion coins from 1/2oz up to 10 kilos.

Struck by The Perth Mint from 99.99% pure gold, each coin is issued as legal tender under the Australian Currency Act 1965, the undisputed guarantee of its weight and purity. Portraying creative new reverse artistry, every 2011 gold bullion coin also features The Perth Mint’s historic ‘P’ mintmark, a traditional symbol of quality trusted by investors worldwide. Uniquely, many of these releases are restricted by mintage, a feature that creates an exciting potential for even greater investment return in the form of a numismatic premium.

AUSTRALIAN KANGAROO GOLD BULLION COINS : 1 kilo, 1oz, 1/2oz, 1/4oz, 1/10oz
A kangaroo is the most instantly recognisable wildlife symbol of Australia. In 2011, The Perth Mint is releasing four small gold bullion coins portraying two kangaroos ‘boxing’ in the outback. In addition, a large 1 kilo Australian Kangaroo coin is available with a classic kangaroo design by Dr Stuart Devlin, AO CMG goldsmith and jeweller to Her Majesty Queen Elizabeth II.

No more than 350,000 1oz coins, 100,000 1/2oz coins, 150,000 1/4oz coins and 200,000 1/10oz coins will be produced in 2011.

AUSTRALIAN LUNAR GOLD BULLION COINS : 10 kilo, 1 kilo, 10oz, 2oz, 1oz, 1/2oz, 1/4oz, 1/10oz, 1/20oz
The Australian Lunar series of gold coins epitomizes The Perth Mint’s rich tradition of minting investor coins portraying Chinese themes. This year’s releases mark the 2011 Year of the Rabbit, one of 12 animals associated with the ancient Chinese lunar calendar. In Chinese culture, people born in the Year of the Rabbit – 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999 and 2011 – are articulate, talented, and ambitious. They are virtuous, reserved, and have excellent taste. Rabbit people are admired, trusted, and are often financially lucky. They are fond of gossip but are tactful and generally kind. Rabbit people seldom lose their temper. They are clever at business and being conscientious, never back out of a contract.

No mintage limit applies to 1 kilo, 10oz, 2oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz coins. However, production will close at the end of 2011, when The Perth Mint will declare each coin’s official mintage. A maximum of 100 10 kilo coins will be produced on a made-to-order basis. However, production will close at the end of 2011, when the coin’s actual mintage will be declared. The Perth Mint will produce no more than 30,000 1oz coins. Production will cease when the mintage is fully sold or at the end of the series, whichever comes first. (more…)

Second Largest Gold Nugget in the World On Display at Perth Mint

One of the largest gold nuggets ever discovered has gone on display at The Perth Mint.

perth_mint_normandy_nuggetNewmont Mining Corporation’s Normandy Nugget, which was found in a dry stream bed near Kalgoorlie, Western Australia in 1995, can now be seen up close in the Mint’s fascinating Gold Exhibition. Weighing in at 25.5 kilograms, it is the second largest nugget in the world today having escaped being melted down, and is the 26th largest gold nugget ever discovered.

Information published by the University of Southern California, where the 40 million year-old nugget was examined in 1999, showed it to be 80 to 90% highpurity gold. That gives the nugget an intrinsic value of approximately AU$800,000 at today’s gold price, but its uniqueness and historical significance means it would doubtless fetch much more.

Perth Mint Chief Executive Officer Ed Harbuz said the Mint was delighted to be able to put Newmont’s Normandy Nugget on display. “It is a coup for the 100,000- plus people who visit our Gold Exhibition annually to be able to see this important cultural and heritage asset symbolising almost 160 years of gold discoveries in Australia,” he said.

Normandy Mining, now part of Newmont Australia, purchased the nugget in 2000 after the Commonwealth Government objected to attempts by its finder to sell the culturally significant object overseas. It was brought home with the aim of ensuring it remained in Australia for all to see and admire.

Since then, it has been displayed at museums around the world including Denver and Tokyo before Newmont agreed to a long-term loan to the historic Perth Mint. Newmont Mining Corporation (www.newmont.com) was founded in 1921 and is headquartered in Denver, Colorado. It has operations in the United States, Australia, Peru, Indonesia and Ghana, and in 2007, it became the first gold company selected to be part of the Dow Jones Sustainability World Index. In Australia, Newmont owns the Tanami gold mine in the Northern Territory, the Boddington and Jundee gold mines in Western Australia, and is also a joint owner of the Super Pit in Kalgoorlie.
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Perth Mint unveils the 2010 Australian Bullion Coin Program

Recognised throughout the world for their superior quality, superb artistry and Government guarantee of weight and purity, the Perth Mint has unveiled it’s 2010 Australian Bullion Coin Program. These pure gold and silver coins are actives sought after by both investors and collectors.

The comprehensive line-up for 2010 includes two designs for gold bullion coins ranging from 1/20oz up to 10 kilos and three designs for Silver bullion coins from 1/2oz up to 10 kilos.

1 oz and 1 Kilo Gold from the Perth MintGold & Silver Bullion Coins
Struck by The Perth Mint from 99.99% pure gold, each coin is issued as legal tender under the Australian Currency Act 1965, the undisputed guarantee of its weight and purity. Portraying creative new reverse artistry, every 2010 gold bullion coin also features The Perth Mint’s historic ‘P’ mintmark, a traditional symbol of quality trusted by investors worldwide. Uniquely, many of these releases are restricted by mintage, a feature that creates an exciting potential for even greater investment return in the form of a numismatic premium.

AUSTRALIAN KANGAROO GOLD BULLION COINS : 1 kilo, 1oz, 1/2oz, 1/4oz, 1/10oz
A kangaroo is the most instantly recognisable wildlife symbol of Australia. In 2010, The Perth Mint is releasing four small gold bullion coins portraying two kangaroos ‘boxing’ in the outback. In addition, a large 1 kilo Australian Kangaroo coin is available with a classic kangaroo design by Dr Stuart Devlin, AO CMG goldsmith and jeweller to Her Majesty Queen Elizabeth II.

No more than 350,000 1oz coins, 100,000 1/2oz coins, 150,000 1/4oz coins and 200,000 1/10oz coins will be produced in 2010.
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PERTH MINT TO RESUME TAKING BULLION COIN ORDERS

Gold Coins from the Perth MintThe Perth Mint has announced that it will resume taking orders for a popular range of gold and silver bullion coins from 12 January 2009.

The announcement follows an earlier Perth Mint communication advising clients that as a result of unprecedented worldwide demand, it had been forced to close its new order book for gold and silver bullion coins, except its 1oz Kangaroo gold bullion coin. Orders for popular numismatic products and Depository/Certificate products were, and continue to be, unaffected.

Due to its reputation and extensive connections in the bullion market, the Western Australian State-owned Mint continues to have no problem sourcing wholesale gold and silver. The decision to temporarily suspend taking new orders for gold and silver bullion coins was purely a result of the 100 per cent utilisation of its production capacity.

As of 12 January, the Mint will be resuming orders for a streamlined range of 1oz and 1kg Australian Koala, Australian Kookaburra and Australian Lunar silver bullion coins, as well as 1oz Lunar gold bullion coins.

By limiting the range to these coins and the 1oz Kangaroo gold bullion coin, the Mint expects to be able to increase production volumes from existing production capacity. (more…)

YOUNG COLLECTORS SET TO INSPIRE NEW GENERATION OF COIN COLLECTORS

In a market-leading initiative designed to help create a new generation of coin collectors, The Perth Mint has announced Young Collectors, the first Australian legal tender coin program exclusively designed, packaged and priced for 8 to 12 year-old children.

With the number of mature-aged collectors in decline around the world, Perth Mint Sales and Marketing Director Ron Currie said that the industry was in agreement that new initiatives were needed to boost participation in one of the world’s oldest hobbies.

“Young Collectors is set to tackle the challenge with a program of annual releases portraying themes appealing to children,” he said.  “It starts in 2008 with the release of 12 Australian Animal $1 coins on brightly illustrated information cards.”

Sample Card Kit and CoinMr Currie said that the program would also appeal to adult collectors wishing to share their passion for coins.  “We’re hopeful that they will see Young Collectors as the ideal way of igniting young people’s interest in the hobby.  Consequently, we’ll be promoting the program as a great gift idea, particularly for people looking for traditional toys with educational value and enduring appeal.”

Featuring the Wedge Tailed Eagle, Grey Kangaroo, Australian Sea Lion, Palm Cockatoo, Echidna, Platypus, Ghost Bat, Common Wombat, Green Turtle, Splendid Wren, Frilled Neck Lizard and Whale Shark, Young Collectors portrays many popular Australian animals.  Each coin’s accompanying presentation card offers fascinating animal facts validated by expert staff from two leading Australian Museums. (more…)

Perth Mint Releases Second Orbital Coin Celebrating Yuri Gagarin

Orbital Coin from the Perth MintThe second release from The Perth Mint’s innovative Orbit and Beyond Series celebrates Yuri Gagarin, Soviet cosmonaut and national hero, who became the first human in space and the first to orbit the Earth on 12 April 1961.

Struck by The Perth Mint, the coin comprises 1oz of 99.9% pure silver with a central core made of non-precious metal.

Coloured Reverse Design

The coin’s reverse comprises the border inscription 1961 FIRST MAN IN SPACE – YURI GAGARIN and a montage of coloured images symbolising his epic journey. Blasting-off in Vostok 1 from Baikonur in Soviet central Asia, Gagarin completed a single orbit of the Earth in 108 minutes before re-entering the atmosphere and parachuting back to the Soviet Union.

Unique ‘Orbital’ Coin Construction

Thanks to the coin’s unique construction, these design elements literally ‘orbit’ around a coloured representation of Earth. (more…)

The Perth Mint – New Product Releases

Perth Mint 2008 Gold Koala ProofFIRST AUSTRALIAN KOALA GOLD PROOF COIN SERIES
The Perth Mint is proud to announce an iconic new series of proof quality 99.99% pure gold coins.

Introduced in response to collector desire for an Australian gold coin series depicting the Mint’s popular koala design theme, these stunning numismatic releases are meticulously struck in proof quality.

Available in three denominations, the Australian Gold Proof Koala is the first Perth Mint series to include a 1oz ‘high relief’ coin. The spectacular release is struck on a significantly thicker blank to accommodate the greater design depth on its specially prepared die.

A mother and baby koala sitting on a tree branch are depicted on the reverse of each coin. The design, which also incorporates The Perth Mint’s ‘P’ mintmark, is struck in ‘high relief’ on the 1oz coin.

Issued as legal tender under the Australian Currency Act 1965, proof quality Australian Koala gold coins are set to delight the most fastidious collectors into the future with appealing new designs each year.

2008 Gold Good Fortune Proof2008 GOOD FORTUNE GOLD PROOF COIN
Chinese culture is steeped in lucky symbols. This stunning coin, which portrays several symbols of fortune and wealth, also reflects the auspiciousness of the number eight in traditional beliefs.

The centre of the octagonal coin’s reverse design portrays a stylised combination of Chinese characters with the literal meaning ‘bringing money and treasures’. Other design elements portray:

– a peony, the ‘flower of riches’, in colour
– eight yuan bao, small ingots used in ancient China as money
– a string of eight lucky coins with square holes

In ancient times, the circular shape of such coins was said to represent Heaven, while their square hole symbolised Earth.

Struck by The Perth Mint from 8.88g of 99.99% pure gold in proof quality, the eight-sided coin is issued as legal tender under the authority of the Government of Tuvalu. Housed in attractive presentation packaging, the coin is limited to an extremely limited mintage of just 2,008. (more…)

Unfounded Allegations Regarding Perth Mint Certificate Program

By: Mark O’Byrne, Gold & Silver Investments Limited

Further to recent articles containing unfounded rumours and allegations alleging that the Perth Mint does not have physical precious metals (especially silver) to back its storage programmes or to make deliveries we have received a few phone calls and emails from concerned clientele.
Perth Mint

Both the Perth Mint and Gold Investments strongly refute these absolutely baseless allegations.

Firstly, it is important to remember that the Perth Mint is owned by the Government of Western Australia and is run within very strict and ethical guidelines. The Perth Mint does not and would not contravene the law and act in a manner which would embarrass its government owner. Indeed because it is government owned it has to be absolutely scrupulous in adhering to strict business procedures. For every ounce of precious metal that is sold to a client, the Perth Mint must buy a corresponding ounce in the marketplace. The Perth Mint is audited rigorously by the Auditor General of Western Australia as well as by internal auditors Price Waterhouse Coopers, to ensure that this policy is maintained at all times.

The Perth Mint holds full inventory confirmations on a quarterly basis as well as the comprehensive audits. The Perth Mint Depository programs are not permitted to, and do not, run short positions under any circumstances The Perth Mint does not lease metal out to mining or exploration companies and does not undertake precious metal derivative transactions.

The Mint shares concerns about pool and unallocated accounts where it cannot be established if the operator is backing its liabilities to investors. Gold Investments would advise investors to research and question any program or facility they are investing in.

The Perth Mint Certificate Program remains one of the world’s safest and securest ways of owning gold and silver offshore. All methods of investing in precious metals have pros and cons. However we are confident that the AAA rated government Perth Mint is the safest option when it comes to third party precious metal ownership. (more…)

Australian Historical Coin Collection II from the Perth Mint

Presentation Box of Perth mint Historical Coin Collection IIA follow-up to the original Historical Coin Collection (which was sold out), the second Historical Coin Collection is a celebration of Australia’s currency heritage. Individual coins to be released in 2008, include 12 releases, each with a reverse design portraying a coin or token of historic importance.

The 12 Crown-sized reproduction coins (40mm) are each struck by The Perth Mint from 1oz of 99.9% pure silver. Three of the coins are plated in 99.99% pure gold, and three are plated in copper.

Collection trayThe obverse of each coin, which is released as legal tender of the Cook Islands, portrays Raphael Maklouf’s portrait of Her Majesty Queen Elizabeth II  and includes a wooden velvet-lined presentation case along with a Replica Collection comprising actual size replicas of all 12 historical coins and tokens.

Only 1,500 of these collections will ever be released and you may purchases the complete set from the Perth Mint or sign up for a monthly subscription Plan. Check the Perth Mint web site here for full details. (more…)

HISTORIC PERTH MINT STRIKES A NEW MODERN CORPORATE IDENTITY

Today, the historic Perth Mint reveals its new corporate identity to an international audience at the 2008 World Money Fair in Berlin, Germany.

New Perth Mint LogoPerth Mint Chief Executive Officer, Ed Harbuz said “revitalising The Perth Mint brand was necessary to echo expanding global business activities and to provide flexibility to adapt to the increasingly varied media in which the Mint features.”

Since its foundation day on 20 June 1899, The Perth Mint’s corporate identity has evolved from being represented by the official seal of the Royal Mint, through various interpretations, to a symbolic logo depicting a rampant swan.

“Our new corporate identity is reflective of a modern organisation. It will serve us well into the 21st century, while maintaining strong links to our long and distinguished past,” said Mr Harbuz. (more…)

Australian Lunar Series II 2008 Gemstone Mouse 1kg Silver Coin

Perth MintThe immensely popular Chinese Lunar design theme is secure with the announcement of The Perth Mint’s Australian Lunar Silver Coin Series II. The new Gemstone Edition celebrates the Chinese Lunar Year of the Mouse. The 2008-dated coin is struck from 1kg of 99.9% pure silver in specimen quality.

This coin’s reverse design depicts a coloured image of two mice on a bed of straw with pumpkins and a vine in the background. As well as the inscription ‘Year of the Mouse’ and the Chinese character for ‘mouse’, the design also incorporates The Perth Mint’s ‘P’ mintmark. The spectacular reverse includes blue sapphires which have been inset in the visible eye on both mice.

Issued as legal tender under the Australian Currency Act 1965, the coin features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on its obverse. The Perth Mint will release no more than 5,000 Gemstone Edition coins celebrating the 2008 Year of the Mouse. (more…)