About Perth Mint Bullion Blog

This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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Hot bullion coin offers new opportunity to enjoy Dragon and Phoenix design

Topics [ bullion coins gold gold bullion coins gold coin ]

Admirers of The Perth Mint’s China-inspired Dragon and Phoenix design have a limited opportunity to acquire a new gold bullion coin featuring both auspicious mythical creatures.

Their intricate depictions surrounding the representation of a flaming pearl appeared in 2017 on a highly sought-after 1oz silver bullion coin, and two outstanding high reliefs for collectors.

 

Bearing a 2018 year-date, the new coin is struck from 1oz of 99.99% pure gold and features The Perth Mint’s trademark bullion finish with polished design elements on a frosted table.

Perfect for those who require bullion in the trusted form of Australian legal tender, the coin also offers buyers guaranteed rarity with a strict limited mintage of just 5,000.

To take advantage of the Dragon and Phoenix 2018 1oz Gold Bullion Coin, registered customers are invited to place orders on www.perthmintbullion.com while stocks last. Purchasers in Australia may also call customer services on 1300 201 112.

International buyers should contact our Hong Kong distributor LPM as soon as possible.



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Perth Mint unveils Australia’s official bullion coin program for 2018

Topics [ Year of the Dog Australian Kangaroo buy gold coins gold investment Australian Lunar Australian Koala bullion coins Australian Kookaburra buy silver coins ]

The Perth Mint has unveiled shining new designs for Australia’s official Bullion Coin Program.

Issued annually since 1987, the trusted releases offer an outstanding choice of pure gold, silver and platinum coins, each authorised by the Australian Government as official legal tender.

Characterised by outstanding craftsmanship, iconic artistry and assured purity, the new coins, which include the first ever Australian Kangaroo in pure platinum, will become available from The Perth Mint and its authorised dealers worldwide from 11 September 2017*.

 

2018 Australian Lunar Gold and Silver Bullion Coin Series

AVAILABILITY: 11 SEPTEMBER 2017

Extremely popular with investors and collectors, Australian Lunar coins celebrate the 12 animals of the Chinese lunar calendar. In 2018, artistry portraying a labrador retriever on the 99.99% pure gold releases, and German shepherds on the 99.99% pure silver coins, mark the Year of the Dog.

 

The Australian Lunar 2018 Year of the Dog Gold Bullion Coin Series is available in 1 kilo, 10oz, 2oz, 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz sizes. A maximum mintage of 30,000 applies to the 1oz coin.

 

The Australian Lunar 2018 Year of the Dog Silver Bullion Coin Series is available in 1 kilo, 10oz, 5oz**, 2oz, 1oz and 1/2oz sizes. No more than 300,000 1oz will be released.

Availability of a special 10 kilo coin (maximum mintage of 100), will be announced later this year.

 

2018 Australian Kookaburra Silver Bullion Coin Series

AVAILABILITY: 4 OCTOBER 2017

Now struck from 99.99% pure silver, the Australian Kookaburra Bullion Coin Series was originally issued in 1990. In 2018, each coin portrays a stunning representation of the emblematic bush bird on a moonlit night.

 

The 2018 Australian Kookaburra Silver Bullion Coin Series is available in 1 kilo, 10oz, and 1oz sizes.

A maximum of 500,000 1oz coins will be released.

 

2018 Australian Kangaroo Gold, Silver and Platinum Bullion Series

AVAILABILITY: 23 OCTOBER 2017

Thanks to a landmark development, Australia’s original bullion coin series is for the first time offered in three highly sought after investment metals. Portraying imagery of the nation’s most evocative wildlife emblem, the Australian Kangaroo comes in 99.99% pure gold, 99.99% pure silver and 99.95% pure platinum options.

 

The 2018 Australian Kangaroo Gold Bullion Coin Series is available in 1 kilo 1oz, 1/2oz, 1/4oz and 1/10oz sizes. A new design featuring two kangaroos bounding across a rural landscape is included on the four smallest releases.

No more than 100,000 1/2oz, 150,000 1/4oz, and 200,000 1/10oz gold coins will be released.

In common with the 1 kilo gold coin, the 2018 Australian Kangaroo 1oz silver bullion coin and the new 2018 Australian Kangaroo 1oz platinum bullion coin portray classic artistry representing a ‘red’ kangaroo encircled by symbolic rays of sunshine.

 

2018 Australian Koala Silver Bullion Coin Series

AVAILABILITY: 8 JANUARY 2018

In 2018, the Australian Koala also comes in 99.99% pure silver. The 12th annual design portrays one of Australia’s most loved marsupials astride two branches in a flowering eucalyptus tree.

 

The 2018 Australian Koala is offered in 1 kilo and 1oz versions only. Just 300,000 1oz coins will be released.

 

For further information

Download a pdf of the 2018 Australian Bullion Coin Program brochure – ‘Investments destined to shine’.

 

How To Purchase

The following options exist for buyers of the 2018 Australian Bullion Coin Program:

1. Visit the Bullion Trading Room

Invest and pick up in-store from the Bullion Trading Room, 310 Hay Street, East Perth, seven days a week between 9am and 5pm (AWST).

2. Visit the Bullion Sales Website

Register at perthmintbullion.com to order online from the comfort and convenience of your own home between 8.30am and 5pm (AWST).

3. Telephone the Bullion Call Centre

Order from a Customer Services Officer on 1300 201 112 or +61 8 9421 7218 during Monday to Friday between 8.30am and 5pm (AWST).

4. Contact an Authorised Distributor

Contact your local authorised Perth Mint distributor in Australia/New Zealand, Asia, United States, Canada or Europe.


* coin availability dates are subject to minor change should production flexibility be required.
** availability of 5oz Year of the Dog silver bullion coin will available approximately two weeks after the official release date of 11th September.

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Last chance to purchase Year of the Rooster bullion coins online

Topics [ silver bullion coins bullion coins gold bullion coins ]

In anticipation of the release of the 2018 Year of the Dog gold and silver bullion coins series online buyers are urgently reminded that now is your last chance to acquire remaining Australian Lunar – 2017 Year of the Rooster bullion coins.*

Gold Rooster coins currently available for purchase comprise limited stocks of 1/20oz, 1/10oz, 1/4oz, 1/2oz, 2oz, 10oz and 1kg sizes. Silver Rooster coins that remain available for purchase comprise limited stocks of 1/2oz, 2oz, 5oz, 10oz and 1kg coins only. Visit perthmintbullion.com now.

Designed for investors and ideal for people born under the influence of lunar rooster in 1921, 1933, 1945, 1957, 1969, 1981, 1993, 2005, and 2017, the Australian legal tender coins are struck from 99.99% pure gold and 99.99% pure silver. 

*Year of the Rooster coins will still be available for purchase in store or over the phone. Visit our shop at 310 Hay Street, East Perth or call +618 9421 7376.



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Monthly Sales – October 2016

Topics [ minted bars bullion coins buy silver buy gold ]

  - Gold (Au): 79,048 oz

  - Silver (Ag): 1,084,213 oz

This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.



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What’s the difference between ‘bullion’ and ‘numismatic’ coins?

Topics [ gold coins bullion coins silver coins ]

There’s enormous thirst for knowledge about precious metal coins as more people consider whether or not investing in gold and/or silver is right for them.

Reflecting the number of new investors currently taking their first steps into the market, one of our most frequently asked questions is about the differences between ‘bullion’ and ‘numismatic’ coins.

It’s a great question that all ‘gold bugs’ will remember having to ask themselves while developing a passion for precious metals!

What is a numismatic coin?

It helps to characterise numismatic coins so as to appreciate the differences in the way bullion coins are manufactured and marketed.

A numismatist is someone who does more than simply collect coins. They actively study currency, including coins and paper money, or related items such as tokens and medals. Particularly, they’re interested in its historical, social and artistic significance.

Rightly or wrongly, the term numismatic has been adopted by many to describe modern commemorative non-circulating legal tender releases featuring design themes for collectors.

Produced by many of the same mints worldwide that offer bullion coins programs, numismatic issues exhibit exceptional finishes. Unlike circulating coinage, for example, they combine a highly polished (i.e. proof) table that is literally mirror-like, with superb clarity and definition of the raised, frosted elements (relief).


Proof coins were originally trial coins, hand-struck at the start of a mintage, in order that any flaws could be detected and rectified. Then they became a special sample kept as an example of each mintage. Today they are considered numismatic coins – of interest to collectors.

Including intricately coloured, gilded and antiqued coins, modern numismatic releases demonstrate the highly skilled art of the coinsmith. As well as being beautifully finished, they are also typified by a tightly restricted mintage, numbered certificate of authenticity, and decorative packaging.  

Motivation to acquire such coins is often complex. For many it is the strong desire to own something rare and intrinsically valuable with an aesthetically pleasing design that reflects a personal interest.

What is a bullion coin?

In contrast, a person’s interest in bullion coins is likely to be driven by different needs – namely, the desire to speculate in gold and silver; or, more shrewdly, to invest in precious metals over the long term as a store of wealth. Bullion coins can do this because they are valued on the basis of the weight of their precious metal.

Our recently-released 1oz Silver Kangaroo is a classic example of a bullion coin. Like the large majority of our numismatic coins, it is issued as Australian legal tender - its guarantee of weight and purity. However, it is mass-produced in unrestricted numbers with a more basic finish, and comes without display packaging or a certificate.

These factors represent the key to its attraction for investors. They allow the coin to be sold with a low mark-up or ‘premium’ - a small sum over the price of metal to cover the cost of fabrication, including the wages of those involved in design, production, quality control and so on.

As such, the price of a single Silver Kangaroo is only a few dollars above the international ‘spot’ market rate for silver – the benchmark price per ounce you see quoted on the nightly finance report. In short, it represents a cost-effective, trustworthy, and easily tradeable method of gaining exposure to the silver price.

(And with progressive reductions in the premium when buying these coins in quantities of 25, 100, 250 or 500 coins, the ability to invest in silver becomes even more affordable!)


With more than 10 million sold worldwide in less than 12 months, investors have taken a shine to the Australian Kangaroo 1oz silver bullion coin.

‘Semi-numismatic’ bullion coins

It won’t take long for anyone researching the differences between modern numismatic and bullion coins to see references to ‘semi-numismatic’ – a potentially confusing third category!

The Perth Mint is probably guilty of inspiring its origin when, back in 1987, it introduced the Australian Nugget gold coin featuring a far superior bullion finish to anything else available at the time. Essentially, this involved striking shiny relief elements on a frosted table – the reverse of how they appear on a proof coin.

Today, our gold Kangaroo, gold and silver Lunar, silver Kookaburra and silver Koala bullion coin series are all renowned for their ‘reverse proof’ finishes. Sold at spot plus premium, they’re highly sought-after by investors. Yet with annual design changes and, in some cases, a limited mintage, they are also favoured by collectors.


Sometimes called ‘reverse proofs’, high quality bullion coins from The Perth Mint use frosting on the coin table while the design areas are highly polished.

Thanks to their innovative combination of quality and value, these outstanding coins have occasionally provided canny investors with bonus returns. Like all precious metal coins they have a ‘buy back’ or ‘melt’ value which is aligned to the spot market. But thanks to strong collector demand for some of our semi-numismatic releases, secondary market values have been known to exceed the prevailing price of their metal.

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How Is Gold Produced?

Topics [ gold investing buy gold coins gold coins gold bullion bullion coins gold gold bullion coins gold bullion bars buy gold ]

PRECIOUS METAL SERIES – 7

The days when miners could dig or pan for nuggets of gold are largely gone. Today, gold is generally extracted from the Earth’s crust as microscopic particles. 

Estimates put the amount of gold in the Earth’s crust at just 11 parts per billion! To recover a single ounce of gold, many tonnes of material must therefore be blasted and processed.

Gold mines sell unrefined gold in the form of doré bars. Australian doré bars are usually composed of between 70-80% gold and 10-15% silver. The lion’s share of these rough bars are processed into fine gold at The Perth Mint, which operates the largest LBMA-accredited gold refinery in the Southern Hemisphere.

Each doré bar first goes through a chlorine refining process, also known as the Miller Process. Originally conceived by Francis Bowyer Miller in Sydney during the 1860s, the Miller Process involves bubbling chlorine gas through molten doré gold so that silver (and most other metals) react with the chlorine to form silver chloride as slag on the top. The resulting gold is 99.5% pure and typically it’s cast into bars weighing about 400oz for use in wholesale markets.

The Wohlwill process is used to increase purity further. A casting of 99.5% pure gold is lowered into a bath of hydrochloric acid and then has an electric current passed through it. Acting as an anode in this electrolytic refining process, the casting dissolves and then deposits on a cathode with a purity of 99.99%.

The resulting cathodes are melted, granulated and then the granules are used to measure out exact weights of gold for casting into bar sizes from 1oz up to 50oz for retail investors.

How Is Gold Produced?


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