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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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Perth Mint CEO to headline precious metals investment symposium

Topics [ gold market gold investment ]

The Perth Mint’s Chief Executive Officer, Richard Hayes, a precious metals industry expert, will headline a key group of speakers at the 7th Annual Precious Metals Investment Symposium, being held in Sydney in October.

A thought leader on the global precious metals market, Mr Hayes will share his knowledge and unique insights into the industry at the two-day event. He will also discuss the ‘case for gold’ and investing long-term in precious metals to build wealth and reduce risk.


Perth Mint Chief Executive Officer, Richard Hayes.

Symposium conference organiser, Kerry Stevenson, said, “As the leader of one of the world’s most prestigious precious metals businesses, we are delighted that Mr Hayes will kick off the Symposium.”

“Richard has a vast knowledge of the precious metals industry and I have no doubt delegates will be left both impressed and delighted,” she said.

Since taking the reins at The Perth Mint in July 2015, Mr Hayes and a new executive team have devised a business strategy to position the organisation as a global leader in the precious metals industry.

Mr Hayes is bullish about precious metals. “There is much to learn from the fortunes and misfortunes of others when it comes to investing in an asset of true value – gold,” said Mr Hayes.

Mr Hayes is currently the Chairman of the Gold Industry Group. With a finance and economics background, he has 30 years’ experience in the investment and precious metals sector. He joined Gold Corporation (trading as The Perth Mint) in 2003 as Chief Financial Officer and Deputy CEO, and previously held senior positions with AGR Matthey and Golden West Refining Corporation Ltd. 

With a theme of Investing for Real Wealth in a Volatile Global Market, this year’s forum will provide an opportunity for Australia’s business leaders and investors to come together to engage and network in one of Australia’s most important sectors.

The Precious Metals Investment Symposium will be held at  Four Points by Sheraton, Sydney Darling Harbour on Monday 10 and Tuesday 11 October 2016.

Mr Hayes will deliver his keynote address at 9am on Monday 10 October 2016.

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What makes The Perth Mint a global leader in precious metals?

Topics [ buy gold online buy silver online ]

The Perth Mint is Australia’s largest fully integrated, innovative precious metals enterprise.

We belong to an elite group of gold and silver refiners around the world who are trusted implicitly to meet the highest of standards.

As Australia’s only gold and silver refinery accredited by the London Bullion Market Association (LBMA), we refine almost all of the gold recovered at Australian mine sites, as well as producing a substantial amount of refined silver.

Last year alone, our refinery processed almost 34 million ounces of gold and silver, bringing the total for the last three decades to more than 6,500 tonnes.

We ship 400oz gold and 1,000oz silver good delivery bars to London, and are the dominant supplier of value-added gold cast bars to China and India, the world’s leading consumers. We’re also renowned for our range of small investment cast bars, which are supplied into various local and overseas markets.


With between 300 and 400 tonnes of precious metals typically processed each year, our refining facility enjoys an international reputation for quality and efficiency.

Since being established in 1899 to make sovereigns, The Perth Mint has amassed vast experience in the manufacture of high quality precious metal coins. Today we produce an extensive range of sought-after gold, silver and platinum bullion coins and gold minted bars for investors.

Last year we sold $1.3 billion worth of minted product worldwide, representing more than 16 million coins and bars. During the past 30 years, we’ve made almost 51 million bullion and numismatic coins, adding value to nearly 270 tonnes of gold and more than 3,000 tonnes of silver.

For investors looking for the reassurance of safe storage, our depository offers a choice of secure precious metal investment solutions. With more than $3 billion worth of investors’ metal under management, making it bigger than many high street financial institutions, our depository has been chosen by around 30,000 clients from over 100 countries to keep their precious metal assets safe and secure.

When it comes to trust, quality and service, here’s why you can rely on The Perth Mint

For more than 100 years, The Perth Mint has been a trusted supplier of precious metal products and services, respected for our quality, security, efficiency and technical expertise.

Our dynamic operation maintains its global standing by upholding the core values of excellence, ethics, and equity, underpinned by an uncompromising focus on the customer and cost efficiency.

As well as being accredited as a refiner, weight master and assayer by the LBMA, we’ve achieved similar endorsements from the New York Commodity Exchange, Shanghai Gold Exchange, Dubai Metal & Commodities Centre, and Tokyo Commodities Exchange. As a result, the quality of our precious metal products is accepted without question in commodities markets and by consumers alike.

Our bullion coin range is manufactured under the authority of the Australian government. Each coin is issued as official Australian legal tender, its guarantee of weight and purity. And thanks to their superb ‘reverse proof’ finish, our Australian Kangaroo, Kookaburra, Koala and Platypus series have the reputation of being the highest quality bullion coins in the world.


Australian Kangraoo bullion coins made from 99.99% pure gold.

Investment cast bars, stamped with The Perth Mint ‘swan’ logo – our official LBMA registered mark – are equally trusted and internationally tradeable.

Satisfying investors’ demands for safe storage, our depository vaults meet international security standards and are monitored 24-hours a day. But when choosing where to store precious metals, The Perth Mint offers clients an unprecedented additional safeguard – something unique in this sector – in the form of a government guarantee.

We are wholly-owned by the government of Western Australia, which acquired the assets of the Perth Mint from Britain’s Royal Mint in 1970. To manage the Mint on a commercial basis, it created Gold Corporation under a Western Australian Act of Parliament in 1987. Our government guarantee, which applies to precious metals for physical delivery as well as storage with the depository, is included in the Gold Corporation Act 1987, Section 22, which states:

“The payment of the cash equivalent of gold due, payable and deliverable by Gold Corporation, the Mint or GoldCorp under this Act and all moneys due and payable by Gold Corporation ...  is guaranteed by the Treasurer, in the name and on behalf of the Crown in right of the State."

The Perth Mint is a financially strong organisation, and like any prudent individual, we insure our physical metals. While there’s never been any question about our ability to deliver in over a century of operations, the extra protective layer of a guarantee from the government of one of Australia's wealthiest states provides an exceptional level reassurance for all our clients.

As we go forward, we’re continually striving to develop effective new solutions and to further improve customer focus through careful attention to our product quality and design, security, communications and client service. With this in mind, we’re almost ready to unveil an exciting new development concerning our innovative Depository Online precious metal trading web portal – and look forward to bringing you the exciting news in the very near future.

The Perth Mint genuinely is a global leader in precious metals.

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Year of the Rooster bullion coins available from today

Topics [ buy gold coins Australian Lunar Year of the Rooster buy silver coins ]

Magnificent Year of the Rooster gold and silver bullion coins are available from today. Immaculately struck from 99.99% pure gold and 99.99% pure silver, these high quality ‘reverse proofs’ celebrate the tenth animal of the Chinese lunar calendar. Offered in a comprehensive range of weights and issued as Australian legal tender, the coins feature superbly-styled portrayals of the rooster in his domain.

Like previous annual releases from the Australian Lunar Coin Series II, no more than 30,000 1oz gold coins and 300,000 1oz silver coins will be released. With a track record of sell outs since the start of the series in 2008, buyers are urged to act as soon as possible to acquire these highly sought-after denominations.

More information at perthmintbullion.com



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Monthly Sales – August 2016

Topics [ buy gold coins buy silver coins ]

Total ounces of gold and silver sold by The Perth Mint in August 2016 as coins and minted bars.

  - Gold (Au): 14,684 oz

  - Silver (Ag): 376,461 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.

A decline in sales of Australian precious metal minted products for physical delivery in August reflected the trend for lower volumes reported by precious metal businesses worldwide.



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Early release of new Lunar Rooster series means your last chance to purchase Year of the Monkey bullion coins is here!

Topics [ 2016 Year of the Monkey buy gold coins buy silver coins ]

The Perth Mint today announced the early release of its Australian Lunar – 2017 Year of the Rooster gold and silver bullion coins series. Originally scheduled to go on sale on 12 September, the coins will be now be available four days early - Thursday 8.

Online clients are urgently reminded that your last chance to acquire remaining Australian Lunar – 2016 Year of the Monkey bullion coins is now rapidly approaching.

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

 

All Year of the Monkey bullion coins will be withdrawn from sale at the Mint at the close of business on 7 September.

Designed for investors and representing superb keepsakes for people born under the influence of lunar monkey in 1932, 1944, 1956, 1968, 1980, 1992, 2004, and 2016, the Australian legal tender coins are struck from 99.99% pure gold and 99.9% pure silver.SaveSaveSaveSave


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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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