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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Making precious metal investing accessible to all

Topics [ depository online ]

Do you like the idea of accumulating gold and silver as a nest egg for the future, or perhaps as an heirloom for the next generation?

If the answer is yes but you don’t know where to start, think it might be unaffordable, or are fearful about storing precious metal at home, we have practical solutions to each of these reservations.

The government owned Perth Mint is a global leader in precious metal refining, coin and bar production, and secure storage for investors who do not wish to take physical delivery of their gold and silver purchases. Accredited by the world’s leading metal exchanges and offering clients a unique government guarantee, the Mint has a reputation built on more than a century of refining and minting excellence.

As well as servicing financial institutions and professionals, we also make it easy and affordable for everyday ‘mum and dad’ investors to purchase and safely store gold and silver. Did you know that our depository stores more than AUD 3 billion worth of precious metal on behalf of 30,000 clients from all walks of life?


 

By opening an account with our Depository Online (PMDO) service, you can start acquiring gold and silver from the convenience of your own PC. Transactions begin at only AUD 50, enabling you to build a metal holding without ever having to break the bank! Because you’re buying from the internationally respected Perth Mint, you can be absolutely certain that every ounce of gold or silver you own is 100% backed by physical metal in our state-of-the-art vault, the biggest in the Southern Hemisphere.

The PMDO platform has been carefully designed to be remarkably simple to operate. Once your identity has been confirmed and your account is operational, you can login 24/7 to buy more metal, sell your existing pool, or simply check the current market value of your investment. There are plenty of other helpful tools and alerts that over time you may wish to take advantage of, including a handy saving plan which can be used to automate regular transactions.

To join thousands of ordinary investors who have chosen Depository Online as a convenient, cost-effective and trusted way to build wealth or diversify their assets with precious metals, click here to open an account.

Need more information?

Continue your research about The Perth Mint beginning with the following explanatory articles, or visit the FAQ page on our website.

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

- The Perth Mint provides unique reassurances for precious metals storage clients

- Introducing Perth Mint Depository Online – the safest precious metals storage option available today

- Understanding the benefits of Allocated, Pool Allocated and Unallocated precious metals storage

- Perth Mint reintroduces unallocated silver across its portfolio of investment products

- Depository savings plan makes accumulating gold and silver easy

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Monthly Sales – February 2017

Topics [ Monthly sales figures ]

Total ounces of gold and silver sold by The Perth Mint in February 2017 as coins and minted bars:

  - Gold (Au): 25,257 oz

  - Silver (Ag): 502,353 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.

In line with the worldwide trend, demand for Australian bullion coins and bars was significantly quieter in February. Growing confidence in the prospect of improving economic conditions has seen increased demand for alternative assets at the expense of precious metals.

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Understanding the benefits of Allocated, Pool Allocated and Unallocated precious metals storage

Update - this is a modified version of an article first published by The Perth Mint before the reintroduction of Unallocated silver.

A global leader in precious metals, The Perth Mint offers the highest quality gold, silver and platinum products for investors.

A popular way of acquiring these precious metals is through our depository service which enables investors to easily buy bullion and have it safely stored in the Mint's high-security vaults in Australia, all covered by a guarantee from the Government of Western Australia.

Depository accounts include the established Depository Program (PMDP), and the increasingly popular Depository Online (PMDO), a secure online trading platform particularly suitable for investors who want to be able to react quickly 24 hours a day to the dynamic precious metals markets.

Bullion purchased through either of these account types can be stored in a choice of Allocated, Pool Allocated or Unallocated format. Each type has specific benefits, which are important to understand before proceeding with your first order.

Allocated

Applicable to gold and silver, Allocated means you purchase our physical bullion products which we segregate in our high-security vaulting facilities under your name.

As the outright owner of an Allocated holding, you pay for the precious metal and also fabrication costs for making it into the finished product of your choice. Currently, we offer PMDO clients the option of seven gold bars ranging from 1oz to 400oz, as well as 1 kilo, 100oz and 1,000oz silver bars.

 

As the custodian of Allocated metal, we charge a fee for keeping it safe and secure in our vault. However, the advantage of this type of storage is your metal is readily available for inspection, pick-up or delivery - an important consideration for some clients.

Pool Allocated

For Pool Allocated storage (silver only) we set aside numbered 1,000oz silver bars into a segregated pool which backs the amount of silver we owe to customers choosing this option.

Clients each own a share of this pool of bars, rather than specific bars as with Allocated. (A list of numbered bars providing physical backing for Pool Allocated is available here.)

One of the chief benefits of pooling silver bars is that customers pay reduced fabrication and storage fees. If required, however, they may pay the balance of the fabrication charge to convert their holdings into finished bullion products for collection or for storage at the Mint as Allocated.

Unallocated

Available for gold, silver and platinum, Unallocated is the most popular option among our depository clients because there are no ongoing storage fees. Unfortunately, the unique way in which we operate this option is sometimes misunderstood.

You can think of Unallocated metal as the Mint’s working inventory. Clients choosing the Unallocated option are therefore buying into the pool of working metal which we use to facilitate our day-to-day operations.

The ounces held in each client’s account are completely unaffected if we use the actual metal backing Unallocated. That’s because the metal is used on a ‘fungible’ basis – meaning it is immediately replaced in the inventory by exactly the same amount as we take out. Accordingly, every Unallocated ounce is 100% backed by physical metal.

This arrangement provides benefits to both parties. The huge upside for clients is that there are no storage or fabrication fees. Another benefit is that you can sell as many ounces as you require, rather than a whole bar as with Allocated.

Once again, you can convert your Unallocated holding to Allocated products for collection or segregated storage in our vaults whenever you require.

Trusted worldwide

The Perth Mint has operated its depository service since the 1990s. We now manage more than $3 billion worth of investors’ metal on behalf of around 30,000 clients from over 100 countries.

We are subject to rigorous corporate governance and control, including an annual audit of our operations which is undertaken by a major accounting firm on behalf of the State Auditor General (see Annual Reports).

In terms of reassurances, however, nothing provides greater peace of mind to our clients than the fact that we operate the only government guaranteed precious metal storage program in the world. So when it comes to keeping your precious metal assets safe and secure, there is no better choice of services than those offered by the world-renowned Perth Mint.

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Perth Mint releases Lunar Rooster with Lion Privy Mark

Topics [ silver bullion coins Australian Lunar Year of the Rooster ]

The Perth Mint is delighted to announce the availability of the Australian Lunar 2017 1oz Silver Bullion Coin with Lion Privy Mark.

Historically, a privy mark is a small symbol in the design of a coin which is added for the purpose of identifying the mint that struck it. The Perth Mint adapted the concept in the 1990s when it began adding miniature commemorative symbols to a range of limited mintage releases for added numismatic interest.

Australian coins featuring a Lion privy mark are popular in Germany, one of the Mint’s key overseas markets, where the animal is a prominent heraldic symbol associated with ancient ruling families from Bavaria. As well as being represented in the state’s coat of arms, lion statues symbolising strength and glory can be seen throughout Bavaria, notably in the capital city of Munich.

Distributed in Germany via Bayerische Landesbank (BayernLB), this Privy Mark Edition from the Australian Lunar Coin Series is struck from 99.99% pure silver. Issued as Australian legal tender, it has a limited mintage of just 30,000.

To acquire this silver investment opportunity in Australia, buyers can visit The Perth Mint Bullion Room at 310 Hay Street in East Perth, call our Bullion Line on 1300 201 112, or login to perthmintbullion.com.

The coin is also available from our authorised distributors Ainslie Bullion in Australia, LPM in Asia, and Gainesville Coins in the US.

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Kangaroo Minted Bars now available in 99.99% pure silver

Topics [ silver bars minted bars ]

Silver investors can now acquire the precious metal of their choice in the form of 1oz Kangaroo Minted Silver Bars manufactured by the world-renowned Perth Mint.

 

Struck between two dies to create a design in 3D relief, the new bars are made from 99.99% pure silver. The front of each bar features The Perth Mint swan logo – our LBMA registered mark – on a table of radiating circles.

Included on the front is the inscription 9999 FINE SILVER, which incorporates a tiny ‘P’ mintmark within the last nine. This authentication feature is designed to make it significantly more difficult for the bar to be counterfeited – although we strongly recommend buyers only purchase from trusted sources.

Like the Mint’s extensive range of Kangaroo Minted Gold Bars, the back of the new silver bar portrays small kangaroo motifs arranged in diagonal rows.

1oz Kangaroo Minted Silver Bars are available in three formats with volume breaks for larger purchases.

Single bars come in an individual plastic pouch. Alternatively, investors may purchase 15 bars in an acrylic tube sealed with a tamper-evident security seal, or a box of 10 tubes for a total of 150 bars.

Silver minted bars may be purchased at The Perth Mint Bullion Room at 310 Hay Street in East Perth, via our Bullion Line on 1300 201 112 / +61 8 9421 7218, or at perthmintbullion.com.

These silver minted bars are also carried by our authorised distributor Perth Bullion Co.

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