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- Author of the entry: Mennica Skarbowa
- Date of entry:
Today, Perth Mint occupies a well-deserved place among the world's leading gold producers. Among the products offered by the Australian mint, investors can find both bars and bullion coins, which look slightly different every year. And the next attractive designs... encourage regular purchases!
From Samorodek to Kangur
In 1987, Gold Corporation was established, owned by the Government of Western Australia. The company was granted, among other things, the right to produce gold, silver, and platinum coins, which are legal tender in Australia, and in the same year it began minting the first Australian bullion coin.
Interest in this coin, which followed the Krugerrand, Maple Leaf, and American Eagle, exceeded all expectations. On the first day of issue, as many as 155,000 ounces of the coin, named "Nugget," were sold. Today, after changing the coin's image to a kangaroo, which is more closely associated with Australia, the coin continues to enjoy unflagging popularity. This is all the more so because the graphic design featuring the marsupial changes every year.
In 1996, the Perth Mint also launched the now iconic Lunar series. The complete collection features 12 images of animals from the Chinese lunar calendar. The second series is now slowly coming to an end, and the unwavering popularity of the collection – in both gold and silver – suggests that another issue is likely.
Each year, the Perth Mint also offers new versions of silver bullion coins featuring images of the Koala and Kookaburra, and since 2015, silver Kangaroos.
Record-breaking Kangaroo worth millions
More than half a century after obtaining record-breaking pure gold, Perth mincers decided to do something truly spectacular again. In October 2011, they produced the world's largest coin, beating the previous record set by the 100-kilogram gold Maple Leaf from the Royal Canadian Mint (the same one that was stolen from the Bode Museum in Berlin in March) by a factor of ten.
Weighing just over a ton, the gold Kangaroo is approximately 80 cm in diameter and 12 cm thick. The 999.9 gold was carefully shaped and polished to resemble mass-produced coins as closely as possible (see the video below for a report on the production process). The record-breaking Kangaroo has a face value of 1 million Australian dollars and is, of course, legal tender, but probably no one would want to spend it on shopping. Today, its real value is over PLN 150 million.
Premium bars
In addition to minting coins, the Perth Mint is also famous for producing unique gold bars. Although many may say that "gold is gold" and the form does not matter, Perth Mint bars are certainly pleasing to the eye and are among the most popular choices for investors.
Currently, the mint produces bars ranging in size from 1 gram to 10 ounces (311 g). Each bar is selectively matted to look beautiful on both sides and is protected by top-quality CertiCard packaging, which has a serial number and serves as a certificate of quality guaranteed by the Government of Western Australia.
A well-deserved place at the top
Perth Mint is one of the few mints that can boast accreditation from the five largest commodity exchanges in the world: London (LBMA), New York (COMEX), Shanghai (SGE), Tokyo (TOCOM), and Dubai (DMCC). The mint also takes great care to ensure the origin of the gold it processes and sets high standards for not sourcing bullion from conflict zones or potentially financing terrorist organizations. Perth Mint is also the only mint in the world that can boast a 100% government guarantee on its products and services, including its extremely popular bullion storage.
According to the latest data, the Perth Mint produces $18 billion worth of gold, silver, and platinum bars and coins annually. When designing them, it most often immortalizes icons of Australian nature and events from local history. Thanks to numerous promotional activities, the mint's headquarters is also a popular tourist attraction, showcasing over a century of Australian gold history. If we are not going to Australia in the near future, we can visit it virtually...
From Samorodek to Kangur
In 1987, Gold Corporation was established, owned by the Government of Western Australia. The company was granted, among other things, the right to produce gold, silver, and platinum coins, which are legal tender in Australia, and in the same year it began minting the first Australian bullion coin.
Interest in this coin, which followed the Krugerrand, Maple Leaf, and American Eagle, exceeded all expectations. On the first day of issue, as many as 155,000 ounces of the coin, named "Nugget," were sold. Today, after changing the coin's image to a kangaroo, which is more closely associated with Australia, the coin continues to enjoy unflagging popularity. This is all the more so because the graphic design featuring the marsupial changes every year.
In 1996, the Perth Mint also launched the now iconic Lunar series. The complete collection features 12 images of animals from the Chinese lunar calendar. The second series is now slowly coming to an end, and the unwavering popularity of the collection – in both gold and silver – suggests that another issue is likely.
Each year, the Perth Mint also offers new versions of silver bullion coins featuring images of the Koala and Kookaburra, and since 2015, silver Kangaroos.
Record-breaking Kangaroo worth millions
More than half a century after obtaining record-breaking pure gold, Perth mincers decided to do something truly spectacular again. In October 2011, they produced the world's largest coin, beating the previous record set by the 100-kilogram gold Maple Leaf from the Royal Canadian Mint (the same one that was stolen from the Bode Museum in Berlin in March) by a factor of ten.
Weighing just over a ton, the gold Kangaroo is approximately 80 cm in diameter and 12 cm thick. The 999.9 gold was carefully shaped and polished to resemble mass-produced coins as closely as possible (see the video below for a report on the production process). The record-breaking Kangaroo has a face value of 1 million Australian dollars and is, of course, legal tender, but probably no one would want to spend it on shopping. Today, its real value is over PLN 150 million.
Premium bars
In addition to minting coins, the Perth Mint is also famous for producing unique gold bars. Although many may say that "gold is gold" and the form does not matter, Perth Mint bars are certainly pleasing to the eye and are among the most popular choices for investors.
Currently, the mint produces bars ranging in size from 1 gram to 10 ounces (311 g). Each bar is selectively matted to look beautiful on both sides and is protected by top-quality CertiCard packaging, which has a serial number and serves as a certificate of quality guaranteed by the Government of Western Australia.
A well-deserved place at the top
Perth Mint is one of the few mints that can boast accreditation from the five largest commodity exchanges in the world: London (LBMA), New York (COMEX), Shanghai (SGE), Tokyo (TOCOM), and Dubai (DMCC). The mint also takes great care to ensure the origin of the gold it processes and sets high standards for not sourcing bullion from conflict zones or potentially financing terrorist organizations. Perth Mint is also the only mint in the world that can boast a 100% government guarantee on its products and services, including its extremely popular bullion storage.
According to the latest data, the Perth Mint produces $18 billion worth of gold, silver, and platinum bars and coins annually. When designing them, it most often immortalizes icons of Australian nature and events from local history. Thanks to numerous promotional activities, the mint's headquarters is also a popular tourist attraction, showcasing over a century of Australian gold history. If we are not going to Australia in the near future, we can visit it virtually...
