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Gold ingot from the Perth Mint. The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia. [3] Established on 20 June 1899, [4] two years before Australia's Federation in 1901, the Perth Mint was the last of three Australian colonial branches of the United Kingdom's Royal Mint (after the now-defunct Sydney Mint and Melbourne Mint) intended to ...
The Australian Gold Nugget, also sometimes known as the Australian Gold Kangaroo, [1] is a gold bullion coin minted by the Perth Mint.The coins have been minted in denominations of 1 ⁄ 20 oz, 1 ⁄ 10 oz, 1 ⁄ 4 oz, 1 ⁄ 2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver.They are kept as a store of value or an investment rather than used in day-to-day commerce.
The currency of Bolivia is now minted by foreign mints Chile: La Moneda Palace: 1814 1929 Now the residence of the President of Chile, production moved to the Casa de Moneda de Chile. Colombia: Casa de Moneda: 1620 1987 Now a museum, production moved to the Fábrica de Moneda in Ibagué. England: Horndon mint: 1056 Hong Kong: Hong Kong Mint ...
The maximum mintage of the one troy ounce coin is capped, while the others have unlimited mintage, based on demand. Perth Mint originally intended to expand the 2013 mintage to one million coins, however, they later reduced this number to 500,000 and declared that future years would continue to be limited to this amount. [3]
The Silver Koala Bear is a silver coin originating from Australia and produced at the Perth Mint. While the obverse of the coin always depicts Queen Elizabeth II of Australia, the reverse side changes every year, always featuring a koala, a marsupial native to Australia. The mint updates the monarch's portrait on obverse of the coin periodically.
The coins are sold at prices that reflect the current price of platinum, and not at the face value printed on the coin. Since November 1986, Perth Mint has used more than 18 tonnes of platinum for minting. About 85% of them were sold abroad making the Gold Corporation (owner of the Mint) one of Australia's top 30 export earners. [12]
The Silver Kangaroo is a silver coin originating from Australia and produced at the Perth Mint. This is a bullion coin meant for investment in silver. An Australian silver kangaroo coin, produced at the Royal Australian Mint (RAM), is collected for its numismatic value. The obverse of the coin always depicts Queen Elizabeth II.
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