The Perth Mint is named after its location, the city of Perth in Western Australia. It is operated by the Gold Corporation, a company that is owned by the government of Western Australia. The Perth Mint is active in the refining of gold and silver, the casting of precious metal bars, the mintage of Australian coins (proof coins as well as investment bullion coins and numismatic/commemorative coins), the production of coin blanks for other mints and financial institutions, the safe storage of precious metals for investors, the production of gold and silver jewelry and the operation and preservation of the historical Perth Mint building. The Perth Mint also offers custom minting services for coins and medals.
The historic Perth Mint is located at 310 Hay Street in East Perth. Next door to the historic building stands the modern 8.400 square meter manufacturing facility. The Perth Mint Refinery is located near the Perth Airport. P is the mint mark used by the Perth Mint.
The Perth Mint opened on the 20th of June 1899 as a branch of the Royal Mint of London. It remained under the jurisdiction of Great Britain until the 1st of July 1970, long after Australia was founded as a nation in 1901. The government of Western Australia then took over direct control of operations until 1987, when Western Australia's state parliament decreed the founding of the Gold Corporation. The Gold Corporation is owned by the government of Western Australia and is commissioned with the task of creating Australia’s official bullion coins. It operates the Perth Mint and its two subsidiaries, the Western Australian Mint and GoldCorp Australia. The Perth Mint opened its new refinery near the Perth Airport in 1990. Its modern minting facility was opened in 2003, right next to its historical center of operations in a colonial limestone building.
The Perth Mint is accredited by the London Bullion Market Association (LBMA), the Tokyo Commodities Exchange (TOCOM), the New York Commodities Exchange (COMEX) and the Dubai Multi Commodities Center (DMCC).
The Australian Nugget gold coin series was the first bullion coin issuance under the control of the Gold Corporation. It was a huge success, selling over 155.000 ounces for a total of $103 million on its first day of trading alone. Australian Nugget gold coins are nowadays more commonly known as Australian Gold Kangaroo coins. Even though the design has changed, they remain a favorite of investors today and Australian Lunar Gold coins enjoy considerable popularity as well. The Perth Mint also produces precious metal bullion bars that rival those of the famous bar producers PAMP Suisse, Valcambi Suisse and Credit Suisse in popularity.
As far as historical coins are concerned, the Perth Mint produced British gold sovereigns from 1899 until 1931 and was the largest producer of gold sovereigns in the entire British Empire. A staggering amount of 106 million gold sovereigns and nearly 735.000 half-sovereigns were struck as currency during this period.
a.k.a. Australian Gold Nuggets
1/20oz,1/2gram (99.99% gold)
annually changing design
1/20oz (99.99% gold)