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The Perth Mint
What is the history and significance of The Perth Mint in the global precious metals industry?
The Perth Mint is a renowned precious metals refinery and mint located in Perth, Western Australia. It was established in 1899 as a branch of Britain's Royal Mint to refine gold from the Western Australian gold rush and turned into a statutory authority in 1970.
Today, The Perth Mint is a world-class facility, producing an extensive range of investment-grade gold, silver, and platinum bullion products as well as commemorative coins and medallions. Its products are highly valued by investors, collectors, and enthusiasts worldwide.
In addition to its bullion and commemorative coin products, The Perth Mint is also known for its innovative creations, such as the world's largest and most valuable gold coin, the Australian Kangaroo One Tonne Gold Coin, which was unveiled in 2011.
The Perth Mint is also recognized for its high standards in refining and assaying precious metals, with accreditation from the London Bullion Market Association (LBMA) and the Shanghai Gold Exchange (SGE). It also operates a precious metal depository service, offering secure storage for customers' precious metal holdings.
Overall, The Perth Mint is an important institution in the global precious metals industry, with a long and rich history of producing high-quality products and providing essential services to customers worldwide.
Key facts:
- The Perth Mint was established in 1899 in Perth, Western Australia.
- The Mint is responsible for producing circulating coins for Australia as well as coins for other countries, including Fiji, Tuvalu, and the Cook Islands.
- The Mint is known for its gold bullion coins, including the popular Australian Kangaroo and Lunar series.
- The Mint produces a wide range of other bullion products, including silver bars and coins..
- The Mint is accredited by the London Bullion Market Association (LBMA) and the New York Commodities Exchange (COMEX).
- The Perth Mint operates one of the world's largest gold refineries and processes more than 90% of Australia's gold.
- The Mint has a reputation for producing high-quality coins and is a respected and trusted name in the world of numismatics and precious metals.
- The Perth Mint is committed to sustainability and has implemented a range of measures to reduce its environmental impact, including the use of renewable energy sources and responsible waste management practices.
