Thanks to their Kangaroo design and an elaborately designed blister pack, the gold bars of the Perth Mint have steadily gained popularity among investors and collectors over the past few years in the European gold investment market.
Perth Mint Gold bars are 24 karat gold with a fineness of 999.9/1000.
Manufacturing and Development
The minted gold bars of the Perth Mint are produced by rolling gold sheets to a certain thickness. The blanks are then punched out and minted at high pressure. The final process is stamping the gold bar with the finish and labelling.
The manufacturer, fine weight, fine content and metal specification are stamped on the front of the gold bar.
Minted Perth Mint gold bars are available in 1 g, 5 g, 10 g, 20 g, 50 g and 100 gram sizes. Minted 1 oz and 10 oz bars are also produced by the mint.
The back of the Perth Mint gold bars show a series of hopping kangaroos. The kangaroo image is the signature motif of Australian gold bullion products.
In addition to the logo of the Perth Mint, the fineness is minted on the front of the bars both as "99.99%" as well as "Fine Gold". The fine weight of the individual products is also embossed on the bottom of the bar.
The bars are delivered in a dark green or black packaging with certificates. Contrary to the gold bar itself, the green or black CertiCard™ blister packs carry a serial number (6 digits) on the back.
Pure gold bars from the Perth Mint do not have any other alloy components. Therefore, the 999.9/1000 fine gold bars are highly scratch-sensitive due to their smooth surface. It is advisable to keep the bars in the protective packaging to preserve their value.
The Perth Mint gold bars can be purchased and sold at banks, savings banks and precious metals dealers. Thanks to the very attractive appearance, the bars of the Perth Mint are very popular with investors and collectors.
Gold bars of the Perth Mint are exempted from value added tax in Germany because they comply with the fine-content directive of at least 995/1000. The sale is also tax-exempt if the installation is held for at least 12 months (holding time). This is regulated in Germany through VAT Act §25c.
The Australian "Perth Mint" is one of the most prestigious mints in the world. The Perth Mint was founded in 1899 as a branch of the British Royal Mint. The reason for this was the large gold deposits that were discovered in Australia. Diggers flocked to Western Australia from all over the world triggering the Australian Gold Rush in the 19th century.
The Perth Mint remained under British law until 1st July 1970, after which it became a legal part of the Government of Western Australia. It is currently owned by the Gold Corporation, which is wholly owned by the state.
The Perth Mint operates its own goldsmiths and refining and today manufactures a wide range of gold, silver, platinum and palladium bullion products.
The Perth Mint is famous for its investment and collection coins such as the popular Lunar series in gold and silver; the Koala coins in platinum; the silver Koala and Kookaburra and the famous gold Kangaroo investment coin series.
The portfolio includes all standard bars for private investors - 1 kg, 500 g, 250 g, 100 g, 50 g, 20 g, 10 g, 5 g and 1 g. Also, the Perth Mint offers their customers gold bars with the following weights in (Troy-) Ounces: 1/2 oz, 1 oz, 2.5 oz, 5 oz, 10 oz, 20 oz, 50 oz and LBMA approved 400 oz bars.
By the year 2000 a total of 4,500 tonnes of gold had been processed at the Mint, representing approximately 3.25% of the total gold processed worldwide. Until the year 1983 circulation coins were also produced in the Mint.
The Perth Mint manufactures investment coins and bars, but also pours and produces precious metal jewellery. Circulation coins are minted by the Royal Australian Mint, which is also allowed to produce coins for investment purposes. However, both types of coin are Australian legal tender and bear the portrait of Queen Elizabeth II.
Biggest Gold Coin in the World
In October 2011, the Perth Mint produced the largest 24 karat (99.99%) gold coin in the world, surpassing the previous record of the Royal Canadian Mint. The coin has a diameter of almost 80 centimetres, a thickness of over 12 cm, and weighs about 1012 kg.
The front side shows a "Red Kangaroo" and the reverse depicts a portrait of Queen Elizabeth II. The coin is legal tender in Australia with a nominal value of 1 million Australian dollars.