When shopping for gold and silver bars and coins, you want to choose a supplier you can trust. The good news is the Perth Mint is a trusted source of all gold and silver bullions and coins with ownership and backing through the Government of Western Australia. MyGold is an official New Zealand distributor of bullion from the Perth Mint.
History of the Perth Mint
The Perth Mint was originally created as a branch of the 1,000 year old Royal Mint of Britain. In 1970, the Perth Mint was transferred to the Western Australian Government. The Act of State Parliament in 1987 created the Gold Corporation to operate the mint. Today, the Perth Mint remains the exclusive manufacturer of the collective pieces from the internationally lauded Gold and Silver Bullion Coin Program from the Australian Federal Government. The Perth Mint’s agreement with the Commonwealth Treasury also permits their operator to mint and market gold, silver, and platinum Australian legal tender to both investors and collectors around the globe.
Historically, the Perth Mint has achieved worldwide recognition for breaking gold records. In 2011, the Perth Mint cast the Australian Kangaroo One Tonne Gold Coin—the largest and most valuable gold coin ever created. The current estimated value of the coin is $50 million AUD.
Benefits of the Perth Mint
By purchasing coinage and bullion from the Perth Mint, you are protected under a government guarantee that sets stringent guidelines for the obligations required by the Perth Mint Depository. Western Australia has the distinction of being Australia’s wealthiest states with a host of natural resources at its disposal. Economic growth in the area was fuelled by the 19th Century Gold Rush of Western Australia. Later, there would be further commercial growth through the refinement of oil and minerals.
Standard and Poor’s short-term credit rating for the Perth Mint of A1+ is the highest possible ranking given. Bullion coins from the mint is denominated in terms of the Australian dollar, adding assurance to the weight and purity of each coin. Conveniently, bullion bars have high tradability without a need for assay. Each year, the Perth Mint distributes upwards of $18 billion in coins and bars to investors located in more than 100 countries. Collectible legal tender coins, bullions, and medallions from the Perth Mint are lauded for showcasing iconic characters and artistic styling. Popular series with investors includes the Australian Kookaburra Silver Coin, the Australian Koala Silver Coin, the Australian Platypus Platinum Coin, and the Australian Lunar Gold and Silver Coins.
