Australia "The Perth Mint"

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Australia "The Perth Mint"

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The Perth Mint has been in operation for over 100 years, since 1899, and was established as a branch of the Royal British Mint in the then Crown territory of Australia.

The Perth Mint has been in operation for over 100 years, since 1899, and was established as a branch of the Royal British Mint in the then Crown territory of Australia. With the discovery of rich gold deposits in Western Australia after the turn of the 20th century, the Perth Mint became one of the leading producers of gold coins in the world. For the next few decades, the Perth Mint would produce over 100 million gold shillings for use as currency throughout the British Empire. After the British government chose to abandon the Gold Standard in 1931, the Mint continued to produce the gold it received into genuine bullion for trading, but would return to producing gold coins soon after. Today, the Perth Mint is one of a few mints whose pure legal tender coins are accepted without question. The Mint would break its former output records, as between 1940 and 1973, it would produce an incredible 800 million coins, mostly of 2-cent and 1-cent issues, but notably in 1946 the Mint would release 1.3 million shillings alone. In 1957, the Mint would achieve a record of near-perfect gold, with a ‘proof’ plate of 999.999 parts of gold per thousand, a refining distinction that would cause the British Royal Mint to order more of this series as replacement for their benchmark.
The Mint would revert from British jurisdiction in 1970 to the State Government of Western Australia, and with the price of gold rising at the time, its operation became a new focus for the government of Australia. With the passage of the Gold Corporation Act by Parliament in 1987, the Mint was now empowered to mint and market gold, silver, and platinum legal tender coinage to investors and collectors worldwide.The Mint would revert from British jurisdiction in 1970 to the State Government of Western Australia.” Today, the Perth Mint is one of a few mints whose pure legal tender coins are accepted without question. They retain a very high desirability and are eagerly sought for investment and collecting purposes. With the expansion of their new state-of-the-art production facility, built right next door to their original limestone building first erected in 1899, the Perth Mint continues to develop new commemorative designs, and create unique pieces through their use of color and texture, the Mint continues to set market trends and advance the level of craftsmanship they have earned for over a century.

The beauty of this gold Libertad is undeniable, while the idea of saving it for the potential of profit in this shaky world economy is quite sensible.