6 fun facts about one of the world’s most innovative mints: The Perth Mint of Australia.

The Perth Mint

The Perth Mint (Photo credit: amandabhslater)

If you’re an APMEX customer, you may know The Perth Mint as the prized destination for our annual “Escape To Australia” contest. As an investor or collector, you probably know The Perth Mint for their products. Their Gold and Silver Lunar coins are among the most beautiful and collected Chinese Zodiac coins in the world. Here are a few surprising facts about The Perth Mint that you might not know.

Rare. Many Perth Mint coins are made in strictly limited mintages, giving even their most value-priced bullion coins a dimension of collectibility.

Same Location since 1899. The Perth Mint was established in 1899 as a branch of Britain’s Royal Mint. Today, it’s one of the oldest mints in the world to operate on its original premises, despite the name change.. The Perth Mint is actually incorporated as Gold Corporation and  has two wholly owned subsidiaries – Western Australian Mint and GoldCorp USA.

Created The First Gold Bullion Series. In 1986, The Perth Mint launched the Australian Gold Nugget Coin Series, the first bullion series with a reverse (back) design that changes every year. The first few coins featured Gold nuggets. In 1989, the design switched to a kangaroo. Today, we commonly call this series the Australian Gold Kangaroo.

Biggest and Best. In 2011, The Perth Mint unveiled the biggest, heaviest and inherently most valuable Gold coin in the world. Weighing in at 1,000kg (2,204.6 pounds), this coin contains one metric tonne of 99.99 percent pure Gold and is worth more than $42.6 million at current Gold prices.

A Refinery and A Mint. There’s only one Gold refinery in Australia and it’s The Perth Mint. Between coins, bullion and industrial Gold, The Perth Mint produces more than 400 tonnes of Gold per year.

Visit Perth and The Mint. Located on the Western Shore of Australia, Perth is a bustling and beautiful city with beaches, parks and natural wonders unique to this island continent. You can also visit The Perth Mint while you’re there. In fact, you could…

WIN A FREE TRIP TO PERTH AND THE PERTH MINT!

Every fall, when the new Perth Mint coins come out, APMEX launches the “Escape To Australia” contest. Watch for it on this blog and APMEX.com.

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24 Hours Only – Best Price in 2012 on Australian Gold Kangaroos

Only 24 Hours: Our Best Price This Year On 2012 1 oz Australian Gold Kangaroos

 Australian Gold Nuggets & Kangaroos(2012 & Prior)

Here’s the best price this year for the 2012 1 oz Australian Gold Kangaroo Coinonly $39.99 per coin over spot – any quantity. But this offer is only good for 24 hours and ends on Friday, July 6, at 3 P.M. CDT. While supplies last.

A BRAND NEW DESIGN FOR 2012 – A GREAT ADDITION TO YOUR INVESTMENTS

The design on the Australian Gold Kangaroo Coin has changed every year since 1987 when the series began. Made by one of the most popular mints in the world, the Perth Mint, this exceptional Gold Kangaroo coin also features:

  • 24 karat Gold: Made of .9999 fine Gold, the 2012 Australian Gold Kangaroos are among the purest Gold coins issued by any government anywhere in the world
  • A guarantee by the Australian government: The Australian government backs the weight and purity of every coin; the 1 oz coin has a face value of $100
  • Limited mintage: Only 350,000 of the 2012 1 oz Gold Australian Kangaroos were minted — the design changes every year to enhance collectibility

IRA approval: This coin is approved for use in your Precious Metals IRA

 

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Fun Facts About Gold – Part 1

At APMEX, we’ve scoured the Internet looking for fun and interesting facts about gold for our readers.

This is the first in a two-part series that will introduce 50 fun facts about gold. Some are common knowledge, some will be new to you. Enjoy these first 25 and check back next week for 25 more!

  • An American Gold Eagle.

    An American Gold Eagle. (Photo credit: Wikipedia)

    Gold is a chemical element with the symbol Au and an atomic number of 79.

  • Gold has been sought for coinage, jewelry and arts since the beginning of recorded history.
  • Gold occurs as nuggets, grains in rocks, veins and alluvial deposits.
  • Gold is the most malleable metal known; an ounce of gold can be beaten into 300 square feet and can be beaten thin enough to become translucent.
  • Gold has a bright yellow color which is maintained without oxidization in air or water.
  • The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or .99999 fineness, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%.
  • Gold is a coinage metal and serves as a symbol of wealth and store of value.
  • Gold has been linked to a variety of symbolisms and ideologies; in ancient Chinese, the symbol for gold was the circle with a point at its center (☉), which was also the astrological symbol and ancient Chinese character for the sun.
  • The American Gold Eagle, the British Gold Sovereign and the South African Krugerrand continue to be minted in 22k metal in historical tradition.
  • Modern industrial uses of gold include dentistry and electronics.
  • Gold is chemically least reactive.
  • Gold is insoluble in nitric acid, which dissolves silver and other base metals.
  • In all of history, the 161,000 tons of gold that have been mined are barely enough to fill two Olympic-size swimming pools.
  • In 2006, the United States Mint began production of the American Buffalo gold bullion coin with a purity of 99.99%.
  • Gold is used as a conductor of heat and electricity.
  • Gold is chemically unaffected by air, moisture and most corrosive agents.
  • Gold is very dense, a cubic meter weighing 19,300 kg or approximately 42,549 lbs.
  • Common colored gold alloys such as rose gold can be created by the addition of various amounts of copper and silver.
  • The amount of gold in the world is finite and production has not grown in relation to the world’s economies.
  • At the beginning of World War I the fighting nations moved to a fractional gold standard, inflating their currencies to finance the war effort.
  • The Australian Gold Kangaroo was first coined in 1986 as the Australian Gold Nugget, while its kangaroo theme appeared in 1989.
  • Pure gold is too soft for day-to-day monetary use and is typically hardened by alloying with copper, silver or other base metals.
  • The gold content of alloys is measured in carats (k); pure gold is designated as 24k.
  • Gold coins intended for circulation from the 1500s into the 1930s were typically a standard 22k alloy called crown gold, for hardness.
  • Many holders of gold store it in the form of bullion bars and rounds as a hedge against inflation and other economic disruptions.

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