New customers buying gold and silver bullion* coins to the value of AU$5,000 are no longer required to complete ID checks when ordering over the telephone.
Previously, all new customers wishing to buy bullion coins had to provide two certified identification documents as part of their customer registration process.
This condition no longer applies to phone buyers purchasing bullion coins under the AU$5,000 limit. New buyers can now open an account and place their first order during the very same call!
Telephone buyers can continue to buy bullion as frequently as they wish so long as the value of their accumulated orders awaiting dispatch from the Mint does not exceed the maximum allowance.
According to Perth Mint Acting General Manager, Neil Vance, the new rules for telephone ordering will benefit many customers. “It will help small investors, particularly ‘mum-and-dad’ type buyers, who want to purchase one or two coins at a time with as little hassle as possible,” he said.
“Gift buyers too will appreciate the ability to pick up individual bullion coins from series like our Australian Lunar program, which is an extremely popular way of marking Chinese New Year and celebrating birthdays.”
The Perth Mint’s full range of internationally renowned bullion coins, as well as its cast and minted bars, can be viewed on www.perthmintbullion.com. To open an account and order, just call 1300 201 112 from Australia or +61 8 9421 7218 from overseas.
For orders in excess of AU$5,000, customers must satisfy full ID requirements under the Australian Government’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
[*Bullion Coin – a mass produced coin primarily aimed at precious metal investors. May be supplied with or without a capsule and/or tube, and without Certificate or presentation packaging.]