Jan 312017
 

The Perth Mint is delighted to announce that it will be the principal sponsor of this year’s Gallipoli Run, hosted by Athletics Western Australia.

The Perth Mint Gallipoli Run 2017 is a family friendly event and is expected to be bigger than ever with race routes in both Perth and Kalgoorlie.

An event first held in Perth in 2003, this year’s Perth Mint Gallipoli Run invites the Western Australian community to walk or run the four or eight kilometre course in honour of the Anzacs, and celebrate the spirit of mateship and camaraderie which remains their legacy.

With a history of supporting the Returned & Services League (RSLWA) and other veteran support organisations through its release of military-themed commemorative coin programs, the Mint is proud to sponsor this event.

Perth Mint Chief Executive Officer Richard Hayes said, “We attribute great importance to preserving the memory of the Anzacs through our coin programs, as we issue these on behalf of all Australians.

The Perth Mint Gallipoli Run 2017 strengthens our commitment to their legacy and we encourage the community to join us in championing this event in the lead up to Anzac Day,” Mr Hayes continued.

Athletics WA Chief Executive Officer, Wayne Loxley, said The Perth Mint’s rich history in Western Australia combined with its range of Anzac-inspired collectables led them to approach the Mint for support.

“Athletics WA is proud to partner with The Perth Mint to present The Perth Mint Gallipoli Run 2017 as we too have a strong connection to the Anzac spirit through our ongoing association with RSLWA and Legacy WA,” said Mr Loxley.

Motivated by the increasing popularity of the Perth fixture, the run will also be held in Kalgoorlie in 2017 sharing Anzac commemorations among both local and regional communities.

RSLWA President, Peter Aspinall, said, “Participating in these community events is one of the best ways in which to honour our Anzacs and the freedoms for which they fought and continue to defend.”

Proud to have been involved with the Gallipoli Run since 2010, Legacy WA President, James Ford, is grateful for the contribution and awareness this event generates each year in recognising the significance of Anzac Day.

“I encourage all Western Australians to take part in this fantastic community event which celebrates the Anzac legacy,” said Mr Ford.

The Kalgoorlie run will be held on Sunday 26 March from 8am at Centennial Park, while the Perth event will be held on Sunday 23 April from 8am in Kings Park.

Registrations for the Kalgoorlie and Perth events are open until Thursday 23 March and Thursday 20 April, respectively.

Upon registration, all race-goers will automatically enter a competition draw for the chance to win one of 10 ANZAC Spirit 100th Anniversary 1/2oz Silver Proof Three-Coin Sets issued by The Perth Mint. Each coin superbly depicts symbolic imagery and themes from World War I, representing Australia and New Zealand’s involvement in the Gallipoli campaign of 1915.

To register for The Perth Mint Gallipoli Run 2017, visit waathletics.org.au

PERTH MINT MEDIA CONTACT: Kiara Canavate | 9421 7204 | Kiara.Canavate@perthmint.com.au

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Oct 062016
 

Visitors to The Perth Mint Shop are in for a special numismatic treat over the next few weeks as we showcase a collection of some of Australia’s most desirable rare coins.

Included in the display is an example of the legendary 1930 Penny, Australia’s best-known rare coin; and Type I and Type II versions of the Australia’s first-ever (unofficial) gold coin – the Adelaide Pound.

Australia’s 1930 Penny

Fascination with the 1930 Penny stems from the mystery surrounding its accidental minting. The Melbourne Mint’s records report that the coin was never struck for circulation! It was not until the 1940s that its accidental minting was discovered, with the mintage subsequently estimated to be between 1,500 and 2,000.

By the 1960s the public discovery of ‘the coin that never was’ had whipped the nation into a frenzy, capturing the imagination of investors, collectors and the average Joe as they rushed to get their hands on these elusive coins at rapidly escalating prices.

The Adelaide Pound

The Adelaide Pound was conceived and struck by South Australian Government Assay Office in Adelaide in response to the first Australian gold rush. Local men flocked to the goldfields, taking with them almost all the sovereigns in circulation. Ironically, this landmark event in Australian history left the South Australian colony on the cusp of financial ruin!

Early in the production of the Adelaide Pound the die failed. Consequently, the Type I, of which just 30 to 40 are believed to exist, is distinguished by a die-crack on its reverse. Around 25,000 Type II coins were struck with a new die, although it is thought that just 200 of these Type II coins still exist.

Serious Value

So sought-after are these historic numismatic rarities that they’re collectively valued at close to quarter of a million dollars!

Visitors to Perth and local residents are now being encouraged to come and view the remarkable artefacts, which are seldom on the market but currently available for sale.

As part of the same unique display you’ll also be able to view a Queen Victoria 1899 Sovereign, the first sovereign minted at The Perth Mint; another rare Australian copper coin, the King George V 1921 penny; and the renowned Roth Family Holey Dollar, which is on loan from rare coin dealer Sterling & Currency and valued at $225,000.

The numismatic rarities display is free to view at The Perth Mint Shop until 27 November 2016. Anyone interested in purchasing the 1930 Penny or Adelaide Pounds should either talk to our Shop staff, contact the customer service team on 1800 098 817, or email orders@perthmint.com.au.

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Aug 182016
 

ANDA’s Money Expo is set to serve-up an action-packed weekend for coin enthusiasts and their families at the Melbourne Park Function Centre on 27 and 28 August.

The exciting exhibitor line-up features major Australian coin players, including both government Mints, while expert dealers from across the country will bring a wealth of additional knowledge and expertise.

ANDA is intent on making the Melbourne Money Expo a smash hit! As well as the more serious side of buying and evaluations, the re-vamped event features a prize pool of giveaways worth $1,000, free Show Bags for every attendee, and a ‘Five Cent Forage’ for the kids.

What’s more, the organiser has declared entrance fees are ‘out’, with admission now by gold coin donation!

Perth Mint Expo Special

Another great reason to drop by is The Perth Mint’s Melbourne Expo Special – a 2016 Australian Kangaroo 1/2oz silver coin featuring superb colourization. Limited to a mintage of just 1,500, the coin will be offered to visitors on both days at an exclusive price of $59.00 . Any outstanding mintage will be advertised by the Mint at the recommended retail price of $65.00 per coin from Monday 29 August.

Melb2016_Expo-Special_Fiona

Representing The Perth Mint in Melbourne, Fiona Hanrahan shows off the extremely limited Expo special.

Number One Prize Draw

And in a further ace attraction, the Mint is giving visitors a shot at taking home an Australian Kangaroo 2016 1oz Silver Gilded Edition accompanied by the sought-after Certificate Number One. Entry forms will be available on the Mint’s stand where it will be presenting a superb display of its latest precious metal collectables.

GildedKangaPrize

More Information

For further information, visit the Money Expo website – moneyexpo.net.au

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Jul 192016
 

Following the launch of the world exclusive Kimberley Treasure coin, The Perth Mint has sold the spectacular masterpiece to an international buyer within just 48 hours of its release.

Crafted from one kilogram of 99.99% pure gold and featuring a radiant 0.54 carat red diamond from the famed Argyle Diamond Mine in the East Kimberley region of Western Australia, the Kimberley Treasure coin is a one-of-a-kind collector’s item and valuable investment.

KimberleyTreasure_sold

The new owner of the coveted piece is Ashish Vijay Jain, Chairman of Tiara Gems and Jewellery DMCC, a company which specialises in rare coloured diamonds, unique collectables and heirloom pieces of fine jewellery.

“With an appreciation for Western Australia and its rare treasures, we are honoured to bring this prestigious collectable to Dubai, the luxury hub of the Middle East,” said Mr Jain. “At Tiara Gems we believe in the collection of extravagant items and endeavour to acquire many rare and exclusive pieces from around the world, such as the Kimberley Treasure coin.”

Perth Mint Chief Executive Officer, Richard Hayes, said he was delighted that the Kimberley Treasure coin had attracted so much interest from collectors and investors, with several interested parties vying for the privilege to own such as unique treasure. “This is a testament to the coin’s status as an object of desire and it has certainly found an ideal home in Dubai,” he added.

The Kimberley Treasure coin will be on display in The Perth Mint Shop, 310 Hay Street, East Perth, until Sunday 14 August.

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Jul 122016
 

The world’s first coin featuring a significant red diamond from Rio Tinto’s iconic Argyle Pink Diamond Mine was unveiled at The Perth Mint today.

Crafted from 1 kilo of 99.99% pure gold, the one-of-a-kind Kimberley Treasure coin features a bounding ‘red kangaroo’ and a radiant 0.54 carat red diamond. Selected for the Argyle Pink Diamond Tender, the most exclusive diamond sale in the world, the specially cut gemstone is hand set between the animal’s front paws.

Officiating at the launch of the unique offering, the Premier of Western Australia, the Honourable Colin Barnett MLA, said that its creation was a great example of two local companies sharing a passion for quality craftsmanship and the State’s rarest and most valuable resources.

The-Premier-of-Western-Australia-the-Honourable-Colin-Barnett-MLA-with-The-Perth-Mints-Kimberley-Treasure-coin

“The Perth Mint and Rio Tinto’s Argyle Diamond Mine have both been at the hub of Western Australian industry for decades, so I am delighted to unveil a collector’s item which captures two of the most beautiful natural treasures of our State,” said Premier Barnett.

Valued at $1 million, the Australian legal tender Kimberley Treasure is the most breathtaking collaboration between the two organisations yet. Previous releases include a number of diamond-studded ingots and coins portraying symbolic representations of the Kimberley landscape.

The magnificent new coin is on display in The Perth Mint’s retail shop on Hay Street until late August. Persons interested in purchasing The Kimberley Treasure can acquire further details by calling +61 8 9421 7376.

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Jun 272016
 

With the launch of our official eBay Store, here’s some timely advice on how to avoid buying fake coins and bars.

At The Perth Mint we don’t like hearing about buyers and collectors who have unwittingly purchased fake coins and bars. While you are safe buying direct from us and any of our official distributors, we understand that the coin collecting community also loves to buy and sell among each other.

Unfortunately, increasingly sophisticated copycats are trying to ruin your day! Despite eBay’s rules and policies forbidding the listing of replicas, counterfeit items or unauthorised copies, just about every major manufacturer and respected brand worldwide has had one or more of its products imitated and offered for sale!

AvoidFakes

As a measure of the problem, even people experienced in gold and silver have been known to be caught out by such scams. They then have to go through the rigmarole of claiming their money back, a hassle which once outside the refund deadline can prove frustrating.

One savvy and enthusiastic eBay buyer recently showed us examples of two fake minted bars he’d fallen victim to, even though the seller had excellent feedback ratings. Fortunately he had an industry contact with an XRF metal analyser and was in the habit of having everything he bought immediately tested. But not everybody is lucky enough to have access to such equipment when they need it!

To avoid the sickly feeling of being duped, buyers of gold and silver bullion need to become as knowledgeable as possible about the dangers. The following insights (which apply equally to buying from eBay, pawn shops or that bloke in the pub!) combined with a precautionary buying strategy based on commonsense principles will help relieve you from any nagging doubts.

What’s at risk?

The problem extends across the full spectrum of bullion and numismatic products, comprising cast (poured) bars, minted bars, as well as gold and silver coins.

Firstly, some good news! The web was abuzz not long ago with a scary story about a cast gold bar which was found to contain rods of tungsten. It led to massive amounts of conjecture about how many similarly defaced bars might be in the market. In truth, however, this unnerving episode was probably over sensationalised. In the long experience of senior staff at The Perth Mint refinery, such fakes are actually a rare occurrence.

On the other hand, the eBay buyer who visited the Mint not long ago said he believes there are large numbers of fake coins and minted bars out there. While they often appear to look like the real thing, generally these practically worthless rip-offs are nothing more than tungsten, copper, lead, nickel or alloy plated in a just a few microns of precious metal.

And hear this. The problem is probably going to get even worse because of the availability of technology that makes copying so easy. The canny counterfeiters may also be starting to target low mintage releases like some of our Australian Lunar coins in the knowledge that they stand a better chance of tempting a collector keen to finish a series.

Some tell tale signs

It’s now more important than ever to look out for any tell-tale signs that will suggest coins and bars offered for sale may be fakes. A listing marked ‘No Returns’ is an obvious red flag. But check carefully that the product’s full specifications are included. Official refiners and manufacturers advertise precise weights and dimensions for their coins and bars and by replacing gold or silver with base metal, counterfeiters are highly unlikely to be able to match these specifications precisely.

When compared to an authentic bar of the same weight, our visitor’s fakes looked good and were accurate in both length and width. But they were way too thick because the lighter metal inside – something that was not revealed by the photographs used in the advertisement. So if any of the specifications are missing from a listing or incorrect by even a single gram or millimeter, then treat it with enormous skepticism.

It’s really obvious that something is up when prices look drastically low. Gold and silver are commodities and cannot, therefore, be bought at a discount. If you think you’ve spotted a bargain or are offered the deal of a lifetime, think again. If it looks too good to be true, it will be!

Know your seller

Let’s be clear, collectors and investors are most likely to be exposed to the risk of fake coins and bars when buying from unknown suppliers. If you don’t know them, why take the risk? Our visitor reinforced this point emphatically when we asked what advice he would like to share with others. Simply “ don’t buy on eBay if you don’t know the dealer.”

In some cases you may be able to physically check them out by visiting the shop and meeting the owner. Maybe talk to some existing customers too. But if that’s impossible, let government-owned mints such as us help you out by referring to their list of authorised resellers.

This really is the golden rule for people on eBay anxious to avoid fakes. The Perth Mint publishes a list of reputable dealers on its website. Based all over the world, they’ve worked with us for many years and when selling on eBay, can be relied upon to provide honest and ethical service. In Australia, buyers can also be confident of dealing with members of the Australian Numismatic Dealers Association from whom you’re going to get what you paid for.

With a little research, you should be able to find similar information from other world mints too.

Visit The Perth Mint’s official store on ebay.

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