Tomorrow’s coin release is scheduled at the new time of 8.00am Perth time (10.00am Australian Eastern States).
It is with great sadness that The Perth Mint learned of the passing at the weekend of Cheryl Holt, better known as Maggie to members of the Silver Stackers forum. Maggie played a highly-significant role in the coin community in Australia and beyond and will be sadly missed by the many collectors and investors whose lives she touched. In regular dealings with the Mint, Maggie displayed her trademark cheerfulness, kindness and grace, which has left a lasting impression on all staff who had the pleasure of conversing with her. The Mint would like to convey its sincere condolences to Maggie’s husband Russell and the family at this tremendously difficult time.
For further information and tributes, please visit Silver Stackers.
We have heard a number of complaints from those who tried unsuccessfully to order the 2oz Poseidon coin from our website overnight. I am sorry you did not succeed – obviously not everyone could with a mintage of a just 1,500.
The Poseidon coin’s design-appeal and low mintage created incredible demand. Half an hour before it became available for sale online we had more than 450 customers logged into our website waiting to buy. That figure increased as we moved towards launch time with even more buyers chasing the first tranche of our website’s allocation of 300 coins.
The speed and volume of orders to hit the website caused many of the problems that have been described to us. I apologise if you were left ‘hanging’ for any length of time before our system indicated that the coin was no longer available. This is a shortcoming of our systems we’re aiming to resolve under the website replacement program.
The other complaint we have heard is that a few dealers have been offering Poseidon coins on online auction sites at prices significantly over our recommended retail price. This has led to claims that they were given preferential treatment. In fact, each dealer received only a tiny allocation which was correlated to the number of preceding Zeus coins they took.
On the question of dealer pricing, unfortunately there is very little we can do. As discussed previously on our blogs, we are unable to ‘fix’ the price at which third parties sell our coins under Australian consumer law.
Congratulations to those collectors who did secure the amazing Poseidon coin via our website – you are the proud owner of an extremely sought-after release!
The Perth Mint is reversing its previously stated position and will now restrict the number of Poseidon 2014 2oz Silver High Relief Coins to one per existing retail customer.
In recent days it has become increasingly clear that this coin, which has a maximum mintage of just 1,500, will be highly sought-after.
Unauthorised publication of a Poseidon coin image at the weekend increased enquiries at the Mint today with collectors expressing concern they could miss out if purchases remained unrestricted.
Under the one-per-customer policy, we are confident that more collectors will now get the opportunity to purchase the coin at issue price from the Mint.
The Poseidon 2014 2oz Silver High Relief Coin will be available on The Perth Mint website from 12.01am 3 June 2014 (AWST).
The Perth Mint has been recognised for its technological innovation in coin manufacturing at the XXVIII Mint Directors’ Conference in Mexico. Amid stiff overseas competition, Perth Mint CEO, Ed Harbuz was proud to accept the award for Most Technologically Advanced Gold Coin for our Treasures of the World – Europe 2013 1oz Gold Proof Locket Coin with Garnet.
Taking place every two years, the prestigious Mint Directors Conference provides an opportunity for international minting industry professionals to gather together and exchange information on monetary matters, economic, technical and numismatic issues. The theme of this year’s conference was “shining the future”.
As the nation honours World Red Cross Day, The Perth Mint is proud to present a pure silver commemorative coin celebrating 100 years of Australian Red Cross.
Officially unveiled at Parliament House in Sydney by Red Cross CEO Robert Tickner and President Michael Legge, this great Australian story of generosity and compassion is a welcomed theme on the Nation’s legal tender.
Founded on 13 August 1914, Australian Red Cross began its journey by preparing food parcels for soldiers and prisoners of war and caring for the wounded. Hundreds of thousands of volunteers signed up and by World War II, Australian Red Cross had become the country’s largest charitable organisation. Today, one million Australian Red Cross members, volunteers, donors, staff and supporters make a positive difference to the lives of thousands of people in need every day.
Struck from 1oz of 99.9% pure silver, the coin features a series of black and white photographs representing the broad cross-section of society that Australian Red Cross assists, and an image of a World War I nurse surrounding the organisation’s anniversary logo. The inscriptions THE POWER OF HUMANITY and 100 YEARS PEOPLE HELPING PEOPLE, and The Perth Mint’s ‘P’ mintmark also appear in the design.
Speaking at today’s launch, Perth Mint Sales and Marketing Director, Ron Currie thanked the organisers at Australian Red Cross for their continued support in the development of this spirited tribute coin.
“Marking the centenary of Australian Red Cross is a project that The Perth Mint has been particularly proud to undertake, and we are extremely honoured to recognise the generations of Australians who have contributed to this outstanding service,” he said.
Red Cross CEO Robert Tickner said, “It’s a tremendous honour for Red Cross to celebrate 100 years of people helping people in Australia.”
With only 5,000 to be released, the 100th Anniversary of Australian Red Cross 1oz Silver Proof Coin is an exceptional offering by The Perth Mint. Priced at $99.00, collectors can purchase this significant piece from The Perth Mint at 310 Hay Street in East Perth, or toll free 1800 098 817 (Australia), +61 8 9421 7218 (International) or at perthmint.com.au. Purchasers can also check availability of the coin at centenaryshop.redcross.org.au, at their local coin dealer or Australia Post outlet.