Jun 302014
 

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.

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Jun 032014
 

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!

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May 262014
 

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).

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Winning gold!

 Posted by  Gold, News
May 212014
 

Ed-with-Award
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”.

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