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| Features | |||||||||
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Secure
The Perth Mint is wholly owned by the Government of Western Australia and has been providing investors with secure vault storage of precious metals along with trading facilities since 1899.
Western Australia is rated AAA by the US international credit rating agency, Standard and Poor's.
The bullion bar products of the Gold Corporation group enjoy accreditation from the London Bullion Market Association (LBMA), the New York Mercantile Exchange (COMEX) and the Tokyo Commodity Exchange (TOCOM).
All PMCP metal is insured (at The Perth Mint's expense) by Lloyds of London.
Affordable
No storage fees for unallocated (unsegregated) precious metals.
No import or export duties on precious metals in Australia for non-residents.
An investor can collect precious metals from The Perth Mint or arrange insured delivery to an international location.
Low minimum purchase requirements. Entry to the Perth Mint Certificate Program requires only a low minimum investment of USD 10,000 (c. EUR 7,500; c. GBP 7,000). Minimum subsequent purchase or sale amounts are USD 5,000 (c. EUR 3,750; c. GBP 3,500).
Flexible
No predetermined transaction size, other than the minimum requirements listed above.
Investors have the option of holding precious metals (Gold, Silver and Platinum) in either bullion coin or bullion bar form.
Investors can convert from an unallocated account to an allocated account at any time.
Certificates can be redeemed, all or in part, at any time.
Metal can be shipped, insured, to a location of your choice. Exclusive
Overseas relationship is with a Government Vault, not a foreign bank.
Investors have a private client vaulting relationship with The Perth Mint.
The Perth Mint is operated by the Gold Corporation, a unique diversified Australian precious metals group created by statute in 1987 and wholly owned by the Government of Western Australia.
The Perth Mint Certificate Program is the only government-guaranteed, precious metal accumulation program in the world.
Transaction confidentiality is provided for under the Gold Corporation Act 1987 and the Perth Mint Certificate Programs administrative procedures.
The Perth Mint's records utilize a code number to ensure client confidentiality and security.
The document is registered to the owner and it is referenced by client name and Certificate number.
Availability
Perth Mint Certificates are available only through a very limited number of authorised dealers.
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| History | 2>
The Perth Mint has played a central role in the development of Western Australia's gold industry. During the 19th Century, three branches of the Royal Mint of London were established in the Australian colonies to refine gold from the gold rushes and to mint gold sovereigns and half-sovereigns for the British Empire. The Sydney branch opened in 1855, the Melbourne branch in 1872 and the Perth branch on 20 June 1899, two years before Australia's Federation in 1901. The Perth Mint opened in 1899 in response to the discovery of rich gold deposits in Coolgardie and Kalgoorlie. It was Australia's third branch of Britain's Royal Mint - the others being the Sydney Mint and the Melbourne Mint (both closed). Diggers, who flocked to the then colony of Western Australia in huge numbers from other parts of Australia and from around the world, deposited their raw gold at The Perth Mint where it was minted into gold coins.
Between 1899 and 1931, The Perth Mint struck more than 106 million gold sovereigns and nearly 735,000 half-sovereigns for use as currency in Australia and throughout the British Empire. The Mint stopped making gold sovereigns when Britain abandoned the gold standard in 1931. Nevertheless, the refinery remained busy as staff turned their skills to making fine gold bullion bars. But it was not long before the Mint was involved again in the production of coins. During World War II, the Perth Mint began minting the Australian coinage from base metals. Until 1984, it also manufactured much of Australia's conventional coin currency. The Perth Mint achieved "arguably the purest of all gold" in 1957 when the mint produced a proof 'plate' of almost six nines - 999.999 parts of gold per thousand. The Royal Mint was so impressed that it ordered some of the gold as the benchmark for its own standards. The Perth Mint remained under Britain's jurisdiction until 1 July 1970, when ownership transferred to the State Government of Western Australia.
The Mint's new direction was formalised in 1987 with the creation of Gold Corporation by a State Act of Parliament. Under a unique agreement with the Commonwealth of Australia's Department of the Treasury, the Mint's new operator was empowered to mint and market gold, silver and platinum Australian legal tender coinage to investors and collectors worldwide. Prime Minister Bob Hawke launches the Australian Nugget Gold Coins Series in 1987. The first day's trading yielded sales of 155,000 ounces of gold worth $103 million, well above the sales target of 130,000 ounces to the end of June. Today, The Perth Mint is a member of an elite group of world mints whose pure gold, silver and platinum legal tender coins are trusted without question. Like the Australian Nugget, its Australian Kookaburra Silver Coin Series and Australian Lunar Gold and Silver Coin Series are extensively sought after by bullion investors worldwide.
Today, the Mint continues to provide refining and other services to the gold industry and manufactures many coin related numismatic items for investors and coin collectors. It is responsible for manufacturing and marketing most of Australia's legal tender precious metal coins, including proof quality Australian Nugget gold coins, Australian Platinum Koala coins, Australian Silver Kookaburra coins and bullion. In 2003, The Perth Mint officially opened an 8,400 square metre state-of-the-art manufacturing facility next door to its original limestone building. Dominating the Mint's heritage precinct, these two important buildings are powerful symbols of more than 100 years of minting excellence in Western Australia.
[edit] | Tags: External links | 2>
Official website
Retrieved from "http://en.wikipedia.org/w/index.php?title=Perth_Mint_Certificate_Program&oldid=491253123"
Categories: Organisations based in Perth, Western AustraliaHidden categories: Articles with a promotional tone from March 2010All articles with a promotional toneOrphaned articles from January 2010All orphaned articles
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