Thursday, December 6, 2012

2012 8 Coin Gold Proof Year Set – Mini Money Circulating Designs










2012 8 Coin Gold Proof Year Set – Mini Money Circulating Designs

The images featured on Australia's first decimal coins are as familiar to Australians as they are intriguing and world renowned. This coin set features the one cent, two cent, five cent, ten cent, twenty cent, round fifty cent, one dollar and two dollar coins all the same size and in one collection. This collection is unique as these are some of the smallest coins we have ever made at the Royal Australian Mint. Struck in 99.99 percent gold, these designs created by Stuart Devlin beautifully highlight Australia as a unique and inimitable country.

This unique eight coin set is presented in a wooden case with each of the coins individually removable from case.

This set is a highly affordable way to acquire a full set of Australia’s circulating coin designs in gold, with its uniqueness being an important part of this collection.


Metal
Diameter
Mass
Finish
Mintage
99.99% Au
11.15
0.5g
Proof
2000

Saturday, December 1, 2012

Bullion Miners Facing Tough Challenges


A new report from the world's largest gold producer Barrick Gold provides yet another illustration of the problems facing gold mining companies.

In South Africa, extraction of gold from depths of more than 6,000 meters has almost become the rule rather than the exception. Mining costs are being pushed up by the logistical challenges of drilling at great depths, as well as an increasingly militant work force which is demanding higher wages. Add exploration costs to this mix and it’s little wonder that companies’ profits are being squeezed, despite the high gold price. According to Barrick, total production costs for all mining companies exceeded the $8 billion mark last year.

While 1991 saw the discovery of 11 new gold mines, in 2011 only three mines with production potential were found. Aside from the drop in gold ore and rising production costs, a third factor is increasingly hindering gold production: producing countries' tedious licensing processes and sluggish bureaucracy. According to Barrick Gold, this is being exacerbated by increasing environmental regulations that could jeopardize many mining operations.

Many companies are also facing increasing hostility from residents in mining areas. This has been particularly evident in Peru, Bolivia or Ecuador – where there have been violent clashes between local people and police.

This is a  tricky set of factors for many companies. But given the gains in gold many expect in the coming years, great fortunes could still be made in the right gold mining investments.

Tuesday, November 20, 2012

Lunar Year of the Dragon 2012 $10 Legal Tender Gold Proof Coin


2012 $10 Gold Proof  Coin – Year of the Dragon – Lunar Series

Fifth in the Lunar cycle, the dragon is said to be a deliverer of good fortune and therefore to be honoured and respected. The dragon is beautiful and flamboyant much like the coin designs we now present to you. The powerful dragon design will breathe new fire into your ongoing Lunar Series collection.


The dragon is a creature of myth and legend and a sign of intense power. The dragon is often regarded as the divine beast and collectors often hold the same regard for low mintage gold coins.  Buy now.


Denomination
Metal
Diameter
Mass
Finish
Mintage
$10
99.9% Au
17.53mm
1/10oz
Proof
2,500

Saturday, November 3, 2012

Australian Lunar Series II 2012 Year of the Dragon 1oz Gold Proof High Relief Coin


Australian Lunar Series II 2012 Year of the Dragon 1oz Gold Proof High Relief Coin at The Perth Mint, featuring:
  • Proof Quality 99.99% Pure Gold
  • High Relief Design
  • Australian Legal Tender
  • Extremely Limited Mintage – 388
  • Stunning Illustrated Presentation Packaging
Only 388 of these outstanding coins have been minted, so act now to secure this exclusive and prestigious release.   Struck in high relief for extra impact, this gleaming gold dragon is a must for all collectors.

The birth dates for people ruled by the Chinese Lunar dragon include 1916, 1928, 1940, 1952, 1964, 1976, 1988, 2000 and 2012.  This rare release represents the perfect gift for anyone you know born in these auspicious years.


Proof Quality 99.99% Pure Gold

The coin is struck by The Perth Mint from 1oz of 99.99% pure gold.

High Relief Design

The coin’s high relief reverse and obverse are minted on concave surfaces to ensure the optimum flow of metal is achieved by the strike of the die.

The coin’s reverse depicts a representation of a dragon with a symbolic ‘pearl of wisdom’.  The Chinese character for ‘dragon’ and the inscription ‘Year of the Dragon’ also appear in the design with The Perth Mint’s traditional ‘P’ mintmark.

Extremely Limited Mintage

No more than 388 coins will be issued by The Perth Mint.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin’s obverse features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the 2012 year-date and the monetary denomination.

Stunning Illustrated Presentation Packaging

The coin is housed in a display case and beautifully illustrated shipper and is accompanied by numbered Certificate of Authenticity.

Technical Specifications:

Silver Content (Troy oz) 1
Monetary Denomination (AUD) 100
Fineness (% purity) 99.99
Minimum Gross Weight (g) 31.107
Maximum Diameter (mm) 27.30
Maximum Thickness (mm) 5.00

Friday, November 2, 2012

Australian Lunar Series II 2013 Year of the Snake Gold Proof Coloured Editions Perth Mint, Australia


Australian Lunar Series II 2013 Year of the Snake Gold Proof Coloured Editions at The Perth Mint

  • Proof Quality 99.99% Pure Gold
  • Stunning 2013 Year of the Snake Designs
  • Australian Legal Tender
  • 1oz, 1/4oz and 1/10oz Sizes
  • Extremely Limited Mintages
  • Numbered Certificate of Authenticity
  • Prestigious Display Case and Shipper

The Perth Mint is extremely proud to present the latest designs in our internationally renowned Australian Lunar Series II.  The outstanding new coins celebrate 2013, the lucky Year of the Snake and the sixth animal in the 12-year cycle of the Chinese zodiac.


The birth-years for those born under this ancient Lunar horoscope include 1905, 1917, 1929, 1941, 1953, 1965, 1977, 1989, 2001 and 2013.

Proof Quality 99.99% Pure Gold

Each coin is meticulously struck from 99.99% pure gold in proof quality.

Stunning 2013 Year of the Snake Designs

The reverse of the coin depicts a representation of a red and gold snake with bamboo.  The colours red and gold symbolise good luck, wealth and happiness.  The Chinese character for ‘snake’ and the inscription ‘Year of the Snake’ also appear in the design with The Perth Mint’s traditional ‘P’ mintmark.

Australian Legal Tender

Issued as Australian legal tender, the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the 2013 year-date and the monetary denomination are shown on the obverse of each coin.    

Extremely Limited Mintage

The Perth Mint will release no more than 5,000 1oz coins, 5,000 1/4oz coins and 5,000 1/10oz coins.

Numbered Certificate of Authenticity

A numbered Certificate of Authenticity accompanies each coin.

Stunning Presentation Display Case

The coins are housed in elegant oval-shaped display cases, featuring a glossy timber-effect lid and presented in coloured illustrated shippers. 

Tuesday, October 2, 2012

Perth Mint Gold Bullion Kangaroo Coins Launched Today


With gold prices on the move again, the brand new 2013 Australian Kangaroo gold bullion coin series couldn't have come at a better time.

From today, investors and collectors can purchase four new coins (1oz, 1/2oz, 1/4oz, 1/10oz) portraying Australia's most symbolic animal in a superb new design. For large physical investors, the classic 1 kilo coin is not just a trusted, convenient store of value, but also a sumptuous treasure of a release!

Meticulously crafted by the world-renowned Perth Mint from guaranteed 99.99% pure gold, the 2013 Australian Kangaroo offers outstanding solutions for those looking to acquire gold in the totally secure form of Australian legal tender.

Monday, September 10, 2012

Gold Production Falls, But Miners Still Profitable


Australian gold production has fallen by 4 per cent over the last year.
A higher gold price has meant miners are now targeting lower grade ore and just 261 tonnes of the shiny metal was pulled from Aussie soil last financial year.
Dr Sandra Close, from mining consultancy firm Surbiton, says despite the drop, producers are still keeping their heads well above water.
"That's what's happened, they've been taking advantage of the high gold price and making the most of their deposits and treating slightly lower grade ore, so of course we have a little less gold," she said.
"But what's the most important thing there really is the margin between the sales price and the cost."

The Super Pit
The Super Pit at Kalgoorlie, WA, is currently 3.7 km long, 1.5 km wide and 450 metres deep and one of the largest gold producers in the world. (Emma Wynne)