Up until the end of 1983, the Perth Mint also manufactured much of Australia's lower-denomination coin currency. During World War II, the Perth Mint began minting the Australian coinage from base metals. But it was not long before the Perth Mint was involved again in the production of coins. Nevertheless, the refinery remained busy as staff turned their skills to making fine gold bullion bars. The Mint stopped making gold sovereigns when Britain abandoned the gold standard in 1931. In the 32 years up to 1931, the Perth Mint struck more than 106 million gold sovereigns, and nearly 735,000 half-sovereigns (intermittently between 19), for use as currency in Australia and throughout the British Empire. ![]() On 1 July 1970, ownership was acquired by the state government of Western Australia, as a statutory authority. Mining businesses were able to sell their raw gold directly to the Mint, where it was made into gold coins and bullion.Īlthough WA took part in the Federation of the Australian colonies in 1901, the Mint remained under the control of the UK government for 69 years. Secondly, the Mint bought the vast majority of gold mined in WA at the time, a large proportion of mining was done by "diggers" ( prospectors and/or small-scale, independent miners), who had migrated to WA in thousands from other parts of Australia and overseas. Firstly, it minted coins for circulation in WA – this had previously been done externally, and as a result, there had often been insufficient currency in circulation. At that time, the population of Western Australia (WA) was growing rapidly (23,000 in 1869 and 180,000 in 1900) due to the discovery of rich gold deposits at Coolgardie, Kalgoorlie and the Murchison region. The building was officially opened on 20 June 1899. ![]() The foundation stone of the Mint building was laid in 1896 by Sir John Forrest. Perth Mint, as a business entity, was established during the 1890s, as a subsidiary of the Royal Mint in the United Kingdom. History Reverse 2022 Australia 1 oz Silver Swan Perth Mint. Along with the Royal Australian Mint, which produces coins of the Australian dollar for circulation, the Perth Mint is the older of Australia's two mints issuing coins that are legal tender. Established on 20 June 1899, two years before Australia's Federation in 1901, the Perth Mint was the last of three Australian colonial branches of the United Kingdom's Royal Mint (after the now-defunct Sydney Mint and Melbourne Mint) intended to refine gold from the gold rushes and to mint gold sovereigns and half-sovereigns for the British Empire. The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia.
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