Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia.
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15 Facts About Perth Mint
2.
From 1899 to 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.
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3.
The Mint stopped making gold sovereigns when Britain abandoned the gold standard in 1931.
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4.
Up until the end of 1983, the Perth Mint manufactured much of Australia's lower-denomination coin currency.
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5.
The Royal Perth Mint was so impressed that it ordered some of the gold as the benchmark for its own standards.
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6.
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.
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7.
In October 2011, the Perth Mint created the world's largest, heaviest and most valuable gold coin, breaking the record previously held by the Royal Canadian Mint.
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8.
Today, the Perth Mint continues to provide refining and other services to the gold industry and manufactures many coin related numismatic items for investors and coin collectors.
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9.
In June 2020, an investigation by the Australian Financial Review found that Perth Mint had purchased annually from a convicted killer in Papua New Guinea.
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10.
The Perth Mint partnered with Euro Pacific to allow the bank's customers to buy gold.
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11.
The Perth Mint was reportedly probed by the Australian Tax Office in January 2020.
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12.
On 20 October 2020, the Australian Financial Review reported that the Perth Mint allowed clients of a tax haven bank, which was being investigated for its links with global organized crime syndicates, to purchase more than $100 million of gold without conducting the identity checks required to prevent money laundering.
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13.
On 30 August 2022, Australia's Financial Crimes regulator, AUSTRAC, appointed an external auditor to investigate concerns about how the Perth Mint complies with its obligations under Australian Money Laundering legislation.
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14.
In July 2020, an article in the Australian Financial Review revealed that the Perth Mint had signed the Bank of Cyprus as a customer despite the US State Department declaring Cyprus a "major money laundering jurisdiction" and warning about its links to Russian organised crime.
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15.
In June 2020 the Perth Mint said it would stop processing metal from artisanal and small-scale miners after allegations that it took gold dug in Papua New Guinea using child labour and toxic mercury.
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