Perth Mint to Resume Taking Bullion Coin Orders
11 December 2008 Media Release
The Perth Mint has announced that it will resume taking orders for a popular range of gold and silver bullion coins from 12 January 2009.
The announcement follows an earlier Perth Mint communication advising clients that as a result of unprecedented worldwide demand, it had been forced to close its new order book for gold and silver bullion coins, except its 1oz Kangaroo gold bullion coin. Orders for popular numismatic products and Depository/Certificate products were, and continue to be, unaffected.
Due to its reputation and extensive connections in the bullion market, the Western Australian State-owned Mint continues to have no problem sourcing wholesale gold and silver. The decision to temporarily suspend taking new orders for gold and silver bullion coins was purely a result of the 100 per cent utilisation of its production capacity.
As of 12 January, the Mint will be resuming orders for a streamlined range of 1oz and 1kg Australian Koala, Australian Kookaburra and Australian Lunar silver bullion coins, as well as 1oz Lunar gold bullion coins.
By limiting the range to these coins and the 1oz Kangaroo gold bullion coin, the Mint expects to be able to increase production volumes from existing production capacity.
Where dealer demand continues to outstrip product availability, coins will be subject to an allocation process.
The availability of fractional and other size variations from its bullion coin range will be subject to ongoing review.
The Perth Mint is committed to supplying its customers with as much product as possible and continues to make every effort to satisfy its dealer and customer requirements.
The Perth Mint has announced that it will resume taking orders for a popular range of gold and silver bullion coins from 12 January 2009.
The announcement follows an earlier Perth Mint communication advising clients that as a result of unprecedented worldwide demand, it had been forced to close its new order book for gold and silver bullion coins, except its 1oz Kangaroo gold bullion coin. Orders for popular numismatic products and Depository/Certificate products were, and continue to be, unaffected.
Due to its reputation and extensive connections in the bullion market, the Western Australian State-owned Mint continues to have no problem sourcing wholesale gold and silver. The decision to temporarily suspend taking new orders for gold and silver bullion coins was purely a result of the 100 per cent utilisation of its production capacity.
As of 12 January, the Mint will be resuming orders for a streamlined range of 1oz and 1kg Australian Koala, Australian Kookaburra and Australian Lunar silver bullion coins, as well as 1oz Lunar gold bullion coins.
By limiting the range to these coins and the 1oz Kangaroo gold bullion coin, the Mint expects to be able to increase production volumes from existing production capacity.
Where dealer demand continues to outstrip product availability, coins will be subject to an allocation process.
The availability of fractional and other size variations from its bullion coin range will be subject to ongoing review.
The Perth Mint is committed to supplying its customers with as much product as possible and continues to make every effort to satisfy its dealer and customer requirements.
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