Near Mint
Near Mint
Rabbit and Kookaburra Bullion Coins nearly sold out
1oz Year Of The Rabbit Coins Sold Out
Chinese New Year celebrations had barely begun when we signed wholesale distribution agreements for the last 1oz gold and final 1oz silver Australian Lunar – 2011 Year of the Rabbit bullion coins.
Within a day or two we will have shipped all 30,000 gold coins and 300,000 silver coins from the Mint, allowing us to declare official sell out of both sizes.
As a result, 1oz gold and silver Rabbits have already been removed from sale on www.perthmintbullion.com.
This is a great result for the Australian Lunar program reflecting not only strong demand for gold and silver from around the world, but also the attractive design and superb strike quality of The Perth Mint's bullion coins.
Popular Kookaburra Bullion Coin Nears Sell Out
Get ready for an announcement about the sell out of the 2011 1oz Australian Kookaburra silver bullion coin.
We now have wholesale commitments for the remaining mintage and are expecting to make final shipments shortly.
Traditionally, we have made 300,000 1oz Kookaburras annually. However, in response to extra expected demand, we announced an official mintage of 500,000 for the first time in 2011.
As recently reported, 1oz Lunar Rabbit silver bullion coins are officially sold out at the Mint. The only 1oz Lunar coin currently available is the 2008 Year of the Mouse release - although it is also getting close to sell out.
2011 silver bullion coins we're currently making comprise:
• 1 kilo, 2oz, and 1/2oz Lunar Rabbits
• 1 kilo, 1oz and 1/2oz Koalas
• 1 kilo Kookaburras
Expanding the Silver Bar Manufacturing Capacity
The Perth Mint Refinery is reorganising and expanding its small silver bar manufacturing plant.
Work is progressing on schedule and we expect the new facility to come online during July.
Unfortunately, the switch-over means there will be a temporary reduction in our silver bar manufacturing capacity. As a result, it is likely there will be periodic stock-outs on www.perthmintbullion.com and in The Perth Mint Shop.
Restricted silver bar production in the next few months relates exclusively to the installation of new plant. Despite some comments, there is no shortage of silver affecting The Perth Mint.
By July we will have effectively doubled our manufacturing capacity, ensuring that we are able to meet the tremendous interest in our 10oz, 20oz, 1kg and 100oz cast silver bars.
Current arrangements for silver coin manufacturing are unaffected by works at the Refinery. Meanwhile, the new 1000-tonne automatic press for 1kg silver coins is being commissioned.
About the Author
The Perth Mint, home of Australian precious metals since 1899, produces gold and silver coins to suit all types of investment with the best gold and silver price. Please visit the official site for buying silver and gold coins www.perthmintbullion.com
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