Perth Mint And The Royal Australian Mint

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Author	Replies: 3 / Views: 1,574
Demarco Bishopp Pillar of the Community United Kingdom 548 Posts	Posted 04/14/2013 09:15 am Are they both official Australian mints? Do they both create currency for Australia? Please explain the difference Report this Post to the Staff

FNQ Pillar of the Community Australia 507 Posts	Posted 04/14/2013 09:46 am This topic comes up many times... The Royal Australian Mint (RAM) is considered the "official" mint in respect that it mints circulating coinage in addition to NCLT - in effect a 'federal' mint (think P or D mintmarks in a US context). The Perth Mint is a private mint owned by the WA government (think State mint), authorised under the Gold Corporation Act to release "coins" with official Australian "legal tender" status (for US context, consider an S or W mintmark). It once used to supplement official circulating coinage, but this has long since ceased, and now solely operates to produce non-circulating value added products. Report this Post to the Staff
Demarco Bishopp Pillar of the Community United Kingdom 548 Posts	Posted 04/14/2013 09:52 am So Perth does the bullion issues and the RAM does the normal currency? Report this Post to the Staff
FNQ Pillar of the Community Australia 507 Posts	Posted 04/14/2013 11:36 am Both do bullion+ issues in competition to each other, with the Perth Mint offering additional options in regard to bullion or bullion+, but since the days of copper coinage, only the RAM does normal circulation coinage or derivatives. Report this Post to the Staff
	Replies: 3 / Views: 1,574

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