The Perth Mint is the exclusive producer and issuer of Australia's silver, gold and platinum bullion coins of which it "sold" 4.2 million in 2012.
The Perth Mint does not produce any of Australia's circulating coins, but it does produce coins for a number of other countries.
All Australian general circulation coins are made at the Royal Australian Mint (RAM) Canberra. A lot of the Non-Circulating Legal Tender coins are minted at the Perth Mint. All Australian banknotes are printed at Note Printing Australia in Melbourne, a wholly owned subsidiary of the Reserve Bank of Australia.
The Royal Australian Mint (RAM) is in Canberra and has the sole responsibility of minting all of Australia's circulating coins. The Perth Mint is wholly owned by the Western Australian Government and is operated by Gold Corporation. The Perth Mint produces much of Australia's bullion coins, most of the Non-Circulating Legal Tender (NCLT) coins for Australia and many other products including nuggets, medals, medallions, and produces precious metal blanks for other mints. It is Australia's only major gold refiner and one of the largest in the world. The Perth Mint also carries out similar work for other countries.
Australian money is made in the reserve bank Australia or in the Perth mint. Check the Australian reserve bank for further information.
What are commonly referred to as gold coins in Australia are the general circulation One and Two Dollar coins. Neither has any gold in them, but they do have a dirty gold appearance. Both coins are made from an alloy of 92% copper, 6% aluminium and 2% nickel. Both the Royal Australian Mint (RAM) and the Perth Mint produce a range of Proof coins, nuggets and other coin like objects for collectors and investors which do have a gold content of between 91.67% and 99%.
A Platinum Koala is a precious metal bullion coin minted by the Perth Mint in Australia. It is part of the Australian Koala coin series, featuring the iconic koala design on the reverse side. These coins are made of .9995 fine platinum and are sought after by investors and collectors for their rarity and purity.
Australian silver coins (5, 10, 20 and 50 cent) are composed of 75% copper and 25% nickel. There is no silver in any circulating Australian coin.
The were no British or Australian coins made from pure copper in 1915. Pennies, Halfpennies and Farthings were made from bronze which was about 97% copper.
The first Australian coins to be put into circulation were the Threepence, Sixpence, Shilling and Florin in 1910.
The two general circulation Australian coins that have a gold coloured appearance are the One and Two Dollar coins. They are both made from 92% copper, 6% aluminum and 2% nickel. Non-circulating Australian gold coins are usually made from 22 carat gold. These are a specially minted coin for serious collectors and investors and are priced in accordance with the current rate for gold. No country with responsible financial management could afford to circulate coins made from gold.
All Australian Two Dollar coins are HH coins. HH is the initials of the designer of the reverse, Horst Hahne. The HH inscription only appeared on the 1988 and 1989 coins. There were 160,852,100 1988 coins minted. There were 31,637,800 1989 coins minted.
From 1967 onwards, no general circulation Australian coin has contained any silver, or any other precious metal at all. Since 1967, all Australian "silver" coins are made from a 75% copper and 25% nickel alloy.
These coins are very common and are worth face value.