Are Perth Mint Coins Considered Legal Tender?
Apr
Do you own Perth Mint coins? Or perhaps you are thinking of purchasing some in the near future? Either way, you might be wondering if Perth Mint coins are considered legal tender.
Here at Commonwealth Vault, we offer an array of mint silver and gold coins, including Perth Mint coins. If you are interested in learning more about Perth Mint coins and whether they are legal tender, don’t stop reading.
What Are Perth Mint Coins?
Perth Mint coins are gold and silver bullion (99.99% pure) coins that are manufactured exclusively by The Perth Mint. These coins are minted onsite in Perth, Australia, characterised by exquisite designs, including kangaroo, koala, and kookaburra coins.
The Perth Mint itself is the official bullion mint for Australia, renowned for producing bullion bars and coins for both investment and banking purposes. The Perth Mint produces bullion, numismatic, and commemorative coins, boasting a wide range of mint coins derived from precious metals like silver and gold.
Here in New Zealand, Perth Mint coins are becoming a popular investment choice for many Kiwis.
However, a question remains: are Perth Mint coins legal tender?
Are They Legal Tender?
The Perth Mint manufactures legal tender coins under licence from the Australian Federal Treasury, meaning that authentic Perth Mint coins are considered legal tender, but only in Australia. The Perth Mint is one of two Australian mints that is able to issue legal tender coins, with the other being the Royal Australian Mint in Canberra.
Although Perth Mint coins are still considered legal tender, it is important to note that their increasing value makes them better suited for investment purposes. As a result, it’s not surprising to find that many Kiwis are choosing Perth Mint coins as part of their investment portfolio.
If you are looking for authentic mint coins, including Perth Mint coins, Commonwealth Vault has got you covered. We have a wide selection of gold and silver coins for you to choose from. Find your next coin to add to your collection by browsing our range. Alternatively, for more information about our products or for any enquiries, feel free to contact us today.