The only gold refinery in Australia is run by the Perth Mint.. The refinery is a gold refinery accredited by the London Bullion Market Association (LBMA) and refines nearly all of Australia's gold, which amounts to more than 400 tonnes annually.
The Mint produces legal tender gold and silver investment coins for the Australian Commonwealth Government and a variety of investment gold and silver minted and cast bars in addition to providing facilities and programs for precious metals depository and storage. Most of the time, melted gold is poured into a mold to make cast bars.
Typically, cast bars have a rough finish. Most of the time, mint bars are made by cutting rectangular-shaped, large cast bars that have been rolled to a certain thickness. The shapes, which are referred to as blanks, are then minted or “struck” to a very high finish using a precision minting press, which also adds to the intricate design of the bar.
Therefore, the name “minted bars” Over thirty gold and silver bars and coins in a variety of weights and sizes are currently produced by the Perth Mint. Since 2005, the Mint has produced mint gold bars. In 2010, the current gold bars, also known as a Kangaroo bar, was introduced. The design on the bar's reverse is what gives it its name. The Kangaroo bar comes in eight different weights: 1 gram, 5 gram, 10 gram, 20 gram, 50 gram, 100 gram, 1 ounce, and 10 ounces (see above).
Physical dimensions and specifications Due to its high quality of production, high gold content, and skilled craftsmanship, the Perth Mint 1 oz minted gold bar is sought after by investors and collectors alike. The bar's exquisite beauty and attention to artistic detail attract collectors. Investors are drawn to the bar due to its convenient size, affordable gold price, security features, and international market reputation.
Physical characteristics The Kangaroo 1 troy-ounce minted gold bar has a minimum gross weight of 31.107 grams, a fineness of 99.99%, and fineness of 1 troy ounce. The one-ounce bar is rectangular with tapered corners, 41.60 mm by 24.60 mm, and 1.71 mm deep (the approximate size is shown above).
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