Tuesday 7 November 2017
THE PERTH MINT RELEASES WORLD-FIRST FIGURE 8 COIN
In a world first for innovative design and craftsmanship The Perth Mint has released a unique figure 8 coin which is set to be a hit in the thriving market for collectable coins with Chinese themes.
Group Manager Minted Products Neil Vance said the coin was technically challenging to develop, but he was now very excited about the striking product which was entirely designed and crafted in Perth.
“We really wanted to do something innovative that would appeal to our domestic and export markets, both in our region and beyond,” Mr Vance said.
Shaped like a figure eight, the coin’s reverse features two finely detailed dragons wrapped around one another and holding coins in their claws.
“It was a fantastic team effort by our designers and our Coin Division. The tooling blanking and minting craftspeople have done outstanding work.”
Number eight is considered extremely lucky as the Chinese word for ‘eight’ sounds similar to (发) the character that means good fortune, wealth or to prosper.
In Chinese culture the dragon is revered as a divine mythical creature which is a symbol of strength, wealth and good fortune, as opposed to the malevolent beings in western legends.
The coin has also been individually ‘antiqued’ to give it a unique finish conveying the surface abrasions of an ancient artefact.
Each coin comes in a clear acrylic presentation case, which allows both sides of the coin to be displayed.
Struck from 2oz of 99.99% pure silver, it will be issued as legal tender under the Australian Currency Act 1965.
The Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the monetary denomination, and the 2018 year-date are shown on the coin’s obverse. The Perth Mint’s traditional ‘P’ mintmark also appears in the design.
The coin will be released on November 7, with no more than 8888 minted.
Its recommended retail price in Australia is $218.
In 2016-17 The Perth Mint exported $11 billion worth of gold to China, much of it in the form of one kilogram bars.
Caption: The Perth Mint graphic designer Ing Ing Jong with the Figure 8 Coin.ENDS
For further information, interviews or photography please contact:
Kiara Canavate, Media and Events Officer, The Perth Mint
T: (+61 8) 9421 7204
M: 0431 313 666
Alexandra Lucchesi, PR Manager, The Perth Mint
T: (+61 8) 9421 7475
M: 0403 985 897
Discover The Perth Mint’s entire range of products and more at perthmint.com.au and connect with us on Facebook, LinkedIn, Twitter and Instagram.
About The Perth Mint
The Perth Mint is Australia’s largest and most highly accredited precious metals enterprise. Through its integrated operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over.
Operating the largest refinery and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint holds endorsements from commodity trading centres in London, New York, Tokyo, Shanghai and Dubai.
The Perth Mint exports in excess of AUD18 billion worth of bullion bars and coins to institutional and private investors in more than 130 countries each year and issues an array of legal tender commemoratives for collectors. Offering the only government guaranteed precious metals investment and storage program, the Mint also manages in excess of
AUD3 billion worth of metal held on behalf of more than 30,000 clients.
Still operating in its original premises, founded in 1899, The Perth Mint is also a premier tourist destination and home to the largest coin in the world – the Australian Kangaroo One Tonne Gold Coin.