Reading: Perth Mint’s pink Argyle diamond-encrusted coin dazzles collectors at World Money Fair – ABC News
“ The phoenix is made of 16 carat rose aureate [ and ] we put in 89 fondness purple, pink diamonds [ with ] approximately 1.22 carats on each coin .
“ We surely managed to find some new collectors for the coins because of the diamonds but we besides love the fact that we ‘re working with two prestigious West Australian brands that go very well together. ” Mr Vance said with more than 15,000 collectors coming through the World Money Fair, bid for eight Jewelled Phoenix coins had been highly competitive. “ We have five of them sold and we have three very serious enquiries so we believe we might have sold all eight, ” he said. “ The phoenix has always been regarded as the deity king of all birds and is meant to bring happiness and prosperity, so from that detail of opinion it ‘s identical popular in chinese acculturation. ” apart from its condition as a one-off collectors ‘ item, the coin is besides legal tender in Australia . The Kimberley Treasure weighs one kilogram and is made of 99.99 per cent pure gold with a 0.54 carat red Argyle diamond worth about $950,000.(
ABC News: Andrew O’Connor
Read more: Coin rotation paradox – Wikipedia
) It ‘s the fourth class the Perth Mint has worked with Argyle Diamond Company to produce a collectible mint, a partnership most celebrated for producing the Kimberley Treasure — a coin depicting a red kangaroo holding a 0.54 carat crimson Argyle ball field worth about $ 950,000. And as global demand for Chinese themed precious metallic coins continues to soar, the Perth Mint besides released Australia ‘s first orthogonal Dragon bullion coins at the World Money Fair.
Loading
“ We have big exports into Asia, through Singapore, Hong Kong, China, Taiwan and Japan and we ‘ve been doing the chinese lunar calendar subject since 1995, ” Mr Vance said. “ [ But ] we wanted to do something different in the bullion coin market this year, so we decided to come up with a rectangle coin and we released a one-ounce amber and one-ounce silver in Berlin and both so far are selling very well .
“ We ‘ve only released 500,000 ash grey and 25,000 gold coins, which is a pretty small mintage for a amber coin on the world bullion market. ”
The Perth Mint exports in surfeit of $ 18 billion deserving of bullion bars and coins to institutional and individual investors in more than 130 countries each year. It is the largest australian exporter of gold coins to Germany, with big markets in the USA and throughout South-East Asia. With the coins taking two years to design and produce, the collections for the 2019 World Trade Fair are already afoot .
