Secondly, the Mint bought the vast majority of gold mined in WA at the time, a large proportion of mining was done by "diggers" ( prospectors and/or small-scale, independent miners), who had migrated to WA in thousands from other parts of Australia and overseas. Firstly, it minted coins for circulation in WA – this had previously been done externally, and as a result, there had often been insufficient currency in circulation. At that time, the population of Western Australia (WA) was growing rapidly (23,000 in 1869 and 180,000 in 1900) due to the discovery of rich gold deposits at Coolgardie, Kalgoorlie and the Murchison region. The building was officially opened on 20 June 1899. The foundation stone of the Mint building was laid in 1896 by Sir John Forrest. Perth Mint, as a business entity, was established during the 1890s, as a subsidiary of the Royal Mint in the United Kingdom. History Reverse 2022 Australia 1 oz Silver Swan Perth Mint. Along with the Royal Australian Mint, which produces coins of the Australian dollar for circulation, the Perth Mint is the older of Australia's two mints issuing coins that are legal tender. Established on 20 June 1899, two years before Australia's Federation in 1901, the Perth Mint was the last of three Australian colonial branches of the United Kingdom's Royal Mint (after the now-defunct Sydney Mint and Melbourne Mint) intended to refine gold from the gold rushes and to mint gold sovereigns and half-sovereigns for the British Empire. The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia.
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