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Proof, Bullion And Specimen Whats The Difference?

We use three classifications to describe our precious metal coins proof

, bullion or specimen.

Proof Coins

The very highest quality coins produced by The Perth Mint feature a proof finish. The coin table (background) is highly-polished and mirror-like.

Traditionally, design elements are delicately frosted. However, as an alternative, we colour some or all design elements on many of our proof quality releases.


Because of the time and skill involved in creating proof quality coins, this finish is reserved for our most limited, highly-prized numismatic (collectable) issues.

Bullion Coins

Bullion coins are made for the purpose of investing in precious metals. They are mass produced to keep the price as close to spot as possible. As a result, the finish on many bullion coins issued worldwide is uniform with no distinctively polished or frosted areas.

The Perth Mint takes a different approach. Our bullion coins feature a frosted table and a shiny design (the opposite way round to proof issues). The quality of each strike means that our bullion coins are sometimes referred to as reverse proofs. Indeed, we would claim they have the best quality bullion finish in the world.

A Perth Mint specimen coin is a limited collectable release.

Akin to a bullion coin in so far as it has a frosted table, it also features one or more special numismatic treatments including a coloured design, gilded design or a gemstone insert.

Specimen is also the classification we use for standard bullion coins released in limited presentation packaging for collectors.

More Gilded Dragons Available Online

Popular Release Back In Stock

Were pleased to announce the re-stocking of our website with the 2012 Gilded Dragon.

Made from 1oz of 99.9% pure silver in specimen quality, the popular release depicts a dragon gilded in 24-carat gold. No more than 50,000 of these coins will be released.

For further information or to place an order while current stocks last, click here.

2012 Perth ANDA Coin Show Special

Also now available on the website is our 2012 Perth ANDA Celebrate Australia Coin Show Special.

The coins coloured reverse symbolises Western Australias world heritage-listed Shark Bay with a dugong and seagrass in turquoise, sun-warmed waters.

Struck from 1oz of 99.9% pure silver in proof quality, only 2,500 will be released.

by: Perth Mint
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