Perth Mint bullion shop no longer accepting cash?

Discussion in 'General Precious Metals Discussion' started by GoldenEgg, Jul 22, 2021 at 12:59 AM.

  1. GoldenEgg

    GoldenEgg Member

    Joined:
    Mar 10, 2012
    Messages:
    242
    Likes Received:
    16
    Trophy Points:
    18
    First I have heard of this and must be a brand new policy.Seems they no longer accept cash at the Perth Mint.COVID-19 seems a weak excuse considering it's been ongoing for 2 years.Personally I had always made my purchases with cash there but will probably just go to ABC in future.
    [​IMG]
     
  2. Millennial Engineer

    Millennial Engineer Well-Known Member

    Joined:
    Apr 19, 2020
    Messages:
    347
    Likes Received:
    304
    Trophy Points:
    63
    Nice work tracking down the 4 Chan post.
    I guess people in Perth still has the free market (They can use cash at a premium price and buy bullion/coins at ABC Bullion, Swan Bullion in Maddington).
    It's Disappointing. To see. Now I can see when Corona came about that why the government where prepared to lick their wounds and sweep the 10,000 dollar cash ban under the carpet and make it appear like it never happened.
    As I guess their back up play to push centralised totally digital currency was for vendors can ban cash at their point of sale. Either on their own account through fear of spreading the virus (So many never went back after Corona was a nothing burger) or that the virus gave them a free kick to change their polocy on cash to appear "progressive" without too much negative feedback.
    I have been asked for my phone number when buying limited mintage coins in person, ie 2021 Silver Swan within nearly a half of a year. That's a big slippery slope. This whole Covid 19 has shown that the Slippery slope Fallacy. Now asking for ID for a roll of Roos value about $1000 where $5000 is the threshold the Perth mint would need to ask for.
     
    spannermonkey and markcoinoz like this.
  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,683
    Likes Received:
    1,647
    Trophy Points:
    113
    Location:
    here there everywhere
    I don't spend my $ anywhere where they only take card .
    Some servos in Melbourne have signs on the pumps saying card only.
    And I pay cash , waiting for the moment when they don't take cash and I don't have funds in my account ever.
     
    slavaja, dragafem, ozcopper and 3 others like this.
  4. nutshell

    nutshell Active Member

    Joined:
    Aug 21, 2016
    Messages:
    259
    Likes Received:
    122
    Trophy Points:
    43
    What Perth Mint needs is a Perth Mint phone ap for purchasing PM. Then Perth Mint and everyone else who wants to know will know everything they need to know and probably more without having to ask the buyer anything except if they want a bag.

    Never been there ... do they even have bags?
     
  5. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,354
    Likes Received:
    6,115
    Trophy Points:
    113
    Location:
    House Corrino
    I though that any business is obliged to accept Australian legal tender?
     
    66rounds likes this.
  6. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

    Joined:
    Mar 25, 2020
    Messages:
    418
    Likes Received:
    651
    Trophy Points:
    93
    Location:
    Melbourne
    It seems that any business is free to do whatever they choose.

    We had some Woolies stores here in Victoria that banned cash payments last year, but public backlash and buyer boycotts
    soon made them change their minds.

    That's the only way to make the bastards change their ways.

    Whinging about it on here won't do it, but stopping doing business with them might if enough people give them the middle finger and buy their precious metals elsewhere.
     
    Last edited: Jul 22, 2021 at 3:52 AM
    dragafem, GoldenEye and spannermonkey like this.
  7. DavidW

    DavidW Member

    Joined:
    Oct 12, 2019
    Messages:
    46
    Likes Received:
    42
    Trophy Points:
    18
    Location:
    Bouvet Island
    Lost me as a customer I’m afraid
     
  8. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    11,236
    Likes Received:
    3,197
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    legal tender can pay off debts, this is new business transactions so they can say paywave only :)
     
    Shaddam IV likes this.
  9. GoldenEgg

    GoldenEgg Member

    Joined:
    Mar 10, 2012
    Messages:
    242
    Likes Received:
    16
    Trophy Points:
    18
    Maybe they want customers shopping at ABC and elsewhere to take the heat off them? Maybe they really are short on PMs, who knows.
    Is it worthwhile phoning up and complaining? Maybe i will just to see what they say.

    Paywave is only up to $200, anything more than that you have to press your bank key into a grubby eftpos terminal.How is that substantially more hygenic than paying cash? The tellers have gloves on most of the time anyway because they're dealing with mint coins ffs.
     
    Last edited: Jul 22, 2021 at 5:23 AM
  10. Millennial Engineer

    Millennial Engineer Well-Known Member

    Joined:
    Apr 19, 2020
    Messages:
    347
    Likes Received:
    304
    Trophy Points:
    63
    Yeah that could be feasable, I haven't seen them release another 1 oz coin since the 2021 1oz dragon since 2 months ago. I like that.


    Perhaps its a "forecasting signal" the arrival of delta variant in Western Australia being a state corporation as well.


    occam's razor, in my opinion is that would be that the Perth mint is towing the globalist/federal government line for digital currency and the elimination of cash.
     
    GoldenEgg and dollars like this.
  11. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    11,236
    Likes Received:
    3,197
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    is there PayNow over there ?, can pay up to 200k a click on mobile app
    input UEN and reference
    instant PayNow
     

Share This Page