Perth Mint Gold and Silver Bullion Sales Mixed in February

by CoinNews.net on March 6, 2014 · 0 comments

Australian Kookaburra and Year of the Horse 10 oz Silver Bullion Coins

This month the Perth Mint announced that its 10 oz Australian Kookaburra and 10 oz Year of the Horse silver bullion coins were back in stock

Perth Mint gold and silver bullion sales declined in February from the previous month but split when compared to sales from the same period last year.

Sales of Perth Mint gold coins and gold bars totaled 47,003 ounces in February, falling 27.5% from January’s total of 64,818 ounces but rising 5.9% from the 44,399 ounces sold during the same month last year.

Sales of Perth Mint silver coins and silver bars reached 392,088 ounces in February, dropping 57% from January’s total of 912,388 ounces and declining 9.1% from the 431,237 ounces sold in February of last year.

Gold futures last month scored a second straight monthly increase, gaining 6.6%. Silver futures soared 11.1%, snapping a streak of three straight monthly losses.

Perth Mint Bullion Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from February 2013 to February 2014.

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
February 2014 392,088 47,003
January 2014 912,388 64,818
December 2013 845,941 58,944
November 2013 807,246 52,700
October 2013 821,580 77,255
September 2013 961,977 68,488
August 2013 691,259 30,430
July 2013 697,247 56,488
June 2013 593,535 47,692
May 2013 596,458 88,638
April 2013 1,113,461 112,575
March 2013 408,179 50,356
February 2013 431,237 44,399

 

Perth Mint 10 Oz Bullion Coins Return

In related coin news, earlier this week the Perth Mint announced that it brought back its 10 oz 2014 Year of the Horse Silver Bullion Coins and 10 oz 2014 Australian Kookaburra Silver Bullion Coins.

"These products were previously suspended due to a surge of demand for our large silver bullion coins, which resulted in refocusing production to satisfy our customers as effectively as possible," noted the Perth Mint.

The Mint said its 10 oz 2014 Australian Koala Silver Bullion Coins remained "suspended until further notice."

US Mint Bullion Sales

U.S. Mint bullion sales in February also declined overall from the previous month, which is typical in America as newly dated issues launch in January and attract larger buying. However, its bullion sales performed opposite of the Perth’s on a year-over-year basis — gold coin sales retreated while silver coin sales outperformed. The U.S. Mint does not sell bullion bars in gold or silver.

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