Annual Perth Mint Gold and Silver Bullion Sales in 2014

by CoinNews.net on January 7, 2015 · 0 comments

2014 Australian Kangaroo 1oz Gold Bullion Coin

Australian gold bullion sales retreated in December and in 2014

Demand for Australian bullion products slumped in December and in 2014, new sales figures from the Perth Mint of Australia show. Gold sales dropped to a four-month low while silver sales slipped to an eight-month low.

Australian bullion sales were registered in a backdrop of falling precious metals prices with gold down 1.5% in 2014. Silver booked a heavier annual loss of 19.5%.

Bullion Sales in December and in 2014

December sales of Perth Mint gold coins and gold bars advanced 40,211 ounces, the lowest since August and down 19.4% from the 49,904 ounces in November. Annual sales reached 516,709 ounces for a 31.5% decline from 2013 when sales hit 754,636 ounces.

Perth Mint sales of silver coins totaled 477,731 ounces last month, the weakest amount since April and off 43.9% from the 807,246 ounces in November. Annual sales at 7,567,467 ounces dropped 12.5% from sales of 8,647,862 ounces in 2013.

Perth Mint Gold and Silver Sales by Month

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

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
December 2014 477,731 40,211
November 2014 851,836 49,904
October 2014 655,881 55,350
September 2014 756,839 68,781
August 2014 818,856 36,369
July 2014 577,988 25,103
June 2014 586,358 39,405
May 2014 630,349 36,127
April 2014 361,988 23,461
March 2014 545,165 30,177
February 2014 392,088 47,003
January 2014 912,388 64,818
December 2013 845,941 58,944

 

US Mint Bullion Sales

U.S. Mint gold sales also tumbled in 2014 with the agency’s main American Gold Eagle products at 524,500 ounces for the year for a 38.8% drop from sales of 856,500 ounces in 2013.

The United States Mint had better luck with its silver coins as its core American Silver Eagles notched a new annual record of 44,006,000 compared to the previous record set in 2013 of 42,676,000.

U.S. Mint bullion sales for 2014 also included 16,900 ounces in American Eagle platinum coins; 177,500 ounces in American Buffalo gold coins; and 676,500 ounces in America the Beautiful Five Ounce Silver Bullion Coins.

{ 0 comments… add one now }

Leave a Comment