Sales of Australian bullion coins and bars eased in April compared to the previous month but surged over the levels posted a year earlier, data from the Perth Mint shows. Also, and notably, silver sales scored their eight consecutive months above 1 million ounces.
Perth Mint bullion sales registered against a backdrop of soaring precious metals. London fixings in April scored gains with gold 3.9% higher and silver up 16.1%
Bullion Sales in April 2016
The Perth Mint in April sold 47,542 ounces in gold coins and gold bars, which is 0.9% lower than the previous month but 79.1% higher than a year earlier.
For the year to date, gold sales total 180,312 ounces for an increase of 55.5% over the 115,960 ounces delivered in the first four months of last year.
Perth Mint sales of silver bullion advanced in April by 1,161,766 ounces, down 33.9% from March but 146% higher than the 472,273 ounces sold in April 2015. Keep in mind that the over 1.7 million tally from the previous month (March) was exceptional, ranking as the second highest month on record since CoinNews started tracking the Mint’s data in February 2013.
In the January to April period, the Mint’s silver sales reached 5,440,474 ounces for an advance of 160.5% over last year’s starting four-month total of 2,088,897 ounces.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from April 2015 to April 2016.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| April 2016 | 1,161,766 | 47,542 |
| March 2016 | 1,756,238 | 47,948 |
| February 2016 | 1,049,062 | 37,063 |
| January 2016 | 1,473,408 | 47,759 |
| December 2015 | 1,083,460 | 40,096 |
| November 2015 | 1,145,239 | 31,664 |
| October 2015 | 1,751,898 | 66,951 |
| September 2015 | 3,349,557 | 63,791 |
| August 2015 | 707,656 | 33,390 |
| July 2015 | 746,700 | 51,088 |
| June 2015 | 384,586 | 31,019 |
| May 2015 | 337,511 | 21,671 |
| April 2015 | 472,273 | 26,545 |
In related news, the Perth Mint said it sold all of its bullion 2016 Lion and Monkey Privy Mark Coins.
Maples and a few other bullion coins have less of a premium and is no doubt affecting sales.of the Kangaroos.
Barry-
So true! The bullion dealers in USA are asking a larger premium for the kangaroos than almost any other bullion silver coin. I like the design as a collector & silver stacker & wish they would make a Proof version.
-NumisDudeTX