Perth Mint Gold and Silver Bullion Sales Slow in 2017

by on January 30, 2018 · 2 comments

Australian 2018 Year of the Dog 1oz Silver Bullion Coin - Reverse

CoinNews photo of a Australian 2018 Year of the Dog 1oz Silver Bullion Coin.

Australian bullion sales ended stronger in December than in November but dropped sharply in 2017 compared to recent years, according to the latest round of figures from The Perth Mint of Australia.

The Perth Mint was not alone in logging weaker sales last year. Other world mints, like the U.S. Mint, also saw lower sales despite gains in precious metals.

Perth Mint Gold Bullion Sales

December sales of Mint’s gold coins and gold bars at 27,009 ounces grew 13% from November but sank 57.4% from the same month a year earlier.

Annual 2017 gold sales reached 365,410 ounces, registering declines of:

  • 29.8% from the 520,295 ounces sold in 2016,
  • 19.8% from the 455,630 ounces moved in 2015, and
  • 29.3% from the 516,709 ounces delivered in 2014.

January was the Mint’s biggest month in 2017 for gold bullion with 72,745 ounces sold. The monthly haul was the third largest since CoinNews started tracking the Mint’s data in February 2013.

Perth Mint Silver Bullion Sales

The Perth Mint sold 874,437 ounces of silver bullion in December — its best month since July, marking gains of 60.6% from November and 103.4% from December 2016.

Annual 2017 silver sales reached 9,636,408 ounces, logging declines of 21.3% from the 12,236,766 sold in 2016 and 16.9% from the 11,595,504 ounces moved in 2015. They did surpass the 7,567,467 ounces sold in 2014 by 27.3%.

January at 1,230,867 ounces was also the Mint’s strongest month in 2017 for silver bullion, and the fifth highest since CoinNews started tracking the data.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from December 2016 to December 2017. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

Perth Mint Bullion Sales (in troy ounces)
  Silver Gold
December 2017 874,437 27,009
November 2017 544,436 23,901
October 2017 999,425 44,618
September 2017 697,849 46,415
August 2017 392,091 23,130
July 2017 1,167,963 23,675
June 2017 1,215,071 19,259
May 2017 826,656 29,679
April 2017 468,977 10,490
March 2017 716,283 22,232
February 2017 502,353 25,257
January 2017 1,230,867 72,745
December 2016 430,009 63,420

{ 2 comments… read them below or add one }

Mouse January 30, 2018 at 9:28 pm

I am and always will be a fan and purchaser of Perth products. Amazing craftsmanship and quality. I think like many, are branching out and purchasing internationally. Tons of competition and selection out there. Great time to stack precious metals and to be a numismatist.


Old Collector February 24, 2018 at 12:49 pm

I haven’t been able to figure out whether ot not the Perth Mint is in fact an official Australian government entity or instead is a private minting facility. If you could you please provide me with some enlightenment in that regard it would be much appreciated. 🙂

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