Perth Mint Bullion Sales Slow in February, Demand for Silver Solid

by CoinNews.net on March 27, 2018 · 5 comments

2018 Australian Kookaburra Year of the Dog Privy Mark 1oz Silver Bullion Coin

CoinNews photo of a 2018 Australian Kookaburra Year of the Dog Privy Mark 1oz Silver Bullion Coin. The Perth Mint released the unique coin last month.

Demand for Australian bullion products slowed in February from the previous month but grew from a year earlier, according to the latest figures from The Perth Mint of Australia. The Mint’s silver bullion sales, while lower, were solid.

Gains registered against falling precious metals with LBMA prices in February down 2% for gold and 4.6% for silver.

Bullion Sales in February 2018

The Perth Mint’s sales of gold coins and gold bars accumulated to 26,473 ounces in February, slipping 28.8% from January but 4.8% higher than the same month a year earlier.

Year to date gold sales at 63,647 ounces are 35.1% lower than the 98,002 ounces delivered in the first two months of last year.

February sales of silver coins and silver bars totaled 992,954 ounces, growing 97.7% from February 2017 but sliding 7% from January when demand hit a six-month high. Last month’s total was the fourth highest in the last 12 months and the second highest since July.

Perth Mint silver sales tally to 2,060,315 ounces for the year so far, up 18.9% from last year’s starting two-month total of 1,733,220 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from February 2017 to February 2018. 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
February 2018 992,954 26,473
January 2018 1,067,361 37,174
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

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5 Comments on "Perth Mint Bullion Sales Slow in February, Demand for Silver Solid"

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Mouse
Guest

I will always be a fan and purchaser of Perth mint products. Amazing bullion products, but the world mints bullion selection is a tough market. So much choice.

Mouse

Old+Collector
Guest
Old+Collector

Mouse,

Just out of curiosity, have you ever made any purchases from the Royal Australian Mint in Canberra? Just wondering.

Old Collector

Mouse
Guest

I have never purchased from the Royal Australian mint, only the Perth. The Perth proof as well as bullion products are of very high quality. I have ordered directly from the Perth and have only good things to say – great customer service, fast international shipping. You can also set up an account to purchase Perth bullion directly from the mint. Great service. I will tour both mints someday.

Mouse

Old+Collector
Guest
Old+Collector

Mouse – Thank you.

Old Collector

Mouse
Guest

Not a problem. The Royal Australian mint released a 2018 1oz gold – map of the world proof coin – graded 70 has blown up in value. Beautiful design, not for me, but a beauty none the less. They do some fine gold minting.

mouse