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.
