Perth Mint Gold and Silver Bullion Sales Decline in April

Great White Shark Silver Bullion Coin
In April, the Perth Mint introduced the 2014 Great White Shark 1/2 Oz Silver Bullion Coin

Perth Mint sales of bullion gold and silver fell sharply last month and from a year ago, newly released figures from the Mint show. These declines followed London bullion fixings with April losses of 0.3% for gold and 3.5% for silver.

April sales of the Perth’s Australian gold coins and gold bars reached 23,461 ounces, down 22.3% from March and off 79.2% from the same time last year. Sales of the Perth’s Australian silver coins and silver bars totaled 361,988 ounces, dropping 33.6% from the previous month and falling 67.49% from April 2013.

In March, Perth Mint silver bullion sales soared while its gold bullion sales retreated, moving in the same direction as United States Mint coin sales. Last month the two world mints changed it up a bit. U.S. Mint sales of bullion American Gold Eagles summed to 38,500 ounces, surging 83.3% from March but plunging 81.6% for a year ago. The U.S. Mint in April also sold 17,500 ounces in American Buffalo gold coins, up 45.8% from March yet off 52.7% from the same time last year. U.S. Mint sales of bullion American Silver Eagles totaled 4,590,500 ounces in April, falling 14.3% from March but climbing 12.3% from a year ago.

Perth Mint Gold and Silver Bullion Sales by Month

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

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
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
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


Great White Shark Silver Bullion Coin

Also in April, the Perth Mint released its one-half ounce Great White Shark Silver Bullion Coin. For more information about the coin struck from 99.9% silver at a maximum mintage of 300,000, read this article from the Perth Mint.

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