Perth Mint Gold and Silver Bullion Sales Rally in May

2014 Australian Saltwater Crocodile Silver Bullion Coins and Tube
In April, the Perth Mint introduced the 2014 Australian Saltwater Crocodile 1 Oz Silver Bullion Coin

Sales of Australian bullion gold and silver advanced last month but were mixed compared to a year ago, new figures from the Perth Mint of Australia show. The increases came even as London bullion fixings marked May losses of 2.9% for gold and 1.5% for silver.

May sales of the Perth’s Australian gold coins and gold bars tallied to 36,127 ounces, which is up 54% from April but down 59.2% from May 2013. Sales of the Perth’s Australian silver coins and silver bars jumped to 630,349 ounces, surging 74.1% from the previous month and gaining 5.7% from a year ago. Conversely, demand in April for Perth Mint gold and silver bullion products dropped sharply from the previous month and from April 2013.

Perth Mint Gold and Silver Bullion Sales by Month

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

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
May 2014 630,349 36,127
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


2014 Australian Saltwater Crocodile Silver Bullion Coins

In related news and supporting silver sales, the Perth Mint in early May released its one ounce, 99.9% fine 2014 Australian Saltwater Crocodile Silver Bullion Coin. Late last week the Mint said it received committed orders for all 1 million of them and that, as a result, they were "no longer available for sale to wholesale or retails customers."

U.S. Mint Bullion Sales in May

In other world mint bullion coin news, the United States Mint reported mixed May results with stronger sales of its silver coins but weaker sales of its gold coins.

U.S. Mint sales of bullion American Gold Eagles reached 35,500 ounces in May, down 7.8% from April and off 49.3% from a year ago. The bureau also sold 12,500 ounces in American Buffalo gold coins, which was the same amount as a year ago but 28.6% slower than the previous month.

Finally, U.S. Mint sales of bullion American Silver Eagles totaled 3,988,500 in May, which is 11.8% more than April and 15.3% higher than last year May. The bureau also sold 23,100 in 2014 America the Beautiful Five Ounce Silver Bullion Coins compared to 10,600 in the previous month.

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