Perth Mint October Silver Bullion Sales Rank Third Highest


Demand for Australian bullion products was mixed in October, according to the latest round of Perth Mint sales data, soaring for silver coins and silver bars while slowing for gold coins and gold bars.

2020 Australian Kangaroo 1oz Silver Bullion Coin
A CoinNews photo of a 2020 Australian Kangaroo 1oz Silver Bullion Coin (obverse).

Perth Mint silver bullion sales climbed for a fourth straight month, registered above 1 million ounces for a third month in a row and, more remarkably, scored their third highest monthly total since CoinNews started tracking the Mint’s data in February 2013.

The Mint’s sales occurred against a backdrop of advancing precious metals with LBMA prices in October rising 1.7% for gold and 4.6% for silver.

Bullion Sales in October 2019 and YTD

The Perth Mint sold 32,469 ounces in gold coins and gold bars last month, marking declines of 30.7% from September and 11.9% from October 2018.

Year-to-date gold sales at 256,290 ounces are 16.9% lower than the 308,555 sold through the first ten months of last year.

In contrast, October sales of the Mint’s silver coins and silver bars at 1,394,615 ounces posted gains of 3.3% from September and 29.2% from October 2018. In looking back through the Mint’s sales since 2013, the monthly haul ranks only behind March 2016 sales of 1,756,238 ounces and September 2015 sales of 3,349,557 ounces.

Perth Mint silver sales for the year at 9,184,184 ounces are 19.7% higher than the 7,673,641 ounces sold in the same months of 2018.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from October 2018 to October 2019. 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
October 2019 1,394,615 32,469
September 2019 1,350,038 46,837
August 2019 1,171,233 21,766
July 2019 987,040 21,518
June 2019 344,474 19,449
May 2019 681,582 10,790
April 2019 906,219 19,991
March 2019 935,819 32,757
February 2019 584,310 19,524
January 2019 828,854 31,189
December 2018 692,971 29,186
November 2018 876,446 64,308
October 2018 1,079,684 36,840
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