Perth Mint Gold and Silver Bullion Sales Rally in November

A CoinNews photo of a 2022 Australian Kookaburra 1oz Silver Bullion Coin (reverse side shown)
A CoinNews photo of a 2022 Australian Kookaburra 1oz Silver Bullion Coin (reverse side shown)

Sales of Australian bullion surged in November for both gold and silver, figures from The Perth Mint of Australia show. Demand was particularly strong for the Mint’s minted gold products, with sales the highest since March.

Mint sales registered against divided precious metals with LBMA prices in November rising 2% for gold but dropping 4.8% for silver.

Bullion Sales in November 2021

Perth Mint November sales of gold coins and gold bars combined to 115,872 ounces, marking gains of 93.9% from October and 37.7% from November 2020.

"Two factors underscored rising gold coin sales. A general pick-up in the appetite for physical gold coincided with the release of The Perth Mint’s 2022-dated Australian Kangaroo series. The response from our global distribution network was outstanding with demand particularly strong for 1oz, 1/2oz, 1/4oz and 1/10oz denominations," said General Manager Minted Products, Neil Vance

Year-to-date gold sales at 994,651 ounces are 41.7% higher than the 701,991 ounces sold during the same time last year.

Perth Mint November sales of silver coins and silver bars totaled 1,530,598 ounces, registering gains of 13.2% from October and 36.8% from November 2020.

"It was another great month for silver with our factory producing as much as possible to meet demand," Vance added.

The Mint’s silver sales for the year so far at 17,358,388 ounces are 11.9% higher than the 15,510,723 ounces sold during the same period last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from November 2020 to November 2021. 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
November 2021 1,530,598 115,872
October 2021 1,352,275 59,750
September 2021 1,789,926 98,753
August 2021 1,467,229 53,976
July 2021 1,302,723 70,658
June 2021 1,823,029 72,910
May 2021 1,700,807 91,146
April 2021 1,798,210 101,379
March 2021* 1,600,000 130,000
February 2021 1,830,707 124,104
January 2021 1,162,884 76,103
December 2020 941,767 76,806
November 2020 1,119,296 84,158

*Perth Mint published approximated sales data for March. Specifically, the Mint stated that during March it shipped "more than 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver."

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Chris Terp

U.S. Mint has sent out questionnaires in the past inquiring about selling bullion direct to consumer. I have always answered yes.

I believe the Royal Mint in UK also sells bullion direct to consumer.