Perth Mint Silver Bullion Sales Mixed in First Half of 2022

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Bullion demand slowed in June for Australian gold and silver products produced and sold by The Perth Mint of Australia. In the longer haul, the Mint’s sales split in the first half 2022 compared to the first half of last year, with silver sales solidly higher and gold sales distinctly lower.

2022 Australian Dusky Dolphin 1oz Silver Bullion Coins - Obverse and Reverse
This CoinNews photo shows a pair of 2022 Australian Dusky Dolphin 1oz Silver Bullion Coins (obverse and reverse sides)

The Perth Mint’s June bullion gains measured against a third month of falling precious metals with LBMA prices slipping 1.2% for gold dropping 6.2% for silver. Both metals also logged declines through the first half of the year — slightly for gold at 0.2% and severely for silver at 11.6%.

Bullion Sales in June and First Half of 2022

June sales of the Mint’s gold coins and gold bars combined to 65,281 ounces, registering declines of 33.7% from May and 10.5% from June 2021.

"We are Australia’s largest exporter to Germany where there’s been a significant slow-down in demand for Australian gold bullion coins. The market there has clearly taken a breather, and this is inevitably reflected in our latest sales figures," said General Manager Minted Products, Neil Vance.

Gold sales through the first half of 2022 at 506,094 ounces are 15.1% lower than the 596,372 ounces sold through the first half of 2021.

Perth Mint sales in June of minted silver coins and silver bars combined to 1,523,765, marking declines of 31.3% from May and 16.4% from June 2021.

"Meanwhile, interest in Perth Mint silver products remained high even though these figures show a drop in the number of ounces sold. This is primarily because two large orders shipped during the month have fallen into July’s accounting period," Vance said.

Silver sales through the first half of 2022 at 11,529,960 ounces are 16.3% higher than the 9,915,637 ounces sold during through the first half of last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from June 2021 to June 2022. 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
June 2022 1,523,765 65,281
May 2022 2,217,582 98,515
April 2022 2,119,491 80,941
March 2022 1,649,634 121,997
February 2022 1,632,323 72,651
January 2022 2,387,165 66,709
December 2021 1,733,293 54,861
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

 

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Antonio

Is silver running out? It doesn’t look like it. Gold neither. My hope is the U.S. Mint changes it’s mind about the 2022 S Morgan and Peace Proof dollars. Time will tell.

East Coast Guru

At least we can now sign up for the Morgan and Peace enrollments

Antonio

Thank God for small blessings.

SENZA

First-On-Thread Antonio,

You are the proud recipient of the Ventris Gibson Walk of Shame Award – cherish it forever – she can run but she can’t hide

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SENZA

As long as there are fools (Us) willing to pay over $70 for an ounce of worthless Silver the the US Mint and other shysters will be there to sell it to us with no shortages

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SENZA

Today, US Mint Enrollments have opened up for 2 ASE products

SENZA

In another monumental screw-up by Ventris Gibson and the US Mint – US Mint thousands of US Mint customers are not able to view or modify their US Mint Enrollments.

This is just the latest incident in US Government gone bad as we are experiencing the major incidents with more and more frequency

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SENZA

Ventris, needs to take a walk

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Rich

SENZA, they are doing the Perp Walk at the Denver Mint. As Coin World reports, “Error coinage reported stolen at Denver Mint” (July 7, 2022): An employee of the Denver Mint is alleged to have stolen at least 185 error coins from the facility. The Denver Mint employee received a 14-day suspension, after the OIG’s office provided the Mint with information gained from its probe into the theft. Criminal prosecution of the employee was presented to and declined by the United States Attorney’s Office for the District of Colorado in Denver.

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SENZA

NGC paid everyone off and those 185 error coins were probably just one day worth. America is in a Civil War right now – the US Government has one standard for them (Untouchables) and another standard for us (Fleece the Hell out of them) I wonder if he got a bonus for turning himself in 14 days off work too I love those benefits.

I wonder if US Mint employees all carry full automatic weapons like the Energy Department and the IRS – can’t have anyone standing in the way of them fleecing us

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SENZA

By the way, Merry Christmas In July enjoy the Holiday with

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Rich

Thanks SENZA for pointing these things out.
When a wise man points at the moon, an idiot looks at his finger.

SENZA

My comments are just that- comments; not advice or instructions – please do not try this at home unless you have followed my instructions and advice very carefully

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SENZA

While your waiting in line please fill out your own name card – I have provided mine as a sample – thank you

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Antonio

To quote Rich

comment image

SENZA

If your Heading out this weekend keep your hands on the wheel and your eyes on the prize Antonio https://www.youtube.com/watch?v=nuh4_uWI1x4

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Antonio

Thanks. I did and for 2023, I’ll be officially broke.

SENZA

Your not alone Rock Hard and Ride Free Bro https://www.youtube.com/watch?v=P-c62u8dh18

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SENZA
SENZA

My old computer won’t play your video but the image certainly made me smile for at least the length of a video

I still can’t access enrollments on my US Mint account but was able to get confirmation via email for the Morgans and Peace dollars – that’s better than nothing but it’s still typical US Mint

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SENZA

No problem – this video will take your mind off that little misfire – let’s go Fishing https://www.youtube.com/watch?v=EknBUpJWQhw

Antonio

One in the hand is worth two in the bush.

Antonio

Ouch! Smokin’!

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SENZA

At the time of this post every Purple Heart product is available for pre-order and showing a shipping date of 07-13-14-2022

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Last edited 1 month ago by SENZA
Rich

However, if you click on “pre-order” for the coins the items ordered in your cart say expected shipping date is October 10, 2022. It is almost as if you are placing a back order rather than a pre-order. According to the Mint, “When products are in “Back Order” status, this means that the product is available for sale, however there is no inventory in stock and a future ship date is displayed on our website; “Currently Unavailable” products have no remaining inventory in our warehouse and no additional production is scheduled. Additional inventory may be produced or become available.” So… Read more »

SENZA

I think this is fresh new data this one even says its in stock and shipping now when I bought it

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Last edited 1 month ago by SENZA
Major D

Interested to know, was your card actually charged yet?

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SENZA

Yes, my order was processed like any “in stock” product purchase but there are still a million ways the Mint can screw this up

Last edited 1 month ago by SENZA
Major D

Rich, I pre-ordered the NPH uncirculated half back on March 4th, along with the uncirculated dollar and proof half, and there has been no activity on my card to suggest anything has been processed and mailed. I’m thinking there must be a supply-chain or quality control issue going on. The last sales number for the proof half was 19,416 on July 3, and the initial available quantity was showing close to 30,000–but now it is Not Available. So, once again it just doesn’t compute.

Last edited 1 month ago by Major D
SENZA

I think we can all agree that this doesn’t compute

I didn’t make the post to say anyone was right or wrong but to let those who have been waiting (like I have) to know they might have a chance to grab this now before the Mint changes it to some other ridiculous status

It’s obvious the US Mint is completely mismanaged and totally out of control

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Last edited 1 month ago by SENZA
Rich

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SENZA

.

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