Perth Mint September Silver Bullion Sales Soar to Second Best

2022 Australian Kookaburra 1oz Silver Bullion Coins - Obverse and Reverse
A CoinNews photo showing both sides of 2022 Australian Kookaburra 1oz Silver Bullion Coins. Production of coins increased around 20% in September, The Perth Mint noted.

Australian bullion sales in September strengthened for a third straight month for minted gold coins and bars and rallied to the second highest monthly level on record for minted silver coins and bars, according to the latest figures from The Perth Mint of Australia.

The Mint’s bullion gains measured against divided previous metals prices with gold falling for the six straight month and silver snapping a streak of five monthly losses. In LBMA pricing, gold lost 2.6% while silver soared 6%.

Perth Mint Gold Bullion Sales in September 2022

September sales of the Mint’s gold coins and gold bars reached 88,554 ounces — the most since May, registering an increase of 4.2% from August but a drop of 10.3% from September 2021.

Year-to-date gold sales at 758,929 ounces are 7.4% lower than the 819,759 ounces sold during the leading nine months of last year.

Perth Mint Silver Bullion Sales in September 2022

Perth Mint September sales of minted silver coins and silver bars rallied to 2,579,941 ounces, posting increases of 55.9% from August and 44.1% from September 2021.

"Improved output from the factory saw production of Australian Kangaroo 1oz silver coins up around 20% on the previous month, with other silver coins also seeing a significant jump in production," said General Manager Minted Products, Neil Vance.

The Mint’s only better month for silver was September 2015 at 3,349,557 ounces.

This year has been spectacular for the Mint’s silver products with several exceptional sales months — in addition to September. Ranking third, fourth and fifth highest all-time in silver sales for the Mint are July 2022 at 2,465,513 ounces, January 2022 at 2,387,165 ounces, and May 2022 at 2,217,582 ounces.

Perth Mint silver sales for the year so far at 18,230,748 ounces are 25.9% higher than the 14,475,515 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 September 2021 to September 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
September 2022 2,579,941 88,554
August 2022 1,655,334 84,976
July 2022 2,465,513 79,305
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


Notify of

Inline Feedbacks
View all comments

Ah, those hidden in a vault Morgan CC dollars.


Well, I bought ONE of those coins. The Morgan CC from ’83. It’s a fine looking coin. I compare the 2021 Morgan dollars with it and prefer the originals.