Perth Mint Bullion Sales Split in January


January sales of Australian bullion was "solid," according to The Perth Mint of Australia, although divided when compared to December with sales stronger for gold products and weaker for silver products. Both types were down from the same month a year earlier.

2023 Australian Kookaburra 1oz Silver Bullion Coins - Obverse and Reverse
A CoinNews photo showing both sides of 2023 Australian Kookaburra 1oz Silver Bullion Coins

The Mint’s bullion gains set against divided precious metals with LBMA prices (USD) in January jumping 6.2% for gold while dropping 4% for silver.

Bullion Sales in January 2023

Perth Mint January sales of minted gold coins and bars combined to 64,395 ounces, advancing 6.2% from the prior month but sliding 3.5% from January of last year.

General Manager Minted Products, Neil Vance said the latest monthly sales data took account of January’s quieter trading conditions, including what for many Australians is their main summer vacation. "Nevertheless, our sales got off to a solid start, laying the foundation for what will hopefully be a strong second half to the financial year," he said. (The Mint’s 2023 fiscal year started July 1, 2022.)

January sales of the Mint’s silver coins and bars totaled 1,233,344 ounces, logging declines of 24.6% from December and 48.3% from January 2022.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from January 2022 to January 2023. 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
January 2023 1,233,344 64,395
December 2022 1,634,751 60,634
November 2022 1,315,293 114,304
October 2022 1,995,350 183,102
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


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Dazed and Coinfused

My guess is October sales adjusting due to speculation over election results in America. I wonder what the metals sales are on 3rd party sales and how many actually end up in vaults or inside mountains

Dazed and Coinfused

Or. Could coincide with queens death. Or maybe both, or maybe neither. Could also be that celebration in India where they put gold foil on a statue. And it’s gotten huge over the years. Just speculation, like all the other experts. Not sure the surge for March.

Dazed and Coinfused

Just hit me. Ukraine.

Dazed and Coinfused

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Dazed and Coinfused

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