Perth Mint Reports Sizable Rise in March Bullion Sales


March sales of Australian bullion sharply increased from the prior month for both gold and silver products, according to figures from The Perth Mint of Australia. Both were well lower, however, in the first quarter compared to the same period last year.

2023 Australian Koala 1oz Silver Bullion Coins - Obverse and Reverse
This CoinNews photo shows a pair of 2023 Australian Koala 1oz Silver Bullion Coins – Obverse and Reverse

The Mint’s bullion sales were set against soaring precious metals in March, with LBMA prices (USD) jumping 8.5% for gold and skyrocketing by 16.4% for silver. The first-quarter results were mixed, with precious metals prices increasing by 9.2% for gold while, silver prices slid by 0.3%.

Perth Mint Gold Bullion Sales in March and First Quarter 2023

Perth Mint’s March sales of minted gold coins and bars combined totaled 80,541 ounces, the most since November. This represents an increase of 54.2% from the prior month, but a 34% decrease from March of last year.

"North American distributors reacted swiftly to developments in the banking sector, increasing the overall level of orders for both gold and silver minted products," said Neil Vance, General Manager Minted Products. "The local market also reflected the safe haven appeal of precious metals with a sharp uptake from our Australian clients."

The Perth Mint’s gold sales for the quarter were 197,177 ounces, which is 24.6% lower than the 261,357 ounces sold during the same period last year.

Perth Mint Silver Bullion Sales in March and First Quarter 2023

March sales of the Mint’s silver coins and bars reached 1,823,096 ounces, marking increases of 22.8% from February and 10.5% from March 2022.

First-quarter silver sales of 4,541,376 ounces are 19.9% lower than the 5,669,122 sold during the first quarter of last year.

Monthly Perth Mint Gold and Silver Sales

Below is a monthly summary of Perth Mint bullion sales from March 2022 to March 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
March 2023 1,823,096 80,541
February 2023 1,484,936 52,241
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
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I like getting physical, myself.

Dazed and Coinfused

Actually. His real vault, or a small corner of it, was used in lord of the rings. Smaug was sleeping on his actual coins. If they had drones we may have seen a top down view of it.

Dazed and Coinfused

Sounds to me like the global economy is hitting depression era phase. Banks crumbling. Smaller getting bought out overnight, yet to buy Twitter took months and congressional approval. Activision and Sony and their acquisition battle. But yet banks free to snatch up at discount rate, and if they are wrong and can’t right the ship, the gubmint will bail those banks out. Win win. They care less about money. They can print that whenever they want, it’s power that drives them mad.


D and C,
Don’t be too rough on the banks, after all my holdings in JPM was up nearly $10 a share, and C was up $2.26 a share on FriYEAH! And I don’t want you worrying about me as power and money only makes me “feel good” never mad.


I’ve got several of Perth’s kilo silver Kookaburra coins. I absolutely love accumulating 35.27 ounces of silver in a single coin! Plus the finish of these bullion coins looks as though they are Proof struck. Perth does an outstanding job of minting some of the nicest numismatics you can buy. Smaug, you’re going to have to fight me to get mine and I know your weak spot!


Who pays for anything in cash these days? I suppose a small percentage of people that aren’t credit worthy must, but these people are not important to the collective. I use my CC’s almost entirely which has benefits of not coming into contact with drugs and DNA residue! There’s almost nothing as dirty as paper currency.