Gold Bullion Sales at The Perth Mint Continued to Climb in October

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

Demand for Australian gold bullion reached a three-month high in October, while demand for Australian silver bullion dipped slightly, according to figures from The Perth Mint of Australia.

The Mint’s bullion sales were influenced by the rising prices of precious metals for the month, with LBMA prices (USD) soaring 6.8% for gold and edging 0.5% higher for silver.

Perth Mint Silver Bullion Sales in October 2023

In October, the Mint reported sales of 1,073,553 ounces for minted silver coins and bars, representing declines of 3.9% from September and 46.2% from October 2022.

Year to date, The Perth Mint has sold 13,542,451 ounces of silver, marking a 33% decrease from the 20,226,098 ounces sold in the same period last year.

Perth Mint Gold Bullion Sales in October 2023

Meanwhile, the Mint’s total sales of gold coins and gold bars amounted to 42,302 ounces, the highest in three months, showing a 15.8% increase compared to September, but a 76.9% drop from October 2022 when the Mint’s gold sales reached a monthly record of 183,102 ounces.

Along with "reasonably strong" demand for sales of silver bullion coins, we "saw stronger sales of gold minted bars in North America. Struck from 99.99% pure gold with The Perth Mint’s LBMA registered mark, our minted gold bars offer investors highly competitive premiums," said Neil Vance, General Manager Minted Products.

Year-to-date gold sales stand at 576,072 ounces, which is 38.9% lower than the 942,031 ounces sold during the same period last year.

Monthly Perth Mint Gold and Silver Bullion Sales Since October 2022

Below is a monthly summary of Perth Mint bullion sales from October 2022 to October 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
October 2023 1,073,553 42,302
September 2023 1,116,779 36,530
August 2023 792,503 34,875
July 2023 863,485 44,009
June 2023 1,326,011 73,124
May 2023 1,881,001 72,889
April 2023 1,947,743 75,166
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
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Antonio

Another with Queen Elizabeth II. Why not King Charles III?

Dazed and Coinfused

Apparently Meghan Markle polling better than Chucky. So post the female ruler. Plus near anniversary of her death, which is well deserved, did you see that crappy funeral they had for her? So cheap, no coverage at all, no pomp and circumstance. Sad really. Nah, it’s all about selling the final coin with her effigy on it. They set records last year, bamboozled everyone to think they are buying over priced final edition. And poof. Here’s the final, til the 5th, 10th 15th 20th 25th 30th 35th 40th 45th 50th anniversaries. That coin will be retired more times than KISS… Read more »

Craig

Do you ever wonder if those folks that bought all of those coins, thinking they have the last ‘precious’ coin with Lissy’s effigy on it, wake up one day and realise they’ve been bamboozled? I own several Ag kilo coins from The Perth Mint and if I need to view her effigy all I need do is look at one of them. Surprisingly, I never need to.

Dazed and Coinfused

I’m no expert, but after all this time in a coffin feeding worms and beetles, wouldn’t the effigy be more skull like. Too far from Halloween? I’m sure they have a good reason. Speaking if skull. Do a he man series coin, I want skeletor

CaliSkier

Dazed and Coinfused, your description brought to mind a fun series you may or may not be familiar with? The “Zombucks”, Currency of the Apocalypse! Provident Metals is now on their World issues and sold out of their US editions. Ironically one currently out or released if you will is the “Kookaburried”, LOL Here is a link. Other one currently out is the “Pandamonium”, a take on the Panda. https://www.providentmetals.com/1-oz-silver-zombucks-world-kookaburied-round.html Also, here are the coins or designs used for the Original series. “Zombucks – the Original Series In the first series of Zombucks Rounds, historic US coin designs were reimagined… Read more »

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Dazed and Coinfused

Doesn’t ring a bell. But a modern GARBAGE pail kids would be awesome.

CaliSkier

Kaiser, kind of hard to believe that, the “Slinky” and Weird Al Yankovich didn’t make the cut/your, on your list? LOL I only noticed, after I examined your post, “Like a Surgeon”, then I began to “Eat it”! Then after “Eating” it all, I ended up “Fat”, so then I was relegated to being an example of, “Another One Rides the Bus”! LOL So now my diet consists of “My Bologna”, which I developed a “Knack” for constructing into a delicious sandwich from another “One Hit Wonder” bread!

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Dazed and Coinfused

But none of that compares to
The day the squirrel went berserk
In the First Self-Righteous Church
In that sleepy little town of Pascagoula (Pascagoula)
It was a fight for survival that broke out in revival
They were jumpin’ pews and shouting “Hallelujah!” (Hallelujah!)

Dazed and Coinfused

Ranks up there with asbestos, lead paint, johnson”s baby talc,mercury hats, laudnum and cocaine as a cure all.

Craig

I wish we’d have commercials about a product like ‘Jail-O’, they’d be more entertaining vs. the lame one’s we have to endure (unless you FF). Of course, the company that produces Jail-O would probably be bankrupt, as we no longer send folks to jail. The meme still gives me a chuckle.

Dazed and Coinfused

Aren’t a few still open displayed in glass like snow white. That barely decomposed

CaliSkier

BTW, a new release from our friends to the North! Canadian Innovation” 2024 ‘Allegory of Peace’ Cast Center Gold-Plated Proof $50 Silver Coin 5oz .9999 Fine Sold out at the RCM and super spendy, at GateWest, $599; limit of 1 per customer. Released today; gone soon, mintage of only, 1,250. GateWest price reflects a premium over original issue price from the RCM for your consideration. ($523.19 USD) Here is a link to the sold out one listed at the RCM: you get the picture with no specs populated at GateWest. https://www.mint.ca/en-us/shopping/archives/2023/pure-silver-coin-allegory-of-peace- PS Insider tip the RCM typically has their new… Read more »

CaliSkier

Yeah Kaiser, all of the above that you wrote and then some! They also “could” be construed as art, unique, eccentric, possibly forward thinking, however much more Innovative than US Mint AI $1’s that don’t circulate, our New Morgan And Peace $1 series or those NIFC Kennedy’s that are sold, more or less as such, yet have been released or ordered for circulation these past 3-4 years. One could even say those Canadian coins are gimmicky in so many ways. However; one must admit that they have pushed the envelope on many, many levels, above that which our much, much… Read more »

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CaliSkier

The above 327 are spread out amongst 25 themes! I did get suckered in by the Superman issues, Aboriginal, Chinese, Wildlife, the “Banknote Series” and they were still putting out their $20 for $20 coin series. Only 1/4 ounce silver coins with a face value of $20. I’m pretty sure I picked them all up, at time of issue, once I got hooked on them. I have 3-5 of each one issued. Anyhow my Dad had picked some stuff up from the RCM in the late 90’s/early 200’s which got me interested in their coins. I’m well versed in what… Read more »

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Dazed and Coinfused

DOJ announces arrests in ‘high-end brothel network’ used by elected officials, military officers and others
Holmes Lybrand, CNN
Wed, November 8, 2023 at 2:20 PM EST

Where is that expert close to the source that speaks under condition of anonymity because they can’t talk about it? Maybe we can get a coin series from the mint to commemorate it. And to think, on this, an election year.

I’ll bet that Lee guy somehow related to Bob E. Whatcha wanna bet? Wait. No description mentioned. Now I might have to rethink the theory.

Dazed and Coinfused

Tensions boil over as Democrats’ Israel divide deepens By Annie Grayer, Melanie Zanona and Manu Raju, CNN Updated 4:01 PM EST, Wed November 8, 2023 Where’s Omar to jump up and down smiling and screaming “some people did some things!”? They are on the same team right. Or maybe Biden’s boy Obama calming the air with his favorite sound, the “Muslim call to prayer.” Would Isreal believe he has their best interest at heart. Biden backing Isreal, so maybe this is the fk it it up he was referring to. Wonder why they didn’t cross aisle to get rid of… Read more »

Last edited 6 months ago by Dazed and Coinfused
Jeff Legan

Having a bad day, Dazed and Coinfused? You sound…….Angry today. Not your usual cheerful self. “Where’s Omar to jump up and down smiling and screaming “some people did some things!”?“—-She must have seen just like we all are today, that you have that part handled all by yourself. “Wonder why they didn’t cross aisle to get rid of Santos.“—-Who are “they”? Republicans? Is that even allowed today in TRINO party? Ah yes. Virginia. That appears to have gone badly for the Republican Governor. I had read that before the vote he hoped to flip the Democrat controlled senate to Republican… Read more »

Dazed and Coinfused

Ah so close to veterans day and you don’t get the reference. Omar said 9 11 was just some people did some things. (And your party cheered, cheered the loss of life and the sacrifice by soldiers, firefighters (cops… your favorite) and their families, but yet applay the same sentiment toward a terrorist group and you go all nuts and pretend to own the moral high ground. I guess good for goose aint good for gander, and equality and equity only applies when dems hold the talking stick. 20 years of war, countless billions (perhaps trillions) 7,000 lives lost fighting… Read more »

Last edited 6 months ago by Dazed and Coinfused
Jeff Legan

Hi Dazed and Coinfused, “(And your party cheered, cheered the loss of life and the sacrifice by soldiers, firefighters (cops… your favorite) and their families, but yet applay the same sentiment toward a terrorist group and you go all nuts and pretend to own the moral high ground.“—-My party, huh? Libertarians have finally taken control? How did I miss that news? “I guess good for goose aint good for gander, and equality and equity only applies when dems hold the talking stick. 20 years of war, countless billions (perhaps trillions) 7,000 lives lost fighting for revenge or closure or whatever… Read more »

Dazed and Coinfused

Reminds me of that black guy that turned white due to daddy issues. Called it vitiligo or lighter I go.

“All I wanna say is that they don’t really care about us”

Jeff Legan

Hi Dazed and Coinfused, I saw the headline, but have not heard any details yet. I prefer to wait until more than one outlet reports on something, it makes it more likely to be at least partially true I believe. So far, I have only seen CNN mention this story. I believe accuracy is more important than being first to report. First things I would like to know is who ran it, for how long, and who the customers are. Do you think the customers will be all Democrats, all Republicans, or a mix? Personally, I think you might want… Read more »

Dazed and Coinfused

Ah yes, state choice wins. I liked the answer Haley gave. It was traditional double speak, but she may not like it, but she accepts their decision. No mention of the Minnesota court shooting down the ineligible rule. Guess the squad will have to import more voters to get the results they are looking for. And what do you mean wait for more information? That is hilarious. So much of the problems are these media outlets posting their suppositions and mass producing it on their sister companies that the lie travels the world several times over before the truth gets… Read more »

Jeff Legan

Hi Dazed and Coinfused, “And what do you mean wait for more information? That is hilarious. So much of the problems are these media outlets posting their suppositions and mass producing it on their sister companies that the lie travels the world several times over before the truth gets buried. Ain’t that the point of liberal media?“—-What, just because they report it before knowing all the facts, you must read and comment on them? Like it is mandatory or something? You can choose to be informed or you can choose to level accusations that later turn out wrong. I prefer… Read more »

Dazed and Coinfused

MJ is Medical in Florida. I believe it got enough signatures to go on the ballot for November. But I wouldn’t hold my breath. Also, CIA FBI or one of the alphabet companies is supposed to be about to reschedule it from class 1 to class 4, which is about the same as cough medicine; an odd comparison as many cough and cold medicines were just pulled after decades of use for not being effective. Only the headline and no secondary report. Could be the single publication os due to it must be printed, but to keep it buried they… Read more »

Jeff Legan

“America is quickly becoming more like European union (remember dems claiming Brexit was a huge win for them).“—-Got to here before I call BS. Show me a source claiming Dems were pro-Brexit. Republicans more likely. Johnson was from the conservative party and was buddy-buddy with Trump. Which party is more likely to praise the EU than condemn it? “Apparently Virginia is more concerned for abortions and virtue signaling than education, infrastructure or whatever else the issues and platform were.“—I would expect you could understand an unexpected child could ruin your finances if you are not wealthy. Craig might not. As… Read more »

Dazed and Coinfused

Didn’t someone once say, “see a hole, and fill it”. Explains the oldest profession. Technically the puritans home was England. But king James, (obvious democrat) wanted his brand of Christianity. So when the voters were disenfranchised by their elected officials and even charged for heresy they fled to Murika. Then big pharma followed them over and took over the world with their herbal tea, and pot and tobacco. Come to think about it, I wonder if the homeless are as weary of blankets as the aztecs, Mayan and Inca should have been. Can you imagine the surprise when China claims… Read more »

Jeff Legan

Again with the Biden stuff I see. You ready to investigate both Trump and Biden at the same time? Let the chips fall where they may. I have no problem saying if either broke the law, either can go to jail. Will this investigation into Biden be as spectacular as all the investigations into the Clintons? That Benghazi one was particularly excellent. 2 years, and $7 million taxpayer dollars later. Thud. I assume you and I have never loaned large amounts of money to anyone, but the wealthy do it all the time. Harlan Crow and Clarence Thomas for example.… Read more »