Australian bullion demand rebounded in February, according to data published March 11 by The Perth Mint of Australia, following January’s 10-month low for its gold products and 67-month low for its silver products.
The Mint’s sales occurred against a backdrop of divided precious metal prices. In February, LBMA prices (USD) saw gold rise 0.8%, while silver dropped 1.5%.
Perth Mint General Manager of Minted Products, Neil Vance, noted that the strong gold price continued to weigh on demand for minted products. However, he expressed satisfaction with the response to key February releases, including the Australian Kookaburra 2025 1 Kilo Silver Bullion Coin and gold and silver bars from the Lunar Year of the Snake collection.
"It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs," Vance commented.
Perth Mint Bullion Sales in February 2025
The Perth Mint’s gold sales climbed in February, with gold coins and bars totaling 25,103 ounces – up 35.3% from January’s low, the weakest monthly total since March 2024. However, sales were down 46.7% from February 2024.
Year-to-date gold sales reached 43,651 ounces, 39.2% lower than the 71,737 ounces sold in the same period last year.
Silver sales also improved, with February’s total at 482,451 ounces, a 16.3% increase from January’s low, the weakest since June 2019. Compared to February 2024, sales were down 52.1%.
So far this year, The Perth Mint’s silver sales stand at 897,426 ounces, a decline of 49.5% from the 1,776,178 ounces sold in the first two months of 2024.
Perth Mint Gold and Silver Sales by Month through February 2025
Below is a monthly summary of Perth Mint bullion sales from January 2022 to February 2025. 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 | |
| February 2025 | 482,451 | 25,103 |
| January 2025 | 414,975 | 18,548 |
| December 2024 | 1,057,311 | 31,727 |
| November 2024 | 1,055,657 | 58,136 |
| October 2024 | 539,898 | 29,935 |
| September 2024 | 963,198 | 53,143 |
| August 2024 | 647,382 | 25,884 |
| July 2024 | 939,473 | 25,457 |
| June 2024 | 491,946 | 22,520 |
| May 2024 | 796,934 | 23,238 |
| April 2024 | 684,735 | 33,387 |
| March 2024 | 860,672 | 16,442 |
| February 2024 | 1,006,852 | 47,086 |
| January 2024 | 769,326 | 24,651 |
| December 2023 | 681,490 | 36,297 |
| November 2023 | 672,623 | 53,520 |
| 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 |
| 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 |
Bullion Coins Released in January 2025
In February, as reported by The Perth Mint, the following bullion coins were released:
- Lunar Snake 1oz Silver Minted Bar in Pouch
- Lunar Snake 1oz Silver Minted Bar in Tube
- Lunar Snake 1oz Gold Minted Bar
- Chinese Myths and Legends Four Guardians 2025 1oz Gold Bullion Coin
- Australian Kookaburra 2025 1 Kilo Silver Bullion Coin
- Australian Wedge-tailed Eagle 2025 1oz Silver Bullion Coin
In January, as reported by the Mint, the following bullion coins were released:
- Lunar Dragon 1oz Silver Minted Bar in Tube
- Lunar Dragon 1oz Silver Minted Bar in Pouch
- Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin with Dragon Privy
- Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin with Dragon Privy
In November, as reported by the Mint, the following bullion coins were released:
- Australian Kangaroo 2025 1oz Silver Bullion Coin in Tube
- Australian Kangaroo 2025 1oz Silver Individual Bullion Coin
- Australian Kangaroo 2025 1 Kilo Gold Bullion Coin
- Australian Kangaroo 2025 1oz Gold Bullion Coin
- Australian Kangaroo 2025 1/2oz Gold Bullion Coin
- Australian Kangaroo 2025 1/4oz Gold Bullion Coin
- Australian Kangaroo 2025 1/10oz Gold Bullion Coin
- Australian Kangaroo 2025 1oz Platinum Bullion Coin
- Australian Lunar Series III 2024 Year of the Dragon 10 Kilo Silver Bullion Coin
- Australian Koala 2024 1/10oz Gold Bullion Coin
- Australian Koala 2024 1/10oz Platinum Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1 Kilo Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 5oz Silver Bullion Coin
In October, as reported by Mint, the following bullion coins were released:
- Australian Wombat 2024 1oz Silver Bullion Coin
- Super Pit 2024 1oz Silver Individual Bullion Coin
- Super Pit 2024 1oz Silver Bullion Coins in Tube
- Super Pit 2024 1oz Gold Bullion Coin
- Super Pit 2024 5oz Gold Bullion Coin
- Welcome Nugget 2024 1oz Gold Bullion Coin
- Chinese Myths and Legends Four Guardians 2024 1oz Silver Bullion Coin
In September, as reported by the Mint, the following bullion coins were released:
- Australian Lunar Series III 2025 Year of the Snake 2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/10oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/4oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Platinum Bullion Coin
- Australian Emu 2024 1oz Silver Bullion Coin
- Australian Emu 2024 1oz Gold Bullion Coin
GLD just Closed at Another All Time Closing High.
GLD closed at $275.13 (24×5 trading may cause price variation).
Cag,
GOLD $3,000/oz at the close.
Plenty of support and still climbing.
Cheers
E 1,
Gold is the Slow Train Coming up around the bend.
Rich,
Silver is the Little Red Caboose consigned to bringing up the rear.
In other world coin news, 35 gold and silver 15th Century Scottish and English coins were discovered this past week. Not a bad haul courtesy of metal detectorists.
About 2 weeks ago, my new(to me)1970-D MS-67+ Kennedy toner had shipped and finally came home after 3 months. I had won/bought it way back in early Dec at GC and used their “Layaway” plan(take 3 Mos to pay plan)to pay for it. I have never paid so much for a 40% Silver coin, so finally getting it in hand was great!
And once delivered, it was Deja Vu all over again!
He did it again. Just a couple of weeks apart, Ian Russell, President of GC sent my long awaited coin(s) in his 6 coin display case for certified coins, along with a second personal thank you note. Great People, and great service over there.
Two 6 coin display cases–waiting to get filled up!
…
That 70-D is “NUTS.” An insane coin. A total “Rock Star.” Amazing Rick! Off the freeking hook Braaaah! Tell a Friend!
Thanks E1,
It was the first coin I went after for my Kennedy Silver Short Set.
And it was a doozy. The 70-D having the lowest mintage by far within the set is the toughest at high grades. Glad that one is done.
You, being more of a blast white Kennedy collector, and complementing the toners is much appreciated. Some collectors can do without the tarnish, but I’m in both camps really. I have 2 white 70-D’s below, and I may be selling them for obvious reasons…
Nice Rick, I like the toned most times, especially as this one is…
So what the heck, I’ll throw my(incomplete)Kennedy Half 8-coin Basic Silver Short Set(1964-70)into my new coin case!
So far so good(5 coins), as I’m trying to maintain MS-67’s in my new set…
Rick, Amazing Set! Great Job Bro! Definitely an Everest Set. Beautiful! Give that set another 10 years and it will be money on the bank. I personally know how difficult those coins are in a “6.” But in a “7” – Legendary! So, I guess this concludes your “GTG” contest as well. The 1964-P came in at “MS-67.” My guess was MS-67+. I added the “+” for the toning. But, the coin was better than a “6” and not an “8.” Still, a great coin. In my mind, the Kennedy Series ends this year. So, lock it in. You still… Read more »
Well E1, thanks man. It’s not a competition with anyone, but an exciting challenge for me! The inspiration came from you though. Your set(s) pictured above in the wood cases are primo! With the Kennedy ‘original’ series ending as you say, maybe some of the more popular pieces will develop more demand as ‘the end’ is slowly realized? Including the modern .999 Proof Silvers that you & Major D(and others)collect out of the Silver Proof sets. I have that in mind when I look at some of my Kennedy coins(future demand?)… Yes, I still need a 1964-D as you mentioned,… Read more »
E1 said,
“So, I guess this concludes your “GTG” contest as well.”
NO.
My 1964-P Kennedy above in the GC case is an MS-67, and looks like this ⇊
And my 1964-P Kennedy GTG(Guess The Grade) looks like this ⇊…
Two different coins, with two different grades(that was a new hint)..
One more hint — There are no 1964-P’s in an MS-68, not from PCGS anyway, which is what we have below(PCGS)..⇊…
Guess lower than a 67 — last hint… Anyone else care to GTG? Reveal later tonight!
Reminder thread…
https://www.coinnews.net/2025/03/03/eighth-era-mobile-game-rewards-players-with-ngc-certified-ancient-coins/#comment-554479
I’ll say 65 but maybe really 66. Some edge marks on forehead and a few on obv field, reverse looks 68…..
“GTG” 1964 Kennedy 50C: ⇊
This coin wasn’t really a contender for my Silver Short Set because I wanted MS-67’s if possible, and this coin was not a 67. Besides, a month earlier I picked up the 1964 MS67 pictured above.
When I came across the coin I really liked it. No hard distractions, great toning, and pleasing to the eye.
It’s in Gen 4.4 plastic from 15-20 years ago when it was graded.
I saw some potential with the coin, and bought it.
So spit it out already, Rick!
MS-64
$130.50
$100 over the $30 price Guide for an MS-64(PCGS)…
https://www.greatcollections.com/Coin/1741356/1964-Kennedy-Half-Dollar-PCGS-MS-64-Toned
Cali & JQC I’ll give you guys the closest guess. You both teetered between 65 & 66.
DaveSWFL you described it best with “Obverse has lots of nicks & dings”, etc.
E1, I think the coin may be undergraded…
Thanks Kaiser for your input!
My clues had warned you all to be cautious all along, but the nice color was fighting your better judgment all the way? Good detail was there too. Challenging coin.
The reverse is in good shape, making the overall grade a tough call…
Thanks everyone!