Perth Mint Bullion Sales Soar in First Half of 2016

Demand for Australian bullion coins bounced in June after a slowing in May, and soared through the first half of this year, according to the latest figures from the Perth Mint of Australia.

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The Mint’s silver coins scored above the million ounce level for the ninth time in ten months and its gold sales rebounded from an at least 3-year low.

Perth Mint bullion sales registered against a backdrop of soaring precious metals with London fixings in June logging advances of 9% for gold and 14.3% for silver.

Bullion Sales in June 2016

The Perth Mint sold 31,368 ounces in gold coins and gold bars last month for a 49.1% increase over May when sales ranked the weakest since CoinNews started tracking the Mint’s data in February 2013. Sales climbed a more modest 1.1% above the same month from a year earlier.

“Stronger investor sentiment in June resulting from the UK’s Brexit vote helped reverse the decline in sales of Australia coins and bars evident over the past two months,” the Perth Mint said.

Gold sales through the first half of 2016 tally to 232,715 ounces, up 38% from last year’s starting six-month total of 168,650 ounces..

Perth Mint sales of silver bullion jumped by 1,220,817 ounces last month, notching gains of 25.2% from the previous month and 217.4% from June 2015.

Silver sales through the first half of the year total 7,636,156 ounces, smashing last year’s January to June total of 2,810,994 ounces by 171.7%.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from June 2015 to June 2016. The figures show monthly ounces of gold and silver shipped by the Minted Products division of 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)
June 2016 1,220,817 31,368
May 2016 974,865 21,035
April 2016 1,161,766 47,542
March 2016 1,756,238 47,948
February 2016 1,049,062 37,063
January 2016 1,473,408 47,759
December 2015 1,083,460 40,096
November 2015 1,145,239 31,664
October 2015 1,751,898 66,951
September 2015 3,349,557 63,791
August 2015 707,656 33,390
July 2015 746,700 51,088
June 2015 384,586 31,019

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Perth Mint 10 Kg 2016 Lunar Monkey Silver Coin

The Perth Mint announced that it will soon be selling its 2016 Year of the Monkey 10 Kilo Silver Coin on a mint-to-order basis.

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The Mint’s Web site notes that this item has a maximum mintage of 150 pieces.

2016-Perth-Mint-10-Kg-Lunar-Monkey-Silver-Coin

2016-Perth-Mint-10-Kg-Lunar-Monkey-Silver-Coin-reverse The reverse image depicts two monkeys sitting in a peach tree; peaches are a traditional symbol of longevity and immortality. Inscribed near the rim of the coin are the Chinese character for ‘monkey’ and YEAR OF THE MONKEY, along with the Perth Mint’s ‘P’ mintmark.

The obverse features Ian Rank-Broadley’s portrait of Queen Elizabeth II, with the inscriptions ELIZABETH II, AUSTRALIA, 10 KG 999 SILVER, 2016, and the denomination of 300 DOLLARS.

The Year of the Monkey alludes to 2016’s place in a twelve-year lunar cycle according to Chinese astrology. The Year of the Monkey pertains to those whose year of birth includes 1956, 1968, 1980, 1992, 2004, and, of course, 2016. People born in the Year of the Monkey are said to be intelligent, optimistic, and ambitious, according to a Mint press release.

The 2016 Year of the Monkey 10 Kilo Silver Coin will be available from the Perth Mint’s authorized bullion distributors – To purchase this coin visit the Perth Mint Bullion Program