Perth Mint Silver /Gold Bullion Sales Remain Strong in October

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Perth Mint October Bullion Sales – Strong

Perth Mint gold and silver bullion sales remained strong for a second month, benefiting from a price dip in precious metals and the release of new coin designs.

For the month of October, sales of silver coins and minted products reached 821,579.77 troy ounces. This represented a decline from the prior month when sales were 961,977.07 ounces. However, it was a sharp gain of nearly 80% compared to the year ago period when sales were 457,700.76 ounces.

During the month, the Perth Mint reported that the Australian Lunar Series II 2014 Year of the Horse 1 oz Silver Bullion Coins officially sold out. These were limited to a mintage of 300,000 pieces. The coins are also available in 1/2 oz, 2 oz, 5 oz, 10 oz, and 1 kilo sizes without mintage limits, as well as a 10 kilo size limited to 200 pieces.

Silver bullion sales may see a boost in November, when the 2014 Australian Silver Koala bullion coins are released. These will be available in 1/2 oz, 1 oz , 10 oz, and 1 kilo sizes offered without maximum mintages.

Perth Mint Bullion Sales in Troy Ounces
Gold Silver
January 2013 65,683.71 670,544.36
February 2013 44,048.62 426,319.29
March 2013 50,356.16 408,178.52
April 2013 111,505.06 1,102,465.96
May 2013 86,983.54 587,454.82
June 2013 47,047.83 588,630.13
July 2013 56,488.25 697,247.39
August 2013 30,430.10 691,258.63
September 2013 68,488.06 961,977.07
October 2013 77,255.18 821,579.77
Total YTD 638,286.51 6,955,655.94

Sales of gold coins and minted products for October 2013 reached 77,255.18 troy ounces, representing the third highest monthly total of the year. The amount represented an increase from the prior month when 68,488.06 ounces were sold and also an increase from the year ago period when sales were 54,242.76 ounces.

During the month, the Perth Mint began accepting orders for the 2014 Australian Kangaroo Gold bullion coins, which feature a depiction of a kangaroo set against a fenced rural property. The coins are available in 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, and 1 kilo sizes.