Australian bullion sales ended stronger in December than in November but dropped sharply in 2017 compared to recent years, according to the latest round of figures from The Perth Mint of Australia.
The Perth Mint was not alone in logging weaker sales last year. Other world mints, like the U.S. Mint, also saw lower sales despite gains in precious metals.
Perth Mint Gold Bullion Sales
December sales of Mint’s gold coins and gold bars at 27,009 ounces grew 13% from November but sank 57.4% from the same month a year earlier.
Annual 2017 gold sales reached 365,410 ounces, registering declines of:
- 29.8% from the 520,295 ounces sold in 2016,
- 19.8% from the 455,630 ounces moved in 2015, and
- 29.3% from the 516,709 ounces delivered in 2014.
January was the Mint’s biggest month in 2017 for gold bullion with 72,745 ounces sold. The monthly haul was the third largest since CoinNews started tracking the Mint’s data in February 2013.
Perth Mint Silver Bullion Sales
The Perth Mint sold 874,437 ounces of silver bullion in December — its best month since July, marking gains of 60.6% from November and 103.4% from December 2016.
Annual 2017 silver sales reached 9,636,408 ounces, logging declines of 21.3% from the 12,236,766 sold in 2016 and 16.9% from the 11,595,504 ounces moved in 2015. They did surpass the 7,567,467 ounces sold in 2014 by 27.3%.
January at 1,230,867 ounces was also the Mint’s strongest month in 2017 for silver bullion, and the fifth highest since CoinNews started tracking the data.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from December 2016 to December 2017. 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 | |
| December 2017 | 874,437 | 27,009 |
| November 2017 | 544,436 | 23,901 |
| October 2017 | 999,425 | 44,618 |
| September 2017 | 697,849 | 46,415 |
| August 2017 | 392,091 | 23,130 |
| July 2017 | 1,167,963 | 23,675 |
| June 2017 | 1,215,071 | 19,259 |
| May 2017 | 826,656 | 29,679 |
| April 2017 | 468,977 | 10,490 |
| March 2017 | 716,283 | 22,232 |
| February 2017 | 502,353 | 25,257 |
| January 2017 | 1,230,867 | 72,745 |
| December 2016 | 430,009 | 63,420 |
I am and always will be a fan and purchaser of Perth products. Amazing craftsmanship and quality. I think like many, are branching out and purchasing internationally. Tons of competition and selection out there. Great time to stack precious metals and to be a numismatist.
Mouse
Mouse,
I haven’t been able to figure out whether ot not the Perth Mint is in fact an official Australian government entity or instead is a private minting facility. If you could you please provide me with some enlightenment in that regard it would be much appreciated. 🙂