Perth Mint Silver Bullion Sales Rise in March, Gold Sales Decline

Perth Mint silver bullion sales surged in March and from a year ago while its gold bullion sales retreated from the previous month and from the same time last year. These patterns are a match to U.S. Mint bullion coin sales in March.

Perth Mint sales of its silver coins and silver bars jumped to 545,165 ounces last month, up 39% from sales of 392,088 ounces in the previous month and 33.6% higher than sales of 408,179 ounces from the same time last year.

U.S. Mint sales of bullion American Silver Eagles reached 5,354,000 ounces, surging 30% higher than February’s total of 3,750,000 and soaring 59.5% above the 3,356,500 ounces from March 2013. Silver Eagle sales in March ranked fourth highest all-time dating back to the series start in 1986.

Perth Mint sales of gold coins and gold bars reached 30,177 ounces in March, dropping 35.8% from February’s total of 47,003 ounces and falling 40.1% from the 50,356 ounces sold in March 2013.

U.S. Mint sales of its American Gold Eagles advanced 21,000 ounces last month, declining 32.3% from February’s 31,000 ounces and plunging 66.1% from sales of 62,000 ounces in March of last year. The U.S. Mint in March also sold 12,000 ounces in American Buffalo gold coins.

Perth Mint Bullion Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from March 2013 to March 2014.