Demand for Australian bullion products picked up in January with silver sales the highest since July and gold sales the strongest since October, according to the latest figures from The Perth Mint of Australia. Their levels, however, were down from a year ago.
Gains happened against rising precious metals with LBMA prices in January registering increases of 3.7% for gold and 2.2% for silver.
Bullion Sales in January 2018
The Perth Mint’s sales of gold coins and gold bars reached 37,174 ounces in January, growing 37.6% from December but 48.9% lower than the same month a year earlier.
January sales of silver coins and silver bars hit 1,067,361 ounces, climbing 22.1% above the previous month but falling 13.3% from January 2017.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from January 2017 to January 2018. 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 | |
| January 2018 | 1,067,361 | 37,174 |
| 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 |
I do love Perth minted products / bullion. Their quality and designs are amazing. Will always purchase their product.
Mouse
Mouse – Is the Perth Mint an Australian national (government) mint or a private facility? Thanks.
Old Collector – The Perth mint is a commonwealth mint (Australian government – owned and operated – mint) as is my Royal Canadian Mint and the Royal Mint. They all put out amazing product – specifically bullion product. The Perth as well as my RCM are one of the few mints that not only produce beautiful high quality numismatic but also bullion coins. Tthey also produce bullion bars of the highest quality and standard. And to all those who saw the news article of a man purchasing a 1 ounce RCM 9999 fake gold bar from a Canadian bank –… Read more »
The Perth Mint Australia (one of the two official Mints of Australia, in addition to the Royal Australian Mint) is owned by Gold Corp. & is an Australian state of Western Australia government owned entity. Most of its income comes from wealthy customers in Asia (individuals & banks etc.). The main Mint building is from 1899 when nearby gold mining was still leaching chemicals & waste into downtown Perth! I love their high-quality coins & ingots.
Happy collecting everyone!
-NumisdudeTX
Mouse & Seth,
Thank you both very much for all the helpful enlightenment regarding the Perth Mint; it’s very much appreciated!
I really value and enjoy this forum not only because fellow collectors like yourselves are willing to participate here in general but in doing so you also offer the very welcome “service” of unearthing and delivering whole treasure troves (yes, pun most definitely intended) of fascinating information about all manner and variety of topics involving the constantly rewarding pursuit of numismatic knowledge and awareness.
Mouse,
I read all about that (allegedly) fake mint bar that (allegedly) came from the RCM. I’m thinking maybe that coin dealer was just drumming up business for himself, because regardless of how unfortunate that (alleged) counterfeiting incident was you know what they say: “There is no such thing as bad publicity.” By the way, for living proof of that just take a look at the how those unbelievably trashy Kardashians continue to rake in ever more millions of $$$.
I love the designs of the Koalas from Perth and have had a great time buying them. If you buy from a reputable online vendor, who buys from a distributor that buys direct from the mint, then the chances of fraud are slim to none.