Australian bullion sales rallied in March, the latest figures from The Perth Mint of Australia show. When compared against past months since CoinNews started tracking the data in February 2013, the Mint’s gold sales ranked second best and its silver sales ranked third highest.
These sales registered against falling precious metals with LBMA prices in March dropping 0.06% for gold and 18.9% for silver.
Bullion Sales in March 2020
Perth Mint sales of gold coins and gold bars totaled 93,775 ounces in March, the most for a month since April 2013 sales of 112,575 ounces, logging gains of 309.1% from February and 186.3% from March of last year.
First quarter 2020 gold sales at 164,995 ounces are 97.7% higher than the 83,470 ounces sold in first quarter 2019.
March sales of the Mint’s silver coins and silver bars reached 1,736,409 ounces, posting increases of 186.7% from February and 85.6% from March 2019. The month’s tally lags only behind March 2016 sales of 1,756,238 ounces and September 2015 sales of 3,349,557 ounces. Perth Mint January 2020 silver sales at 78,912 ounces now registers as their fourth highest month of sales.
The Mint’s first quarter silver sales at 3,792,351 ounces are 61.5% higher than the 2,348,983 ounces sold during the the first three months of last year.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from March 2019 to March 2020. 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 | |
| March 2020 | 1,736,409 | 93,775 |
| February 2020 | 605,634 | 22,921 |
| January 2020 | 1,450,317 | 48,299 |
| December 2019 | 1,361,723 | 78,912 |
| November 2019 | 1,027,695 | 54,261 |
| October 2019 | 1,394,615 | 32,469 |
| September 2019 | 1,350,038 | 46,837 |
| August 2019 | 1,171,233 | 21,766 |
| July 2019 | 987,040 | 21,518 |
| June 2019 | 344,474 | 19,449 |
| May 2019 | 681,582 | 10,790 |
| April 2019 | 906,219 | 19,991 |
| March 2019 | 935,819 | 32,757 |
Well, the Perth mint is filling the gap left by US Mint shutdown… Bullion outlets are having a rough time keeping Australia gold/silver offerings in stock as a consequence…nearly any silver issue Perth makes is selling like hotcakes on auction sites like eBay….matters not the denomination or theme of coin…mice, horses, crocodiles, koalas, kookaburras, you name it…people paying $25 for a 1/2 oz. silver coin! Precious metals buying panic!
eBAY GARBAGE!!!!!!!! HURRY!!!! Wait we need more “BAT” junk…
What you are not reporting is the massive unmet demand here. Log onto the Perth Mint website go to Bullion and then try and order gold or silver. There isn’t any ! If they actually had product the numbers for March 2020 would be double what you have reported. This period will go down in history as the Great Gold Rush of 2020. Right along side the Great Toilet Paper Rush (another Aussie invention).