Perth Mint Silver Bullion Sales in September Mark Fourth Highest Monthly Total on Record

Australian bullion sales in September remained firm for gold products and soared for silver products, the latest figures from The Perth Mint show.

Its silver sales ranked fourth highest for a month since CoinNews started tracking the data in February 2013. The stronger sales were attributed, in part, to the release of lunar-themed bullion coins dated for 2021, the Mint noted.

"We established the Lunar coin series back in 1996 and it has consistently been one of our most successful annual releases among both investors and collectors," said Neil Vance, General Manager — Minted Products.

"We have an expansive network of international distributors for these coins who have ordered strongly again, especially in the United States and Germany where our brand is very well known."

The Mint’s monthly bullion gains set against declining precious metals with LBMA prices in September dropping 3.6% for gold and 13.3% for silver.

Bullion Sales in September 2020

Perth Mint sales of gold coins and gold bars totaled 62,637 ounces last month, down 7.2% from August but 33.8% higher than in September 2019.

Year-to-date gold sales at 579,466 ounces are 158.9% higher than the 223,821 ounces sold last year through nine months.

The Mint’s sales of silver coins and silver bars reached 1,677,383 ounces last month, marking gains of 17.2% from August and 24.3% from September of last year. The month’s tally lags only behind:

• March 2020 sales of 1,736,409,
• March 2016 sales of 1,756,238 ounces, and
• September 2015 sales of 3,349,557 ounces. 

Silver sales for the year so far at 13,162,714 ounces are 69% higher than the 7,789,569 sold through the same period in 2019.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from September 2019 to September 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.