March sales of Australian minted bullion firmed for silver products and rank third best on record for gold products, the latest figures from The Perth Mint of Australia show.
The Mint’s bullion advances measured against healthier precious metals with March LBMA prices rising 1.7% for gold and 1.9% for silver. First quarter gains were sharper with precious metals prices increasing 6.7% for gold and 7.5% for silver.
Perth Mint Bullion Sales in March and First Quarter 2022
March sales of the Mint’s gold coins and gold bars tallied to 121,997 ounces, soaring 67.9% from February while falling 6.7% from March 2021 when sales reached an all-time monthly high. Aside from March 2021 when sales reached 130,730 ounces, the only better month for the Mint was in February 2021 at 124,104 ounces.
"Amid the Russia Ukraine crisis and its associated gold price volatility, it was no surprise to see a further increase in interest for our physical gold products — particularly from Europe," said General Manager Minted Products, Neil Vance.
"With good stocks of 1oz Australian Kangaroo gold coins and a growing inventory of fractional sizes, we were able to significantly increase the number of ounces shipped compared to February."
The Mint’s first quarter gold sales at 261,357 ounces are 21% lower than the 330,937 ounces sold in first quarter 2021.
Perth Mint sales in March of minted silver coins and silver bars totaled 1,649,634, scoring increases of 1.1% from February and about 3.1% from March of last year.
The Mint’s first quarterly silver sales of 5,669,122 ounces are 23.4% higher than the 4,593,591 ounces sold during the first three months of 2021.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from March 2021 to March 2022. 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 2022 | 1,649,634 | 121,997 |
| February 2022 | 1,632,323 | 72,651 |
| January 2022 | 2,387,165 | 66,709 |
| December 2021 | 1,733,293 | 54,861 |
| November 2021 | 1,530,598 | 115,872 |
| October 2021 | 1,352,275 | 59,750 |
| September 2021 | 1,789,926 | 98,753 |
| August 2021 | 1,467,229 | 53,976 |
| July 2021 | 1,302,723 | 70,658 |
| June 2021 | 1,823,029 | 72,910 |
| May 2021 | 1,700,807 | 91,146 |
| April 2021 | 1,798,210 | 101,379 |
| March 2021* | 1,600,000 | 130,730 |
*Perth Mint published approximated sales data for March 2021. Specifically, the Mint stated that during March it shipped "more than 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver." Later data placed March 2021 gold sales at 130,730 ounces.
Some comments have been made recently involving the 2022-W ASE Proof mintage sales figure of 746,760 in terms of resale value. For comparison of mintage figures for the 36-year series of the American Eagle One Ounce Silver Numismatic Coins, the 5 lowest mintage coins (under 100,000 mintage) are: 2019-S Enhanced Reverse Proof = 29,909 1995-W Proof = 30,102 2020-W V75 Privy Proof = 74,709 2011-S Uncirculated = 99,882 2011-P Reverse Proof = 99,882 There are another 11 low mintage coins (with mintage under 200,000): 2019-W Enhanced Reverse Proof = 109,675 2017-S Proof = 123,799 2021-W Type 1 Reverse Proof =… Read more »
However as we all now know none these statistics actually mean anything because the US Mint is just plain full of S………………. But I refuse to allow that to take away from your special day Rich, CONGRATS your like a predator – so deadly quiet nobody even noticed you were here I hereby authorize the creation and issuance of the first – First on Thread – Stealth Award on this date 04-20-2022 ( a day that will live in infamy because it never happened – yet the World must never know) – so, sadly, it appears nobody will ever see… Read more »
Just more evidence of my suspicious mind; that it’s all one big metals mafia family from caffeine Mike to NGC and that they must work together to keep the FOMO alive.
You don’t really think that anyone actually paid $840,000 for that crappy chunk of Gold the other day – rhetorical.
Kaiser, REMEMBER YOUR TRAINING
🙂
Can’t wait to see how they screw this one up –
I would say someone has tuned into this little blog and perhaps my ebay seller page where I explained to the lazy sheeple how to sign up for enrollment so they don’t have to spend the rest of their days bellyaching about over-paying.
Still no official “Sold Out” on the product page but the letter was quite specific American Innovation sold out via enrollments for first time in history – THAT MEANS WE MADE HISTORY – no thanks to or from the US Mint of course…………………..
That’s on top of his own line of speed boats.
I was called a genius when I invented the Wet Bar at a very young age
Screw the Nobel Board – as long as Kaiser approves I’m good
IF SOMEONE DOESN’T FLUSH THIS TURD – ALL OUR LIVELIHOOD’S WILL BE IN JEOPARDY
I derived a mathematical formula from which I further ciphered a conclusion that every .01 (One Cent) per gallon of gasoline increase produces $1 Billion dollars per day in profits for the Politicians in power while concomitantly robbing the American Tax payer of the same Biden has already caused more devastation to America and Americans (just at the gas pumps) than Trump has dead brain cells or Rasputin has inflicted upon Ukraine I derived a mathematical formula from which I further ciphered a conclusion that every .01 (One Cent) per gallon of gasoline increase produces $1 Billion dollars per day… Read more »
Where’s Corn Pop?
Holy Shit there’s an Echo in here
As did my great Grandmother
I remember when my Economics Teacher told me “some day you will have to pay for water – that’s when you will know things are really bad”
I don’t have a problem with NOT murdering babies…
I know someone who hated Trump and spent 4 years stressing about Trump and the other day that person told me “Trump was better than this piece of crap Biden”
Sometimes personal feelings get in the way of the lessor of the evils and some things are completely not as they appear
Re-read paragraph 4 above and
Somehow I understand what your saying even when you don’t so it’s not a problem bro
All conversations here are taken and dished with nothing more than a grain of salt – relax and never again fear this misunderstanding that doesn’t exist https://www.youtube.com/watch?v=viLk1ZJGNPc
When I am able to add any kind of gold bullion to my collection I feel an indescribable since of elation. It also makes me feel a sense of security to have each piece and to be able to hold them in my hands. I think gold bullion could help anyone feel this way. http://www.GemCoCoins.com
Gold has always held a special place in history. It has been coveted and fought over for centuries. Gold can become a special part of your history, too. http://www.GemCoCoins.com
I love gold! I spent many of my younger years starting to build a coin collection that mainly consisted of silver because it was a little less expensive than gold. But once I was able to start working odd jobs as a teenager, my money started going towards accumulating gold, little by little. As as adult, I now have a healthy collection of both! I plan to continue my hobby because now these little beauties will be a part of my nest egg. http://www.GemCoCoins.com
The fascination with gold goes back in history longer than most of us know. Once humans noticed its beauty and learned of its usefulness, there was no turning back. http://www.GemCoCoins.com
Have you ever noticed how many songs have the word “Gold” in their title somewhere? There are a LOT! http://www.GemCoCoins.com
When I think of gold bullion, my mind always manages to drift to the Egyptians. Specifically, I think of the “Ten Commandments” movie that we always watched at Easter as kids. Can you imagine having that stash of gold?? http://www.GemCoCoins.com
I saw on tv the other day that now there is gold bullion cut thin to be like paper money… only made of pure gold bullion. I’m intrigued. http://www.GemCoCoins.com
I’ve been seeing a lot of commercials recently where they’re selling gold bullion. People are getting smart to the fact that gold bullion is a great way to diversify retirement portfolios. http://www.GemCoCoins.com
For those of you who are addicted to gold, don’t beat yourself up. Consider it a way to save for your retirement! http://www.GemCoCoins.com
I’ve been seeing a lot of commercials recently about gold coins and bullion. People are purchasing gold to diversify their retirement portfolios. I’ve even heard some people talk about selling out their stock to buy more gold. It’s probably not a bad idea with the state of the world anymore. http://www.GemCoCoins.com