Australian bullion demand surged in September, according to data from The Perth Mint, with sales of gold and silver products reaching multi-month highs.
The Mint reported that its bullion sales received an additional boost in September, fueled by the release of the Australian Lunar Series III 2025 Year of the Snake bullion coins.
"Our lunar series is always eagerly anticipated by our customers and judging by sales alone, this year’s range has proved as popular as ever," said Neil Vance, The Perth Mint’s General Manager of Minted Products.
"Designer Sean Rogers has done a magnificent job capturing the characteristics of the snake as expressed in lunar folklore and we look forward to releasing more from this range over coming months."
The Perth Mint’s bullion gains are set against rising precious metals prices in September, with LBMA prices (in USD) increasing by 5.5% for gold and 4.6% for silver.
Perth Mint Silver Bullion Sales in September 2024
The Mint reported September sales of 963,198 ounces for its minted silver coins and bars — the highest since February — with a 48.8% rise compared to August. However, sales were down 13.8% from September 2023.
Year to date, the Mint’s silver sales total 7,160,518 ounces, marking a 42.6% decrease from the 12,468,898 ounces sold during the same period last year.
Perth Mint Gold Bullion Sales in September 2024
In September, the Mint’s sales of gold coins and bars rose by 53,143 ounces — the highest since November — with gains of 105.3% from August and 45.5% over the same month last year.
The Perth Mint’s gold sales for the year so far total 271,808 ounces, representing a 49.1% decrease compared to the 533,770 ounces sold during the same period last year.
Perth Mint Gold and Silver Sales by Month through September 2024
Below is a monthly summary of Perth Mint bullion sales from January 2022 to September 2024. 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 | |
| September 2024 | 963,198 | 53,143 |
| August 2024 | 647,382 | 25,884 |
| July 2024 | 939,473 | 25,457 |
| June 2024 | 491,946 | 22,520 |
| May 2024 | 796,934 | 23,238 |
| April 2024 | 684,735 | 33,387 |
| March 2024 | 860,672 | 16,442 |
| February 2024 | 1,006,852 | 47,086 |
| January 2024 | 769,326 | 24,651 |
| December 2023 | 681,490 | 36,297 |
| November 2023 | 672,623 | 53,520 |
| October 2023 | 1,073,553 | 42,302 |
| September 2023 | 1,116,779 | 36,530 |
| August 2023 | 792,503 | 34,875 |
| July 2023 | 863,485 | 44,009 |
| June 2023 | 1,326,011 | 73,124 |
| May 2023 | 1,881,001 | 72,889 |
| April 2023 | 1,947,743 | 75,166 |
| March 2023 | 1,823,096 | 80,541 |
| February 2023 | 1,484,936 | 52,241 |
| January 2023 | 1,233,344 | 64,395 |
| December 2022 | 1,634,751 | 60,634 | November 2022 | 1,315,293 | 114,304 |
| October 2022 | 1,995,350 | 183,102 |
| September 2022 | 2,579,941 | 88,554 |
| August 2022 | 1,655,334 | 84,976 |
| July 2022 | 2,465,513 | 79,305 |
| June 2022 | 1,523,765 | 65,281 |
| May 2022 | 2,217,582 | 98,515 |
| April 2022 | 2,119,491 | 80,941 |
| March 2022 | 1,649,634 | 121,997 |
| February 2022 | 1,632,323 | 72,651 |
| January 2022 | 2,387,165 | 66,709 |
Bullion Coins Released in September 2024
In September, as reported by The Perth Mint, the following bullion coins were released:
- Australian Lunar Series III 2025 Year of the Snake 2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/10oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/4oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Platinum Bullion Coin
- Australian Emu 2024 1oz Silver Bullion Coin
- Australian Emu 2024 1oz Gold Bullion Coin
In August, as reported by the Mint, the following bullion coin was released:
-
Australian Brumby 2024 1oz Silver Bullion Coin
In July, as reported by the Mint, the following bullion coins were released:
- Dragon 2024 1oz Silver Rectangular Bullion Coin (individual and in tube)
- Dragon 2024 1oz Gold Rectangular Bullion Coin
- Next Generation Australian Emu 2024 10oz Silver Piedfort Bullion Coin (previously mother and baby)
- Next Generation Australian Emu 2024 2oz Silver Piedfort Bullion Coin (individual and in tube)
In June, as reported by the Mint, the following bullion coins were released:
- Australian Quokka 2024 1oz Silver Bullion Coin
- Australian Koala 2024 1 Kilo Silver Bullion Coin
In May, as reported by the Mint, the following bullion coins were released:
- Chinese Myths and Legends Dragon & Koi 2024 1oz Gold Bullion Coin
- Australian Koala 2024 1oz Silver Bullion Coin
In April, as reported by the Mint, the following bullion coins were released:
- Australian Kookaburra 2024 1/10oz Gold Bullion Coin
- Australian Kookaburra 2024 1/10oz Platinum Bullion Coin
- Australian Swan 2024 1oz Silver Bullion Coin
- Australian Swan 2024 1oz Gold Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Gold Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Silver Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Platinum Bullion Coin
- Australian Kookaburra 2024 10oz Silver Bullion Coin
In March, as reported by the Mint, the following bullion coins were released:
- Australian Kookaburra 2024 1 Kilo Silver Bullion Coin
- Australian Wedge-tailed Eagle 10th Anniversary 2024 1oz Silver Bullion Coin
In February, the Mint reported, the following bullion coins were released:
- Australian Kangaroo 2024 1 Kilo, 1oz, 1/2oz, 1/4oz, 1/10oz Gold Bullion Coins
- Australian Kangaroo 2024 1oz Silver Bullion Coin
- Australian Kangaroo 2024 1oz Platinum Bullion Coin
In January, the Mint reported the following bullion coins were released:
- Australian Lunar 2024 Year of the Dragon 1 Kilo, 5oz Silver Bullion Coins
- Australian Lunar 2024 Year of the Dragon 1/20oz Gold Bullion Coin
- Australian Kookaburra 2024 1oz Silver Bullion Coin
Speaking of bullion, AKBob said yesterday: “I just received a text from Bullion Shark for the First Release “STAR” Privy on a American Silver Eagle MS70 is $99, a MS69 is $69 I think and there’s some Gem BU’s too.” There weren’t any MS69’s available as best I could tell. Just the MS70’s and Gem Uncirculated’s. With this being just the second ASE with an added privy and collectors often willing to pay for labels, this coin with the “1 of First 50,000 Releases” label appears initially to have some upside IMO. A few have sold for $175-$185 on EBay… Read more »
Cali, Your Welcome! I too picked up one MS70. The 70’s have sold out, that happened in one day too! I only purchased mine because I thot it was a small investment with a potential of having some “upside”!! Most here know I do not purchase Silver unless there’s an upside, this one may have a nice little upside. In time we’ll know more. I kinda wished I had purchased 5 of these but it’s now too late 🙁 . Oh, I just got another text from Bullion Shark and they now have more but these have the black core… Read more »
AKBob, ironically when I click on the link I saved from last evening, I’m taken to the site and indeed, they(2024 (P) Silver Eagle NGC MS70 – First Star Privy 1 of First 50,000 Releases) are not available as a Pre Sale any longer. Other thing I noticed is that the listed price was $149. Another thing to note, is that they probably didn’t or weren’t able(?) to corner the market on all of the 1 of 1st 50,000 labels? Also I did see the Black Core MS70 /Black Label and noticed that, that particular label is being advertised as… Read more »
I’m in the left out section since I collect neither medals nor bullion. Each to his own.
There are only 80 or so left of those MS70 Black Core label Star Privy ASE’s left. Gone in the next few minutes to 1/2 max!
Actually 121 available based on trying to figure out their inventory through using various different numbers to pre order. Sorry, my bad…