The Perth Mint’s September bullion sales were boosted by the release of new Australian lunar gold and silver coins, such as the Australian 1oz silver coin for the Year of the Tiger 2022
Demand for Australian gold bullion rose in September, as figures from The Perth Mint show, with gold coin and bullion sales in five months, and silver coin and bullion sales in three months, the highest. The mint’s sales of minted precious metals exceeded not only those of the previous month but also those of the previous year.
Notably, the Perth Mint’s gold bullion levels broke a series of five consecutive monthly slowdowns that began after record sales in March.
Coin sales saw a backdrop of declining precious metals, with LBMA prices falling 4% for gold and 10.5% for silver.
Precious metals sales in September 2021
The Perth Mint combined sold 98,753 ounces of gold coins and gold bars in September, up 83% from August and 57.7% from September 2020.
According to General Manager Minted Products, Neil Vance, the higher demand for Australian bullion coins reflected the declines in gold and silver prices in September. However, sales of Perth Mint products were given a second boost with the release of a new series celebrating the year of the tiger 2022. “The launch of the annual Australian Lunar coin series each September is eagerly awaited by the market and with a supply of these new coins we were well positioned to meet initial demand,” he said.
Year-to-date gold sales are 819,029 ounces, 41.3% above the 579,466 ounces sold in the same period last year.
The Perth Mint’s September sales of silver coins and silver bars totaled 1,789,926 ounces – the highest since June, up 22% from August and 6.7% from September 2020, according to CoinNews tracking data, which was up Date February 2013. (They were the second highest for a month in February at 1,830,707 ounces.)
The Mint’s silver sales for the year to date are 14,475,515 ounces, 10% higher than the 13,162,714 ounces sold in the same period last year.
Perth Mint Gold and Silver Sales by Month
The following is a monthly summary of the Perth Mint’s bullion sales from August 2020 to August 2021. The figures show monthly ounces of gold and silver supplied by The Perth Mint as minted products to wholesale and retail customers worldwide. Sales of cast ingots and other group activities, including sales of allocated / unallocated precious metal for storage by the Depositary, are excluded.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| silver | gold | |
| 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 | 130,000 |
| February 2021 | 1,830,707 | 124.104 |
| January 2021 | 1,162,884 | 76.103 |
| December 2020 | 941,767 | 76,806 |
| November 2020 | 1,119,296 | 84.158 |
| October 2020 | 1,228,713 | 38,367 |
| September 2020 | 1,677,383 | 62,637 |
* Perth Mint released approximate sales data for March. Specifically, the Mint stated that it had delivered “more than 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver” in March.
Article Source : https://www.coinnews.net/2021/10/15/perth-mint-gold-and-silver-bullion-sales-surge-in-september/
