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Perth Mint Silver Bullion Sales Rank Second All-Time in January

Australian bullion sales in January jumped from a month earlier, according to the latest figures from The Perth Mint of Australia. Noteworthy, the Mint’s silver sales soared to the second highest monthly level on record.

A CoinNews photo showing a pair of 2022 Australian Lunar Tiger 1oz Silver Bullion Coins – (Shown: obverse and reverse sides)

The Mint’s bullion gains were set against falling precious metals with LBMA prices in January down 1.4% for gold and off 2.6% for silver.

Silver Bullion Sales in January 2022

January Perth Mint sales of minted silver coins and silver bars totaled 2,387,165 ounces, scoring gains of 37.7% from December and 105.3% from January 2021.

“This January we released our 2022 Australian Koala silver bullion coin series and also took first orders for our 1 kilo Lunar Tiger coins,” said General Manager Minted Products, Neil Vance.

“Both releases are globally popular and contributed heavily to an especially pleasing month, which also reflected a build-up of demand during the Christmas and New Year period at the end of 2021.”

The Mint’s only better month for silver sales was September 2015 at 3,349,557 ounces. Now ranking third and fourth highest are April 2020 at 2,123,121 ounces and February 2021 at 1,830,707 ounces.

Gold Bullion Sales in January 2022

Meanwhile, Perth Mint sales of minted gold coins and gold bars reached 66,709 ounces in January, rising 21.6% from December but falling 12.3% from January 2021.

For some historical perspective and attesting to a strong 2021 and recent sales, the Mint’s top three months for gold bullion are March 2021 at 130,730 ounces, February 2021 at 124,104 ounces, and April 2020 at 120,504 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from January 2021 to January 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
Jan 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
Sep 2021 1,789,926 98,753
Aug 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
February 2021 1,830,707 124,104
Jan 2021 1,162,884 76.103

*Perth Mint published approximate sales data for March. 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.

Article Source : https://www.coinnews.net/2022/02/21/perth-mint-silver-bullion-sales-rank-second-all-time-in-january/

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