Top Three Sovereign Mints, The U.S., Canadian and Perth Mint report collective first quarter 2016 silver sales up 31.6%

Perth Mint silver sales climb 165% in the first quarter.

The U.S., Canadian and Perth Mints sold nearly 30 million ounces of silver in the first quarter.

Top Mints sell 45.66 ounces of silver to every ounce of gold sold in the first quarter- up from 38.27 to 1 in 2015.

First Quarter 2016 – A Record Quarter for Silver Sales

The Royal Canadian Mint released its first quarter 2016 report last week. The report showed that the Royal Canadian Mint first quarter 2016 silver sales of 10,600,000 ounces set a quarterly record and increased 19.3% year over year from the first quarter 2015 sales of 8,900,000 ounces.

The U.S. and Perth Mint report their sales monthly and contemporaneously at the end of each month.

The U.S. Mint reported selling 14,842,500 one ounce American Silver Eagle coins in the first quarter of 2016, up 23% from 12,071,000 ounces sold in the first quarter of 2015.

The Perth Mint reported selling 4,278,708 ounces of silver in the first quarter of 2016 up 165% from 1,616,604 ounces sold in the first quarter of 2015.

Collectively, the U.S. Canadian and Perth Mints sold 29,721,208 ounces of silver in the first quarter up nearly 32% from the first quarter of 2015 when the three mints sold 22,587,604 ounces.

The Perth Mint led the three top sovereign mints with a silver sales increase of 165% in the first quarter of 2016.

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2015 – A Record Year For Silver Sales

The record quarterly silver sales in the first quarter of 2016, follow record silver sales in 2015 at each of the Perth, Canadian and United States Mints. Collectively, the top three mint’s silver sales of 93,075,927 ounces were up 15% in 2015 from 80,673,467 ounces sold in 2014.

Each of the Perth, Candian and Unites States Mints set silver sales records in 2015.

Silver to Gold Sales Ratio at the U.S. Perth and Canadian Mints in the First Quarter of 2016

The U.S. Mint sold 14,842,500 ounces of silver and 305,500 ounces of gold. Silver to Gold Ratio 48.58 to 1

The Perth Mint sold 4,278,708 ounces of silver and 132,770 ounces of gold. Silver to Gold Ratio 32.23 to 1

The Canadian Mint sold 10,600,000 ounces of silver and 212,600 ounces of gold Silver to Gold Ratio 49.86 to 1

The U.S., Perth and Canadian Mints sold 29,721,208 ounces of silver and 650,870 ounces of gold. Silver to Gold Ratio 45.66 to 1

Silver to Gold Sales Ratio at the U.S., Perth and Canadian Mints in 2015

The U.S. Mint sold 47,000,000 ounces of silver and 1,022,000 ounces of gold. Silver to Gold Ratio 45.98 to 1

The Perth Mint sold 11,775,927 ounces of silver and 457,132 ounces of gold. Silver to Gold Ratio 25.76 to 1

The Canadian Mint sold 34,300,000 ounces of silver and 953,000 ounces of gold. Silver to Gold Ratio 36 to 1

The U.S., Perth and Canadian Mints sold 93,075,927 and 2,432,132 ounces of gold. Silver to Gold Ratio 38.27 to 1

Canadian Mint Silver Sales

Sales of silver at the Canadian Mint have risen from under one million ounces in 2005 to over 34 million ounces in 2015.

Canadian Silver Maple Leaf

Description: Obverse: Picture of of Queen Elizabeth II of England
Reverse: Depiction of a Maple Leaf “CANADA” “Fine Silver 1 oz Argent Pur”
Composition/Weight: 1 ounce/.9999 fine silver; ridged edge
Face value: $5
Designer: Susanna Blunt
Mint Location: Ottawa, Canada
Years Minted: 1988-present

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Perth Mint Silver Sales

Perth Mint silver sales were turbo charged by the introduction of the Australian Silver Kangaroo coin in September 2015.

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Perth Mint Silver Kangaroo Coins

Description: Obverse: Picture of of Queen Elizabeth II of England with the words “Elizabeth II” “Australia” “1 Dollar”
Reverse: Depiction of a Kangaroo with the words “Australian Kangaroo” “2016” “1 oz” “9999 Silver”
Composition/Weight: 1 ounce/.9999 fine silver; ridged edge
Face value: $1
Designers: Front: Ian Rank-Broadley; Back: Steward Devlin
Mint Location: Perth, Australia
Years Minted: 2015- (first dated 2016)

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United States Mint Silver Sales

U.S. Mint silver sales in 2015 include only the 47,000,000 one ounce American Silver Ealge coins sold and do not include the 1,006,000 ounces of silver represented by sales of 212,000 America The Beautiful coins in 2015.

Sales of American Silver Eagle coins set a record for the third year in a row and are headed for another record in 2016.

American Silver Eagle

Description:Obverse: The front of the coin shows a walking lady liberty, the year of mintage and the words "LIBERTY" "IN GOD WE TRUST"
Reverse: the back of the coin shows an eagle with the words "1 oz. FINE SILVER - ONE DOLLAR" "UNITED STATES OF AMERICA"

Composition/Weight: 1 oz. pure silver (.9993 silver .0007 copper)
Designers: Adolph A. Weinman (obverse) John Mercanti (reverse)
Face Value: $1
Mint Locations: Philadelphia, Pennsylvania, San Francisco, California and West Point, New York Years Minted: 1986 - present

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