Gold Sales at the Canadian Mint Were Nearly One Million Ounces In 2015.
The Canadian Mint Sold 953,000 ounces of Gold in 2015.
The Royal Canadian Mint released its 2015 annual report this week. The report showed that gold sales at the Canadian Mint rose 34.8% in 2015 to 953,000 ounces over sales of 707,000 ounces in 2014.
The Canadian Mint also reported selling 34,300,00 ounces of silver in 2015. The Canadian Mint sold 35.99 times more silver than gold in 2015. Gold sales at the Canadian Mint rose sharply in 2008 as a result of the financial crisis that year and have averaged about 1 million ounces a year since 2008. (see chart below).
Silver sales at the Canadian Mint have also risen since 2008, but while gold sales have plateaued, silver sales have skyrocketed, climbing from just one million ounces in 2005 to over 34 million ounces in 2015.
The sharp increase in silver sales generated a comment in the Mint’s annual reported: “Although activity in the silver and gold bullion markets have historically correlated, many investors have shifted to silver as the preferred investment over gold due to its affordability and the safety net provided by industrial demand“.
Gold Sales at the Royal Canadian Mint in 2015
In 2014, sales of Canadian Gold Maple Leaf coins fell to their lowest level since 2007. Canadian Mint gold sales roared back in 2015 and are up nearly 35% year over year in 2015 (953,000 ounces vs. 707,000 ounces).
The bulk of the Canadian Mint’s gold sales are in the form of one ounce Canadian Maple Leaf coins.
Canadian Gold Maple Leaf Coin
Description: Obverse: A recent picture of the Queen of England
Reverse: depiction of a maple leaf and the words “CANADA” “.9999” “Fine Gold 1 oz Or Pur”
Composition/Weight: 1 troy ounce (31.103 grams)/.9999 gold (24K)
Face value: $50
Designer: Susanna Blunt
Mint Location: Ottawa, Canada
Years Minted: 1979 – present
The Canadian Gold Maple Leaf was first minted by the Royal Canadian Mint in 1979. The Candian mint makes one once ounce gold Canadian Maple Leaf coins as well as 1⁄25 oz., 1⁄20 oz., 1⁄10 oz., 1⁄4 oz. and 1⁄2 oz. coins.
Compare Pricing and Shipping on Canadian Gold Maple Leaf Coins
You can compare Canadian Gold Maple Leaf coins for sale at these online dealers:
Golden Eagle Coin
Money Metals Exchange
Canadian Mint Gold Sales 2007 -2015
The Canadian Mint has averaged sales of over one milllion ounces of gold a year since 2008.
See Canadian Mint 2015 silver sales.
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