Top Three Sovereign Mints, The U.S., Canadian and Perth Mint report collective first quarter 2016 gold sales up 54%
U.S. Mint gold sales rose 97% in the first quarter.
The U.S., Canadian and Perth Mints sold over 650,000 ounces of gold in the first quarter.
First Quarter 2016 Gold Sales
The Royal Canadian Mint released its first quarter 2016 report last week. The report showed that the Royal Canadian Mint first quarter 2016 gold sales of 212,600 ounces were up 18.6% year over year from the first quarter 2015 sales of 179,100 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 305,500 ounces of gold in the first quarter of 2016, including American Gold Eagle coins and American Gold Buffalo coins , up 97% from 155,000 ounces sold in the first quarter of 2015.
The Perth Mint reported selling 132,770 ounces of gold in the first quarter of 2016 up 48% from 89,415 ounces sold in the first quarter of 2015.
Collectively, the U.S. Canadian and Perth Mints sold 650,870 ounces of gold in the first quarter up 54% from the first quarter of 2015 when the three mints sold 423,515 ounces.
The Perth, Canadian and U.S. Mints sold 650,870 ounces of gold in the first quarter of 2016.
2015 Gold Sales
The increase in quarterly gold sales in the first quarter of 2016, follow a collective increase in gold sales in 2015 at the Perth, Canadian and United States Mints. Collectively, the top three mint’s gold sales of 2,432,132 ounces in 2015 were up 26% from 1,925,709 ounces sold in 2014.
Each of the Perth, Canadian and Unites States Mints increased gold sales 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
See also: Top Three Sovereign Mint Silver Sales Grow 32% in The First Quarter
Canadian Mint Gold Sales
The Canadian Mint sold nearly 1 million ounces of gold again in 2015. The Canadian Mint has been averaging sales of about one million ounces of gold each year since 2008. Silver, however has become the preferred metal of Canadian Mint customers, prompting the Canadian Mint to remark in their 2015 annual report: “many investors have shifted to silver as the preferred investment over gold due to its affordability and the safety net provided by industrial demand.”
The Canadian Mint also sold a record 34.3 million ounces of silver in 2015 for a silver to gold sales ratio of 35.99 to 1.
The Canadian Mint has averaged sales of over one milllion ounces of gold a year since 2008.
Canadian Maple Leaf Gold 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
Compare Pricing and Shipping on Canadian Gold Maple Leaf Coins
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Perth Mint Gold Sales
The Perth Mint historically has sold a greater proportion of gold than silver compared to the other three mints. In 2015, that was reversed as gold sales fell 11% to 457,132 ounces and silver sales rose 56%.
The Perth Mint sold 11,775,927 ounces of silver for a silver to gold sales ratio of 25.76 to 1.
Perth Mint gold sales fell 11% in 2015.
Compare pricing and shipping on Perth Mint Gold coins for sale at these websites:
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1/10 Oz Australian Kangaroo Gold Coins – $145.45
from: Money Metals Exchange
United States Mint Gold Sales
U.S. Mint gold sales rose to over 1,022,000 ounces* in 2015, up 45% from sales of 702,000 in 2014. The U.S. Mint sold a record 47,000,000 one ounce American Silver Eagle coins in 2015 for a silver to gold sales ratio of 45.99 to 1, the highest silver to gold sales ratio of the four largest sovereign mints.
American Gold Eagle
Sales of one ounce American Gold Eagle coins rose in 2015.
Description: Obverse: the front of this coins shows Lady Liberty with long hair walking and holding a lit lantern in one hand and an olive branch in the other.
Reverse:the back shows an eage aloft clutching an olive branch above a nest, with “E Pluribus Unum” “In God We Trust” “1 oz fine gold” “50 Dollars”
Composition/Weight: (33.931 grams) .9167 gold,.03 silver .0533 copper (net weight 1 oz. gold)(22K)
Face value: $50
Designers: Augustus Saint-Gaudens (obverse) Miley Busiek (reverse)
Mint Locations:Philadelphia, Pennsylvania; West Point, New York
Years Minted: 1986-present
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
American Gold Buffalo
American Gold Buffalo sales 2006 – 2015
Description: Obverse: picture of a Native American in feather head dress
Reverse: picure of a Buffalo standing on a mound
Composition/Weight: .9999 fine gold/31.108 g (1.0001 troy oz*)
Face value: $50
Designer: James Earle Fraser
Mint Location: West Point, New York
Years Minted: 2006-present
Compare Pricing and Shipping on American Gold Buffalo Coins
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
* U.S. Mint gold sales include all American Gold Eagle and American Gold Buffalo coin sales.
See also The Big Four Sovereign Mint Silver Sales in 2015
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Sources
US Mint Sales
Canadian Mint Sales
Perth Mint Sales
Further Reading:
Canadian Mint Sales (quarterly and annual archives)
US Mint Sales (monthly archive)
Perth Mint Sales (monthly archive)
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