Perth Mint Silver Sales Top One Million Ounces For the Six Month In A Row.
February Perth Mint silver sales of 1,049,062 ounces were up 168% year over year.
Silver Kangaroo bullion coin continues to drive massive silver sales.
February Perth Mint gold sales of 37,063 ounces were up 15.9% year over year.
Silver Sales at the Perth Mint in February 2016.
The Perth Mint sold 1,049,062 ounces of silver in February 2016 up 168% from 392,114 ounces sold in February 2015. Silver sales in February 2016 were down 29% from January 2016 sales of 1,473,408 ounces.
Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint were nearly five million ounces in February. In February 2016, The U.S. Mint sold 4,782,000 one ounce American Silver Eagles (ASEs) up 58% from 3,022,000 ASEs sold in February 2015.
The Perth Mint Silver Kangaroo.
Buy Perth Mint Silver Kangaroo coins from JM Bullion
In September 2015, the Perth Mint reacted to the silver shortages at the U.S. and Canadian Mints by introducing a new silver bullion coin that would be not be of limited mintage, but rather would be minted in such quantities to meet demand – the Silver Australian Kangaroo one ounce coin.
The new coin was an immediate hit. In six months (September 2015- February 2016) the Perth Mint has sold 10,033,067 ounces of silver, up 170% from the period of September 2014 – February 2015 when 3,720,354 ounces of silver were sold.
Perth Mint Silver Sales February 2015 – February 2016
Perth Mint silver sales continue to hop along off the back of the new silver Australian Kangaroo coin.
Compare Perth Mint Silver Kangaroo Coins for sale at these online bullion dealers:
Golden Eagle Coin
Money Metals Exchange
Gold Sales at the Perth Mint in February 2016
The Perth Mint sold 37,063 ounces of gold in February 2016 up 16% year over year from 31,981 ounces sold in February 2015.
Gold sales at the Perth Mint in February 2016 were down 22% from January 2016 sales of 47,759 ounces.
Perth Mint vs. U.S. Mint Gold Sales
Sales of American Gold Eagles at the U.S. Mint rose sharply in February 2016 from February 2015. In February 2016, the U.S. Mint sold 67,500 one ounce American Gold Eagle coins up 440% from 12,500 sold in February 2015.
Perth Mint Gold Sales 2015 – 2016
Perth Mint gold sales rose in February 2016 year over year.
Silver to Gold Sales Ratios at the U.S. and Perth Mints
The U.S. and Perth Mints had been selling proportionally increasing amounts of silver to gold.
The U.S. Mint sold 4,782,000 one ounce American Silver Eagle coins and 67,500 one ounce American Gold Eagle coins in February 2016 for a silver to gold sales ratio of 70.84 to 1.
The Perth Mint sold 1,049,062 ounces of silver and 37,063 ounces of gold in February 2016 for a silver to gold sales ratio of 28.3 to 1.
The Gold Silver Ratio
In contrast, to the silver to gold sales ratio, the gold silver ratio measures how many ounces of silver it takes to buy one ounce of gold.
The gold silver ratio was well over 80 to 1 during February 2016.
The gold silver ratio rose to over 80:1 in February 2016.
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