Perth Mint Sales – October 2015

Perth Mint Sales.

Perth Mint silver and gold sales October 2015.

October Perth Mint silver sales of 1,751,898 ounces were up 167% year over year.

New Silver Kangaroo bullion coin continues to drive massive silver sales.

Perth Mint gold sales were up 21% in October year over year.

The Perth Mint Australia

Silver Sales at the Perth Mint in October 2015.

The Perth Mint sold 1,751,898 ounces of silver in October up 167% from 655,881 ounces sold in October 2014. Silver sales in October were down 50% from September’s record sales of 3,530,000 ounces.

Through October 2015 year to date, the Perth Mint has sold 9,547,228 ounces of silver.

Neil Vance, Group Manager of Minted Products remarked on the Perth Mint Blog:

“In October, our ability to supply silver coins returned to volumes dictated by standard weekly manufacturing capacity. As demand remained extremely strong, we had to allocate coins to clients worldwide. October’s sales graph reflects the number of silver coins we were able to deliver given current capacity, rather than the actual demand we experienced.”

Silver sales at the U.S. Mint declined slightly in October from September due to reduced Authorized purchaser allocations. The U.S. Mint sold 3,788,000 one ounce American Silver Eagles (ASEs) down from 3,804,500 ASEs sold in September. ASE sales set monthly sales records June, July and August 2015 despite U.S. Mint production halts and allocations.

The Perth Mint Silver Kangaroo.

perth mint silver kangaroo coins

Buy Perth Mint Silver Kangaroo coins from JM Bullion

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 two months the Perth Mint has sold 5,281,898 ounces of silver, more than they sold from December 2014-August 2015.

Perth Mint Silver Sales October 2014 – October 2015

Perth Mint silver sales chart 2014-2015

Perth Mint silver sales continued 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
JM Bullion
Money Metals Exchange

The Perth Mint Australia

Gold Sales at the Perth Mint in October 2015

The Perth Mint sold 66,951 ounces of gold in October up 21% year over year from 55,350 ounces sold in October 2014.

Gold sales at the Perth Mint in October were essentially flat from September’s sales of 67,313 ounces.

Sales of American Gold Eagles at the U.S. Mint fell in October from September. In October 2015, the U.S. Mint sold 26,000 one ounce American Gold Eagle coins down 74% from 98,500 sold in September 2015.

Perth Mint Gold Sales October 2014- October 2015

Perth mint gold sales chart 2014 -2015

Perth Mint gold sales were strong again in October.

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 3,788,000 one ounce American Silver Eagle coins and 26,000 one ounce American Gold Eagle coins in October 2015 for a silver to gold sales ratio of 145.69 to 1.

The Perth Mint sold 1,751,898 ounces of silver and 67,313 ounces of gold in October 2015 for a silver to gold sales ratio of 26.1 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 welll over 70 to 1 during October, 2015.

gold silver ratio one month chart OCtober 2015

The gold silver ratio has remained elevated for much of 2015.

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Perth Mint sales data: The Perth Mint Blog

Buy Gold Online

Further Reading:

Perth Mint Sales (monthly archive)

Canadian Mint Sales (quarterly and annual archives)

US Mint Sales (monthly archive)

Is there a silver shortage?

Gold and Silver Sales at the U.S. Mint in 2014

Gold Suppy and Demand

Silver Supply and Demand

The Silver To Gold Sales Ratio (including links to updated monthly data)

12 Ways Silver is Different Than Gold

Silver and Real Estate

Silver Supply and Demand

The Importance of Gold to Nations and Individuals

Gold Supply and Demand

Gold in India

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