Perth Mint Sales – September 2015

Perth Mint Sales.

Perth Mint silver and gold sales September 2015.

September Perth Mint silver sales of 3,530,000 ounces were up 366% year over year.

New Silver Kangaroo bullion coin drives massive sales.

Perth Mint gold sales were down 2.1% in September year over year.

The Perth Mint Australia

Silver Sales at the Perth Mint in September 2015.

The Perth Mint sold 3,530,000 ounces of silver in September up 366% from 756,839 ounces sold in September 2014.

September 2015 silver sales at the Perth Mint were up 399% from 707,656 ounces sold in August 2015.

Silver sales at the U.S. Mint were strong in September. The U.S. Mint sold 3,804,500 one ounce American Silver Eagles (ASEs) but the total was down from the 4,140,000 ASEs sold in September 2014. ASE sales set monthly sales records June, July and August 2015 despite U.S. Mint production halts and allocations. In September, however, the restrictive allocations curbed sales enough to prevent year over year sales growth.

Enter 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. By the end of September, Reuters reported that the Perth Mint had sold more than 2.5 million ounces of silver and had begun rationing silver kangaroo coins.

Today, Reuters Singapore noted that the Perth Mint had emailed a statement that it had sold a record 3.53 million ounces of silver coins in September.

Perth Mint Silver Sales January 2014 – September 2015

Perth Mint silver sales 2014-2015 chart

Perth Mint silver sales hopped nearly 400% 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 September 2015

The Perth Mint sold 67,313 ounces of gold in September down 2.1% year over year from 68,781 ounces sold in September 2014.

Sales of American Gold Eagles at the U.S. Mint rose in September from August. In September 2015, the U.S. Mint sold 98,500 one ounce American Gold Eagle coins up 25.5% % from 78,500 sold in August 2015 and up 95% from 50,500 American Gold Eagles sold in September 2014.

Perth Mint Gold Sales January 2014- September 2015

Perth mint gold sales chart 2014 -2015

Perth Mint gold sales spiked in September to near two year highs.

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 Perth Mint, however, until September had sold a much larger proportion of gold to silver than the U.S. Mint. Because of rationing of American Silver Eagles, the silver to gold sales ratio at the U.S. Mint has fallen from well over 100 to one to about 39 to 1 in September.

The U.S. Mint sold 3,804,500 one ounce American Silver Eagle coins and 98,500 one ounce American Gold Eagle coins in September 2015 for a silver to gold sales ratio of 38.62 to 1.

The Perth Mint sold 3,530,000 ounces of silver and 67,313 ounces of gold in September 2015 for a silver to gold sales ratio of 52.4 to 1. In August the silver to gold sales ratio at the Perth mint was 22.4 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 77 to 1 as of September 30, 2015.

gold silver ratio one month chart september 2015

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

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Perth Mint sales data:

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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