August Perth Mint silver sales of 376,467 ounces were down 46% from 693,447 ounces sold in July and down 69% from June sales of 1,220,817 ounces.
Silver sales at the Perth Mint in August were down 47% year over year from August 2015 sales of 707,656.
Perth Mint: lower sales in August ‘reflected the trend for lower volumes reported by precious metal businesses worldwide.’
August silver sales were the lowest since the silver Australian Kangaroo coin was introduced in September 2015.
Silver Sales at the Perth Mint in August 2016.
The Perth Mint sold 376,467 ounces of silver in August 2016 down 47% from 707,656 ounces sold in August 2015. Silver sales in August 2016 were down 46% from July 2016 sales of 693,447 ounces. August silver sales were the lowest since the Australian Silver Kangaroo coin was introduced in September 2015 and the lowest since May 2015.
Silver sales in July 2016 were also lower that July 2015 sales, a month that did not benefit from sales of the Australian Silver Kangaroo coins that had not yet been introduced.
Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint also fell sharply in August. The U.S. Mint sold1,280,000one ounce American Silver Eagles in August, down 74% from last August.
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 ten months (September 2015- June 2016) the Perth Mint has sold 15,146,753 ounces of silver, up 173.4% from the period of September 2014 – June 2015 when 5,553,261 ounces of silver were sold.
Is the Australian Silver Kangaroo Sales Bounce Over?
July 2016 silver sales did not reflect a boost from the the Silver Australian Kangaroo as silver sales were lower 7% than last July.. August 2016 silver sales reflected a signficant decline of 47% from August 2015 sales.
The Perth Mint noted after lower sales in July: “Slower summer sales in North America where distributors reported they were well stocked with product impacted Australian gold and silver minted products during July.” This month the Perth Mint noted “A decline in sales of Australian precious metal minted products for physical delivery in August reflected the trend for lower volumes reported by precious metal businesses worldwide.”
Perth Mint Silver Sales August 2015 – August 2016
The Perth Mint sold 376,467 ounces of silver in August 2016, down 89% from the peak in September 2015.
Sign Up For Smaulgld.com Updates Here!
Compare prices and shipping of Perth Mint Silver Kangaroo Coins for sale at these online bullion dealers:
BGASC.com
Golden Eagle Coin
JM Bullion
Money Metals Exchange
See Perth Mint July Gold Sales
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com for free to receive gold and silver updates.
Perth Mint sales data: The Perth Mint Blog
Further Reading:
Perth Mint Sales (monthly archive)
Canadian Mint Sales (quarterly and annual archives)
US Mint Sales (monthly archive)
Gold and Silver Sales at the U.S. Mint in 2014
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM bullion, BGASC, Golden Eagle Coin, Money Metals Exchange, Perth and Royal Canadian Mint ads on the site.
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
