Silver sales at the Perth Mint in February were 502,353 ounces down 59% from January 2017 sales of 1,230,867 ounces.
Year over year February 2017 Perth Mint silver sales fell 52.1% from February 2016 sales of 1,049,062 ounces.
Gold Sales at the Perth Mint in February Were Down 32% from February 2016.
Silver Sales at the Perth Mint in February 2017.
Check out all the Smaulgld podcasts here.
Please consider making a small donation to Smaulgld.com. Thanks!
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
Click to see other Perth Mint Silver Coins from the Lunar Series
Silver Sales Fall in February
The Perth Mint sold 502,353 ounces of silver in February 2017 down 59% from 1,230,867 ounces sold in January 2017. Silver sales in February 2017 fell 16.6% from February 2016 sales of 1,049,062 ounces.
From September 2015 through April 2016 the Perth Mint sold over a million ounces of silver for eight months in a row. The Perth Mint also sold over one million ounces of silver in June, September and October 2016. January 2017 silver sales over one million marked the first time since September and October 2016 that the Perth Mint sold over one million ounces in a month.
Silver sales at the Perth Mint fell dramatically in July and August (see chart below). The Perth Mint attributed the lower sales in July and August to the “trend for lower volumes reported by precious metal businesses worldwide.” Sales of American Silver Eagle coins also fell sharply in July and August.
In February the Perth Mint added this note regarding lower sales – “Growing confidence in the prospect of improving economic conditions has seen increased demand for alternative assets at the expense of precious metals.”
Something to Crow About
Silver sales rebounded in September and October in part due to strong demand for the newly released 2017 Australian Silver Rooster. The Australian Silver Rooster coin is part of the Perth Mint’s popular Lunar Series that features lunar calendar images each year.
Sales of silver were not impacted positively by sales of silver rooster coins the last two months of 2016 as the Perth Mint announced that the maximum worldwide mintage of 300,000 had sold out during November. January and February 2017 sales were most likely driven by 2017 Australian Silver Kangaroo coins.
Click to buy!
Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint in February fell 75% The U.S. Mint sold 1,215,000 one ounce American Silver Eagles in February, from 4,782,000 sold in February 2016.
The Perth Mint Silver Kangaroo.
Buy Perth Mint Silver Kangaroo coins from JM Bullion
Donate To Smaulgld.com via paypal
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 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.
The Australian Silver Kangaroo
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.” In August 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.”
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 significant decline of 47% from August 2015 sales. While September silver sales at the Perth Mint increased, the mint noted that boost in sales was due in part to the release of the Australian Silver Rooster coins. October and November sales probably reflected continued strong sales of the silver rooster and kangaroo coins. Since the Australian Silver Rooster coin sold out in November, silver sales at the Perth Mint in reflect largely sales of the Australian Silver Kangaroo coins as well as sales of silver Koala and Kookaburra silver coins.
Lower silver sales at the Perth Mint year over year and recent months and surging gold sales might reflect a trend away from silver and towards gold.
Perth Mint Silver Sales January 2014 – February 2017
Click to see other Perth Mint Silver Coins from the Lunar Series
Donate To Smaulgld.com via paypal
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
Not sure? Check out the Smaulgld Silver Coin Buying Guides to see more information and mintages on each coin.
Check out all the Smaulgld podcasts here.
Please consider making a small donation to Smaulgld.com. Thanks!
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:
