June Perth Mint silver sales of 1,220,817 ounces were up 217% year over year.
Silver Kangaroo bullion coin continues to drive elevated silver sales.
June sales of over 1.22 million ounces were the nine month out of ten that the Perth Mint sold over one million ounces of silver
Silver Sales at the Perth Mint in June 2016.
The Perth Mint sold 1,220,817 ounces of silver in June 2016 up 217% from 384,586 ounces sold in June 2015. Silver sales in June 2016 were up 25% from May 2016 sales of 974,865 ounces. May was the first month since the Australian Silver Kangaroo coin was introduced in September 2015 that the Perth Mint did not sell one million ounces of silver. June marked the 9th month out of ten that the Perth Mint sold over one million ounces of silver.
Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint were 2,837,500 ounces in June, down 41% from last June. In May 2016, The U.S. Mint sold 4,498,500 one ounce American Silver Eagles (ASEs) up 122% from 2,023,500 ASEs sold in May 2015.
The Perth Mint Silver Kangaroo.
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.
Perth Mint Silver Sales June 2015 – June 2016
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