May Perth Mint silver sales of 974,865 ounces were up 189% year over year.
Silver Kangaroo bullion coin continues to drive elevated silver sales.
Silver Sales at the Perth Mint in May 2016.
The Perth Mint sold 974,865 ounces of silver in May 2016 up 189% from 337,511 ounces sold in May 2015. Silver sales in May 2016 were down 16% from April 2016 sales of 1,161,766 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.
Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint were nearly four and a half million ounces in April. 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.
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 nine months (September 2015- May 2016) the Perth Mint has sold 13,925,936 ounces of silver, up 169% from the period of September 2014 – May 2015 when 5,168,675 ounces of silver were sold.
Perth Mint Silver Sales May 2015 – May 2016
Perth Mint silver sales of 974,865 were the lowest since the Australian Silver Kangaroo coin was introduced in September 2015.
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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
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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
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