Silver sales at the Perth Mint in January were 1,230,867 ounces up 186% from December 2016 sales of 430,009 ounces.
January Perth Mint silver sales were the sixth month in twelve that sales topped one million ounces.
Year over year January 2017 Perth Mint silver sales fell 16.5% from January 2016 sales of 1,473,408 ounces.
Gold Sales at the Perth Mint in December Were Up 58% from December 2015
Silver Sales at the Perth Mint in January 2017.
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Perth Mint vs. U.S. Mint Silver Sales
Silver sales at the U.S. Mint in January rose 2036%! The U.S. Mint sold just 240,000 one ounce American Silver Eagles in December, down 90% from 2,333,500, sold in December 2015.
The Perth Mint Silver Kangaroo.
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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.
Is the Australian Silver Kangaroo Bouncing Back?
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.
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 – January 2017
Click to see other Perth Mint Silver Coins from the Lunar Series
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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
Not sure? Check out the Smaulgld Silver Coin Buying Guides to see more information and mintages on each coin.
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