Perth Mint’s Soaring Silver Sales Capture the Attention of the Wall Street Journal

The Wall Street Journal Notes the Popularity of Perth Mint’s Silver Kangaroo Coin.

The Perth Mint Silver Kangaroo Coin Gets Silver Sales Hopping at the Perth Mint.

perth mint silver kangaroo coins

Perth Mint Silver Kangaroo coins have been a surprise best seller.

The Wall Street Journal took note of the soaring silver sales at the Perth Mint earlier this week. The sales increase is mostly due to the introduction of the Perth Mint’s Australian Silver Kangaroo one ounce silver coin.

According to the Wall Street Journal, Perth Mint’s Chief Executive Office Richard Hayes was taken aback by the initial demand for the new Silver Kangaroo coins. Mr. Hayes had expected that perhaps sales of the coin would be around five million during the first year of issuance and perhaps they would grow to seven and a half million the second year.

The new coin, however far exceeded Mr. Hayes expectations and was an immediate blockbuster. 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.

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.

Perth Mint Silver Sales May 2015 – May 2016

perth mint silver sales 2015 - 2016 May

Perth Mint silver sales of 974,865 were the lowest since the Australian Silver Kangaroo coin was introduced in September 2015.

Sign Up For Updates Here!

Perth Mint Sales Growth Exceeds the Sales Growth at the U.S. Mint

The Wall Street Journal noted that silver sales growth at the Perth Mint is outpacing that of the world’s largest producer of silver coins, United States Mint. While sales growth at the Perth Mint has exploded on a percentage basis, the Perth Mint is starting from a much smaller base. The United States Mint has sold a record amount of American Silver Eagles in each of the past three years and is on pace to do it again this year.

Sales of silver at the Perth Mint through May were 6,415,339 ounces, while sales of silver at the United States Mint were 23,413,000 ounces at the end of May.

Compare prices and shipping of Perth Mint Silver Kangaroo Coins for sale at these online bullion dealers:
Golden Eagle Coin
JM Bullion
Money Metals Exchange

Read more about the Wall Street Journal’s take on the Australian Silver Kangaroo and the Perth Mint here.

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

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support 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, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.

Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

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.

Post Navigation