Perth Mint Gold Bullion Sales Notch Record in February - The Daily Coin

Perth Mint Gold Bullion Sales Notch Record in February – The Daily Coin

Perth Mint Gold Bullion Sales Notch Record in February By CoinNews.net

Australian bullion sales rallied to milestone levels in February, the latest figures from The Perth Mint of Australia show.

Their gold sales scored a monthly record, the Mint confirmed, and their silver sales ranked second highest for a month according to CoinNews tracking data which dates back to February 2013.

The Mint’s bullion sales gains happened against a backdrop of plunging precious metals with LBMA prices in February sinking 6.5% for gold and dropping 2.7% for silver.

Bullion Sales in February 2021

Perth Mint sales of gold coins and gold bars tallied to 124,104 ounces last month, posting gains of 63.1% from January and a whopping 441.4% from February 2020.

“TO MEET DEMAND WE STREAMLINED MANUFACTURING TO FOCUS ON PRODUCTS THAT ARE HOT IN THE US RIGHT NOW, INCLUDING OUR KANGAROO MINTED GOLD BARS MADE IN 1OZ AND 10OZ FORMATS,” SAID NEIL VANCE, GENERAL MANAGER MINTED PRODUCTS. “IT WAS ALSO A STRONG MONTH FOR OUR SIGNATURE AUSTRALIAN KANGAROO 1OZ GOLD COIN AND THE LATEST DRAGON 1OZ GOLD RECTANGLE COIN WHICH SOLD THROUGH ITS LUCKY 8,888 MINTAGE IN RECORD TIME.”

Their year to date gold sales at 200,207 ounces are 181.1% higher than the 71,220 ounces sold during the first two months of last year.

February sales of the Mint’s silver coins and silver bars reached 1,830,707 ounces, logging gains of 57.4% from January and a massive 202.3% from February 2020. The only better month for their silver sales was September 2015 at 3,349,557 ounces.

Perth Mint silver sales for the year so far at 2,993,591 ounces are 45.6% stronger than the 2,055,951 ounces sold through the same period last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from February 2020 to February 2021. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
February 2021 1,830,707 124,104
January 2021 1,162,884 76,103
December 2020 941,767 76,806
November 2020 1,119,296 84,158
October 2020 1,228,713 38,367
September 2020 1,677,383 62,637
August 2020 1,431,036 67,462
July 2020 1,567,900 56,104
June 2020 1,573,752 44,371
May 2020 997,171 63,393
April 2020 2,123,121 120,504
March 2020 1,736,409 93,775
February 2020 605,634 22,921

This content was originally published here.

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