The Perth Mint sold 62,554 ounces of gold in September, up 34.7% from 46,415 ounces sold in September 2017.
September gold sales at the Perth Mint rose 61% from August sales of 38,904 ounces.
Gold reported sold by the Perth Mint excludes sales of cast bars and sales of allocated/unallocated precious metal for storage held for clients at the Perth Mint.
U.S. Mint and Perth Mint Gold Sales Continue to Accelerate
Perth Mint September gold sales of 62,554 ounces outstripped the United States Mint gold sales of 14,500 one ounce American Gold Eagles in September and in five other months in 2018. Perth Mint gold sales were 61,568 ounces from May-July, while U.S. Mint gold sales of one ounce American Gold Eagles of 71,500 outpaced Perth Mint gold sales during that period.
Despite the pick up in U.S. Mint sales in recent months, during the first nine months of 2018, the Perth Mint has sold 271,655 ounces of gold or 79.9% more than the 151,000 ounces attributable to sales of one ounce American Gold Eagles coins during the same time period.
Global sales at the Perth Mint of 271,655 ounces through the end of September 2018 are essentially flat from gold sales of 272,882 during the same period of 2017. U.S. Mint sales of one ounce American Gold Eagles through the end of Sepetmber 2018 were 151,000 down 11.3% from sales of 170,000 during the same period of 2017.
While Perth and U.S. Mints sales gold sales are lower through September 2018 as compared to sales through September 2017, both mints have increased gold sales the past five months. Perth Mint gold sales were up 34% in September 2018 vs September 2017 and September 2018 sales of American Gold Eagle coins were up 123% from September 2017.
Perth Mint Gold Sales vs. U.S. Mint Gold Sales
American Gold Buffalo Sales Up Year Over Year
Sales of 11,000 American Gold Buffalo coins in September 2018 were up 633% from 1,500 sold in September 2017.
Sales of one ounce American Gold Buffalo coins through the first nine months of 2018 were 109,000, greater than the entire annual sales of 99,500 American Gold Buffalo coins in 2017.
Perth Mint Gold For Sale
The bulk of the Perth Mint retail gold sales are in the form of Australian Gold Kangaroo coins. The Gold Australian Kangaroo is available in 1/10 ounce ($15 face value), 1/4 ounce ($25),1/2 ounce ($50) and one ounce ($100) sizes from BGASC.com.
All Australian Gold Kangaroo coins are IRA eligible.
About the Perth Mint:
The Perth Mint, located in Western Australia, is historically known for its gold sales. Australia ranks third in global gold production and has about ten percent of the world’s known gold reserves. Many of Australia’s gold mines are located in Western Australia where the Perth Mint was founded in 1899.
As a full service government mint, the Perth Mint produces legal tender gold and silver coins that are not intended, however, for general circulation. Australia’s general circulation coins are produced by the Royal Australian Mint. The Perth Mint focuses on minting precious metal bullion and collector coins and bars.
The Perth Mint has been refining about 300 and 400 tons of gold and silver each year and also supplies gold and silver blanks to other government mints. As a major producer of silver blanks, the Perth Mint has not experienced any production halts during the past year.
Perth Mint gold sales data: The Perth Mint Blog
US Mint American Gold Eagle sales – USmint.gov
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.