The Perth Mint sold 29,883 ounces of gold in July, up 26.2% from 23,675 ounces sold in July 2017.
July gold sales at the Perth Mint rose 78% from June sales of 16,847 ounces.
Perth Mint gold sales outstripped the United States Mint gold sales in each of the first four months of 2018. During the first four months of 2018, the Perth Mint sold 108,691 ounces of gold or 129% more than the 47,500 ounces attributable to sales of one ounce American Gold Eagles coins during the same time period.
Perth Mint gold sales of 61,568 ounces from May-July continue to be solid. U.S. Mint gold sales of 71,500 one ounce American Gold Eagles have picked up and out paced Perth Mint gold sales during that period. Year to date through July 31, 2018, however, Perth Mint gold sales of 170,259 ounces outpaced sales of 119,000 one ounce American Gold Eagles.
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.
Perth Mint Gold Sales Continue at a Solid Pace in 2018, as American Gold Eagle Sales Strengthen
Global sales at the Perth Mint of 170,259 ounces through the end of July 2018 are down 16% from gold sales of 203,337 during the same period of 2017. U.S. Mint sales of one ounce American Gold Eagles through the end of July 2018 were 119,000 down 23% from sales of 155,000 during the same period of 2017. While Perth Mint gold sales were up 26% in July 2018 vs July 2017, sales of American Gold Eagle coins were up 133% from last July.
Perth Mint Gold Sales vs. U.S. Mint Gold Sales
American Gold Buffalo Sales Up Year Over Year
Sales of American Gold Buffalo coins in July 2018 were up 308% from 6,000 sold in June 2018.
Sales of one ounce American Gold Buffalo coins through the first seven months of 2018 were 78,000 up 8.3% from the 72,000 sold in the first seven months of 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.