The Perth Mint sold 401,999 ounces of gold in 2018, up 9.2% from 368,410 ounces sold in 2017.
Sales of gold at the Perth Mint through February 2019 are already at 50,713 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.
Perth Mint Gold Sales Continue to Accelerate
Perth Mint gold sales grew 9.1% in 2018, on the strength of strong second half sales that continued into 2019.
Perth Mint September gold sales of 401,999 ounces outstripped the United States Mint gold sales of 191,000 one ounce American Gold Eagles in 2018. The Perth Mint also out sold the U.S. Mint in 2017 selling 368,410 ounce of gold vs 302,000 ounces of American Gold Eagle coins of all sizes.
Perth Mint Gold Sales vs. U.S. Mint Gold Sales
Gold sales at the Perth Mint have been relatively consistent since 2014.
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.