The Perth Mint of Australia has announced their latest sales figures for gold and silver sold as coins and minted products. During September 2012, sales for both metals surged to their highest levels since the start of monthly reporting. The higher sales were undoubtedly driven by the release of the new designs for popular series of gold and silver bullion coins.
Sales of silver coins and minted products rose to 1,251,580.06 troy ounces, up 269% from the prior month and more than doubling the previous highest reported monthly amount from March.
The sales for gold coins and minted products rose to 81,095.13 troy ounces, representing an increase of 118% from the prior month. This eclipsed the previous highest monthly reported amount from June.
Year ago comparisons are not available, since the Perth Mint only began reporting monthly sales levels in March of 2012.
2012 Perth Mint Bullion Sales in Troy Ounces
The burst of sales can be attributed to the release of new 2013-dated gold and silver bullion coins on September 3, 2012. On that date, the 2013 Year of the Snake coins went on sale with gold bullion coins available in sizes ranging from 1/20 ounce to 1 kilo and silver bullion coins available in sizes ranging from 1/2 ounce to 1 kilo. For both metals, a 10 kilo sized coin will be available at a later date. Sales also began for the 2013 Australian Kookaburra silver bullion coins available in 1 kilo, 10 ounce, and 1 ounce sizes.
The United States Mint, which also publicly provides sales figures for gold and silver bullion coins, experiences a similar increase in sales when their newly dated coins are released in January of each year. For example, at the start of this year American Silver Eagle sales jumped to 6,107,000 in January compared to 2,009,000 in the previous month.
The Perth Mint produces other bullion coin lines with the Australian Kangaroo gold coins just released on October 1, 2012 and the Australian Koala silver coins scheduled for release on November 5, 2012.