The Perth Mint’s latest monthly sales figures for gold and silver sold as coins and minted products achieved modest increases when compared to the prior month. When compared to the year ago period, silver sales were up sharply.
As opposed to the United States Mint, the Perth Mint of Australia does not tend to experience as significant a jump in sales for the first month of the year. This is due to the fact that the majority of 2014-dated bullion coins are first made available for sale in September of the preceding year. Across the available monthly sales data, this is when the seasonal spikes in demand have tended to take place.
For the month of January 2014, sales of gold coins and minted products reached 64,818 troy ounces. This was an increase from the previous month when sales had totaled 58,944 ounces. However, the latest total represented a slight decline from the year ago period of January 2013 when sales had reached 65,684 ounces.
|Monthly Perth Mint Bullion Sales in Troy Ounces|
Sales of silver coins and minted products reached 912,388 ounces for January 2014. This amount was up from the prior month when sales had totaled 845,941. The amount is up by 36.1% compared to the year ago period of January 2013 when sales had reached 670,544 ounces.
Silver bullion sales may have been positively impacted by the initial release of the 2014 Australian Lunar Year of the Horse 5oz Silver Bullion Coins during the month. The other sizes for the issue had been released in September 2013, however the release of the 5oz size had been reportedly delayed due to a surge in demand for large bullion coins.