Perth Mint January 2014 Gold and Silver Bullion Sales

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
	Gold	Silver
January 2013	65,684	670,544
February 2013	44,049	426,319
March 2013	50,356	408,179
April 2013	111,505	1,102,466
May 2013	86,984	587,455
June 2013	47,048	588,630
July 2013	56,488	697,247
August 2013	30,430	691,259
September 2013	68,488	961,977
October 2013	77,255	821,580
November 2013	52,700	807,246
December2013	58,944	845,941
January 2014	64,818	912,388

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.