September 2, 2014

Perth Mint Silver Bullion Sales Lifted by New Crocodile Coins

Saltwater Crocodile Silver coinIn the latest available figures, Perth Mint gold and silver bullion sales rebounded from the low levels of the prior month. Silver sales seem to have been buoyed by the release of the Australian Saltwater Crocodile 1 oz Silver Bullion Coins.

For the month of May 2014, sales of silver sold as coins and minted bars reached 630,349 troy ounces. This represented a strong gain from the prior month when sales had reached 361,988. It was also up compared to the year ago period when sales measured 587,455 ounces.

During the month, the Perth Mint had released the Australian Saltwater Crocodile 1 oz Silver Coins, adding to the other animal themed bullion coins available. A maximum mintage of 1 million pieces was established for the release, with the coins packaged in protective tubes containing a new tamper evident security seal.

The issue received a warm reception from precious metals investors and collectors, with the Perth Mint indicating the receipt of committed orders for the full mintage in less than three weeks. A portion of the mintage is still pending manufacture and delivery.

Monthly Perth Mint Bullion Sales in Troy Ounces
Gold Silver
January 2014 64,818 912,388
February 2014 47,003 392,088
March 2014 30,177 545,165
April 2014 23,461 361,988
May 2014 36,127 630,349
Total 201,586 2,841,978

Sales of gold as coins and minted bars reached 36,127 ounces for May 2014. This represented a gain from the prior month when sales dipped to a low of 23,461 ounces. The latest monthly sales remain far below the sales level of 86,983 from the year ago period of May 2013.

For the year to date, silver sales have reached 2,841,978 ounces and gold sales have reached 201,586. Both levels trail the sales figures from the comparable year ago period which were 358,577 ounces of gold and 3,194,963 ounces of silver.

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Comments

  1. I bought one of these silver crocs as did several of my friends. At the time I picked them up, they actually had a lower premium than silver eagles and maples on APMEX. They were a good buy.

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