During the month of August 2013, gold bullion sales at the Perth Mint of Australia declined to the lowest monthly level of the year. Silver bullion sales remained brisk, far surpassing the level of the year ago period.
The situation is similar to what was seen at the United States Mint during the month. Sales of their flagship American Gold Eagle bullion coins fell to a six year low, while silver bullion sales remained robust. The drop in gold sales was attributed to seasonality and the impact of several large liquidations on the secondary market.
At the Perth Mint, sales of gold as coins and minted products for August 2013 was 30,430.10 troy ounces. This amount represented a decline both from the prior month when 56,488.25 ounces were sold and the year ago period when sales were 37,196.86.
For the year to date, gold sales have reached 492,543.27 ounces.
|Perth Mint Bullion Sales in Troy Ounces|
Perth Mint sales of silver as coins and minted products reached 691,258.63 troy ounces during the month. This was down slightly from the prior month, but more than double the monthly sales from the year ago period. In August 2012, silver sales were 338,945.22 ounces.
For the year to date, silver sales have reached more than 5 million ounces.
In September, sales will likely see a boost from the release of the 2014-dated coins for the Australian Lunar series gold and silver coins and the Australian Kookaburra silver coins. Purchasers are typically eager to obtain the newly designed bullion coins, particularly those which are subject to limited mintages.