Perth Mint Silver Sales Top One Million Ounces For the Six Month In A Row

February Perth Mint silver sales of 1,049,062 ounces were up 168% year over year.
Silver Kangaroo bullion coin continues to drive MASSIVE silver sales…

 

Submitted by Smaulgld:

February Perth Mint gold sales of 37,063 ounces were up 15.9% year over year.


Silver Sales at the Perth Mint in February 2016.

The Perth Mint sold 1,049,062 ounces of silver in February 2016 up 168% from 392,114 ounces sold in February 2016. Silver sales in February 2016 were down 29% from January 2016 sales of 1,473,408 ounces.

Perth Mint vs. U.S. Mint Silver Sales

Silver sales at the U.S. Mint were nearly five million ounces in February. In February 2016, The U.S. Mint sold 4,782,000 one ounce American Silver Eagles (ASEs) up 58% from 3,022,000 ASEs sold in February 2015.

The Perth Mint Silver Kangaroo.

perth mint silver kangaroo coins

In September 2015, the Perth Mint reacted to the silver shortages at the U.S. and Canadian Mints by introducing a new silver bullion coin that would be not be of limited mintage, but rather would be minted in such quantities to meet demand – the Silver Australian Kangaroo one ounce coin.

The new coin was an immediate hit. In six months (September 2015- February 2016) the Perth Mint has sold 10,033,067 ounces of silver, up 170% from the period of September 2014 – January 2015 when 3,720,354 ounces of silver were sold.

Perth Mint Silver Sales February 2015 – February 2016

perth mint silver sales january 2015 - 2016

Gold Sales at the Perth Mint in February 2016

The Perth Mint sold 37,063 ounces of gold in February 2016 up 16% year over year from 31,981 ounces sold in February 2015.

Gold sales at the Perth Mint in February 2016 were down 22% from January 2016 sales of 47,759 ounces.

Perth Mint vs. U.S. Mint Gold Sales

Sales of American Gold Eagles at the U.S. Mint rose sharply in February 2016 from February 2015. In February 2016, the U.S. Mint sold 67,500 one ounce American Gold Eagle coins up 440% fro m12,500 sold in February 2015.

Perth Mint Gold Sales 2015 – 2016

perth mint gold sales 2015 - 2016 february

Silver to Gold Sales Ratios at the U.S. and Perth Mints

The U.S. and Perth Mints had been selling proportionally increasing amounts of silver to gold.

The U.S. Mint sold 4,782,000 one ounce American Silver Eagle coins and 67,500 one ounce American Gold Eagle coins in February 2016 for a silver to gold sales ratio of 70.84 to 1.

The Perth Mint sold 1,049,062 ounces of silver and 37,063 ounces of gold in October 2015 for a silver to gold sales ratio of 28.3 to 1.

The Gold Silver Ratio

In contrast, to the silver to gold sales ratio, the gold silver ratio measures how many ounces of silver it takes to buy one ounce of gold.

The gold silver ratio was well over 80 to 1 during February 2016.

Gold silver ratio February 2016

10 oz Silver Sunshine Mint Bars