Perth Mint sold more gold and silver in July

The Australian Perth Mint has significantly more gold and silver in July Sold than in previous months. Gold sales rose to 51,088 troy ounces, the highest level since October 2014. The silver investment coins of the Perth Mint were also popular, with a total of 746,700 troy ounces rolling off the production line. That was the highest volume in a month since November last year.

Compared to the month of June, the mint managed to sell almost 65% more gold and even 91% more silver. Investors from all over the world saw the decline in the Gold price and the silver price as a good time to get in. The price of gold in dollars reached its lowest level in more than five years, while silver has not been as cheap in six years as it is now.

Since March 2012, the Perth Mint has been keeping track of how much gold and silver it sells each month. We have collected these figures and made them transparent. This shows that the volumes of gold and silver are lower this year than in previous years, despite the fact that the price per troy ounce is now much lower than in 2012 and 2013.

Sell Gold Coins Perth Mint

In the first seven months of this year, the Perth Mint sold a total of almost 220,000 troy ounces of gold. That is about 15% less than this time last year and more than 52% less than in record year 2013. From January to July, the Australian mint sold more than 3.55 million troy ounces of silver, which is about 11% less last year and more than 20% less than in record year 2013.

The sales figures of the Perth Mint are fairly similar to those of the American mint, the US Mint. There, too, sales of both gold and silver rose in the past month.

Sell silver at the Perth Mint

About the Perth Mint

The history of the Perth Mint begins in 1899, when the British Royal Mint opened an Australian branch. In this way, the gold from Australian gold mines could be melted down directly into gold British pounds from the British Empire. Today, the Perth Mint mainly melts gold bars and silver bars for the Asian market and produces limited-edition investment coins for the global market.

The Perth Mint is best known to silver investors from the kilo coins, such as the Koala, the Kookaburra and the Lunar. These coins appear every year with a new design and are especially popular with collectors. But due to the VAT margin scheme, these silver kilo coins are considerably cheaper to purchase than silver bars, which are taxed with 21% VAT. Also Hollandgold has this Silver Coins included in its product range.