BULLION BARS AND COINS
There has been a surge in wholesale demand for Australian Kangaroo
gold bullion coins.
Since being released on 1 October, sales for 2013 Kangaroos are 35% ahead of sales of 2012 Kangaroos at this time last year.
Combined sales of all 2013 Kangaroo denominations (1kg, 1oz 1/2oz, 1/4oz, 1/10oz) performed even stronger - up 40% on the number of 2012-dated coins sold at this stage 12 months ago.
We’re getting more interest from North America as well as Asia. In line with this week’s reports of strong physical demand in China, we’ve just secured major Kangaroo orders from distributors in Hong Kong, Taiwan and Singapore.
Compared to last year’s phenomenal Year of the Dragon, sales of 2013 Australian Lunar – Year of the Snake gold coins are not as strong.
However, demand for the Kangaroo and Lunar series combined puts us clearly ahead of this time last year.
We have also achieved greater market share. According to the latest quarterly data from Thomson Reuters GFMS, The Perth Mint’s share of the worldwide gold bullion coin market has risen from 7% to 13%.
The Perth Mint manufactures the Australian Government’s official bullion coin program. Our coins stand out from other bullion coins due to their superior ‘reverse proof’ quality and annual design changes