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This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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Gold bullion sales bounce on launch of new Kangaroo coins in November

The Perth Mint shipped 84,158 ounces of gold coins and minted bars in November 2020, an increase of 119% on the previous month and 55% ahead of November 2019.

The strong performance was the result of a significant increase in demand from The Perth Mint’s international wholesale customers, particularly in Germany. According to Neil Vance, General Manager – Minted Products, demand also benefitted from the release of the 2021 Australian Kangaroo Gold Bullion Coin Series mid-way through the month.

“The launch of the Kangaroo coincided perfectly with the onset of lower gold prices in the back half of November, presenting our wholesale and retail clients with a great opportunity to secure the new coins,” he said.

Demand for Perth Mint silver bullion remained robust. Like last month, however, manufacturing capacity was affected by unavoidable repair and maintenance to machinery in the factory. In a month further impacted by a two-day stock take, silver shipments were a marginal 8.9% lower at 1,119,269 ounces compared to October, but ahead 8.9% compared to a year ago.

Ounces of gold and silver sold in November 2020 as coins and minted bars
Gold (Au): 84,158 oz   |   Silver (Ag): 1,119,296 oz

NB The above chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository

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