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Demand for Australian Lunar boosts bullion coin sales in September 2020

Topics [ Monthly Sales ]

Total ounces of gold and silver sold by The Perth Mint in September 2020 as coins and minted bars:

  - Gold (Au): 62,637 oz

  - Silver (Ag): 1,677,383 oz

The Perth Mint sold 1,677,383oz of silver coins and minted bars in September 2020, a 17.2% increase on the previous month and 24.2% ahead of sales in September 2019.

Despite a month-on-month decline of 7%, sales of gold coins and minted bars in ounces were more than 33% ahead of the same period last year.

Higher volumes were attributed to the launch of the Australian Lunar Gold, Silver and Platinum 2021 Coin Series during the month. One of the mainstays of Australia’s official Bullion Coin Program, the latest release celebrates the Year of the Ox, the second animal in the Chinese lunar calendar.

“We established the Lunar coin series back in 1996 and it has consistently been one of our most successful annual releases among both investors and collectors,” said Neil Vance, General Manager – Minted Products.

“We have an expansive network of international distributors for these coins who have ordered strongly again, especially in the United States and Germany where our brand is very well known.”

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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