A wildly variable two months has shown some mixed fortunes and some real surprises.

Perth Mint gold sales are ballpark with both 2013 and 2014, October sales sitting bang centre of numbers from the last couple of years. The previous trend has been for November sales to taper off, but we’ll have to wait to see if 2015 follows that.

Perth Mint silver is the big star this month. The graph below should tell you everything, a picture of staggering sales quite unlike anything seen at the Perth Mint in recent years. September saw a near five-fold increase in sales of the mints collector-friendly portfolio of designs, led by the introduction of the new unlimited mintage Silver Kangaroo bullion coin. Sales dropped by almost half in October, but remained well above the levels usually attained. Comments  on the Perth Bullion Blog attributed the drop to “our ability to supply silver coins returned to volumes dictated by standard weekly manufacturing capacity. As demand remained extremely strong, we had to allocate coins to clients worldwide. October’s sales graph reflects the number of silver coins we were able to deliver given current capacity, rather than the actual demand we experienced.”  Hugely impressive stuff.

US Mint gold sales remained impressive in September, double last years, but dropped greatly in October, down to just 34,000 ounces, the lowest for the month for years.

In contrast to Perth, US Mint silver has dropped to its lowest numbers since May. Sales for the year to date are an impressive 40 million ounces, however, but it remains in stark contrast to Perth’s huge rise

The Royal Canadian Mint numbers for Q3 are not yet available.

Check out the graphs to see the changes visually.

ADVERTISEMENTS