Huge demand confirms worldwide appetite for Perth Mint investor coins
Investor demand for minted products has surged at The Perth Mint over the past 12 months.
“Against a backdrop of the COVID-19 pandemic, we’ve experienced enormous demand from investors seeking the security of precious metals,” General Manager Minted Products, Neil Vance, said. “As a result, our most iconic offerings – gold and silver Australian Kangaroo 1oz coins – have been shipped in record numbers.”
Minted products sold by The Perth Mint since July 2020 account for 981,904 troy ounces of gold and 17,881,262 troy ounces of silver.
“This is an enormous endorsement of our commitment to producing the best designed bullion coin programs from precious metals that are trusted globally,” he said.
“The cohort of investors who like to own physical precious metals they can see and touch have confirmed their faith in our ability to meet their needs.”
With highly aesthetic products, including the Australian Kookaburra, Koala and Lunar series, the Mint has been hailed as the producer of the highest quality bullion coins in the world. Testament to this is the ever-increasing interest from clients in North America, Europe, the Middle East and Asia.
With demand at such high levels, The Perth Mint’s production capacity has been under some strain and for much of the past 12 months it could have sold even more minted products. The result of this has been a streamlining of the overall range to make more press time available for Kangaroo coins.
The Mint is currently fulfilling orders for its gold coins, but silver remain on allocation – a system under which international coin distributors receive only a percentage of their preferred order quantity.
“While steps are constantly being made to improve manufacturing efficiency, our focus on quality remains paramount, because this is one of the key criteria behind the popularity of the official Australian Bullion Coin Program,” Neil Vance stated.
Investors unable to wait for a particular coin do have credible alternatives in the form of 1oz gold cast bars and 1 kilo silver cast bars. Produced at The Perth Mint from its renowned 99.99% pure gold and 99.99% pure silver, stocks of these products have been replenished and are currently available for immediate uptake.
