Demand for products from precious metals of the Perth Mint (hereinafter - the Mint) has grown sharply over the past 12 months. Since July 2020, the company has sold 981.9 thousand troy ounces of gold and 17.8 million troy ounces of silver in the form of bullion and coins. The mint could sell even more products, but could not cope with record high demand for technical reasons. Management decided to focus on the production of Australian Kangaroo coins.
Neil Vance, CEO of Mint Products, said the following about this: "Against the backdrop of the pandemic, we have witnessed a huge amount of demand from investors. Our main product - gold and silver coins "Australian Kangaroo" weighing 1 ounce was in record demand. We tried to increase production, but at the same time we took care, first of all, of quality, because this is one of the key reasons for the popularity of Australian investment coins. "
The Mint produces and sells a wide range of investment bullion and coins, including from the Australian Kookabarra, Koala and Lunar series. These products are highly trusted by investors around the world, especially in North America, Europe, the Middle East and Asia.
Currently, the Mint is fulfilling all orders for gold coins. Silver is sold on quotas, that is, international distributors receive only a certain percentage of the total number of orders.
Investors who could not buy specific coins are offered alternatives in the form of cast gold ingots weighing 1 ounce and cast silver ingots weighing 1 kg. These products are produced at the Mint from precious metals of the highest standard - "four nines."