Record Year for Perth Mint – Ainslie Launches Rare & Collectables

Posted | 22/09/2021 / Views | 1044
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Perth Mint released their annual results and report last week and it saw the 2020/21 year as the biggest year for gold and silver demand in their 122 year history.  Australia’s pre-eminent refiner saw a turnover of $26.35b for the year.

For context on the size of the Perth Mint’s operations, the results put them as the third largest exporter in WA behind the behemoths of BHP and Rio Tinto.  They refine the vast majority of gold in Australia as well as gold from the Oceania region, and from Australian owned projects in North America and Africa. They remain the only London Bullion Market Association refiner fully accredited for gold and silver in Australia. With over 500 staff they created 187 new jobs just in this last financial year.  Perth Mint is owned by the WA State Government and the result saw $41m returned to the state in taxes and dividends.

In terms of volumes, they sold a record 17.39 million minted coins and bars after processing 33 tonnes of gold, 614 tonnes of silver and 1.76 tonnes of platinum.  87% of the revenue on these products was exported, with the 2 biggest markets being the US and Germany.  To achieve these volumes, as regular Ainslie customers would know, they dropped a number of lines to “streamline” their product range to maximise volumes on mainstay lines like the 1oz silver Roos.  Below is a table of gold and silver minted coins and bars sold by month:

Record Year for Perth Mint – Ainslie Launches Rare & Collectables

They are a bit opaque when it comes to cast bars volumes, simply stating “Demand for small bars throughout 2020/21 was very strong, resulting in a higher than average conversion rate of incoming gold to meet market demand. The refinery continued to be a major supplier of value added gold cast bars to China, the wider Asian region and North America. Silver was supplied into local and overseas markets in the form of value added cast bars of various sizes and 1,000oz Good Delivery bars.”

Ainslie are proudly the Primary Distributor for Perth Mint on the east coast and carry the full range of products at competitive prices.  The sales of Year of the Tiger coins released last Monday have been very strong but all sizes remain in stock and immediately available except for the platinum coins which sold out in 2 days.  The 2022 Kookaburras and Roos will be released later this year and Koala’s early next year.

Today we are releasing a range of rare and collectible Perth Mint coins in our Rare & Special Bullion page of the Ainslie Webshop.  Check it out here.  We will keep adding product to this page as items are sold so enthusiasts should be sure to bookmark the page and keep an eye out for the goodies to be released.