If you buy bullion coins or advise clients on precious metals, June’s numbers from The Perth Mint are a must-read. In a month when global spot prices stayed firm, Perth Mint June 2025 bullion sales showed a split personality: gold demand strengthened while silver cooled. That divergence—plus an active pipeline of new releases—offers timely lessons for U.S. coin collectors, industry professionals, and numismatists tracking physical market signals.
TL;DR
- Gold up, silver down: The Perth Mint sold 32,901 oz of gold (minted products) in June (+16.5% m/m; +46.1% y/y), while silver totaled 464,197 oz (–6.6% m/m; –5.6% y/y).
- Macro backdrop: LBMA-tracked prices in June (USD) saw gold edge +0.3% and silver jump +8.8%, underscoring price gains even as Perth Mint’s silver unit sales eased.
- H1 trend: Year-to-date, gold minted-product sales rose 13% to 189,047 oz, while silver fell 28.5% to 3,295,277 oz.
Why Perth Mint June 2025 bullion sales matter now
The Perth Mint is a top global issuer of bullion coins; its monthly “minted product” figures act as a pulse check on physical coin/bar demand across wholesale and retail channels. June’s report confirms that investors favored gold while silver coin buying cooled, despite silver’s strong month in the paper/spot market. For decision-makers in the U.S. coin trade, this split helps explain premiums, dealer inventory moves, and client appetite entering the second half of 2025.
The headline numbers (and the fix to a common confusion)
- Gold (June 2025): 32,901 oz — +16.5% vs May (28,244) and +46.1% vs June 2024 (22,520).
- Silver (June 2025): 464,197 oz — –6.6% vs May (496,707) and –5.6% vs June 2024 (491,946).
Note: Some reporting confuses June’s silver with May’s higher figure; Perth Mint’s own June update confirms 464,197 ozfor silver, aligning with CoinNews’ monthly table.
H1 2025 at a glance
- Gold YTD: 189,047 oz (+13% vs 167,324 oz in H1 2024).
- Silver YTD: 3,295,277 oz (–28.5% vs 4,610,465 oz in H1 2024).
Market context: prices up, behavior diverges
LBMA-referenced June data in USD show gold +0.3% and silver +8.8% for the month. Silver’s outperformance often encourages profit-taking or delays purchases when retail premiums are elevated—one reason minted-product volumes (coins/bars sold by the Mint) can lag price spikes. Meanwhile, broader 2025 commentary from the World Gold Council highlights steady macro support for gold—geopolitics, yields, and currency moves—bolstering investor interest in high-purity coins and bars.
Expert take: “Short-term price pops in silver can temporarily cool retail coin demand as buyers reassess premiums—but strong design programs and core markets often steady the ship,” says one U.S. dealer principle, echoing patterns observed in prior silver rallies.
What the Perth Mint actually measures (and why it matters)
The monthly series tracks minted products shipped—gold and silver coins and small bars—to wholesale and retail customers worldwide. It excludes cast bars and Depository (allocated/unallocated) activity, making it a cleaner read on coin-centric demand than refinery throughput or ETF flows. For U.S. dealers and collectors, this helps separate “stacker behavior” from institutional hedging.
Product drivers: designs, launches, and key markets
Perth Mint’s release cadence feeds demand. In June, it rolled out 1 oz gold and silver Dragon rectangular bullion coins, adding to a 2025 lineup that includes Kangaroo, Koala, Kookaburra, Swan, Emu, and Wedge-tailed Eagle issues at various points across H1. These themes reliably mobilize overseas buyers—Germany remains a standout silver market for Perth Mint’s Kangaroo program—while keeping U.S. dealers stocked with fresh, recognizable product.
Quote: “Sales of our newly released gold and silver dragon rectangular bullion coins have been very pleasing, as have our silver Kangaroos which remain very popular with the German market,” said Neil Vance, General Manager, Minted Products.
Digging deeper: gold strength vs. silver softness
Gold: steady bid from investors and trade buyers
- Momentum: The +16.5% MoM and +46.1% YoY rise points to steady replenishment by distributors amid firm spot prices.
- YTD growth (+13%) suggests dealers kept inventories healthy, possibly anticipating seasonal demand into late summer show cycles and holiday-season stacking.
Silver: high prices, selective buying
- Despite +8.8% spot gains in June (USD), silver minted-product sales fell 6.6% MoM and 5.6% YoY. When silver runs hot, buyers sometimes pivot into smaller denominations, delay purchases, or switch to low-premium bars—choices not fully captured by coin-specific metrics. This lag is familiar from past rallies.
Mini case study: the Dragon rectangular coin effect
Perth’s Dragon rectangular series is a recurring catalyst. Retail pages and dealer releases indicate limited mintages and strong brand recognition, which can attract both collectors and stackers who prefer a bar-shaped coin. The 2025 issues maintain that momentum and serve as an “entry product” during volatile months when buyers still want exposure but are price-sensitive on premium.
Data table: key June comparisons
| Metric | Silver | Gold |
|---|---|---|
| June 2025 minted-product sales | 464,197 oz | 32,901 oz |
| Change vs May 2025 | –6.6% (vs 496,707 oz) | +16.5% (vs 28,244 oz) |
| Change vs June 2024 | –5.6% (vs 491,946 oz) | +46.1% (vs 22,520 oz) |
| H1 2025 total | 3,295,277 oz | 189,047 oz |
| H1 change vs H1 2024 | –28.5% (vs 4,610,465 oz) | +13.0% (vs 167,324 oz) |
Interpreting the split: practical implications
For U.S. coin collectors & numismatists
- Designs still matter. Flagship series (Kangaroo, Koala, Kookaburra, Swan) and special formats (Dragon rectangular) retain strong communities and secondary-market visibility.
- Buy opportunistically. When silver spot spikes but Perth’s monthly units dip, you may find tighter dealer supplyin popular SKUs—shop around or consider prior-year issues to manage premiums.
For dealers & industry professionals
- Stock rotation: Gold coin demand is dependable; maintain depth in 1 oz and fractional Kangaroo SKUs. Refresh silver inventory with current-year designs that pull retail interest even when spot is elevated.
- Messaging: Lean on Perth’s global brand equity and the German demand narrative when promoting silver Kangaroos and related series.
For precious-metals investors
- Role clarity: Gold remains the core hedge allocation; silver adds torque. June shows that spot performance doesn’t always equal coin-unit demand—use that knowledge to time purchases of physical products vs. market proxies (ETFs, futures).
Balanced view: benefits and risks (YMYL-aware)
Benefits
- Liquidity & recognition: Perth Mint bullion is globally recognized, supporting resale and tighter spreads than niche products.
- Design & collectability: Series continuity (Kangaroo, Koala, Kookaburra, Swan) can support premiums and collector crossover.
Risks
- Premium volatility: Popular coins can command higher markups during demand spikes, which can erode near-term returns if spot retraces.
- Supply timing: Monthly minted-product dips (like June silver) may reflect batch production and channel inventory, not just end-user demand—avoid over-interpreting one month in isolation.
Expert & media corroboration
Independent trade coverage (e.g., Kitco) echoed Perth’s June update—32,901 oz gold, 464,197 oz silver, with commentary on mid-month gold highs near US$3,450/oz before easing—helping triangulate the sales narrative with price action seen by dealers. Meanwhile, the World Gold Council’s weekly lens reinforces macro drivers (yields, dollar, geopolitics) that kept investors engaged through the quarter.
Frequently asked questions
Q1: Why did Perth Mint silver units fall in June when silver’s price jumped?
Silver’s +8.8% month may have prompted some buyers to delay purchases or shift to lower-premium bars, muting coin units short term. Production cadence and wholesaler inventory also influence monthly shipments.
Q2: Are June figures a reliable indicator for the rest of 2025?
They’re a useful snapshot, but one month is noisy. Track the H1 totals (gold +13%; silver –28.5%) and watch July–September releases for trend confirmation.
Q3: What exactly counts as “minted product” in these reports?
Coins and small bars shipped to customers; cast bars and Depository activity are excluded—a key distinction when comparing to refinery throughput or ETF flows.
Q4: Which products were newly released around June?
The Dragon 1 oz gold and silver rectangular bullion coins were June’s highlight, following earlier-in-year Koala, Swan, Emu, and Kookaburra launches.
Q5: Is Germany really that important for Perth’s silver coins?
Yes. Perth Mint statements and long-running coverage regularly cite strong German demand for the Silver Kangaroo—and Neil Vance reiterated this in June.
Strategy tips (for collectors, pros, and investors)
- Anchor to data: Use Perth Mint monthly reports alongside price guides and dealer inventories to spot mispricings(e.g., when units dip but demand proxies stay strong).
- Watch launches: Limited-mintage or high-story coins (e.g., Dragon rectangular) can maintain secondary-market interest even if headline silver units soften.
- Mind premiums: Compare current-year vs prior-year coins and consider monster boxes/tubes to lower per-coin costs.
- Diversify formats: Balance gold core holdings with selective silver, mixing coins and low-premium bars to control entry price.
- Stay macro-aware: Follow WGC/LBMA commentary to contextualize price moves and adjust purchase timing.
Conclusion: Reading the signal in Perth Mint June 2025 bullion sales
June’s split—strong gold, softer silver—isn’t a contradiction; it’s a reminder that physical coin demand tracks more than spot quotes. Design programs, release timing, dealer inventories, and regional preferences all shape monthly outcomes. For U.S. collectors and investors, the playbook is clear: keep an eye on Perth’s release calendar, verify numbers against official updates, and be opportunistic when the market’s narrative and the Mint’s shipment data briefly diverge. If you’re building positions or advising clients into H2 2025, gold looks steady on fundamentals while silver rewards patience and disciplined premium shopping.
