The skyblock shop of Australia has released their latest figures on the amount of gold and silver sold as coins and minted products. The monthly sales for each metal declined to their lowest levels in more than a year.
For the month of April 2014, total gold sales measured 23,461 troy ounces. This was down from the prior month when sales had reached 30,177 ounces. The latest monthly total was down significantly from the prior year period when a sudden drop in market prices had caused a surge in demand to 111,505,06 troy ounces.
For the year to date, gold sales have now reached 165,459 ounces. This is down by 39.1% compared to the sales of 271,594 recorded in the comparable year ago period.
Monthly Perth Mint Bullion Sales in Troy Ounces
January 2014 64,818 912,388
February 2014 47,003 392,088
March 2014 30,177 545,165
April 2014 23,461 361,988
Total 165,459 2,211,629
Total sales of silver as coins and minted products reached 361,988 troy ounces for April 2014. This was down from the prior month sales of 545,165 ounces. Once again, the figure was down significantly compared to the prior year period of April 2013 when sales had jumped to 1,102,465,96 ounces.
For the year to date, silver sales have reached 2,211,629 ounces. This is down by 15.2% compared to the sales of 2,607,508 recorded in the comparable year ago period.
Modern Greek Coin Sells for Record Price
An George I 1876 Gold 100-Dramchai broke the world record for any Modern Greek coin selling for £216,000 in A.H. Baldwin & Sons Ltd’s sale of European Coins from the Åke Lindén Collection on Wednesday 7th May 2014.
This exceptional rarity was from the collection of Swedish numismatist Åke Lindén, one of the world’s most prolific coin collectors. It sold in the latest of a calendar of worldwide auctions hosted by Baldwin’s presenting Lindén’s vast and esteemed collection.
Dimitri Loulakakis, Director of World Coins at A. H. Baldwin & Sons Ltd said: “Baldwin’s are pleased to see the continued successful dispersal of Åke Lindén’s collection, the price this George I 1876 Gold 100-Drachmai achieved illustrates the rigorous attitude Lindén had towards collecting top quality rarities and also the buoyancy of the current European coin market. We are thrilled with the outcome of the sale.”
Greece 1876 George I Gold 100-Drachmai
With a mintage of only 76, the George I 1876 Gold 100-Dramchai is the very rarest of all regular issue coins of Modern Greece. It bears the Order of the Saviour on the reverse below the royal arms, the oldest and highest decoration awarded by the Modern Greek State.
Competitive bidding from buyers online, in the room and on the phone sent the exceptional coin sailing past its pre-sale estimate to sell for £216,000 to an anonymous internet bidder. [Lot 1391]
Also achieving an exceptional price was an 1864 Vittorio Emanuele II, Gold 50-Lire, struck in Torino. It was the rarest one-year coin of the whole Italian Kingdom series, with a mintage of only 103, and was one of the last coins to be minted in The Kingdom of Italy before it joined the Latin Monetary Union (LMU).
A precursor to the Euro, the LMU attempted to unify the countries of Europe under one currency that would b interchangeable across the nations.
Also from the Kingdom of Italy and achieving a large price tag was the smallest coin in the sale. The 1863, Vittorio Emanuele II, silver 20-Centesimi, which was struck in Torino, sold for £90,000 [Lot 1432]. Known in Italian as the “Stemmino” this coin is missing from almost every serious collection as all examples were withdrawn from circulation. Of the seven known survivors, this example was by far the finest in private hands.
Topping the Germany section was the rarest Empire, post 1871, coin, which sold for double its pre-sale estimate of £30,000-40,000. The 1917, Friedrich August III, Silver Proof 3-Mark, was one of only 100 pieces minted and after a fierce bidding battle, finally sold to an internet bidder for £76,800. [Lot 1256]
Elsewhere in the sale coins from Romania achieved excellent prices. Of particular note was an 1868, Carol I Gold Pattern Proof 20-Lei. This, the most celebrated coin of the Romanian series had a mintage of only 100, a portion of which were deposited into the foundations of Prince Carol I’s Peles Castle in 1875, the remainder being distributed to his friends and VIPs. This example was the finest known survivor and sold for £78,000 [Lot 1543]