Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver End Slightly Lower in Mixed Trade
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 15 2019
By: Ira Epstein

Gold and Silver 2019 Price Forecast
By: Craig Hemke

Gold: An Institutional Stampede Into Miners
By: Stewart Thomson

Gold dollar vs Greenbacks: Civil War and After
By: James Anderson

2018-2019 Pop Goes The Bubble
By: Darryl Robert Schoon

Gold and Commodities Set to Soar in 2019
By: Frank Holmes

GET READY FOR TURBULENT MARKETS IN 2019: Gold and Silver To Outperform Most Assets
By: Steve St. Angelo

New Shortfall in Production Capacity for Fabricated Silver and Gold
By: Clint Siegner

Liquidity, Money Supply, and Insolvency
By: Andy Sutton and Graham Mehl

 
Search

GoldSeek Web

 
The Largest Gold Mints Of The World


 -- Published: Wednesday, 25 March 2015 | Print  | Disqus 

By Koos Jansen

https://www.bullionstar.com/

The most recent data available suggests the US Mint is currently the largest mint on the planet in terms of production output, having produced 4.54 tonnes of gold in Eagles and Buffalos year to date (January and February 2015).

The largest gold mints of the world are the Turkish State Mint, Chinese Mint, South African Mint, US Mint, Perth Mint (Australia), Royal Canadian Mint and Austrian Mint. Sales and production numbers of all these mints of 2014 has not been released, however, below is a chart displaying available data up until 2013.

All Mints 2002 - 2013

What is little known in the gold space is that the Turkish Mint is one of the biggest mints around. Because Turkish Ziynet coins are not widely sold outside of Turkey, the blogosphere is hardly taking note. From 2002 until 2008 the Turkish Mint was by far the largest producer on earth, on average minting 49 tonnes of gold a year over this period. The US Mint ranked second, having produced 17 tonnes on average over the same period.

Turkish Republic Coin

Turkish Republic Coin

Since Lehman Brothers feel in 2008 mostly Western mints saw their market share grow, led by the US Mint, who overtook the Turkish Mint in 2009 by minting 56 tonnes of gold.

Gold Eagle Coin 2014 low res

American Eagle Coin

From 2011 the Turkish took back the lead at 59 tonnes, versus 35 tonnes at the US Mint. Extending first position in 2012 at 40 tonnes and in 2013 at a staggering 91 tonnes.

Though data from other mints is lagging, both the Turkish and US Mint publish production numbers every week. From these figures we know Turkish production has also been transcending that of the US in 2014 (by 19 tonnes) at 41 tonnes in total. However, year to date the US Mint has outpaced its Asian colleague by 0.95 tonnes at 4.54 tonnes.

Turkish vs US Mint 2002 - 2015 ytd

If we look at monthly data we see that after the price of gold made its famous nosedive in April 2103, the Turkish Mint stepped up its production output, before it shut down in August and September 2013, presumably as a result of supply issues.

Turkish vs US Mint monthly 2012 - 2015 ytd

Note, all coins produced by the Turkish Mint are 22 karat. For comparing them to other coins I calculated the fine content.

Koos Jansen
E-mail Koos Jansen on: koos.jansen@bullionstar.com


| Digg This Article
 -- Published: Wednesday, 25 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.