Silver Stackers

I agree with the general sentiment. However, in their defense, the Perth mint does not make a huge profit each year. So if they can do something, in order to help prop up their overall operation, I'm all for it. As I'm sure you are too. Its just trying to find the right balance, which as in all things, is never found until you've swung to the extremes.

I think that's modest. Nothing to jump up & down about.

eg. how much do you think it would cost to build a 3rd vault?

Last edited by Black_Sun (2012-08-08 17:47:30)

why set a limit on a BU coins, what was their intended rationale to begin with?

they set the koala to minted on demand.

So i shouldnt use their website on the day?

When all is said and done it's the little things that make a difference with coins though. A lion privy coin (while it is for all intents and purposes the same) is not actually one of 300,000 limited mintage lunar coins.

In 80 years time it will not be viewed as one of the same coins. A 1926 perth mint sovereign is basically the same as a sydney mint but the value is vastly difference. All due to an almost invisible P as opposed to an S.

I think the value of the lunar coins dropped as a function of spot (perceived future price of silver), as people saw the price coming down more and more people sold (like a margin call) supply increased further and demand fell.

I'm looooonnnnnnnnng silver

Of course my time frame is shorter than 80 years also, just illustrating the point that they are not the same coin even though they look alike. I believe their future values will reflect this. It will not be possible to make a complete set of privy coins and as a collector, even though there are less of them I wouldn't want a privately commissioned privy version of the coin I actually wanted to buy - I would want the original.

The Perth Mint is a business that is there to make money, I really don't understand why people are amazed that all of these coins keep being released - the simple answer is because people are buying them.

While I don't agree with a lot of what happened with re-minting kooks and the re-release of the mouse coins; personally, I don't know why you wouldn't try and get a 3 coin set and plain silver proof from the mint. In my view, you are almost guaranteed to sell for a profit on eBay. I respect not buying on moral grounds I suppose - at the end of the day, if I can purchase and sell a couple of sets and make enough that the set I keep for my own collection effectively cost nothing then that is what I will do every time.

Last edited by Elemental (2012-08-09 02:39:45)

Such short term thinking... Grab an extra few thousand dollars and permanently damage the credibility of Perth Mint 'mintage limits'.

They could have made a coin of anything else FFS.

I didn't even buy a single dragon and it makes my blood boil!

Mid August... so either this week or next at a guess.

Early next week, but see below.

The advertising embargo date is 27th August 2012 (Monday after next). From this date distributors will be able to advertise the coins and display images of them - orders can't be taken prior to this date.

Can someone recall how much more a Lunar 2 coin should cost compared with a Koala or Kookaburra or are they about the same?  Does anyone expect the snake to be sold at the 'normal' pre dragon rates?  I am trying to get an idea % wise what I should be paying outside Australia for them on release above the others to determine if it is worth it.

Thanks.

Last edited by upandaway (2012-08-18 16:39:23)

Try to buy here and pay the shipping (from pm bullion site if you make the papers) or from forum members
Last year the dragon bu go for 40 release price and go for more than 60/70 in ebay and coins dealers.

does that mean they can start selling them?