I don't know how many of you are aware of the 2014 Australian Kangaroo 1/10oz Gold Bullion Coin with Chinese Privy Mark, but it presents a great opportunity to start a new gold coin collection that derives its value from both bullion and collector's value. The Perth Mint was authorized to mint a maximum number of 30,000 of these coins, but the final or declared mintage figure came in at a low: 3,591. Source: http://newcoinreleases.com/2014-aus...ith-chinese-privy-mark-declared-mintage-3591/
Thanks for the information. Yes, not all 1/10oz gold coins are doing well, but I don't feel it is the case here and will explain why... Try to find a 2013 1/10oz Gold Kangaroo with Chinese Privy, and when you find one, you will see that the premiums on those are through the roof. The premiums on the 2014 ones are still relatively low, but only because these coins are still relatively unknown to collectors. Nothing is of course set in cement, but I expect these to do well moving forward, especially considering the Chinese connection and low number of coins available in the West.
Thanks for the links. Very interesting coins. I've never seen those before. I hear what you say, but apples are not 100% compared to apples. The Chinese element is lacking on those coins.
It is tough to find sales data on the 2013 ones at this stage, but the last ones I saw way back, sold for $300-$400 a coin. We are of course speculating for most part. There is no right or wrong here or any guarantees of success or failure. It will surely be interested to see how it pans out.
They are going to continue the series, despite initial feedback from a mint representative that it will not be the case.
I don't really have a lot of information pertaining to the sets that were being released, but only the single coin issues. A large well-known dealer in Australia told me in private that they intend to keep the series alive and that we can expect the release of more coins later this year. He also told me that those who jump on board now stand to gain the most from the series. I hope that helps.
Great post men, thanks for the info.. As we all know it aint just the low mintage figures that drive premiums, shame it aint going to be the last year of issue as that would certainly help premiums.. Not being mean but these 1/10 designs lately are so ugly and lack the detail we used to have back in the 80's series. Eye appeal to me is everything, mintage figures next...
You're welcome. Yes, low mintage figures alone don't cut it. A combination of factors normally drive premiums either up, down or sideways.
Bumping this thread for a little advice from the brains trust. If I can get these 2014 Chinese Privy coins for a few dollars less than a goat or monkey, with a horse being a few dollars more again, which is a better buy? I'm not into high-premium numis, just want something that will hold its premium and be easy to re-sell. i'm not so much swayed by looks, but the horses and monkeys are blimmin gorgeous Is there any upside potential with the Roo? The mintage really is tiny... Maples are the cheapest by a couple of bucks.
It is difficult, if not impossible, to predict with accuracy how any of the coins will perform in the future. Buy what you like.
Ha that wasn't me who said horse, but yes I do like the design The price difference is small so maybe I'll hold them all then decide. The lunar coins do seem very popular. Thanks for the input guys.
Do these 1/10 oz coins come in rolls at all or just singly? I was looking at getting at least 10 if funds permit. No real love for the Chinese privy Roos it seems. Wonder if I could knock the price down a bit..