Cheapest place to buy Lunar Horses

So why is this issue so popular?

I preordered 10 of them last week (VERY new stacker here) at around $36 so am happy with my small purchase. Does this happen every year with lunar horses or just this year? Will the prices drop after the initial rush?

Thanks

 

it happened to Dragon in 2011 and now with horse... it did not with snake last year.

silver price is low, so not likely to drop after this rush up. but if there is a new supply from PM...then we will know... next week.

 

testing the foundry here, APMEX went for US39 and it did moved, so here they test the A$43+

market forces working on it in progress

 

Over $40... not buying.

 

Bullionlist still have them for $37.90

 

BB has already sold their allocation and made it clear that this lot will be more expensive, i think with how limited the horses will be, they can afford to wait.

 

I agree that Dealers can charge what they want same as individuals on the secondary market, it's a free market but doesn't The Perth Mint have people to answer to? I mean it's owned by the WA State Government so shouldn't they ensure that their collective owners (WA citizens) get the best price for the coins rather than a socialised gift allotment to dealers.

If the Perth Mint does not increase the mintage limit on the Lunars then they should at least ensure that they are getting the best price they can themselves off the dealers.

 

out of 12 dealers I looked through BB is the only one who increased the price 39->43->46 without selling even one coin :lol:

if there's no demand at $39 what does economics says business should do in order to meet demand? )))

 

BB has sold over 1000x in from 12am - the morning of when they released it of 22/8/12

 

if I knew beforehand, that BB has that many, should have taken the full 300 at a go :/

 

They released it by lots, first 300, went like lightning, then 400 then another 400+, which was all finished y morning.

 

Flippers getting pissed off with premiums
I'm not paying $xx for a horse

I spoke to one dealer in town & apparently " SOLD OUT "
So fair game on prices I say for those who bought them already

BUT

The smart $ is not buying Lunars
But are instead getting out of Lunars :lol:

 

hem, I know what they sold at $36

what APMEX did - is a pure price discovery - I agree. They increased the price and made little allotment available ... they did it several times until $40. Now look what BB does: since they increased 39>43>46 - they sold nothing ... so if no coin was sold how one can call it price discovery?
It should've been quite opposite: they priced the coin $46 - no demand, $43 - no demand, $39 - no demand, $38 - inventory starts flowing out - that's we are almost at the market price.

Instead they just pump the price without no stock flowing out ... manipulators I say.

P.S. they lost me as a prospective customer, especially when one of the dealers agreed to match any price I can find online ... good luck to BB

 

smart money getting out of rabbit and snake lunars in order to load up with horses.
2nd September is almost here

 

If you have an allocation of 1,200 and the first 1000 you put on sale was sold in a flash and you would not be able to get anymore, what would a reasonable business do with the left over? It's is simple economics 101 - you don't know how many they sold at what price as only they now that. If you don't want to buy from then then don't, It is their business they can price their items anyway they want to.

How would you feel if I went to your sale thread a d demanded cheaper prices and called you a manipulator? Karma goes both ways mate.

 

how to load the horses on the snakes/rabbits/mices :lol:

 

The Perth Mint's job is to maximum revenues for the coffers of the State of WA.

 

It's funny to think a Horse could sell for more than a Snake given they are not even in peoples hands yet.

 

tell people that I have this number of left over for sale. And I at least try to sell few coins at this price to see the demand. What we have:

Economics 101 says about supply and demand this: supply and demand meet and the price equilibrium achieved. Demand for BB lunars never met supply after they increase the price. Why? because they still have those 300 coins available (they had this number at 43, and at 46 - nothing has moved except price). I don't see economics 101 here.

the manipulative business model making people believe the price for coin is rising while not one coin have been sold is not good - and it is my way of telling stackers that there're better places to buy and avoid going to BB.

I'm not in BB web site or their selling thread, I'm on free SS forum saying what I believe is right or wrong. So it has nothing to do with coming to anybody's selling threads. Am I acting against forum rules or stackers morale here? BB is a dealer who in my perception are trying to rip off fellow stackers and I gonna say it .... And soon as I'm not a dealer I'm not worrying about karma.

 

buyer just trust more on the seller to deliver.

condition and expectation that silver spot price has bottom.

buyer has already own snakes.