Compare this to the Silver Dragons. A 2000 silver dragon is about $130 lets say today. Or $90 above spot. Therefore assuming in 2023 the 2012 Dragon is also trading for $90 above spot, and spot is still only $40 an oz, after purchasing today for say $50 a coin, that represents nearly a 200% return on your investment over 12 years or about 15% p.a. Point is, the collector value of the Silver Dragon in terms of return over spot price of its base metal has been considerably more.
Another thing people forget, is that the dragons weren't that popular 5 years ago. I purchased my 2oz silver dragon for close to spot $34 back in 2006. I didn't know much at all about lunars and kooks, I was just buying coins that interested me and that I could purchase at or close to spot price. Ironically, that 2oz dragon is the only series 1 silver lunar that I own.
It is the only way to get your lunar gold dragoon, you can bet on this for sure! that is when GSR about <20 if everything fails in the future, you can still get back 1oz silver carded koalas x 2 (for year 2007 and 2008) that is still 100% gain almost guarantee for one, I can put a picture for it!
if reservation is allowed in this forum, then it is so reserved. just keep the dragon lock up, if I ever need it, we can trade in the future. sending Shrek for dragoon hunting first, and going along with the donkey.
im all registered for bullion trading with perth mint was quick only a day to sort it out , im all set for monday now !!
Just in case anyone else has the same problem: I placed an order for dragons last Thursday from the Perth Mint website, however my order is not showing up in the history. Gave the mint a call and they confirmed that the order had still gone through and that they had received my payment too. The lady on the phone said that she thought the dragons may start posting out next week
I don't think I can be bothered purchasing them today at $51... + postage and insurance = 52 odd I guess they could probably be resold for about 62?
How come I can't be bothered? I gues the market will be flooded by people trying to flip these when the perth mint sends them out next week. And I have a moral objection to paying the Perth Mints $10 premium for a bullion coin of any sort....
I just bout 20 silver Lunars for $51 each plus post from a friend's Perth Mint account who did the registration etc with the Perth Mint. You can still buy the 1oz Gold Lunar for $1860 or so also. As of 12.30pm EST you can still buy your 20 Silver Lunars and 1oz Gold Lunars direct from the mint.
Well I tried to buy 10 silver 1oz lunar dragons and apparently they sold out. ( this was about 20 minutes before time of posting )
Did it expressly say they sold out or were you just unable to make the purchase? I wish I knew about the ID requirements earlier
I BLOODY DAMN CALLED THEM AND SHE SAID THEY SOLD OUT!!! OMG I swear the woman had no idea about what she was doing. Could have got myself some dragons.....
The thing is.. when I put it in my shopping cart, it said there was 15 left. No problem, I changed it to 15. Then I kept getting an error message, so I called the mint and they were SOLD OUT. =( BOLLOCKS