Snakes getting cheaper

Discussion in 'Lunar Forum' started by hiho, Sep 18, 2012.

  1. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    The Perth Mint - Bullion Web-Site Sales History

    Here's a guide to coin sales for the 2013 Australian Lunar Year of the Snake 1oz Silver Bullion Coin
    http://www.perthmintbullion.com/au/Buy-Silver-Coins/1oz.aspx?size=18


    24 September 2012 - 1,347 Remaining
    25 September 2012 - 1,337 Remaining
    26 September 2012 - 1,329 Remaining - Spot @ $33.72
    28 September 2012 - 662 Remaining - Spot @ $34.64
    02 October 2012 - 462 Remaining - Spot @ $34.77
    05 October 2012 - 460 Remaining
    09 October 2012 - 435 Remaining
     
  2. chicken12

    chicken12 Member

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    Well lets see what happens once all sold out..
    Just checked and BB only has 5 left.
    So we must be getting close to a sell out, (until PM do the privy)
     
  3. Sumerian

    Sumerian Member

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    I see a couple proofs went for 85-90 recently -the fees.
    http://www.ebay.com.au/csc/i.html?_...f+snake&_osacat=0&_trksid=p3286.c0.m270.l1313

    I didnt see any for sale at retail prices besides one thread around here, so it may be hard to finish these sets in the future.

    I only had 5 seconds to make my mind up on perth mints website as it was crashing, i may have got one but decided against it, i may be willing to buy one from somebody for perth mints price 104 + 7.50 delivery :) when i have spare cash, am getting a roll of mice at the moment.

    I have a roll of bullion and if i see 35-7$ i will by another.

    BB is now sold out for anyone watching that thread :) edit - Looks like 400 more added...

    - I will add that i have put in a few stupid bids on kooks as i have 6 to go but i get out bid still.
     
  4. 1for1

    1for1 Well-Known Member

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    Yep.. 400 More added.. CLASSIC

    DRIP DRIP DRIP

    1for1
     
  5. Sumerian

    Sumerian Member

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    I only really notice as i have a link on my desktop from when i changed to opera so i could get to BB before i added the bookmarks.
    I purchased mine from maggie for 41.50, still up 50c/coin :)

    Not that im worried if it drops as the 10oz coins under 300 were looking good, i have only been collecting since my registration date mostly all downwards on the chart.

    KJC seems to still have the same amount from the other thread at good prices if someone wants a box.

     
  6. aussilver

    aussilver Member Silver Stacker

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    Not according to the mint, (better be quick) what a load of .....

    Quoted from Perth Mint email (Only a week after release and the special edition Lunar snakes had an amazing response. The High Relief and Gilded releases are selling really fast!

    Extremelly limited and highly sought-after, the 2013 Year of the Snake Typeset Collection is now out of stock on The Perth Mint website. The popularity of the Lunar series continues to climb, so do be quick to secure your favourites!)
     
  7. rbaggio

    rbaggio Active Member Silver Stacker

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    We are often reminded that Perth Mint staff frequent this forum.

    I wonder if any of them are listening?
     
  8. alor

    alor Well-Known Member Silver Stacker

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    the new n00bee are hitting the snakes real hard, the snakee head is now flat, wait till the privy come.

    will those n00bee get fed up as well, we shall see.

    the number of people has suddenly multiple and they jump in with both feet into these overpriced coins.
    but who knows what will become of their action in the future.
     
  9. Horrie

    Horrie Well-Known Member

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    Got my colored SNAKE yesterday.. Number 2012 grrrr 1 off.. I'm thinking COA 2013 would fetch a beaut price.. Any thoughts? Surely my 2012 has to do alright too seeing that is really the release date??
     
  10. R1dh0

    R1dh0 New Member

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    IMHO.....I don't think they are listening to the end user, it seem they don't care much about price declining of their products after released.
     
  11. thatguy

    thatguy Active Member

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    I tell you there's gold in that goose
     
  12. worldbubble

    worldbubble Active Member

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    1st there were collectors and investors who bought it for long term ... then speculators showed up who came for quick profit ... and speculation didn't bring what they thought it would.
    So, the blame goes to PM ... just because speculators don't like it anymore.

    BTW the purpose of bullion is not to make a quick profit for speculator ... so relax, keep stacking and stop speculating ))
     
  13. silver kook

    silver kook Active Member

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    Most recent bullion 1 oz snake sold on ebay $57! :lol: Yesterday bullion original dragon sold for $37. :/
     
  14. rbaggio

    rbaggio Active Member Silver Stacker

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    Fair point.

    I wasn't clear, but I was specifically talking about numismatic items, e.g. Perth Mint decide to release a whole bunch of new 2oz Lunar Proofs, 6 years into the series. So their mintage has effectively doubled. Investors get screwed.

    As for bullion ... well, you take your chances.
     
  15. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    ;)
    The problem is
    That every man & his dog with $10k or more to play with think they can play " THE DEALER / FLIPPER " :rolleyes:
     
  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Just buy a roll or two if you see a bargain.

    If you are buying one or two, and you think they are too expensive, go without your burger and chips for a day or don't drink those extra two stubbies on Friday and Saturdy night :p :lol:

    If spot breaks out, you'll be selling your snake for good bucks.

    If spot turns turtle this year, you might have to wait awhile.

    There's no right or wrong with bullion but one things for sure, regardless if you like the bluddy design or not, Perth make high quality bullion coins that over the short and longterm do well.

    If you don't like lunars, pick something else or buy 10oz bars.

    The thing I like about lunars is people buy them, they like to collect them and some of them go numi especially some of the larger coins.

    The only thing I'm pissed off about is that the lunar snake release didn't coincide when spot was $26 - $27 bucks :p

    Next year when they release the Horse, what will spot be? Hopefully $55 bucks and then you'll be saying F I wish I bought those snakes. :D

    Eat, drink, stack and be happy ;)

    Cheers
     
  17. xag

    xag Member

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    Just posting ot say Peter is a top bloke. Very helpful. Even chatted with his wife for a bit haha
     
  18. 1for1

    1for1 Well-Known Member

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    What sort of BULLION is realised at $10 over spot... ANSWER... one with FLIPPERS and RETAILERS trying to fleece their customers..

    I agree with your point, its just not valid for the Lunar Series from Dragon on.

    But yes BULLION is an investment, BULLION with Excessive Speculative premiums is speculative. Not nearly the same amount of downside risk as PM nusmismatics whcih risk 100%-200% or MORE downside potential NOT including inflation, And the odds of picking a PM product that would increase or hold value are decreasing each year they produce more and more product diluting demand for any one (not to mention other world mints SPITTING out silver coins at huge premiums of there sivler content).

    Id say bullion has a 200% upside and a 25% downside.

    1for1
     
  19. 1for1

    1for1 Well-Known Member

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    Sorry repeat post.. site died but the first save must of actually worked.

    1for1
     
  20. Sumerian

    Sumerian Member

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    It does not look like kookaburras are getting any cheaper.

    I had a bid in for a 1990 kook at 73.58 delivered as it had no toning, thought it may make highest bid and did not care just had money at the time, it went for $112.49...

    Anyone got an untoned one for sale? I may be interested.

    http://www.ebay.com.au/itm/180990375598?ssPageName=STRK:MEDWX:IT&_trksid=p3984.m1435.l2649
     

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