1kg Coins

Discussion in 'Silver Coins' started by Tuatara, Apr 15, 2014.

  1. Tuatara

    Tuatara New Member

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    Hey Team,

    Just a question about the Perth Mint kilo coins; If you were going to buy one which would you choose? Koala, Kookaburra or Lunar? What do you reckon will have the lowest mintage? My guess is the Koala followed by Kook then Lunar Horse

    Cheers
     
  2. Altima

    Altima Well-Known Member Silver Stacker

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    You'll have more potential with the lunar then the kook or koala.
     
  3. House

    House Administrator Staff Member

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    1. Lunar
    2. Kook
    3. Older lunar
     
  4. Yendor

    Yendor Member

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    I don't have any kilo coins, but my 10oz's are lunars.
     
  5. Justfishin

    Justfishin New Member

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    Kilo Libertads. Bought the "proof-like" last year and this --400 mintage---little steep at around $1400 US, but they will double easily. Provident had 2014 kilo kooks on for $685 USD a llittle while back--bought a couple-great deal
     
  6. alexbecks

    alexbecks Member

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    If you look at perth mint kilo coins, they did some lunars in special edition (commissioned product) in mintage 500 pcs only.
    I saw around a Koala Kilo Proof 2012 and also a snake lunar 2013.
    I think these would be much more rare and better investment, still Perth Mint products but very low mintage.
    Alex.
     
  7. mmissinglink

    mmissinglink Active Member

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    Agree with Justfishin on the kilo Libertads.

    But if you want to stick with Perth kilo coins, the lowest mintage and best potential for rising premium is the proof silver Lunar kilo coins. Very, very, very low mintage, extremely well struck and attractive coins, and premiums gained will outpace bullion coin premiums gained. In fact, plenty of bullion kilo coins will fetch less in the secondary market than the issue price and while one could say that this can happen to many proof coins as well, the fact is, not to the kilo proof coins as far as my research reveals.

    If I were to buy any kilo coins from the Perth Mint, it would certainly be the proof silver Lunar kilos.



    .
     
  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Be-careful buying kilo proofs.

    Proof coins and the packaging they come with has to be kept in perfect condition and that means, no scratches on the coin capsules or minor tears in the packaging.

    Bullion coins also have to be kept in top condition but for the price of a bullion coin vs the price of a proof you may want to consider the bullion.

    Remember that we all buy for different reasons and no-one is privy to future prices.

    In Australia a a bullion kilo horse can be purchased for about $765AUD.

    The Proof Kilo Lunar Horse had an issue price from Perth @ a $1750AUD.
    http://www.perthmint.com.au/catalog...014-year-of-the-horse-silver-proof-coins.aspx

    Sales on Ebay recently - proof kilo horses sold for $1595AUD which is far less than the issue price (300998519310) and 181321396629 was only $1205.72AUD

    If I were you, try to understand why you want to buy kilo coins; are you a collector, just fascinated with large coins or think that perhaps low mintages are the way to choose a kilo coin. You'll find that although a low mintage is desirable that often the design is what appeals to collectors.

    But, as suggested, no one is privy to future prices. :) ;)

    Best.



    H
     
  9. Bobby Woodlawn

    Bobby Woodlawn New Member

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    I got Perth Mint kilo, 2011 Rabbit, 2014 Horse. The Animals of the years of my Wife & I birth. We both love them and they are our Signature Pieces. -bw
     
  10. Altima

    Altima Well-Known Member Silver Stacker

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    Some more kilo libertads available at Apmex at around 1100 USD.

    Not sure if the 2014 will appreciate but it is definitely a looker!
     
  11. Justfishin

    Justfishin New Member

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    Much higher mintage on the $1100 ones
     
  12. mmissinglink

    mmissinglink Active Member

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    Good points and argument well made Holdfast. Help me understand about the proof kilo horse. It was released for sale about what, 4 months ago or so? The only way it gets to the secondary market is if it is first sold retail directly through the PM. So the coins sold via the ebay sales you pointed out (one in Feb the other in march) were for coins that were initially purchased for $1750 AUD? If true, why would someone buy such a valuable coin from the PM at the retail price and turn around within a few short months at most and sell it for less? Are dealers getting these coins from the PM at discounted wholesale prices and then selling them for a profit at $1200 and $1500 a piece?

    I'm a bit confused as to why this happens and who is selling for what would otherwise appear to be a loss?

    Thanks for enlightening me on this.



    p.s. Looks like whomever won the 181321396629 auction saved themself $600 plus shipping by not going directly through the PM. That sounds like a very fortunate individual.
     
  13. mmissinglink

    mmissinglink Active Member

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    From my understanding, the US Mint does not sell the collector coins to anyone or any company for less than what Joe Q Public will pay for them retail directly through the US Mint. US Mint bullion coins are a different story.

    So, if I or APMEX purchased a proof silver ASE from the US Mint, we both pay the same price if we buy on the same day (prices of silver coins sold by the US Mint can change infrequently depending on a large sustained move on the spot price).

    Is it different with collector coins from the PM? The PM coins I own, both bullion and collector, I have bought in the secondary market...never directly from the PM.

    Thanks for shedding light on this anyone.
     
  14. Altima

    Altima Well-Known Member Silver Stacker

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    Thanks Holdfast for highlighting this part about kilo coins, or silver coins in general:

    So in my humble opinion, even if a coin is low in mintage, it may not appreciate if the coin design is the same every year.
     
  15. mmissinglink

    mmissinglink Active Member

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    That does make sense. But the more tricky question is how to pick coins that are very desirable. Sure, some are obvious winners i think. But I have seen some horrible coins become sought after and other coins which to me are very appealing, go no where....at least in the short time I have bought precious metals products.
     
  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Maybe there's folk who like to flip coins because they are low mintage.

    There's probably folk who look back at the 1 kilo Proof Dragon that was selling for $4500 bucks in 2012 and think they are going to make a fortune.

    All I know is tha..t sometimes the hype of a very small mintage can bring an emotional response for folk to buy; maybe I'm wrong but there's been a few instances on this forum and others where a bloke can really feel a sense of...gotta-get-that coin.

    Here on the SS people buy sometimes just to be able to say they got the coin to be part of "the-group" (Like it's a competition) or think they are going to corner the market but they soon realise that a few coins become valuable where-as many new coins just don't hold value for too long.

    I'm not saying don't buy but what I would say is for new-folk not to get emotionally involved or 'love" a coin because a bloke should realise if he is a stacker, flipper, collector or if indeed he has knowledge of the market.

    Not that I know much but there's quite a few examples that we all know of which...maybe we could have purchased something else.

    So how to pick the next coin????

    Listen to the hype; if you are a flipper, buy and sell quickly.

    If you are a collector, just buy the coins you like and if the price goes down who cares anyway.

    If a bloke is in for the long haul and wants to own a bit of silver or gold maybe buy bullion coins but not every dang coin that hits the market.

    Try to specialise in say, Kooks, Lunars, Koala's or other so that you know the market and know if a coin is at a potential buy price.

    By keeping a spread sheet of the particular coins you are interested in you will be able to know within a few cents what they are selling for.

    Trying to make a dollar or two re-selling high priced coins is difficult; sure you may flip a few for a nice profit but you'll also take a loss or may have to hang on to the coins for a very long time.

    Sometimes it might be a good idea to try to buy bullion cheaply and wait for metal to rise.

    Remember who makes money generally on coins...it's not the average bloke.

    Having said that, the above is just my experience, there's some great coins out there and Perth produce some of the best proof coins in the world. The Kilo Proof coins as well as the 5oz proofs are dang beautiful and I wish all folk a cap gain on their coins.

    H
     
  17. dragafem

    dragafem Well-Known Member Silver Stacker

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    as Holdfast pointed it out,the hard part is to keep them in mint condition over the years especially the proofs with box and coa.
     
  18. Justfishin

    Justfishin New Member

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    I dont understand this line of thought. Buy it, pack it away--whats the problem?
     
  19. monopolize

    monopolize Well-Known Member Silver Stacker

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    The proof kilo horse was issued at $1595 when it was released by the Perth mint. They then jacked the price up on their website to $1750 a few weeks later.
     
  20. Photonaware

    Photonaware New Member

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    I see a bullion kilo coin as a hunk of metal that doubles up as a paperweight and door stop.
    If a kilo is priced cheaper than 1 oz bullion coins then you are buying silver by weight at the lowest price and nothing else. Agreed they are nice to show off but equally so the 2 oz, 5oz and 10 oz coins are worth having. My opinion only !
     

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