25th Anniversary of Australian Parliament House

Discussion in 'Silver Coins' started by MrSteve, May 9, 2013.

  1. MrSteve

    MrSteve New Member

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    MrSteve, May 9, 2013
    #1
  2. boston

    boston Well-Known Member Silver Stacker

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    Not a lover of RAM products. I have been stung previously, however, others may have a different view.
     
    boston, May 9, 2013
    #2
  3. badhammy

    badhammy Member Silver Stacker

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    badhammy, May 9, 2013
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  4. silvertongue

    silvertongue Member Silver Stacker

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    Novel... But not novel enough for me to drop a 500% premium on...
     
    silvertongue, May 9, 2013
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  5. Phiber

    Phiber Well-Known Member Silver Stacker

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    Mintage a bit high for my liking...but the design is interesting
     
    Phiber, May 9, 2013
    #5
  6. Matthew 26:14

    Matthew 26:14 New Member

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    I've got plenty of the 10 year parliament silver coins made in 1997 & 1998 which are 1oz troy. I bought them for pretty much spot with Ag was $35 so that gives you an idea where these new 25 year coins will find their value over time....spot +10% I'd reckon.

    Also these new 2013 Parliament house coins are only 2/3 of an ounce, "Minimum Gross Weight 22.23 grams" so their spot price is $17.15 give or take. They are being retailed for $85 which is 4.95 times spot, or spot +395%.

    Given they will eventually fall to something like spot +10%, I'd say to stay well clear !
     
    Matthew 26:14, May 9, 2013
    #6
  7. dinduboy14

    dinduboy14 Active Member

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    went to the RAM today - heard there was huge interest in this coin.

    didnt not buy it though - too expensive for my liking!

    think i'll get a few BU coins from SS instead :)
     
    dinduboy14, May 11, 2013
    #7
  8. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    They were talking about this coin on abc newcastle the other day. Didn't wait to listen what was said though.
     
    Naphthalene Man, May 11, 2013
    #8
  9. bigcountry

    bigcountry Member Silver Stacker

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    I'd say these will be bought by people who own no other coins. I don't recall the ABC ever telling me to buy kooks.
     
    bigcountry, May 11, 2013
    #9
  10. trew

    trew Active Member Silver Stacker

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    Buy one if you like it but don't fool yourself it is an investment

    No international appeal - cant see it going anywhere but down in value
     
    trew, May 11, 2013
    #10
  11. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    This is how they raise their revenue.
     
    Golden ChipMunk, May 11, 2013
    #11

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