A little birdie told me...

Old Ted from Perth is going Hollywood, on transit Perth to visit his birth place before
his final destination. He is going to be a star.

Wat you reckon?

 

How can you un-declare a declared mintage of 1000000 and re-declare a new declared mintage of 500000 without sounding like a business who has no strategic plans and makes decisions on the fly with scant regard for consumer confidence. Ummmmmmmmmmmm ya can't.

And just for the future befor the Perth Mint goes throwing around big words like declear again I suggest investing in a dictionary to at least try to avoid customer confusion.

From 'The free dictionary'
declare (d-klr)
v. declared, declaring, declares
v.tr.
1. To make known formally or officially. See Synonyms at announce.
2. To state emphatically or authoritatively; affirm.
3. To reveal or make manifest; show.
4. To make a full statement of (dutiable goods, for example).



Perth Mint FAIL AGAIN.

 

Dude, we're talking about the Perth Mint here.

 

I had always believed that the mintages were declared thru an act of parliament.
Ie these are non circulating legal tender coins

Please can anyone confirm this or has there been a change to the act?

 

A positive step would be the Perth Mint saying they're going to do something and then doing it.

This is the same inconsistent changing-the-numbers-as-the-mood-takes-them that they did with the re-mints except this time they've just revised the mintage down rather than up.

 

Sure they can.

1. Pick a number.

2. Stick to it.

 

300,000 for its lifetime and no re-minting after the year of release think that would keep most happy.

Want to produce more? Create a series like RCM wildlife, think many would like that (well I would)?

 

Mr. Ron Currie explains in his thread:

Perth Mint mintage policy

http://forums.silverstackers.com/topic-33294-perth-mint-mintage-policy.html

 

Our new Mintage Policy will make it perfectly clear that the mintages we announce in marketing brochures, on the website and in Certificates are absolute maximums.


How can their marketing brochures or website declear an absolute maximum of 1000000 then revise that to an absolute maximum of 500000.
The Perth Mint can't win because they clearley have no integrity and keep changing their polices therfor destroying consumer confidence in their business and their products.

(and now to hear the defence of 'oh that only applies to numismatices'. )

(Quote taken from the above provided link, written by Mr Ron Currie)

 

I'm still struggling with the counterfeit implications of minting legal tender coins in 2013 with a 1991/2/3 etc date.
Whatever was minted in those years should've been it.
The maximum mintage is in relation to that year...if they sell them all, great...if not, that's it.
Can't counterfeit them 20 years later to make a quick buck...

 

No, but why are bad business decisions being made in the first place?

i.e. Whoever came up with the idea of doubling the mintage to begin with (and that's on top of a 66% increase from 300k in 2010) must have somehow forgotten that the Perth Mint's whole marketing angle is that they're premium coins with low mintages...which is how they justify charging $10 over spot for a 1oz coin with a picture of a Kookaburra on it.

Now, obviously it's a great idea if you want to sell more of that particular product in the near future but it's a really dumb idea if doing it contradicts your whole marketing strategy that you've put years of effort into.

 

Fact remains, they mint some of the nicest bullion coins in the world.

 

Considering the S1 mouse, ox, tiger silver coins have both dates on each coin, the PM should explain the inconsistency in reminting prior year kooks and S2 mouse coins.