"Dragon-mania" prices

Discussion in 'Lunar Forum' started by ytrader, Nov 10, 2014.

  1. ytrader

    ytrader Member

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    Hi guys,

    I'm relatively new to stacking. I've been trying to collect a set of PM Series II Lunars.
    Curious to find out what were the prices for the silver dragons during the peak of "mania" era:

    1oz
    2oz
    5oz
    10oz
    1kg

    thanks in advance! :)
     
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I was getting $100 "EACH" in the first 2 weeks of the dragon release :cool:
     
  3. silver kook

    silver kook Active Member

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    The 1 oz was $50 per coin for a roll of 20 from perth mint at time of issue as far as I can remember. Remember paying $80 each for 2 oz dragons in year of release. Picked up 5 ozers for $150.
     
  4. ytrader

    ytrader Member

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    I see... that's not much different from what you'd pay on ebay now days...
     
  5. silver kook

    silver kook Active Member

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    They are dragons after all... High demand coin. And silver was around $40 an oz when they were first released and then started tanking afterwards towards the low 30s.
     
  6. TasAg

    TasAg Active Member

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    Paid about $ 41.60 on pre order.
     
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I was paying around $325 for 10oz dragons
     
  8. ytrader

    ytrader Member

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    thanks guys, considering the fall in the silver spot, dragons have held up their value pretty well. hopefully the newer releases will have the same fate :)
     
  9. mmissinglink

    mmissinglink Active Member

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    I think I remember the 10 oz silver bullion Drag-on coins going for as high as around $600....it was shear madness and not worth paying those super hyped prices for a below average coin in this series.




    .
     
  10. Flyinfree

    Flyinfree Well-Known Member

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    Me too!

    The only reason I pickup the 10 OZ coin because all other sizes were "SOLD OUT"!!!
     
  11. nickybaby

    nickybaby Active Member Silver Stacker

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    I remember the only one ounce au I could find was 2500 so I bought the 2 oz instead.

    Paid 960 for a roll from the mint I think. Spot was nearly 40 from memory.

    Thems the days. A kilo was nearly 1300 from memory.
     
  12. upandaway

    upandaway Member

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    Don't wish to hi-jack the thread but it appears (in Europe at least) the price of the 1 oz dragon benchmark non-privy has crashed to be worth no more than any other lunar. In fact, at present a dealer I have used is selling the 1 oz horse at a premium of 2 Euros to the 2012 dragon! What is going on with these coins? How can they have plummeted to such prices when so many punters were paying so much more at release? That is one hell of a hair cut and kind of makes you wonder how much real demand was really there to start with and how much dealer hoarding was going on that has blown up in their faces?

    They do appear (as a series ) to have had their day to me.
     
  13. ScottyRS

    ScottyRS New Member

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    I'm simply watching and biding my time. When something comes up at a good price I'll be snapping it up to add to my lunar II collection. Plenty of time :)
     
  14. switchtronics

    switchtronics Active Member

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    I remember seeing ppl exchanging 1oz dragons for 1/20 gold coins in the hype. Perth mint had stopped minting them and prices were high. Ppl were selling 2ozs for up to $110. Prices were really high at the end of the year when the mint wasnt printing and started to fall early the next year when minting recomenced
     
  15. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

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    S 11 from mouse to goat worth around sgd 480 in Singapore. Someone is selling
     
  16. silver kook

    silver kook Active Member

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    Don't forget when the Dragons came out spot was double what it is today.
     
  17. barsenault

    barsenault Well-Known Member

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    yes, and the hype was certainly at a fever pitch. I think most any of the lunar at that time would have been rocketed to the moon...okay, maybe not quite like the dragon...that thing was pitch fever high. wow.
     
  18. dccpa

    dccpa Active Member

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    Psychology made the Dragon fiasco easy to predict in advance. Both the PM and a lot of dealers got greedy and damaged the dragon lunar market. We shall see if the PM learned its lesson.
     

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