thinking about it, the only reason why the 1oz will be 'sought' after is cause of the limited mintage silver is silver after all... imo in the end the 1oz wont command such a large premium cause people can just buy a 1/2 oz or a 2oz coin from the PM...and not pay 'numismatics' premium on them. i rekon the 10kg dragon is where its at...500 mintage! muahahaha
Depends how much over spot you pay for them. I see the premium as insurance. If spot price was $15, how much would you pay for a year 2000 10oz bar and how much would you pay for 10 x year 2000 dragon kook or panda? I wouldn't pay a 50% premium for them but I'm happy to more for them than bars. Put it this way, when silver took a dive around Easter, would you have been happier holding a box of 2010 Tigers or 10 x 10oz bars that were minted in 2010?
$50 each? Really? Bullionbourse sold out of there pre order at $40 each... i have commited to another tube at 42 each.. at today's spot they would only be around $44 Spot is only $37 now so back to $20 wouldnt exactly be a crash but a serious retracement, given the volatility silver is famous for.. this is a possible eventuation. If spot were to hit $20 after the dragons were realised.. they would of sold out at around $40 each (at a guess).. so no-one in there right mind would sell at an instant loss.. Do i share your concern? Absolutley not.. Dragons will still be a great investment if silver spot falls to $20... Id go as far as to break down the componant dragon factor.. it would be a function of spot + dragon factor... intial spot + 10%... the 2000 dragon factor is now like spot + 200% Spot is not anyway in the physical market when demand/supply dictates prices... real silver always carries premiums and the perth mint lunar bullion is a modest premuim over spot which i am very very happy to pay to own such a scarce and in demand item. A sell out of 2012 one ounce dragons will see the spot price become less relevant to their prices as heavy demand over supply start to dictate prices on the upside. Never before have you been able to hedge silver with numismatics at a low premium over spot.. a sure winner. 1for1
Silver Coins Kookaburra/Lunar 999 AU$ Perth Mint sells Buys 1/2 ounce $25.93 $18.06 1 ounce $47.85 $36.11 2 ounce $92.70 $72.23 5 ounce $224.25 $180.57 10 ounce $433.50 $361.13 1/2 kilo Not Sold $580.55 Kilo Coin $1,309.92 $1,161.07
Hi Ozi, Its a function of spot.. atm .. proberbly around that yeah.. id say it will be 20 roll minimum 1for1
Just speculation here, but if you "pre-sold" coins @ $40 each with a get-out clause of either refunding money or substituting with 2oz coins, wouldn't you have an incentive to offer refund/substitution to the $40/oz buyers and then sell every 1oz you have for the market price of say $50 a coin? Just saying.
Yeah but that would most likely damage their reputation which may cause more long term loss (via Goodwill, word of mouth etc) than short term gain ($10/coin). Of course that hasn't stopped companies from shafting people before...
I just knew the Perth Mint was going to screw up as usual. Some of their staff gave verbal assurances to dealers that they can order as many dragons as they want. Now the Perth Mint is saying if your allocation isn't in print; you don't have an allocation. Unfortunately a few dealer actually believe they can trust the Perth Mint to honour their verbal assurances, jumped the gun and pre-sold. Imagine their shock and horror when they discovered their allocation was reduced to less than 10 - 20% of what they were hoping to buy. I haven't pre-sold but I did tell a few customers I was expecting to buy a few thousand coins and that I should be able to supply them with a reasonable quantity. Reasonable quantity is now 1 coin per customer
