I believe there are 3 questions 1, why did Perth Mint portray the 2016 silver kangaroo as the first silver kangaroo when they new all along they minted 300k 2015, s for one exclusive buyer thus making it not the first. 2, Why wasnt the 2015 kangaroo available to Australians given it has their currency denomination on it 3, why did they only surface after masive sales of the 2016, because the very same people who promoted the 2016 in america are the same ones who purchased all the 2015, s Of course flippers have been well and truly out flipped but I feel collectors have had the wool pulled over their eyes and this will happen again with more frequency if collectors continue to rush out and buy the 2015, s with a secondary premium that need not be there.
Interesting, According to BB's post where Perth Mint says " Since to satisfy market demand for 9999 silver, we altered our strategy to issue the more globally sought-after purity " Of course, according to Perth Mint thinking that an extra 1/10,000th extra purity is what the market demands ". They must be looking at the sales of Canadian Mint to warrant that idea. So we should expect a 2017 and many future Kangaroo bullion coins that replicates the Maple's sales potential ( including The Maples milk spots haha )....The jewellery cloth industry should expect overwhelming boost in profits in years to come.
Perth were advised via this forum "or" their blog to upgrade to 4 nines as to not get left behind. They were also advised that the market would like a Kangaroo bullion coin similar to the Royal Australian Mint products especially when there was talk of the RAM being sold off and continuity of the RAM Roo being discontinued. The suggested design for the silver Kangaroo came from members of this forum.
So, if the design of the Perth mint kangaroo coin was... ...only for the entire mintage of the coin to be sent overseas, with none withheld for the local market? That says a lot right there!!! Where's our 10% of the mintage. BUZZED & SOLD!!! Loyalty goes both ways...
Greg...maybe there is an allocation??? Who knows??? I think there's a few dealers who know plenty but are keeping tight lipped...bit like the clandestine restrike of the Kookaburra coins. All will come out in the wash sooner or later.
Interesting youtube clip although some on ss were well ahead of the deception as quoted first known 6th June. Perth mint may well have done some harm to their north american collector reputation more so than aussie collectors this time? https://www.youtube.com/watch?v=MYYeShRFf2k Now take a real good look at the 2015 in below clip to see it much more resembles the striking of the FWS than the 2016 kanga. https://www.youtube.com/watch?v=v6u5LXXSUSs The plot thickens.
That is exactly what they did! They held back the sales of an entire mintage to help ensure the successes of the 2016 were not hindered,they even had a 2016,s coin launch while holding and without mentioning the 2015,s they already had. Perth Mint is hiding behind a play on words with advertising where by saying "first ever" they can say they meant first ever 4 nines silver kangaroo coin not first eve Perth Mint silver Kangaroo coin. and it fooled everyone. It is now clear that wool has been pulled over almost everyone's eyes and it really doesnt matter much unless you are a collector who likes to have something first! Now there is not a single collector outside CNT control that had the very first 2015 kangas. Silver Stackers are being manipulated into that very same corporate dominat system they were shunning by buying silver in the first place! The Croc FWS and 2015 Kanga is now a collectable tri series investment grade 3 nines Perth Mint "trial run mintage" and the 2016 kanga is just a 4 nines mass produced investment grade silver coin to compete with Maples on the uSA market born from this tri series trial experiment! Look at the FWS! who would have rushed out to buy so many kangas with the same exact quality and mint style of the FWS like the 2015 kanga has? the kanga would have been dead before its first strike was sold out! Its now in my opinion all down to individual collectors to decide if the want of a 2015 kanga out weighs the deceit involved in making it a valued silver coin to them. This may indeed make them a high premium coin in the future but given this now can be done so simply "not in error" as it may have done in the past but in "the knowing" then this type of deceitful marketing will continue many many times over with many many coins making them the norm. Silversearcher addressed this issue in an old thread about how silver coins are now going the exact same way stamp collecting did for many stamp collectors. I will never buy a 2015 pm silver kanga or any other pm silver kanga! my 2016 will rest alone at the very bottom of my stack along with my FWS,s
The writing has been on the wall for a while. Yep, the over supply of too many coins pumped on the market has destroyed the collector value. Just like Australia post, Perth Mint cut their nose to spite their face through greed ( they are not alone ). The collectors and buyers are on to it. Another couple of years expect most people to give up buying these series. And all these coins purchased will be like a Hyundai car. Sent to the scrap pile and scrapped at spot. None of these will ever be classics.
Is it Perth Mint job to "make" any bullion coin a collectible, wouldn't it be more logical for PM to quantify success by numbers sold. If there was no 2015, 2016 at million a month minted and sold as I have read, will there be ever be a HUGE premium. Plus 300,000 isn't exactly a low mintage. As an example plenty of 1986 ASE on sale for AUD $39 to $45 that is small return on premium after 30 years. On another note, how would PM contrive to give silver collectors a high future return on 2016 Kangaroo, is anyone expecting to sell them for $130 in 2046 Note: if spot stayed the same, $130 is based on 5% compound interest for 30 years with initial purchase price.
