Is this normal - 2015 Prices

Discussion in 'Silver Coins' started by clear, Aug 30, 2014.

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  1. clear

    clear Well-Known Member

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    Check-out the Perth Mint site

    Is this normal - the purchase price seems to be different for the 2015 1oz Kook ( $ 30.20) , Koala ( $31.22) , Goat ( $ 34.22)
     
    clear, Aug 30, 2014
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes it's normal that $30.20 is different to $31.22 and $34.22.
     
    sammysilver, Aug 30, 2014
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  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Wow !!! a $4 premium on the Goat (over the Kook/Koala) and volume breaks look pretty thin as well - not that you can order more than 20 ?
    For 20 the price is a few cents less at $33.97 that is $13 over spot (spot was $20.97 when the PM closed at 5pm on Friday).
    That is a hefty premium over spot - is that normal for a 1oz bullion coin ?
     
    Ronnie 666, Aug 30, 2014
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  4. clear

    clear Well-Known Member

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    thanks sammy - grow a brain
     
    clear, Aug 30, 2014
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  5. Kam

    Kam Active Member Silver Stacker

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    If I remember correctly, last year the mint was selling the Horse $36 when spot was $26, that's a $10 premium

    What justifies a 50% premium increase for a lunar year known to be less popular than previous year ??
     
    Kam, Aug 30, 2014
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  6. Kam

    Kam Active Member Silver Stacker

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    Also there's a big gap with the major dealers with all of them selling it around $31
     
    Kam, Aug 30, 2014
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  7. House

    House Well-Known Member Silver Stacker

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    Basic business practice I would guess. Every year they sell out of the 1oz pretty quick, keep bumping up the premium to take in a bucket load of extra $'s for no extra effort.
     
    House, Aug 30, 2014
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  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Will I see you on Monday at the Mint?
     
    sammysilver, Aug 30, 2014
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  9. clear

    clear Well-Known Member

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    would you like to meet me ?
     
    clear, Aug 30, 2014
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  10. black5wan

    black5wan Well-Known Member Silver Stacker

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    sammy will you be at CBD next Wednesday?
     
    black5wan, Aug 30, 2014
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    As long as your skin is clear. I'm a bit picky.
     
    sammysilver, Aug 30, 2014
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  12. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yep, flogging my Perth Mint haul at cost.
     
    sammysilver, Aug 30, 2014
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  13. clear

    clear Well-Known Member

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    Hi Sammy , not many going to the launch (no incentive to buy on the day) Im sure we will meet - I will introduce myself.
     
    clear, Aug 30, 2014
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  14. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    It is disappointing that the mint has decided to increase prices. Certainly going to impact sales at the PM shop.
    As usual the SS members who support the PM by going to these launches get hit with these prices.
     
    Ronnie 666, Aug 30, 2014
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  15. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Not cost effective, if taking a day off work with limit of 20 per person.
    With the price increase from the manufacturer :rolleyes:
     
    Golden ChipMunk, Aug 30, 2014
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  16. monopolize

    monopolize Well-Known Member Silver Stacker

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    I haven't checked the prices on perthmintbullion website for quite a while but those figures don't look right. The market is closed for trading and I'd be surprised if the prices weren't changed come Monday morning before trading begins.
     
    monopolize, Aug 30, 2014
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  17. clear

    clear Well-Known Member

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    Maybe the Perth Mint is not interested in retail sales (increasing the the premium and imposing maximum 20 coin purchase) and prefers to sell thru overseas distributors.
     
    clear, Aug 30, 2014
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  18. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    So are we expecting spot to go up on coming monday.
    Wow!!! To da moon already... We will see...
     
    Golden ChipMunk, Aug 30, 2014
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  19. monopolize

    monopolize Well-Known Member Silver Stacker

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    I mean the premium on the coins.
     
    monopolize, Aug 30, 2014
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  20. clear

    clear Well-Known Member

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    those price are correct and current, if spot moves those prices will move with spot, why not check for yourself.
     
    clear, Aug 30, 2014
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