We'll see come Monday. The volume breaks just seems out of whack for the kooks and lunars compared to the koalas. But as I said I haven't checked the prices on their site for a while.
I dont understand, what do you mean, according to the perth mint site, goats are for sale at spot+$13.16 (20 coins)
thought spot going up Now see a clearer picture, premium going up instead Not attractive, like I said " Not worth taking a day off work "
Sorry looking at it again I think I'm wrong on this one. It looks like not only have they increased the premium but they've also reduced the discount on the volume breaks (I remember last year for the horse the discount on the volume breaks were slightly larger). I have no idea what the people who runs the retail department at the Perth Mint are thinking. With the sentiment being as low as it is right now there is no way people are going to pay those prices. The goats are still readily available at all dealers at spot + $10 when last year the horses were all snapped up within hours, unless the allocation for the dealers this year are largely increased.
'last year the horses were all snapped up within hours' Obviously too cheap last year, hence the premium increase this year.
What about the 1oz horses? Are they still available at the old premiums? I'm in the US and can't see the Australian pricing - the website forces US visitors onto the US version of the site.
I think the Perth Mint are bordering on deceptive trading practices - on the first page for 1oz silver coins, the pricing is shown as below - which only applies to kookaburras! When you select koalas or goats, and go to the next page, you get higher pricing, as shown in the screenshots above by Ronnie 666.
Can do. I'll be in touch. I expect to get a roll each of the one ouncers plus some assorted 2 and 5 ouncers.
I believe the PM can charge whatever the market will support for their coins. If they want to add $4 across the board to the goats, I don't think that is an issue. What concerns me is that is clearly not the case. The bullion dealers are offering these coins at a significant discount, so it is apparent that the premium is being levied preferentially on the goats bought at the PM shop and by the on-line buyers. So, not only does the PM renege on their promise to allow their local supporters unlimited purchases at our morning meeting, but also they specifically ramp up the prices for their retail buyers while continuing to sell the product at usual prices to the dealers. You have to wonder what impact 17 people would have if they were allowed to buy unlimited coins, or if the Mint was so concerned about collusion with big players, a limit of 100 or 200 rather than a paltry 20. It would have no impact on the market. I never cease to be amazed how often and with such dexterity, the Perth Mint is able to put their foot in their mouth and annoy their strongest supporters.
Once again the Perth Mint has missed the opportunity that the Silver Stackers community has presented to them - they could have hosted this launch better and turned it into an Annual Event attended by many more (maybe even speaking to the State Government - Events Corp), instead they decide to penalize the attendees (some coming from the east coast), the marketing team doesn't realise their indifference has turned the launch into a non-event, the Perth Mint needs to see the asset this community is to them and show some respect.
as this has been discussed a million times on the forum seems like they prefer the overseas customers(and u need to understand that for their business perspective).... on the other hand Im still amazed that guys are still sucked into this lunar hype every year and then the complains are coming in for this and that reason about the mint and the series.... if u dont like the PM price increase buy horse instead from another dealer. oh and look,snakes are still available too after 2 years...what do u think what would happen to the goat???
I like the Perth Mint and its product ( 300, 000 ) this product will sell itself, I'm talking about the Perth Mint supporting loyal clients, competing and trying to get the good name of the Perth Mint out there and increasing and opening new market.
exactly, when you have snakes and horses still readily available who is going to want a goat? anyone buying into these early is going to get burned. There is no reason to rush into this, prices will fall naturally in the secondary market after a month. $34 for a goat? I can't even sell snakes for that price!
