kg coins

Discussion in 'Lunar Forum' started by dragafem, Jan 20, 2013.

Page 1 of 3
  1. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    maybe its just me but isn't strange that kg coins show up at the same time at BM and BB from series2?

    I did not want to stress this anymore in the other post...
     
    dragafem, Jan 20, 2013
    #1
  2. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    Thought that a few days ago when I saw BB all of a sudden had 9 of both the Tigers and the Mouse...

    Something strange indeed but as GP said there's no official word on remints so not sure what to make of it. No rumours on the internets either, aside from SS
     
    House, Jan 20, 2013
    #2
  3. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    I'll ask the mint on Monday.

    If they have been reminted, it shouldn't come as a surprise - been known for a few years that the Series II kilo silver coins could be reminted at any time during the series.
     
    goldpelican, Jan 20, 2013
    #3
  4. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    I know but remember the 92 kooks when they have "re-appeared" on BB's site and we got sold :) the rest is history...
     
    dragafem, Jan 20, 2013
    #4
  5. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    thanks for that

    and yes it should not be a surprise but if they are....I dont wanna go there just yet...:)
     
    dragafem, Jan 20, 2013
    #5
  6. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    Knowing some specific circumstances about that - it wasn't BB's fault.
     
    goldpelican, Jan 20, 2013
    #6
  7. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    yeah I guess but they tried to "cover" it as long as possible...:) no harm feeling though..it is only business...understood :)
     
    dragafem, Jan 20, 2013
    #7
  8. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    No, that's incorrect.

    They were sold the coins in bulk and were told they were originals, not remints.

    Not my business to comment further on it, but they weren't happy when they later found out they had bought reminted coins that would have been available direct from the mint at lower prices.

    Then we all found out, customers started bugging distributors, distributors started bugging the mint, and the great Kookaburra remint of 2012 kicked in :)
     
    goldpelican, Jan 20, 2013
    #8
  9. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    thanks for the inside info GP :) always appreciated
     
    dragafem, Jan 20, 2013
    #9
  10. Aureus

    Aureus Active Member Silver Stacker

    Joined:
    Jul 7, 2011
    Messages:
    2,949
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Milky Way Galaxy
    BB don't know either way but are under the impression it's original stock being offered in smalll quantities to a few dealers.

    Ben told me the PM won't comment on the issue.
    Hasn't let me down yet and I guess if they were remints they would have been offered a hell of a lot more.
     
    Aureus, Jan 20, 2013
    #10
  11. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    yeah I dont really care either if they are remints or originals but dont forget PM just cleared the whole thing about the kooks and maybe here we go again? :/
     
    dragafem, Jan 20, 2013
    #11
  12. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    "Production of 1 kilo coins will cease at the end of the series."

    From the 2011 bullion brochure (I have the 2012/2013 at work, I can check if it's in there again), and also requoted at http://www.perthmintbullion.com/au/...omer_Questions_About_Silver_Lunar_Series.aspx back in 2011.

    Pretty clear. Don't pay a premium for kilo Lunars until 2020. Haven't checked Bullion Bourses prices, but the prices at Bullion Money seemed very good value.
     
    goldpelican, Jan 20, 2013
    #12
  13. Aureus

    Aureus Active Member Silver Stacker

    Joined:
    Jul 7, 2011
    Messages:
    2,949
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Milky Way Galaxy
    I didn't buy any based on that info actually. I'm not spending $1000+ unless I'm convinced they're old stock.
    They have one thing going for them regardless however - the price is quite good.

    I guess we just have to accept that at some stage it will happen, maybe not now but they got another 6 odd years to screw up :p
     
    Aureus, Jan 20, 2013
    #13
  14. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    6,521
    Likes Received:
    2,147
    Trophy Points:
    113
    Location:
    Sunshine State
    dragafem, Jan 20, 2013
    #14
  15. stackeract

    stackeract New Member

    Joined:
    Aug 25, 2011
    Messages:
    284
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canberra
    Remints offered to wholesale customers:
    http://www.perthmintbullion.com/au/blog/blog/13-01-11/Kookaburra_Mintage_Policy_Update.aspx#comments

    "We have sold 1oz Snake with Lion privy mark silver bullion coins to a distributor. They will be offered via our bullion website in the near future.

    The previous 1 kilo Lunar silver bullion coins were also taken by wholesale customers. Only current year Lunar are offered via the bullion website.

    Kind regards

    Stephen Ward"


    Thank you very much Perth Mint for the massive instant loss on my kg lunars :(
     
    stackeract, Jan 20, 2013
    #15
  16. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,183
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    While everyone (should have been) is aware that they could remint them at any point, why is it all so hush hush...

    I thought the PM were going to be more of an open book regarding minting!
     
    grinners, Jan 20, 2013
    #16
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    +1. That is why I have never owned a 1kg. No surprise.
     
    wrcmad, Jan 20, 2013
    #17
  18. digoxin

    digoxin Member Silver Stacker

    Joined:
    Jan 17, 2012
    Messages:
    549
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Melbourne
    My guess is that with the lower prices of silver since December there has been an increase demand for low premium silver. With the cessation of the Kooks remints and upcoming Lunar New Year it is not surprising that there is demand for the 1kg lunar coins. This looks like a response to customer demand. Look at the demand for ASE in the past few weeks.
     
    digoxin, Jan 20, 2013
    #18
  19. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,872
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    Is it possible that those kilocoins weren't made available throughout the higher supply chain, but throughout customers selling silver back to dealers?
    Because that is what I notice in my region. I see dealers now and then offer Lunars/Kooks/etc from older years. All of sudden. The 'new' articles appear, and later on disappear (likely due to sold).
     
    Pirocco, Jan 20, 2013
    #19
  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,631
    Likes Received:
    1,127
    Trophy Points:
    113
    Location:
    Australia
    Regardless - Perth have always been open with the Lunar Kilo coins, so it's not the Mint's problem, it's new stackers or those out of touch with what's going on in the market.

    If a person pays top dollar for a lunar kilo bullion coin before researching then they are at fault!

    The market is full of tricks but when a person can google and...research via many avenues and still not understand...well...that to me is just part of learning. Learning cost money or... you could use the Silver Stackers Search engine to cut your losses. :D

    Where the kilo coins came from is not important because you should be buying 5oz coins anyway! :p :D
     
    Holdfast, Jan 20, 2013
    #20
Page 1 of 3

Share This Page