My understanding is that the kilo proofs can NOT be reminted after the close of the year of that particular coin....only bullion kilos can be reminted past the close of the year for that coin (and until end of the series). Am I correct in this understanding?
It's a plausible scenario. In the end, some people all of sudden decide to swap an entire bank savings account to precious metal, and then it's expectable that they own alot from a certain year. I'm an example myself, in silver then, I'm not rich enough for hundreds oz gold lol, but I have hundreds kilo's coins dated 2011; including 25 Lunar kilo/10kilo rabbits. So when I in some future decide to sell that lot, some people may think the mint produced more too. That guy surely did better with his gold than a bank account would have been. Even with not selling at a top ($1900 in 2011).
Well, Ron Currie (or someone else from the mint, don't remember) said here that they will do a stock take early this year of the newer numismatic coins (after 200x) and then close off the mintages. He also said that they won't remint any of them until then. At least that is what I remember, maybe someone can point to that statement. But do I really believe this? I'm not so sure anymore...
<< they probably could with a different packaging >> Hmmm, and I guess therein lies the dismay that so many collectors seem to have with the PM...justifiable dismay.
Since the PM reminted The whole 2 0z proof set (the first 6 so far) it seems they will remint any amount of the proofs as they want , just in different packaging so it is unlikely they will remint the 3 coin proof sets, they certainly could remint any of them in different packaging I guess until the end of time ?? even though it says on the COAs "no more than x amount of these coins will be released" , this is at the heart of some of their policies that I think is dishonest . So i guess they could make a number of proof remints as long as it is in different packaging , just another reason I am done with perth mint other than maybe bullion at a low premium or I just really like something.
You mentioned the outrage for the Kookaburras in this thread, "not me". In relation to this thread the Kilo lunar mintage policy has always been open and clear for all to view and...imo, the Koala coins have also had a clear and open mintage policy. You are refering to the Kooks, which is a completely different ketal of fish! Most people didn't know the mintage policy for the Kooks back in the 1990's and early 2000's and of course the Kook re-striking issue has been put to rest because a few people got off their arse to prevent further re-strikes. I was outraged by the re-striking of the earlier Kooks because, to me, and many other Kook collectors, Perth's restriking of the Kooks was a "Covert-Operation". There's never been an issue with the Koala coins or Lunars because Perth's policy has been frank and open. Stackers have known and expect the Kilo Lunars to be re-struck. H
I think this thread should be stickied or at least a mention in an existing sticky somewhere about the fact 1kg series 2 lunar coins can be reminted until 2019 This is in order to save future complaints from new members (who may not have even joined SS yet) Thoughts?
No they cannot, and it is not all kept a secret. It is all in the open. For example, 2008 Mouse: http://www.perthmint.com.au//documents/2008_Perth_Mint_Numismatic_Coins080113.pdf What does "Declared Mintage" mean? Refer to: http://www.perthmint.com.au/mintage_policy.aspx
Sorry, I was just expressing my sympathy to those who were annoyed in the thread, and didn't think to look any of it up, as I'm not particularly interested in bullion coins myself. Having said that, to someone who is relatively new to it all, all the different designs and types and sizes can easily overwhelm someone who takes an idle interest in it, especially when you are trying to find answers which in my opinion aren't easily found on their website. I know they are re-minting only the 1kgs, but are they reminting only bullion coins, or bullion and proof?
In short, the reminting is just to snag a part of the collector based profit away from existing owners. What else? I can only agree with the statement that a coin with a year stamp on it should not be produced anymore in later years. Basically this reminting is part of a scam, the selling side (dealers) touts out additional collectors value as an argument to buy them, but then they reproduce and sell them on a market, screwing their own argument.
