Thanks but no thanks Perth Mint with your latest coloured coins released today. 3rd coin in the working dogs series, $97.50 mintage 5,000 and Duntroon 100 years $115 mintage 7,500 and Samurai coin last in this flop of a series $105 mintage 5,000. You can buy the 1st in this warrior series the Legionary for about $70. Gotta be joking at those prices, seriously. As release prices rise the number of people prepared to pay will decline. I dont see much margin for profit at all in buying these coloured coins at these prices hoping for a rise in the months/years to come. To make it worth your while with postage/selling fees you want a $100 coin to go to $150 and I dont see that happening anytime soon, MORE likely will be worth less that $100 in time to come. Also the boxed 1oz coloured Lunar Rabbits have shot up to $89.50 and sold out but the poor old 2009 coloured Ox still for sale at $75 - price not moved. 2011 carded Koalas also pushed up to $42.50 from $39 before Christmas.
I am going to have to let my mates who will be in the 2011 graduating class of RMC know about those coins. They wont care about future gains on the coin. IF I had still been with them I would get more than one...
Don't disagree GP but spot silver is about $30 an oz. Latest working dogs - $97.50, Duntroon - $115 and Samurai - $105. When silver was $20 an oz, the coloured coins were about $75 a pop. Spot price rises $10 an oz but the coloured coins up over $25 an oz. Hardly a proportionate rise.
I'd have a guess that as the spot price rose they would increase the $ margin but reduce the % margin. Small ticket items in my shop can bring an 80-90% GP, the bigger ticket items may only bring a 10% GP but more $ in profit.
