New Zealand Mint

Discussion in 'Silver' started by LvM, Jan 21, 2011.

  1. LvM

    LvM Member

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    Does anyone have any experience with purchasing silver coins from New Zealand Mint in lots of less than $1000 for shipping to Australia?

    Any feedback, comments would be appreciated.
     
    LvM, Jan 21, 2011
    #1
  2. Apollo

    Apollo New Member

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    No experience though I was looking at the site today and it was listing quite a few coins as sold out... Been thinking about placing an order though like you be interested in others experiences too...
     
    Apollo, Jan 21, 2011
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  3. thatguy

    thatguy Active Member

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    "2.Product to Quote: Silver Fern 1oz
    Quantity to Quote: 100"

    E-mailed just recently for quote

    "Morning XXXXXXX

    The current indicative price to buy a 1oz Silver Fern is $NZD 44.70. We currently have a delay of approximately 3 weeks on the silver ferns.
    Should you wish to proceed with this quote please contact the Bullion Team on +64 9 377 6837

    Regards

    New Zealand Mint Bullion Exchange"

    bit steep for me ... :(
     
    thatguy, Jan 24, 2011
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  4. goldpelican

    goldpelican Administrator Staff Member

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    That's not a terrible price - about $34.28 AUD each. But seeing as you can buy Perth Mint coins cheaper...
     
    goldpelican, Jan 24, 2011
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  5. LvM

    LvM Member

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    I thought the current quoted price from Perth Mint was around $38 per 1oz Kookaburra. (Although obviously traders will sell for less)

    Either way, in my opinion, there are legitimate reasons why one would prefer to obtain PM from a private mint in NZ, over a government mint in Australia.
     
    LvM, Jan 24, 2011
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  6. f40

    f40 Member

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    What would those reasons be?
     
    f40, Jan 24, 2011
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  7. LvM

    LvM Member

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    Theoretically speaking:

    Anonymity - does one really want to be listed as a PM buyer with a government instrumentality?

    Ideology - if one does not like governments, why would one buy PM from them?

    It all depends on why you are buying PM.
     
    LvM, Jan 24, 2011
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  8. Matthew 26:14

    Matthew 26:14 New Member

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    Prefer my silver as coin, not generic rounds. If it was actually NZ currency might be more interested.
     
    Matthew 26:14, Jan 24, 2011
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