Maximum Mintage: The total quantity of a coin that will ever be struck. Unlimited Mintage: Relates to the completely unrestricted number of a coin that can be struck. Declared Mintage: Is the final production figure for a coin that has been closed-off before its Maximum Mintage is reached; or the final production figure for a Mint-to-Order coin or an Unlimited Mintage coin. Mint-to-Order: Relates to a coin which is minted in unlimited quantities within a stipulated period of time (eg 12 months from release). The total number of Mint-to-Order coins made in response to demand is declared after the manufacturing period has ended. http://www.perthmintbullion.com/au/Our-Bullion-Products/Mintage-Policy.aspx
Hi Holdfast Can you answer my questions as I see this whole thing unfolding as a disaster for all those people including myself stupid enough to buy PM coins !! I cannot fathom what Ron is saying - its contradictory and does not in my mind address the Koalas. I think its time that we got simple and direct answers not these convoluted and vague statements that can be interpreted in 5 different ways.
Can anyone answer these simple questions: My understanding is as follows 2009 or earlier 1oz kooks - can be re-minted ------------NO 2009 or earlier non 1oz kooks - can be re- minted-------NO 2010 and later 1oz kooks - can be re-minted-------------YES 2010 and later non-1oz kooks - can be re- minted-------YES 2009 or earlier koalas (all sizes) - can be re-minted-----NO 2010 and later koalas (all sizes) - can be re- minted-----YES That is my understanding Please correct me so we can all clarify this ???
Hi Ronnie. Here's a copy of Perth's 2013 mintage policy contained in their online brochure. 2013 Koala No mintage limit applies to these coins for 12 months. However, production will close at the end of 2013 and The Perth Mint will declare each coin's official mintage http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf Perth Mint Unveils 2013 Australian Bullion Coin Program http://www.perthmintbullion.com/au/...ils_2013_Australian_Bullion_Coin_Program.aspx
Really? Where did you get this info? I haven't seen any dealers in Syd selling anything that looks like reminting..
My understanding: :| 2009 or earlier 1oz kooks - can be re-minted ------------NO YES, Perth have already done that; (that's why we are seeing mint rolls of the Kooks in the market) the 1oz is a limited mintage. The sold-out mintages like the 2008, 2009 1oz Kookaburras have reached their mintage limit and will not be re-minted ever. 2009 or earlier non 1oz kooks - can be re- minted-------NO YES, the mintage policy says that Un-limited, NON 1oz Kooks can be reminted. 2010 and later 1oz kooks - can be re-minted-------------YES YES - The 2010, 2011, 2012 1oz Kooks have reached their mintage limit are sold-out, they will never be re-minted ever. If the 2013 1oz Kook doesn't reach it's mintage limit (1,000,000 coins) Perth have the right to mint those coins at any time until they reach their mintage limit of a million coins. 2010 and later non-1oz kooks - can be re- minted-------YES Yes - Those coins are un-limited issues, so if a large wholesaler wanted a particular coin minted, Perth would mint the coins the wholesaler requires. 2009 or earlier koalas (all sizes) - can be re-minted-----NO NO - Those coins were Mint To Order and are on sale for 12 months; at the end of each year no more coins will be struck, ever. 2010 and later koalas (all sizes) - can be re- minted-----YES NO - The Koala coins are Mint To Order, They are released for 12 months and then the mintage is closed forever. But I'm probably wrong!
That confirms we are all confused so let us ask Ron to clarify Yes or no for each statement please Ron enlighten us.
i am not bothered what they say as it will probably change tomorrow. i am marking all PM coins as unlimited mintage for ever then i wont get burnt.
My concern is that many of our members (including myself) have bought PM coins at premium prices and that premium has now been destroyed by the PM policy. The policy we have been given is confusing to say the least. Ron we deserve a simple answer. Also as uuuuuuumm says (hope I got all the u's) we need a statement that this is not going to change again. We have heard nothing about gold coins S1 lunars or gold S2 lunars ? and Koalas ???? Please Ron give us a clear and unambiguous answer. In the questions below non 1oz kooks refers to 2oz, 10oz, 1kg (just to be clear): 2009 or earlier 1oz kooks - can be re-minted ------------NO 2009 or earlier non 1oz kooks - can be re- minted-------NO 2010 and later 1oz kooks - can be re-minted-------------YES 2010 and later non-1oz kooks - can be re- minted-------YES 2009 or earlier koalas (all sizes) - can be re-minted-----NO 2010 and later koalas (all sizes) - can be re- minted-----YES
uuuuuuuumm, I don't think you'll get burnt if you stick to the lunars. 300,000 mintage on 1oz silver bullion as you know. All the others size silver bullion lunars apart from the kilo won't get re-minted. http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf Snake Lunar Series II Mintages No mintage limit applies to 1 kilo, 10oz, 5oz, 2oz and 1/2oz coins. Except for the 1 kilo release, production of these coins will close at the end of 2013 and The Perth Mint will declare each coin's official mintage.Production of 1 kilo coins will cease at the end of the series. A maximum of 200 10 kilo coins will be produced on a mint-to-order basis. However, production will close at the end of 2013, when the coin's actual mintage will be declared. The Perth Mint will produce up to 300,000 1oz coins. Production will cease when the mintage is fully sold or at the end of the series, whichever comes first. http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf
Agree with uuuuuuuumm.... the next to lead Perth Mint will probably want to have a say in changing the mintage policy. And who can stop them?
Ok, so I reckon my priority is the 2 oz and 5 oz Lunars At least I know they won't mint more at the end of the year. :lol: And I'll buy some of those 10 oz Perth bars
How about going one step further and asking the bullion collecting community what we'd like them to make? 'Cause, you know, we're the ones buying the stuff.
from what i can see Australian collectors are only a very small percentage of the mints customers it seems in recent years Germany etc.. are the ones who buy the most of their products and they are driving these changes. just a word to the wise sometimes markets are like wet paper bags and it pays to look after those who got you where you are today, leaving the Aussie collectors behind could be a fatal mistake. time will tell
Does the Royal Australian Mint have a similar policy statement? Or do they just stick to making coins in the year stamped on them?
