Perth Mint mintage policy

Discussion in 'Silver' started by Ron Currie, Nov 7, 2012.

  1. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,856
    Likes Received:
    1,126
    Trophy Points:
    113
    Location:
    Australia
    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
     
  2. stackeract

    stackeract New Member

    Joined:
    Aug 25, 2011
    Messages:
    284
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canberra
    I am pretty sure the 2oz Kooks got reminted recently, even though no one ever mentioned it.
     
  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,457
    Likes Received:
    105
    Trophy Points:
    63
    Location:
    Australia
    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.
     
  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,457
    Likes Received:
    105
    Trophy Points:
    63
    Location:
    Australia
    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 ???
     
  5. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,856
    Likes Received:
    1,126
    Trophy Points:
    113
    Location:
    Australia

    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
     
  6. Lunarowl

    Lunarowl Active Member Silver Stacker

    Joined:
    Jun 6, 2011
    Messages:
    2,354
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Lala-land [Sod-nee]
    Really? Where did you get this info? I haven't seen any dealers in Syd selling anything that looks like reminting..
     
  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,856
    Likes Received:
    1,126
    Trophy Points:
    113
    Location:
    Australia

    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! :eek: :D
     
  8. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,457
    Likes Received:
    105
    Trophy Points:
    63
    Location:
    Australia
    That confirms we are all confused so let us ask Ron to clarify

    Yes or no for each statement please Ron enlighten us.
     
  9. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,547
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    here but not there
    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.
     
  10. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,197
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    Exactly.
     
  11. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,197
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia

    You lost me...
     
  12. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,457
    Likes Received:
    105
    Trophy Points:
    63
    Location:
    Australia
    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
     
  13. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,856
    Likes Received:
    1,126
    Trophy Points:
    113
    Location:
    Australia

    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
     
  14. MasterID

    MasterID Member

    Joined:
    Jun 2, 2012
    Messages:
    204
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Singapore
    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?
     
  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,856
    Likes Received:
    1,126
    Trophy Points:
    113
    Location:
    Australia
    Ok, so I reckon my priority is the 2 oz and 5 oz Lunars :D 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 ;)
     
  16. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

    Joined:
    Oct 30, 2009
    Messages:
    6,612
    Likes Received:
    262
    Trophy Points:
    83
    Location:
    Sydney
    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.
     
  17. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,630
    Likes Received:
    61
    Trophy Points:
    48
    I'd of thought the koala was brought in to do just that and didn't work so well in some markets?
     
  18. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,547
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    here but not there
    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 :)
     
  19. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,954
    Likes Received:
    466
    Trophy Points:
    83
    Does the Royal Australian Mint have a similar policy statement? Or do they just stick to making coins in the year stamped on them?
     
  20. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,547
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    here but not there
    pretty sure the latter
     

Share This Page