Perth Mint "The Simpsons" Coins

Discussion in 'Silver Coins' started by Soprano16, Jan 23, 2019.

  1. alor

    alor Well-Known Member Silver Stacker

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  2. silver kooka

    silver kooka Active Member

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    Just wait til they release the Bart he is way more popular than Homer.
     
  3. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    o_O
     
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  4. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    Emailed Perth Mint about whether they are selling any of the Homer's in bullion form:

    "Unfortunately we are unable to sell the Homer Simpson 1oz Bullion Coins. These coins are Nuie Legal tender due to being licensed products and so we cannot sell them as bullion items due to GST restrictions."

    :(
     
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  5. silver kooka

    silver kooka Active Member

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    Why not just sell them and whack the 10 % gst on them. Seems odd they can't sell a product they made. Also why are all the online dealers selling legal tender bullion coins from other countries without any issues? And there is nothing to stop me buying it from an overseas dealer as a bullion coin as long as the order is under $1000 AUD no gst will be applicable. Seems odd.
     
  6. OrlandoBob

    OrlandoBob New Member

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    To each their own, but I never rain on anyone's parade just because I didn't snag any particular coin.
     
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  7. malachii

    malachii Well-Known Member

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    They could sell them here and put GST on them but that is going to confuse everyone (bullion product with GST on it???). The coin was a complete sellout overseas so why muck around with all the hassle and bad press of adding GST here when you can bundle them up and send the whole lot to half a dozen dealers overseas and it's all done. No stress or confusion.

    And you're right - there is nothing stopping you re-importing them. But then they don't have to deal with any of the GST issues - it's all on you so again - why would they bother.

    GST and bullion is a dog's breakfast that no-one wants to voluntarily go anywhere near.

    malachii
     
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  8. Kelsey

    Kelsey New Member

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    We’re talking a Tuvalu Perth Mint novelty token here though ain’t we?
    Limited number so flippers are 99% of the buyers, sold out quick so that just increases the desire for some to snap it up at what the flippers are after.....
    Novelty will wear off pretty quick after a few more rounds of Perth Mint limited edition novelty tokens.........let’s be honest

    Agree though it’s not rocket science :)
     
  9. alor

    alor Well-Known Member Silver Stacker

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    for a flip, 5 x 59 = 295 => 130x5=650 profit 358
    can get a nice premium collector 10 oz bar with that profit
     
  10. malachii

    malachii Well-Known Member

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    Tuvalu is not just a "novelty token". Perth Mint are (rightly) very protective and proud of their association with Tuvalu and it has allowed them to produce many valuable collector coins (Red Back Spider is a prime example). Don't write off the collector value of a coin because it has Tuvalu on the back. There are many reasons why this makes it far more valuable than just a "novelty token" which anyone can produce and reproduce. These are governed and limited by Sovereign law.

    I doubt very much the "novelty" will come off these. Sure, future editions may not return as well but collectors love these sorts of things and the response at the World Money Fair in Berlin was huge.

    malachii
     
  11. tommyrogers

    tommyrogers Member

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    You are 100% right...couldn’t agree more.

    These Homer Simpson’s coins are definitely a lot more then just a random token. Firstly it passed Tuvalu central bank issuing authorisation, secondly it is licensed by simpsons. I doubt anyone else can mint either of these points going forward except for Perth mint

     
  12. tommyrogers

    tommyrogers Member

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    Can you Mint a couple since it is such a novelty token?

     
  13. Kelsey

    Kelsey New Member

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    Tuvalu doesn't have a currency issuing central bank, the currency issuing reserve bank for Tuvalu is the Reserve Bank of Australia.
     
  14. Kelsey

    Kelsey New Member

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    You've lost me on this one :confused: , there's a million and 1 novelty items on the planet I couldn't personally make, doesn't make them any less a novelty.
     
  15. tommyrogers

    tommyrogers Member

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    That makes it even more worth while considering RBA is held in high standing in the global central banks
     
  16. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    I think the novelty coin in US is a success cos Homer is one of highly popular tv character in there. Some dubbed him as one of the influential people.
    I love his word DOH!

    DOH! I havent got any yet ... DOH!
     
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  17. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    New Simpson coin just released

    "The first release in the five-coin character series features Homer Simpson"

    [​IMG]

    You can also sign the subscription list, so that you can get the other 4 coins of the set as they release them (Bart, Marge, Lisa, Maggie)

    Homer is the first release, now available, and mintage of 5k

    https://www.perthmint.com/catalogue/the-simpsons-homer-2019-1oz-silver-proof-coin.aspx

    And here is the subscription form, which also states the release dates for the other 4 upcoming coins

    https://www.perthmint.com/documents/Order Forms/The Simpsons Subscription Order Form.pdf
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    cheers
     
  19. Kelsey

    Kelsey New Member

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    Don't get me wrong I have nothing against non legal tender silver tokens, I've collected a few myself before.

    Always though slighlty disappointed in Perth Mint releases that aren't Australia Legal Tender. I would have grab the new Periodic Table one instantly if it had been :(
     
  20. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    The restrictions on what can be Australian Legal Tender is fairly onerous. It needs to have an obvious Aussie affiliation.

    Homer drinking a beer, would never pass muster.

    I've suggested a number of coins for custom minting in the past. Could get Tuvalu (Like the Back to the Future series) but not Australia.

    Ck.
     
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