Q&A with SS

Discussion in 'General Precious Metals Discussion' started by 10ozhound, Aug 3, 2013.

  1. 10ozhound

    10ozhound Active Member

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    As a fairly new stacker I have a few varied and likely simple (non thread worthy) questions that need answers and Im sure many on this site do to.
    Basic rule: ask a question get an answer, no question can be posted until the prior is answered.

    Q.
    What is a "lunar" coin?





    ...go
     
  2. DanielM

    DanielM Active Member Silver Stacker

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    A coin with the moon on it
     
  3. DanielM

    DanielM Active Member Silver Stacker

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    Basically any coin based on the Chinese zodiac, around here the perth mint series of these is probably the most popular, I'll find a really informative link for you..... Now
     
  4. DanielM

    DanielM Active Member Silver Stacker

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  5. Midnight Man

    Midnight Man Member Silver Stacker

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    A "Lunar" is a series of coin released by the Perth Mint. There are many coins in the series, both gold and silver: http://www.perthmint.com.au/search.aspx?SearchKeyword=lunar

    Personal opinion only here, but to me they're a numismatic coin, as opposed to a bullion coin. To explain further - coins can fall into two general categories, either Bullion or Numismatic (and some can be considered to be both in certain cases).

    A numismatic coin is appreciated for it's design and beauty, and most importantly usually, rarity. They will usually have a limited mintage, and will sometimes be proof coins (specially struck to enhance their design, and very carefully produced and packaged to preserve absolute perfection in the finished product. This would be one example of what I'd consider to be a numismatic coin: http://www.perthmint.com.au/catalog...eries-ii-1_20oz-gold-coloured-collection.aspx. Note this set is 1/5th an ounce of gold, the spot price of which is around $280, yet this set sells for $650. This is because it's a limited release (500 sets), and has a nice presentation case etc.

    A bullion coin on the other hand may well have a nice design and be beautiful, but the main reason for it's existence is the intrinsic value of the precious metal used to make the coin. Here is an example of what I consider as a bullion coin: http://www.perthmintbullion.com/au/Buy-Gold-Coins/1_20oz.aspx?size=11 Note this coin is the same weight as each of the coins in the item I list above, but note you can buy 4 of these coins for $452 as opposed to the $650 listed above. Note also that prices become cheaper the more you purchase, and note there is no limit on the mintage of these coins.
     
  6. 10ozhound

    10ozhound Active Member

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    Bam! Excellent answers. I'm now more knowledgable on the subject.
     
  7. tolly_67

    tolly_67 Well-Known Member

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    Do yourself a big favour and buy yourself something like the Greg McDonald coin and note book....you will be on your way in no time as to all the coin series and mint productions. Lots of fun to read as you build your stack and a good foundation for determining the best price for coins on offer. Even after 5 years, I still like looking through it...
     
  8. 10ozhound

    10ozhound Active Member

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    Thanks for the advice Tolly but It will be a cold day in hell when I purchase PMs on a numismatic value.

    Anyway on with the thread...
     
  9. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Are gold chocolate coins good for stacking to sell to fatties if there's a finanical collapse?
     
  10. danman49

    danman49 Well-Known Member Silver Stacker

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    Only if you stack them in a COOL place!
     
  11. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Buy silver coated now then swap for gold coated when silver coated go to da moon.
     
  12. danman49

    danman49 Well-Known Member Silver Stacker

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  13. 10ozhound

    10ozhound Active Member

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    Whats the deal win Friday postage?
    Why are some SS against it?
     
  14. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Because they don't like it sitting at the depot over the weekend
    Jewellers also do the same :D
     
  15. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Friday, beers, postage.. (They don't mix)
     
  16. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Poets day
     

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