S2 1 kg Lunar rabbit Prices

Discussion in 'Lunar Forum' started by Silver Bullion Boy, May 30, 2012.

  1. Silver Bullion Boy

    Silver Bullion Boy New Member

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    Hi folks, I have just seen a S2 1kg lunar rabbit on a bullion dealers website for nearly 1000 GBP!!! Why are these coins so expensive, as I thought the Aus mint would pump out as many kilos as was ordered? :/

    SBB
     
    Silver Bullion Boy, May 30, 2012
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Supply & demand
    Just because they can mint more it doesn't mean that they will
    How many were actually made is the question .Lunar kg coins always sell for more than a kg bar
    Unlike Kooks/Koala's which only get $50 premium over a bar
     
    spannermonkey, May 30, 2012
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  3. Silver Bullion Boy

    Silver Bullion Boy New Member

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    thanks for the reply, does the Perth mint run these coins for one year only? And do you think one of these kilo rabbits is worth purchasing at this price?
     
    Silver Bullion Boy, May 30, 2012
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  4. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Yes
    If you don't know your Lunars ,don't touch it
    Unless you can get it for 1kg bar price
     
    spannermonkey, May 30, 2012
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  5. Silver Bullion Boy

    Silver Bullion Boy New Member

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    Its well over 200 GBP on a bar so I am going to pass on it!
     
    Silver Bullion Boy, May 30, 2012
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  6. nickybaby

    nickybaby Active Member Silver Stacker

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    You can pick one up in aus for $1200 dollars, (which to mee seems a little expensive).

    so avaliable over here for about 800 pounds.

    Would be cheeper to ask a stacker to buy one hear for you and get it sent over.
     
    nickybaby, May 31, 2012
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  7. Silver Bullion Boy

    Silver Bullion Boy New Member

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    I would of asked someone, but with shipping over to Scotland and the fact that we get ripped off by the gov by wait for it'''' 20% vat on silver purchases it would make it out the question. I got caught out when I first started collecting/stacking with graded SAE's, it put the price up quite a bit on each coin once the UK customs and the post office got there fees. The post office over here handles collecting the fees for the customs so they charge you a wack also!! Rip off UK indeed!! There is no vat on investment gold which is the upside, they still tried to tax me on a gold buffalo proof that I imported in from the states though, total jokers!! I had to phone the customs and tell them their own laws!! LOL
     
    Silver Bullion Boy, May 31, 2012
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  8. fishball

    fishball New Member Silver Stacker

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    Pretty sure the 1kg lunar silver coins are 'open to continued minting' up until the end of the series II in 2019 or whenever.

    So I wouldn't touch that 1kg rabbit with a 10-foot pole but instead buy a 1kg dragon which relates to current spot.

    Maybe buy 12 x 1kg dragons and swap them later on for the others :p
     
    fishball, May 31, 2012
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  9. Silver Bullion Boy

    Silver Bullion Boy New Member

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    Hi fishball, thanks for the info! I am looking at maybe purchasing a kilo dragon sometime, a dozen I would like but I think the gf would kill me as I keep spending the holiday money on pm's!! LOL
     
    Silver Bullion Boy, May 31, 2012
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  10. dragafem

    dragafem Well-Known Member Silver Stacker

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    when I wanted to order 1xkg rabbit back in last year november pert mint told me they dont mint anymore...so who knows...
     
    dragafem, May 31, 2012
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  11. rbaggio

    rbaggio Active Member Silver Stacker

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    Last year, I'm sure they said the same thing to people trying to buy 1992 Kooks.

    1kg silver Lunars for ANY YEAR can be minted up until the end of Series 2. Just up to the Perth Mint if/when they will.
     
    rbaggio, May 31, 2012
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  12. malachii

    malachii Well-Known Member

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    They wont start the presses for just 1 - but if you put in a decent order (20+) then I'd say you might be able to convince them during a quiet time. But with them starting to spool up for the Snake release I'd say it would be now or wait until next year sometime.

    malachii
     
    malachii, May 31, 2012
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  13. Silver Bullion Boy

    Silver Bullion Boy New Member

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    Thanks for the info lads, I am going to give one of these a miss, I just dont see paying the high premium worth it!
     
    Silver Bullion Boy, May 31, 2012
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  14. goldpelican

    goldpelican Administrator Staff Member

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    Series II kilogram bullion coins can continue to be minted up until the end of the series - i.e. 2019.
     
    goldpelican, May 31, 2012
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  15. Silver Bullion Boy

    Silver Bullion Boy New Member

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    Cheers GP
     
    Silver Bullion Boy, May 31, 2012
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  16. thatguy

    thatguy Active Member

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    cannot imagine rabbit being reminted... tigers yes, dragons yes, but demand for rabbit would be to small to deviate from current year 1kgs
     
    thatguy, May 31, 2012
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  17. Matthew 26:14

    Matthew 26:14 New Member

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    I'd think the most likely candidate to be reminted would be the 2008 Mouse as its probably got the lowest mintage to date and hence highest secondary market premium (although the PM claim they dont look at that!).
     
    Matthew 26:14, Jun 3, 2012
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  18. goldpelican

    goldpelican Administrator Staff Member

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    It's not the mint that decides on what to remint - it's in response to a wholesale order from a distributor.

    Same logic would apply though.
     
    goldpelican, Jun 3, 2012
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