Ok .So far ,so bad.The 2011 Kook has reached a limit of 500K The kicker is,could they not decide to "back issue" other years,if they so chose? As Mathew 26:14 ,suggested ..reasonable grounds for complaint to Fair trading.
Haha Good One ! Its like buying a car - Physical Ensuring it - 1st Level Derivative Ensuring in case the 1st insurer says i am sorry but we cant pay you out - 2nd Level Derivative !!
The Perth Mint have been authorised by the Commonwealth government to produce 300k 1oz silver Kookaburras for each year dated between 1990 and 2010. The fact that they may have not produced the whole 300k coins before the end of each year (within that date range) is irrelevant - they're allowed to make 300k coins with "1990" stamped on them, 300k coins with "1991" stamped on them, 300k coins with "1992" stamped on them, etc.
The bullion dealers taking Dragon pre-orders, are they hedged? Like if spot shot up to say $50 an oz in by end of August, would the dealers then be buying the Dragons from the Perth Mint for say $55 and oz? If so they'd be losing $15 an oz on every pre-order.
Cool!I always understood they could mint up to the 300 k limit. Your original post seemed to indicate that all years could have their mintage limit increased to 500k.Still not happy that they can increase even 1 year,but hope that trend does not continue
I think you'll find the prices are set automatically to follow spot. It's not a manual thing, just like most of the bullion dealers' sites.
The important thing to remember is that mintages are announced in advance. They announced the Kook mintage for 2011 would be increased before they released them, but previous years are capped at 300k because that's what that was the announced mintage was before each year was released. They can go back and make coins from previous years if the previous year's mintages hasn't been filled, up to a maximum of 300k coins, e.g. 1991 Kook sales were 278,136 so they can make another 21,864 before they hit 300k. Same deal goes with the Lunar II series - the 1oz silver bullion coin mintage was set at 300k coins per year date at the beginning of the series. They went back and did the 2008 Mouse until they hit the 300k limit and then stopped. The Koalas are unlimited, so they can make as many of them per year as they like until the next year's coin is released (and then they can make as many of those as they like until the next year's coin is released, etc.)
^ That popped up on my twitfeed as I was scrolling through, I noticed you're already 5th hit on da goog too haha
LoL, bought mine too early. Then again i was worried they might close the sale of Dragons if the numbers got to hi for them to guarantee .
As was mentioned ealier in the thread, the product page will be the 2011 rabbit page, modified to dragons, but the year details were forgotten. The cause of the end of the world remains to be the death of the US economy.
