Tracking the 2012 1oz Silver Dragon Secondary Market

Discussion in 'Lunar Forum' started by Apollo, Sep 2, 2011.

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  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I am sorry to say this but anyone who is prepared to pay more for the 1oz Dragon than a 2oz Dragon has soup for brains.
    99% of you guys won't be starting a lunar set so why don't you just get twice the silver for the same price or less; I am sure in the long run a 2oz Dragon will give you a better return.
    1oz Dragon at present has $40 of silver and $50-$60 worth of collector's premium
    2oz Dragon at present has $80 of silver and $15 worth of collector's premium
    When spot doubles, a 1oz Dragon will have $80 of silver and maybe up to $80 in its collector's premium. Whereas the 2oz Dragon will have $160 worth of silver as well as a collector's premium which will definitely be higher than $15
     
    Aurora et luna, Sep 19, 2011
    #181
  2. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Jaggard is planning to sell per roll only at $125 a piece (if anyone is desperate for a roll)
     
    Lunarowl, Sep 19, 2011
    #182
  3. fishball

    fishball New Member Silver Stacker

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    fishball, Sep 19, 2011
    #183
  4. Austacker

    Austacker Active Member

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    Austacker, Sep 19, 2011
    #184
  5. projack

    projack Well-Known Member Silver Stacker

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    projack, Sep 19, 2011
    #185
  6. lamp

    lamp New Member

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    Sorry guys and girls, the price that I'm selling probably does not justify/reflect the actual worth of this coin in the current market, I need cash flow that's all :)
     
    lamp, Sep 19, 2011
    #186
  7. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Lunarowl, Sep 19, 2011
    #187
  8. Apollo

    Apollo New Member

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    AEL, I agree with the rationale around this, I see only one key point of disagreement; the 1oz lunar dragon is limited mintage and the 2oz is not. This being the case, theoretically collector premium is unlimited (or at least very difficult to determine). Yes, currently the average premium on the 1oz is around 80AUD (with the occassional outlyers) and this is still with availability through local dealers. Once the supply of 1oz dragons dries up through the standard dealers, there is a potential that the premiums will increase past this point. This is definately a metal purist vs numismatic discussion though i dont think that calculating premiums is as clear cut as above.

    Personally i agree that if you had the choice to purchase a 1oz or a 2oz for around the 100AUD mark, i would go the 2oz any day of the week and twice on sundays (if the market was open!) :D

    Just my opinion.
     
    Apollo, Sep 19, 2011
    #188
  9. alor

    alor Well-Known Member Silver Stacker

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    the 1 oz are harder to get, so bullion buyer will go for other sizes many times over to make the shipping cost reasonable,
    majority of buyers are from overseas, so if there is a RUSH to buy, even a conservative 6 million ounces minted ready to ship will not last longer than 3 months.

    just my forecast :p
     
    alor, Sep 19, 2011
    #189
  10. PeeZapp

    PeeZapp Member Silver Stacker

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    Ok just put some stuff up on eBay and gumtree to see if there were some fools out there (as i feel bad gouging fellow stackers) turns out there are posted and sold a 3 coin set for 1400 in about 15 minutes and sold some 1oz bullion coins on gumtree for 125 each and the lady I sold too wants my other 3-coin set for around 1750 once she has the money
     
    PeeZapp, Sep 19, 2011
    #190
  11. Slam

    Slam Well-Known Member Silver Stacker

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    Wow,

    Slam
     
    Slam, Sep 19, 2011
    #191
  12. Austacker

    Austacker Active Member

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    Was that $1400 on Ebay Buy It Now ?

    $125 on the coins is good as well.
     
    Austacker, Sep 19, 2011
    #192
  13. Lightsview

    Lightsview Member

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    Lightsview, Sep 19, 2011
    #193
  14. PeeZapp

    PeeZapp Member Silver Stacker

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    Yep
     
    PeeZapp, Sep 19, 2011
    #194
  15. goldpelican

    goldpelican Administrator Staff Member

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    170696461873 (three coin set) sold for $1,724.89 AUD BIN.
     
    goldpelican, Sep 19, 2011
    #195
  16. Username

    Username New Member

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    Wait until silver's in a bubble... lol
     
    Username, Sep 19, 2011
    #196
  17. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Lol.. Note that the item is sold. So there are buyers out there. Most likely overseas collectors with deep pockets.
     
    Lunarowl, Sep 19, 2011
    #197
  18. Username

    Username New Member

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    If they are deep how do they get the money out.. they might not be able to reach it?
     
    Username, Sep 19, 2011
    #198
  19. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Did i forget to mention they have long hands :D
     
    Lunarowl, Sep 19, 2011
    #199
  20. Username

    Username New Member

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    hehehe you know what that means then...
     
    Username, Sep 19, 2011
    #200
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