Discussion in 'Lunar Forum' started by silverzman, Sep 1, 2013.
sold at 2 minutes process time...what the
Heck, the good news for me is at least I saved 400 I can spend else where. LOL.
I haven't tried to buy Australian proof coins before. They don't appear to be worth the frustration the PM puts buyers through.
Edit, at least I didn't get sucked into placing a previous order. Through emails, the mint told me that my order could be cancelled at whim if I didn't already have a prior order. Placing another order just to insure that I would miss out this time would have really made me happy.
Had a 34 minute process time (went quicker) and got no set. Damn.
There may be a few more sets reserved for phone orders too
1 kilo 2oz 1oz 1/2oz
Silver Content (Troy oz) 32.151 2.0 1.0 0.5
Monetary Denomination (AUD) 30 2 1 0.50
Fineness (% purity) 99.9 99.9 99.9 99.9
Minimum Gross Weight (g) 1003.002 62.270 31.135 15.573
Maximum Diameter (mm) 100.60 55.60 45.60 36.60
Maximum Thickness (mm) 14.60 3.60 2.60 2.30
Maximum Mintage 500 2,000 8,500 9,000
Designer Tom Vaughan Tom Vaughan Tom Vaughan Tom Vaughan
Well at least I got in the Goldstackers horsy deal for the 1 + 20....
I guess you cant win them all
FYI...As long as it says unavailable it means that they do have stock!
Possibly the 4 coins typeset
1500 for the typeset I reckon
BB, I normally avoid high demand coins. The pre Dragon lunars met my criteria for best available bullion silver coins with premium appreciation potential. If the horse premiums stay anywhere near current US prices, then lunars won't be my go to coins any more and it will be time to start selling them off. It was a good run for a while, but all good things come to an end.
Man, I was tempted to pick up one on eBay for 339.00, but I'm passing. Good luck all who are interested.
Snap it up. I just couldn't do it knowing I had one for 269.00 at my finger tips. But I guess if it goes up to 600.00, the 70.00 difference won't matter much. LOL.
Wow, that was quick. I hope I helped someone here. LOL.
No clue when my selling would start. The psychology of silver buyers probably won't change much until silver can break back above $30. Right now, you can't sell any quantity of lunars at a decent premium. One at a time yes, but not a roll. Since you were able to get the horses at a decent premium, it is likely that my original thesis of coming lower US premiums will be correct. The horses were going to be my last significant purchase anyway, so I am good with premiums staying up permanently or lowering.
It is hard to believe how much things have changed. My last major silver purchases was three years ago on September 3, 2010. The tiger premiums were around $3.85USD per coin on a 500 coin order. Silver was a little under $20. Now silver is only $24 and premiums are $8-12?
Dealers ain't stupid...they know what is happening behind the scenes...QE to infinity will eventually be silver and gold's horse to higher prices...pun intended.
If you believe in hyperinflation, it would not be wise to invest in lunars. Hyperinflation believers should be buying low premium bars/rounds or possibly ASEs. Rounds with 5% markups would make you far wealthier than lunars with 33-67% markups.
Dealers don't care about QE to infinity. Dealers make their profit off the markup. Hyperinflation = uncertainty = very bad times. With hyperinflation, someone could rob the dealer and split the proceeds with unpaid cops. Hyperinflation is not something you want to live through and will make you a target. I make it known that my pms are stored in safe deposit boxes. I don't tell which banks, but I make sure people know that I cannot get to the coins, except during banking hours. The banks also know that no one should be with me when I visit a deposit box, no exceptions.
Japan is likely to experience hyperinflation in the next couple of years. What happens to the Japanese will be a lesson for the rest of us.
Amen. Not much to add to that wonderful piece! I too hope it doesn't happens to us or Japan, for that is something I never to wish on anyone. Not sure how they or we get ourselves...and many other countries get ourselves out the mess we put ourselves in. You are absolutely right too about least expensive silver in hyper-inflationary times. It is the great equalizer? Meaning, who cares if you have a pretty horse vs. my ugly eagle...just give me a 1 oz piece to barter with to feed my family, correct? Maybe I should stop with all the lunar and panda (expensive numismatics), and start buying bullion? Like eagles? Which I have none of. Thanks much
Missed it, wonder if there are some available in the mint shop this morning.
For those of us in the US, I would think that 90% US silver coins and ASEs would be the go to silver for barter use. PM Lunars are very nice coins, but Joe 6 pack won't recognize them. A lot of people still remember the pre 65 coins and the ASE design is like the walking liberty half dollar. Bars, rounds and foreign coins may very well work too, but the easy sell will be the 90% silver. Since I am not in the hyperinflationary camp, I don't own much. But I do foresee a potential disruption of days/weeks in the supply chain and have enough 90% silver to cover a few weeks of food and gas purchases.
Amen. I don't have a lot of 90%. Some. But tons of kooks and lunar, and pandas...and a lot of numismatic coins: PM and Pandas...so,,I'd essentially be screwed in H-I times. :-(
The proofs are now unavailable too.
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