Why Chinese silver/gold coins have such a high premium?

Discussion in 'Silver Coins' started by syracuse, Oct 10, 2014.

  1. syracuse

    syracuse New Member

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    The highest premium overall in the world.

    Too much for me.
     
    syracuse, Oct 10, 2014
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  2. yrh0413

    yrh0413 New Member

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    you mean panda bullion gold and silver, or modern Chinese coins (MCC)?
     
    yrh0413, Oct 10, 2014
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  3. mmissinglink

    mmissinglink Active Member

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    Demand and sentiment usually is the main driver of high premiums I would think.




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    mmissinglink, Oct 10, 2014
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  4. AgAuNEWS

    AgAuNEWS Member

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    Plus there really not marketed outside of China (Panda excepted of course) and information on them is sketchy unless you read Chinese.

    Worst thing for me are the crap images they issue for the coins. Baaaad. Doubly so when you see how nice many of them are in the flesh.
     
    AgAuNEWS, Oct 10, 2014
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  5. Fat Freddy

    Fat Freddy New Member

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    As noted above --- "demand and sentiment", which means popularity. It's the same reason why Justin Bieber concert tickets sell out so quickly and at such high prices. Popularity.
     
    Fat Freddy, Oct 10, 2014
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  6. mmissinglink

    mmissinglink Active Member

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    You own a piece of Bieber, you own high value I think.





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    mmissinglink, Oct 10, 2014
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  7. yennus

    yennus Well-Known Member Silver Stacker

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    Demand and Supply... where the two lines meet = price (unless regulation alters that)

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    yennus, Oct 11, 2014
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  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    If Australia had over 1.3 billion people, I'm sure the Perth Mint could hike its premiums.

    Went to Mooloolaba fish markets the other day, we sell oysters for $16/dozen, they sell them for $17 - because they can. The pro up the road sells flake for about $13/kilo, Mooloolaba sells it for $29/kilo - because they can. Big market.
     
    mmm....shiney!, Oct 11, 2014
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  9. goldpelican

    goldpelican Administrator Staff Member

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    They have higher premiums from the mint. Most dealers apply roughly the same fixed dollar or percent markup to products of a given size, so higher prices usually reflect higher wholesaler costs.
     
    goldpelican, Oct 11, 2014
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