10oz lunar snake

D

dag108

Member
Silver Stacker
Hey guys

Seeing the 10oz snakes going for $266 at my local whixh is cheaper than the 10oz perth mint. Looks like a good deal to me anyone know reason for low premium for this coin/series??? Its still a minted coin?

Thanks in advance!
 
I would prefer a minted coin than a bar in this level.
The coin may attract a possible better premi in future whilst 10oz pm bar (not old PM bar) generally only follows spot.
 
Yeah that was my train of thought.....just wanted to make sure all was good and that I didn't miss the memo
 
dag108 said:
Hey guys

Seeing the 10oz snakes going for $266 at my local whixh is cheaper than the 10oz perth mint. Looks like a good deal to me anyone know reason for low premium for this coin/series??? Its still a minted coin?

Thanks in advance!
Click to expand...
These are not bad coins to invest. While not the hottest Lunar animals the mintage should be low enough (once Perth posts their numbers) to make it a worthwhile purchase
 
silverlover said:
These are not bad coins to invest. While not the hottest Lunar animals the mintage should be low enough (once Perth posts their numbers) to make it a worthwhile purchase
Click to expand...

If you don't mind the brain tap, what are the better lunar coins to look at please?
 
goanna said:
silverlover said:
These are not bad coins to invest. While not the hottest Lunar animals the mintage should be low enough (once Perth posts their numbers) to make it a worthwhile purchase
Click to expand...

If you don't mind the brain tap, what are the better lunar coins to look at please?
Click to expand...


Which coins fetch highest premiums can easily change over the life of the series and over time after the series. If you are looking to buy now, the coins with the highest premiums may NOT be the best to buy because there's no guarantee they will retain highest premiums. Instead, look at which premiums are lower and what each particular year's release might mean. For example, I always favor trying to buy a majority of coins from the first year of the series. Series 1 Lunars was 1st issue came in 1999, Year of the Rabbit while series 2 was 2008, Year of the Mouse. The interesting thing about 2008, besides being first year release of series 2, is that it was also the first year of overlap of series 1 and series 2 Perth Lunar coins. It could mean that initially less of each series for that year was purchased and later, these collectors may want to catch up to what they didn't get at the time because that was a double Lunar coin release.

It happened again in 2009 and 2010.

It seems like at this time, and maybe for not much longer, you can still get some good deals on eBay for 2008 Perth Lunar Mouse. If you find it for under $50 USD, that's a very good deal these days.
 
Ten oz snake could be a good buy but, it will depend if Perth resumes minting them. :)
 
goanna said:
silverlover said:
These are not bad coins to invest. While not the hottest Lunar animals the mintage should be low enough (once Perth posts their numbers) to make it a worthwhile purchase
Click to expand...

If you don't mind the brain tap, what are the better lunar coins to look at please?
Click to expand...

What Matthew said. Dragon could have been on the top if the Perth Mint didn't dip their greedy greasy hands into them.
 
mmissinglink said:
goanna said:
silverlover said:
These are not bad coins to invest. While not the hottest Lunar animals the mintage should be low enough (once Perth posts their numbers) to make it a worthwhile purchase
Click to expand...

If you don't mind the brain tap, what are the better lunar coins to look at please?
Click to expand...


Which coins fetch highest premiums can easily change over the life of the series and over time after the series. If you are looking to buy now, the coins with the highest premiums may NOT be the best to buy because there's no guarantee they will retain highest premiums. Instead, look at which premiums are lower and what each particular year's release might mean. For example, I always favor trying to buy a majority of coins from the first year of the series. Series 1 Lunars was 1st issue came in 1999, Year of the Rabbit while series 2 was 2008, Year of the Mouse. The interesting thing about 2008, besides being first year release of series 2, is that it was also the first year of overlap of series 1 and series 2 Perth Lunar coins. It could mean that initially less of each series for that year was purchased and later, these collectors may want to catch up to what they didn't get at the time because that was a double Lunar coin release.

It happened again in 2009 and 2010.

It seems like at this time, and maybe for not much longer, you can still get some good deals on eBay for 2008 Perth Lunar Mouse. If you find it for under $50 USD, that's a very good deal these days.
Click to expand...

I'm placing my bets on Lunar Horse S2. Hoping that silver stays in the low $20s and will jump on these puppies (or rather horsies) with both hands. Premiums should be reasonable and this was one of the hotter coins in the first series. Plus it's my lunar year so there is some confirmation bias there as well ;)
 
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