Golden said:
So you are boycoting Perth Mint... Unless you happen to be buying their stuff?
That's pretty much it!
I was getting a roll of each Lunar release and getting five each of the Koalas and Kookaburras every year to put into ongoing sets. I would also pick up a tube of each new offering like the Crocodile and I think there was a joint issue between Oz and the USA, that sort of thing. I have now stopped buying these products. I stopped buying Canadian Mint products a few years earlier for the same reasons.
Idea was that although you paid a higher premium you would definitely get it back when it came to sell and if I just left them in the safe for a few years it was a no-brainer.
Now I could open up the safe and find that the products are milk spotted so worth about spot and their current practices could easily hurt the collectiblity of their older coins, e.g. if the 2016 and 2017 Kookaburras are milkspotted, people won't want to collect them and won't want to build up a collection from previous years so nothing in my safe would appeal to them.
Something like this coin is likely to be milkspotted as well.
However they are all likely to be milkspotted so I am not concerned that my coin will be worth any less than anyone else's. And while I haven't bought any of the 2016 and I am not going to buy any of the 2017 or onwards the 2015 is more than just a milkspotted Perth Mint product. It has a great story behind it and it is the illegitimate first child of a very popular ongoing series (Fourth most popular Gov issued bullion product) and very limited mintage in a series of unlimited mintage coins.
I sprung for a whole two of them! If I wasn't boycotting the Perth Mint I would have been happy to snag a whole tube.
I can be pretty flexible on my boycotting
