2017 1oz Silver Swan from Perth Mint, Mintage 25000

Shallow_explorer said:
picturefun said:
So it ONLY worth to flip if the price goes to $40! Could that happen, yes, definitely. But too bad, in this market, the suckers who are willing to pay $40 for a BU coin (may NOT even come with a capsule! and NO COA or box either) is very very NUMBERED!
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Sour grapes from someone who missed the opportunity? Of course it comes in a capsule, read the APMEX description.

As to pricing, a roll sold on ebay for $800US, 5 hours ago. Lowest present BIN price is over $50US. Numerous coins have sold for $49-52US. Kooks sell for $35-$60 depending on the mintage and even the lowest minted kook has >3x the mintage of the Swan. I'm guessing the $50/coin price doesn't hold. 2 weeks from now, once people get their coins and more coins come onto the secondary market, the price will come down, perhaps to $40/coin, but then it will stabilize and begin to climb. No reason this coin won't be selling for $60/coin by next year when the second coin of the series is announced with a 50,000 mintage. At that point, the demand by new purchasers of the 2nd coins should drive the price of the initial swan to over $75US.

Here's hoping.
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LOL. sour grape? I did buy 20 coin roll, a little regret, THAT IS ALL!!!
 
barsenault said:
picturefun said:
barsenault said:
I've been a fan of the perth mint for years. As of late, I've been very disappointed with the spots issues. I'm sure at some point pictures will come about them being plastered with spots. I hope not, but it's wishful thinking. I personally think this will be a successful series. Another animal? It's a beautiful animal. Boring okay, but graceful and beautiful too. Did you mean you'd like to to do another god on a coin? Or a ship? Nah, I think they did well with this design, and the obvious fact is, the people did too...they voted with their wallets. I missed the ride. Oh well. But I'm happy for those who got in low and will hopefully sell at a high. If the folks on this thread got in at 24.00, they are smiling, and kudos to them. I see this selling all day every day at 35.00$. Kudos to you who bought. I just had a blast watching this semi-numi coin hit the market. I just hope the PM don't shoot themselves in the foot by producing a quality image that will eventually lactate. Ouch. All the best.
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let's do some math here, let's say those who jumped in earliest and bought this for $24.5 (cash price) from APMEX, and selling it for $35 on ebay

$35 -3.5 (ebay/paypal fee) - $3 shipping - 24.5 cost = $4 BIG profit, so what is the BIG DEAL?? I am not even considering the $25 monthly cost for opening an Ebay store! And for those who do NOT have a store and extra fee, the Ebay fee alone will be 10%!

So it ONLY worth to flip if the price goes to $40! Could that happen, yes, definitely. But too bad, in this market, the suckers who are willing to pay $40 for a BU coin (may NOT even come with a capsule! and NO COA or box either) is very very NUMBERED!
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Some of us don't always play the flipping game, and are looking for a long term-hold where prices stabilize at a higher price than when these were first bought, no matter what spot does. This way we are not being tossed to and from by every volatile move in the price of spot. Eagles, Maples, Phils, and other govt issued bullion coins go up and down in value based on spot...they maintain very little premium above spot price. Maybe 2 - 3 or a little higher. Whereas this semi-numi prices eventually gain traction in price when spot price goes up, but won't see the crazy down side when it slides either. That is of course if they don't get covered with milk spots. Lol. I'm living testimony of that when I bought the restrike kooks back in 2011 for about 30'ish dollars. They are still around that price if not higher, even though spot went down to 14 - 18. So there are good reasons to buy these...especially if one picked some up for $24.00, which I understand some did. Kudos. Anyway, have a super duper day my friend.

P.S. What is your calculation if one bought at 24.00 and sells at 60.00? Or 80.00? I'd say in percentage terms that is better than anything out there...
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you will need a real luck to find any SUCKER to buy a BU coin with 25K mintage for $60-80! Not to say there is none, but VERY VERY FEW!!
 
Definitely more than a few, take a look at eBay finished auctions

I've sold the 10 I had up for sale for the price of a full roll

Wish I had bought 100 like BB, if they selling for 75 a piece now, I hope they bring out another series, these things should soar in price.
 
Hahaha good stuff mate, I miss read one of your earlier posts, I still wish I had gotten a heap more though, I thought they would do alright but people are going silly for them
 
wow. Good for you BB. Smart move. Far more, than 200? Wowza. Kudos! I should have hopped on the bandwagon when I saw them flying off the shelves at APMEX. I guarantee you they have more, but they are waiting for the dust to settle, then will put them up for sale for about $50.00, or more is my guess.
 
picturefun said:
barsenault said:
picturefun said:
let's do some math here, let's say those who jumped in earliest and bought this for $24.5 (cash price) from APMEX, and selling it for $35 on ebay

$35 -3.5 (ebay/paypal fee) - $3 shipping - 24.5 cost = $4 BIG profit, so what is the BIG DEAL?? I am not even considering the $25 monthly cost for opening an Ebay store! And for those who do NOT have a store and extra fee, the Ebay fee alone will be 10%!

So it ONLY worth to flip if the price goes to $40! Could that happen, yes, definitely. But too bad, in this market, the suckers who are willing to pay $40 for a BU coin (may NOT even come with a capsule! and NO COA or box either) is very very NUMBERED!
Click to expand...

Some of us don't always play the flipping game, and are looking for a long term-hold where prices stabilize at a higher price than when these were first bought, no matter what spot does. This way we are not being tossed to and from by every volatile move in the price of spot. Eagles, Maples, Phils, and other govt issued bullion coins go up and down in value based on spot...they maintain very little premium above spot price. Maybe 2 - 3 or a little higher. Whereas this semi-numi prices eventually gain traction in price when spot price goes up, but won't see the crazy down side when it slides either. That is of course if they don't get covered with milk spots. Lol. I'm living testimony of that when I bought the restrike kooks back in 2011 for about 30'ish dollars. They are still around that price if not higher, even though spot went down to 14 - 18. So there are good reasons to buy these...especially if one picked some up for $24.00, which I understand some did. Kudos. Anyway, have a super duper day my friend.

P.S. What is your calculation if one bought at 24.00 and sells at 60.00? Or 80.00? I'd say in percentage terms that is better than anything out there...
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you will need a real luck to find any SUCKER to buy a BU coin with 25K mintage for $60-80! Not to say there is none, but VERY VERY FEW!!
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World is full of suckers, I guess.

Current sold prices on Swan Silver Coin, mintage 25,000, are average USD$60
33884581025_7fe892a950_o_d.jpg



Current sold prices on Krugerrand BU Silver Coin, mintage 1,000,000, are average USD$80
33040776854_2b1fbe63a4_o_d.jpg
 
I do agree, however, that there is waaaaay too much hype around these, and I think prices will settle around 35.00 over time (if spot stays around these levels). I think anything over 40 people are getting stupid. But that's just my opinion. The one thing it has going for it, is 25k mintage, but knowing the PM, we will see a swan with a koala privy, chinese privy, lunar privy, each with 25k mintage, so instead of the mintage being 25k, it will be 100k, and the price of the regular swan will tank to normal levels (i.e. At 18.00 spot, around 35 bucks). Lol. Just say'n, I've seen happen too many times before.
 
That's why you sell into the hype, take advantage of the hype, If your smart about it you sell enough to make your money back, then who cares what it does, if it skyrockets, sweet, if not, doesn't matter, if they get spots, doesn't matter, you have a bunch of coins that cost nothing, to sit and hold while the market is taking off hoping to get a bit more in year or 2 is stupid imo

Take advantage of the hype, if people are willing to spend $80 for a BU coin, awesome, I'll take that all day
 
LOL. sour grape? I did buy 20 coin roll, a little regret, THAT IS ALL!!!
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How can you regret buying these, you bag out a coin you went and purchased that is currently selling for twice what u paid

I don't understand your logic????
 
pre-order! :D

Reminds me of those folk who tried to pre-order Dragons. Dealer holds your money for months and then says he can't supply.
 
barsenault said:
I do agree, however, that there is waaaaay too much hype around these, and I think prices will settle around 35.00 over time (if spot stays around these levels). I think anything over 40 people are getting stupid. But that's just my opinion. The one thing it has going for it, is 25k mintage, but knowing the PM, we will see a swan with a koala privy, chinese privy, lunar privy, each with 25k mintage, so instead of the mintage being 25k, it will be 100k, and the price of the regular swan will tank to normal levels (i.e. At 18.00 spot, around 35 bucks). Lol. Just say'n, I've seen happen too many times before.
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Smiled a lot! Thank you for a tip!
 
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