ARE OUR MINTS DEVALUING THEIR OWN PRODUCT ?

[-j-p-shmorgan]

^ If you don't like the price, just don't buy it...very simple.

Such pronounced wisdom there.
The point is Perth would do substantially more business here in the US with price competitiveness.
I just see it as missed opportunity on their end.

But hey, if they don't care about USA sales - that's fine. :lol:

Clearly wisdom is lost on you as it's quite obvious that you don't understand basic market principles. Try reading some of the comments in this thread by folks like Bron Sucheki...you may actually learn something about the PM and the market.

Unlikely.

 

[Golden ChipMunk]

Not just Australia Post, and there are other factors.

All Post Offices went mad on producing collector sets, first day covers, postcards, booklets, year sets etc. It was a good source of revenue for them, all they had to do was take a cheap piece of paper and print a high denomination on it. Then email came along, making letter writing a dead end.

Phonecards came out, with one design, so people collected them. Then all the telecoms decided that if people were going to collect them it would be a good source of revenue for them, all they had to do was take a cheap piece of plastic and print a high denomination on it. Then mobile phones came along, making public phoneboxes a dead end.

Now we are starting to see a rise in commemorative banknotes and the commemorative coin industry is well on its way, all they had to do was take a cheap piece of metal and stamp a high denomination on it. Then credit cards came along...

Funny you mentioned this. I just got another weekly email of new Perth Mint editions today. Had one last week also. This stuff is coming in like spam now. Now they are peddling the new high relief Koala's and a 2 0z Gold Wedge Tail Eagles and the list goes on and on and onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn. Being Australian, I'm embarrassed by the nature of the overpriced bullion these guys churn out. Churning out over inflated bullion may be one thing, but some of the designs they pumped out this year are appalling ( e.g The Lunar Goat and the 2015 Koala ), and some of the 2103 and 2014 designs were not that good either. This shows that they don't give a stuff anymore. There was time when companies had pride in their product, but pride went out the window years ago with this new lot at the helm. Long as the money rolls through the door that's all that matters for them. Don't be surprised in a decade that door may no longer be open. And that may be a good thing ! It may open up another door for a Aussie Mint who can take over and do a better job. I've already drop kicked Perth Bullion out of my bullion portfolio for the time being until they smarten up... Cheers

Really??

If I were you; I would have choose my Name and Wording carefully. you are a very sad person.
Firstly, Perth Bullion don't make their own rounds, they try to get others coins & round from different mint all parts of world.

I am sure the Mint try their best to cater for everyone desire.

You don't have to buy them if you don't like them. When thing are really good , do you guys really credit these companies???

Because the low premium are cheaper, ie, spidy just to keep the premium lower , just giv em a bit of Flu-spots :lol: :lol:

 

[Porcello]

On the gold side, though, I believe that PM has the best bullion coins in the world considering price/quality.

 

[silversearcher]

Not just Australia Post, and there are other factors.

All Post Offices went mad on producing collector sets, first day covers, postcards, booklets, year sets etc. It was a good source of revenue for them, all they had to do was take a cheap piece of paper and print a high denomination on it. Then email came along, making letter writing a dead end.

Phonecards came out, with one design, so people collected them. Then all the telecoms decided that if people were going to collect them it would be a good source of revenue for them, all they had to do was take a cheap piece of plastic and print a high denomination on it. Then mobile phones came along, making public phoneboxes a dead end.

Now we are starting to see a rise in commemorative banknotes and the commemorative coin industry is well on its way, all they had to do was take a cheap piece of metal and stamp a high denomination on it. Then credit cards came along...

Funny you mentioned this. I just got another weekly email of new Perth Mint editions today. Had one last week also. This stuff is coming in like spam now. Now they are peddling the new high relief Koala's and a 2 0z Gold Wedge Tail Eagles and the list goes on and on and onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn. Being Australian, I'm embarrassed by the nature of the overpriced bullion these guys churn out. Churning out over inflated bullion may be one thing, but some of the designs they pumped out this year are appalling ( e.g The Lunar Goat and the 2015 Koala ), and some of the 2103 and 2014 designs were not that good either. This shows that they don't give a stuff anymore. There was time when companies had pride in their product, but pride went out the window years ago with this new lot at the helm. Long as the money rolls through the door that's all that matters for them. Don't be surprised in a decade that door may no longer be open. And that may be a good thing ! It may open up another door for a Aussie Mint who can take over and do a better job. I've already drop kicked Perth Bullion out of my bullion portfolio for the time being until they smarten up... Cheers

Really??

If I were you; I would have choose my Name and Wording carefully. you are a very sad person.
Firstly, Perth Bullion don't make their own rounds, they try to get others coins & round from different mint all parts of world.

I am sure the Mint try their best to cater for everyone desire.

You don't have to buy them if you don't like them. When thing are really good , do you guys really credit these companies???

Because the low premium are cheaper, ie, spidy just to keep the premium lower , just giv em a bit of Flu-spots :lol: :lol:

Exactly Mr Chipmonk...I don't buy them as I don't want them ( Please read articles carefully and not snippets here and there ). I have mentioned that I dropped kicked them out of my portfolio. I prefer a torpedo kick but a good old fashioned drop kick goes quicker and further if done correctly...And who mentioned they don't make their own rounds ? Apart from you ! Once again read carefully and stop paraphrasing Mr Chipmonk. So if I sell you a hamburger and the ingredients are all imported and it taste like crap you would still be happy to eat it by the sounds of it. I for one will not put up with shoddy over leveraged bullion regardless of it's origin. You can take your hamburger and eat it Mr Chipmonk, and I'll take my shoddy overpriced bullion and shove it ( in a Ebay listing). I hope Perth Mints quality control and questionable over supply don't impact on your capsule sales Mr Chipmonk ? Have a pleasant day Mr Chipmonk

 

[sterling-nz]

^ If you don't like the price, just don't buy it...very simple.

Such pronounced wisdom there.
The point is Perth would do substantially more business here in the US with price competitiveness.
I just see it as missed opportunity on their end.

But hey, if they don't care about USA sales - that's fine. :lol:

I think the PM strategy is low mintage and lots and lots of different low mintage choice.
So if i am right and they are happy with their over priced low mintage coins by the hundreds ,then there is no need for the USA market as most Aussies and Kiwis suck up the issues of 5000 or less.
Make any sense?
I am so shit at explaining this stuff, but i assure you it sounds fine in my head,LOL

 

[Golden ChipMunk]

Exactly Mr Chipmonk...I don't buy them as I don't want them ( Please read articles carefully and not snippets here and there ). I have mentioned that I dropped kicked them out of my portfolio. I prefer a torpedo kick but a good old fashioned drop kick goes quicker and further if done correctly...And who mentioned they don't make their own rounds ? Apart from you ! Once again read carefully and stop paraphrasing Mr Chipmonk. So if I sell you a hamburger and the ingredients are all imported and it taste like crap you would still be happy to eat it by the sounds of it. I for one will not put up with shoddy over leveraged bullion regardless of it's origin. You can take your hamburger and eat it Mr Chipmonk, and I'll take my shoddy overpriced bullion and shove it ( in a Ebay listing). I hope Perth Mints quality control and questionable over supply don't impact on your capsule sales Mr Chipmonk ? Have a pleasant day Mr Chipmonk

Perth Bullion is not the same as The Perth Mint.

I hope Perth Mints quality control and questionable over supply don't impact on your capsule sales Mr Chipmonk

All business do have quality control.
Why should it be an impact on my sales??
Firstly, I don't make a living from selling em.
I am just providing private services here.
Thanks for yours concerns about my capsules.

 

[silversearcher]

Churning out over inflated bullion may be one thing, but some of the designs they pumped out this year are appalling ( e.g The Lunar Goat and the 2015 Koala ), and some of the 2103 and 2014 designs were not that good either. This shows that they don't give a stuff anymore. There was time when companies had pride in their product, but pride went out the window years ago with this new lot at the helm. Long as the money rolls through the door that's all that matters for them. Don't be surprised in a decade that door may no longer be open. And that may be a good thing ! It may open up another door for a Aussie Mint who can take over and do a better job. I've already drop kicked Perth Bullion out of my bullion portfolio for the time being until they smarten up... Cheers

Tell us how you really feel.. :lol:

Bit harsh, perhaps. But, we all have our preferences & opinions.


I thought some of their designs in 2014/2015 were (at least) fine.. Kooks, Koalas, Lunars.. Also a few others like the Stock-Horse, Wedge-Tail & Crocs, etc.

Had a couple instances of some quality issues, but that's pretty much a given for any mint (even over the years, decades & centuries of minting coins).


I've picked up various numbers & sizes of PM coins for those years above, probably the most of all mints, in terms of quantity, weight & dollars for modern pieces.

Even though I don't really collect kilo coins, I like the 2014 Kook so much that I got the kilo version, for example.

Don't have much gold, either.. So I have to be selective there. And I did grab a 2015 Kangaroo, which is pretty sexy, IMO.

All of that sort of says a lot, at least to me.



That's not to say that mints everywhere aren't cranking out tons of coin designs & variations these days.. PM certainly isn't the exception.

And when they put out lots of various products, inevitably they're not all going to be awesome to everybody. In fact, some will just plain suck, in the eyes of many.


But seems like they're trying to attract new market segments -- and perhaps they don't "suck" to them.. Like Trekkies, and Disney fans, and Asian-themed collectors.

Even planting the seed for the next generation of stackers/collectors, with products obviously geared towards those under 25 years old.. You know, that age group who you (or your heirs) will probably be selling your stack to years down the road.


Is it all too much? Probably.

And seems like quality issues have been creeping up, with milk-spots, die fatigue, etc. Should always be the #1 focus, regardless of how many designs.

Again, PM isn't alone in this. Doesn't make it right, but I wouldn't exactly single them out, either.

Hopefully they are here, reading & listening.


In the end, the market will decide -- by buying, and by not buying.

A company isn't going to keep pumping out products that nobody is purchasing.

Thanks for your comment. Your actually one of a few who laid out a relevant point of view. Yep no doubt PM are catering for niche markets like Trekkies, Disney etc. And sure the Perth Mint is not alone on this, as so many other mints are doing the same. Provident are pumping out a new designs all the time. And Yeager have poured bars for every occasion also. And the list goes on. It's all so much overkill. But, at the end of day it's about consumer confidence in a product and if their hip pocket can afford it. The Perth Mint in my opinion have let themselves down. When people pull out a stack of 2011 Kooks after not viewing them for a while and see that they are all milk spotted, you begin to question whether other Perth Mint coins do the same. Watching a new 5 oz Lunar Goat show signs of clouding on the Queens face also leaves me cold. Not to mention all my Funnel webs are spotty. And the way the Crocs and funnel web were poorly package in tubes. This is not the Perth Mint of yesteryear. The Perth Mint have changed the way they do things. As their milk spot issue started after 2008. So what has changed ? If you were a investigator, you look at " means motive and opportunity "! And that answers the belying issue. As after 2008 was the onslaught of the precious metals boom. Many of the mints globally suffered this phenomenon of milk spotting after 2008. Is this all coincidence ? Is this just happenstance ? I'd say there can only two possible answers. One is all mints have down graded quality control to make maximum profits post boom of 2008. Or the other factor which sounds so ridiculous but worth speculating is - sabotage ( deliberate seeding of planchets as suggested also by others ) ?.... I say planchets, as bars seem to be mysteriously devoid of milk spots. So if nothing has changed in the process since pre 2009 what could possibly alter the outcome or state of the silver ? All I can say something has changed in how silver coins are manufactured. And that change is the root cause of what seems to be a ongoing issue.

Cheers

 

[fishtaco]

For every wiseman there is another wiser!

Stackers/collectors are being "played" I knew that the moment I first read up about Lunas and the collector/flipper "lunacy" on SS. Dont own one never will!