"Dragon-mania" prices

ytrader

ytrader

Member
Hi guys,

I'm relatively new to stacking. I've been trying to collect a set of PM Series II Lunars.
Curious to find out what were the prices for the silver dragons during the peak of "mania" era:

1oz
2oz
5oz
10oz
1kg

thanks in advance! :)
 
The 1 oz was $50 per coin for a roll of 20 from perth mint at time of issue as far as I can remember. Remember paying $80 each for 2 oz dragons in year of release. Picked up 5 ozers for $150.
 
silver kook said:
The 1 oz was $50 per coin for a roll of 20 from perth mint at time of issue as far as I can remember. Remember paying $80 each for 2 oz dragons in year of release. Picked up 5 ozers for $150.
Click to expand...

I see... that's not much different from what you'd pay on ebay now days...
 
They are dragons after all... High demand coin. And silver was around $40 an oz when they were first released and then started tanking afterwards towards the low 30s.
 
thanks guys, considering the fall in the silver spot, dragons have held up their value pretty well. hopefully the newer releases will have the same fate :)
 
I think I remember the 10 oz silver bullion Drag-on coins going for as high as around $600....it was shear madness and not worth paying those super hyped prices for a below average coin in this series.




.
 
I remember the only one ounce au I could find was 2500 so I bought the 2 oz instead.

Paid 960 for a roll from the mint I think. Spot was nearly 40 from memory.

Thems the days. A kilo was nearly 1300 from memory.
 
Don't wish to hi-jack the thread but it appears (in Europe at least) the price of the 1 oz dragon benchmark non-privy has crashed to be worth no more than any other lunar. In fact, at present a dealer I have used is selling the 1 oz horse at a premium of 2 Euros to the 2012 dragon! What is going on with these coins? How can they have plummeted to such prices when so many punters were paying so much more at release? That is one hell of a hair cut and kind of makes you wonder how much real demand was really there to start with and how much dealer hoarding was going on that has blown up in their faces?

They do appear (as a series ) to have had their day to me.
 
I'm simply watching and biding my time. When something comes up at a good price I'll be snapping it up to add to my lunar II collection. Plenty of time :)
 
I remember seeing ppl exchanging 1oz dragons for 1/20 gold coins in the hype. Perth mint had stopped minting them and prices were high. Ppl were selling 2ozs for up to $110. Prices were really high at the end of the year when the mint wasnt printing and started to fall early the next year when minting recomenced
 
silver kook said:
Don't forget when the Dragons came out spot was double what it is today.
Click to expand...


yes, and the hype was certainly at a fever pitch. I think most any of the lunar at that time would have been rocketed to the moon...okay, maybe not quite like the dragon...that thing was pitch fever high. wow.
 
Psychology made the Dragon fiasco easy to predict in advance. Both the PM and a lot of dealers got greedy and damaged the dragon lunar market. We shall see if the PM learned its lesson.
 
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