Fake 1 kg silver koala 2011???

kevalie said:
always thought they look more like this;

http://www.coininvestdirect.com/en/silver_coins/koala-1kg-silver-2011.html
Click to expand...


Here's a vid kevalie.

The smaller denominations are all reverse proofs. As gp says the 1kg is frosted. :)

H


1kg 2011 Silver Koala

[youtube]http://www.youtube.com/watch?v=N_5XFW_zbCI[/youtube]



10 oz 2011 Silver Koala

[youtube]http://www.youtube.com/watch?v=eiysNyaQJKo[/youtube]


1oz, 1/10oz and 1oz with Berlin Bear Privy mark

[youtube]http://www.youtube.com/watch?v=7n2CEUaLRpU[/youtube]
 
I've got frosted 1kg 2011 kolas. That's just what they look like. Mind you I was a bit worried when I first got them.
 
Holdfast said:
The smaller denominations are all reverse proofs.
Click to expand...

Man I hate that term! How many people have been ripped off on eBay from buying normal Perth Mint bullion that's been advertised as "reverse proof" at inflated prices.
 
goldpelican said:
Holdfast said:
The smaller denominations are all reverse proofs.
Click to expand...

Man I hate that term! How many people have been ripped off on eBay from buying normal Perth Mint bullion that's been advertised as "reverse proof" at inflated prices.
Click to expand...

Only the Americans use that term :rolleyes:
 
goldpelican said:
Holdfast said:
The smaller denominations are all reverse proofs.
Click to expand...

Man I hate that term! How many people have been ripped off on eBay from buying normal Perth Mint bullion that's been advertised as "reverse proof" at inflated prices.
Click to expand...


I don't know how many people have been ripped off but on Ebay USA they are sold as Reverse Proofs aren't they?

There's never going to be world wide standardization on terminology.

So Perth call them 1oz Silver Bullion Coins. "That should be what they're called worldwide but they aren't"

Selling on Ebay USA, Canada, Germany / Europe, I've often seen "reverse proof" to describe Perth's bullion coins and to distinguish against silver bullion tubed coins.

Atleast folk in America aren't confused about a high quality uncirculated coin and a coin that is pumped out like tokens.

How many non Australian folk do you have on the forum gp? I'd say a fair swag are from overseas and know the difference between, reverse proof, proof, bullion, UNC etc.

Do you have a link in a sticky so that new people know the difference between the terminology used per country?

If you like, I'll refrain from using reverse proof on this forum and keep to "triple struck, encapsulated silver bullion coins" ;)

Best

H

PS:

Talisman Coins which is a distributor of Perth coins says this:

Australia 2013-P Year of the Snake Chinese Lunar Zodiac 50 Cents 1/2 Ounce Pure Silver Half Dollar Reverse Proof in Box
http://www.talismancoins.com/servlet/Detail?no=2092

Also

Australia 2013-P Year of the Snake Chinese Lunar Zodiac 50 Cents 1/2 Ounce Pure Silver Half Dollar Reverse Proof
http://www.talismancoins.com/servlet/Categories?keyword=Snake&oem=Australia

Confusion! Yes, but it's upto the individual investor to get to know the difference. Anyone could look at the boxed reverse prooof and think it is a proof coin but it aint; it's a boxed bullion coin :D
 
agreed, reverse proof is confusing term for new silver stacker like me.
i've been ripped off once (before join SS), but i learned a lot since then, many thanks to SS experts :).
 
http://www.talismancoins.com/servlet/Detail?no=2092

This is why it's a ripoff - $39.95 for a bullion coin from a roll of 20 just because it's been taken out of a shrink wrapped roll and placed into a $1 box.

They only admit this in tiny letters in the specification:

Finish: Reverse Proof(Specimen or Bullion)
Click to expand...

It's not a reverse proof, it's bullion.

I also happen to be a Perth Mint distributor with my other business - if they were called reverse proofs, they would be subject to 10% tax here. They're struck with bullion dies that just happen to have a polished area.

They are *not* proofs, reverse or otherwise. Calling them such is misleading to consumers, and charging $40 for a bullion half ounce coin in an aftermarket box just highlights it.

About 1 in 11 forum visitors is from the US, and a similar proportion from the rest of the world.
 
spannermonkey said:
goldpelican said:
Holdfast said:
The smaller denominations are all reverse proofs.
Click to expand...

Man I hate that term! How many people have been ripped off on eBay from buying normal Perth Mint bullion that's been advertised as "reverse proof" at inflated prices.
Click to expand...

Only the Americans use that term :rolleyes:
Click to expand...

There is no such thing as a "reverse proof".

The Americans use the term instead of saying "bullion of significantly higher quality than ASEs and crappy generic rounds".
 
goldpelican said:
http://www.talismancoins.com/servlet/Detail?no=2092

This is why it's a ripoff - $39.95 for a bullion coin from a roll of 20 just because it's been taken out of a shrink wrapped roll and placed into a $1 box.

They only admit this in tiny letters in the specification:

Finish: Reverse Proof(Specimen or Bullion)
Click to expand...

It's not a reverse proof, it's bullion.

I also happen to be a Perth Mint distributor with my other business - if they were called reverse proofs, they would be subject to 10% tax here. They're struck with bullion dies that just happen to have a polished area.

They are *not* proofs, reverse or otherwise. Calling them such is misleading to consumers, and charging $40 for a bullion half ounce coin in an aftermarket box just highlights it.

About 1 in 11 forum visitors is from the US, and a similar proportion from the rest of the world.
Click to expand...


Calling them reverse proofs is not confusing to consumers imo.

Perth refer to their bullion coins as reverse proofs in the American market because as you know, proof coins feature a shiny table and frosted design.

They are reversed on bullion shiny design on a frosted table.

H
 
Reverse proof is a deceitful term used to trick people that they are getting something better then bullion
 
goldpelican said:
See http://blog.perthmint.com.au/2012/09/04/individual-12oz-silver-proof-lunar-coin-offered-worldwide/ for an exact example - confused consumers asking the Perth Mint about "reverse proofs" misled into thinking that Talisman was undercutting the Perth Mint on the 1/2oz proof Snake.

Thanks for the correction Blog Team, seems I'll be buying a real boxed proof from The perth Mint.
Click to expand...

It is not a Perth Mint term.
Click to expand...


A well recognized term used in America which Perth are well aware of otherwise they wouldn't mention it on their official Blog would they?

The explanation of proof and reverse proof should not be confused with Reverse and Obverse which perhaps new comers could confuse.

Personally, I think Perth's description of their coins being bullion are BS although that is their official title as per Currency Act 1965.

The minting process at Perth does qualify the coins for a title above bullion, as does the packaging; the pricing may also indicate otherwise; afterall, Perth rate the quality of their coins as probably the best quality investor coins in the world.

How many bullion coins world wide are triple struck, and individually encapsulated, and often graded at 69 or 70 straight out of the roll?

Anyway, my aim in my original post was to highlight the difference in the Perth Mint 1kg Koala coin and the other denominations.

Regardless, the terminology reverse proof and bullion are embedded in markets here and overseas.

Thankyou for your thoughts.

H

c3da20fa.jpg

Source:
 
"used in America"

Dunno if it's being lost in translation, but it's not used by the Perth Mint except to clarify in this single blog post.
 
So did the 1 kg koala end up being a fake or not? :P
Boy some of these chatting's get really lost, & out there sometimes ;)
 
I'd like to know too. I've seen videos and read about how to spot fake maples, but with the 10oz and kilo coin from PM, how does one check?
 
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