Horrific milking already on the 2016 1 oz. Silver Kangaroos!
- Thread starter SpacePete
- Start date
barsenault
Well-Known Member
yeah, hopefully no one is surprised by white spots on this coin, or the crocs, or the funnel webs. It's just the way it is folks. Treat these the same way you would any other generic coin (eagle, phil, maple, elephant, etc..). A BIG FAT BIRD Turd. 2.49 over spot. POS. I'll stick with the Kilo Lunars...at about the same cost, and less chance of crap like these.
mmissinglink
Active Member
I will not buy 1 ounce of these coins...my money is better spent on low premium blobs which don't lactate.
.
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Maybe they did use RCM bullion blanks after all... :lol:
barsenault
Well-Known Member
they should be about .10 over spot, or maybe under. lol.
Yep, if Perth Mint were a private company, it'd never come to this.
You've got to think of the attitude of the Perth Mint to allow this to continue.
Here's the board members: http://www.perthmint.com.au/about_us_gold_corporation_board.aspx
Richard Haynes has been the CEO since July 1 2015.
http://blog.perthmint.com.au/2015/06/22/perth-mint-announces-new-chair-and-ceo/
I think he needs to do something radical. This is really damaging to everyone and isn't really being taken seriously, it's all words. Suspend production for a week. Fix the issues and move forwards.
You've got to think of the attitude of the Perth Mint to allow this to continue.
Here's the board members: http://www.perthmint.com.au/about_us_gold_corporation_board.aspx
Richard Haynes has been the CEO since July 1 2015.
http://blog.perthmint.com.au/2015/06/22/perth-mint-announces-new-chair-and-ceo/
I think he needs to do something radical. This is really damaging to everyone and isn't really being taken seriously, it's all words. Suspend production for a week. Fix the issues and move forwards.
sterling-nz
Well-Known Member
Collectors should well be disgruntled , but all of us STACKERS should not really care.Miloman said:
If you are a collector then do not buy , but if you are a stacker then you should be looking at getting these CHEAP on the secondary market from the upset collectors trying to offload these and others.
The coins i collect do not get milk spots as they are all government issue old style 50% and up.
I only want to get SILVER at the lowest price possible and this is my only goal.
I know i bought a bar over spot recently but the is just a few OZT out of many and shit it was just too pretty
HugeMetalFan
Member
damn that's a shame, its a good looking coin... will steer clear of them milky coins!
The new CEO has been in the job for 3 months.
Here's an article, Richard Hayes is the gentleman to the right.
Richard's linkedin account: https://au.linkedin.com/pub/richard-hayes/b/6a7/116
Perhaps he's not even aware of the issues? You never know. His bio reads him as super experienced and let's hope he can tackle the issues that Perth Mint are facing.
Here's an article, Richard Hayes is the gentleman to the right.
Richard's linkedin account: https://au.linkedin.com/pub/richard-hayes/b/6a7/116
Perhaps he's not even aware of the issues? You never know. His bio reads him as super experienced and let's hope he can tackle the issues that Perth Mint are facing.
Golden run at an end for Harbuz
Peter Klinger
June 23, 2015, 8:05 am
Ex-Perth Mint boss named chairman
Gold Corp CEO Ed Harbuz and his successor, Richard Hayes. Picture: Michael Wilson The West Australian
The global financial crisis was a far-from-happy experience for investors and business owners, though it proved a winner for long-serving Gold Corporation chief executive Ed Harbuz.
Announcing his retirement yesterday from the government-owned entity that operates the Perth Mint, Mr Harbuz rated Gold Corp's ability to make the most of rising demand for precious metals during the period of financial upheaval and un-certainty which continues to this day with Greece's economic drama as a highlight of his 12-year reign.
The GFC helped position Gold Corp, already one of the world's biggest refiners of mined gold, as a leading retailer of gold and other precious metals products.
The global advent of ex-change-traded funds focusing purely on gold, a result of World Gold Council marketing at a time when the metal regained its mantle as a safe-haven investment, further strengthened Gold Corp's business model.
Gold Corp's financial success has generated $130 million in dividends and tax-equivalents for the State Government over the past four years. Mr Harbuz will be succeeded by Gold Corp's long-serving chief financial officer Richard Hayes on July 1.
"It's been a good run," Mr Harbuz said yesterday. "We had the GFC and we capitalised on it when the demand was rising. The demand for precious metals has never dropped back to where it was before."
Yesterday's leadership change was accompanied by news Mr Harbuz's predecessor as Gold Corp chief executive, Don Mackay-Coghill, would return as chairman. The chairmanship had been filled on an acting basis by Ray Bennett, who stepped up when Kerry Sanderson was appointed Governor last year.
Silver Saver
Member
Much thanks for sharing, everyone.
I almost bought a few tubes.
I have decided to stay clear of it.
Nice coins but not worth it with those milky spots.
I almost bought a few tubes.
I have decided to stay clear of it.
Nice coins but not worth it with those milky spots.
Gatito Bandito
Active Member
Yep, apparently my fears have come true!
From the start, I said nice design, but concern over quality (even if it is "just bullion").
Really haven't purchased many modern Ag coins in months, partly because of stuff like this..
I've got plenty of other categories that I have the experience, familiarity & interest in -- and my budget can & does go into those, instead.
I'm not so sure I'll be going very heavy into the 2016 Ag coins of *any* mint.
And I really hope PM pays great attention to the quality of the '16 Kooks, because that's the one true highlight of the new line-up, IMO.
From the start, I said nice design, but concern over quality (even if it is "just bullion").
Really haven't purchased many modern Ag coins in months, partly because of stuff like this..
I've got plenty of other categories that I have the experience, familiarity & interest in -- and my budget can & does go into those, instead.
I'm not so sure I'll be going very heavy into the 2016 Ag coins of *any* mint.
And I really hope PM pays great attention to the quality of the '16 Kooks, because that's the one true highlight of the new line-up, IMO.
QUOTE - Sure those who sell the product won't tell you not to buy them, and why would they ! There is always someone out there who will buy a used car with a blown motor. Unfortunately, that used car will be just as quick in the wreckers as a milky coin is to a smelters crucible.
Ok that's just bullshit business practices by the Perth Mint.
Promise so much four 9 purity, security mark laser engraved oh and btw we didn't put a quality control department in the new building so they are going to look like shit.
Just a quick question, does this problem qualify for Perth Mints 30 day return policy?
Just wondering what would happen if all those people who pre-ordered them sent them back. Might be a wake up call to the Mint.
Promise so much four 9 purity, security mark laser engraved oh and btw we didn't put a quality control department in the new building so they are going to look like shit.
Just a quick question, does this problem qualify for Perth Mints 30 day return policy?
Just wondering what would happen if all those people who pre-ordered them sent them back. Might be a wake up call to the Mint.
Shame, I was going to buy a couple to take to the coin club to show the latest security features off, but none of the members would be interested in stealing any of these anyway.
I will take some of the older milk spotted coins along as many of our members do buy Perth Mint Products so it might be of interest to them.
I will take some of the older milk spotted coins along as many of our members do buy Perth Mint Products so it might be of interest to them.
