kg coins
- Thread starter dragafem
- Start date
H
House
Guest
Thought that a few days ago when I saw BB all of a sudden had 9 of both the Tigers and the Mouse...
Something strange indeed but as GP said there's no official word on remints so not sure what to make of it. No rumours on the internets either, aside from SS
Something strange indeed but as GP said there's no official word on remints so not sure what to make of it. No rumours on the internets either, aside from SS
I'll ask the mint on Monday.
If they have been reminted, it shouldn't come as a surprise - been known for a few years that the Series II kilo silver coins could be reminted at any time during the series.
If they have been reminted, it shouldn't come as a surprise - been known for a few years that the Series II kilo silver coins could be reminted at any time during the series.
dragafem said:House said:
I know but remember the 92 kooks when they have "re-appeared" on BB's site and we got soldthe rest is history...
Knowing some specific circumstances about that - it wasn't BB's fault.
goldpelican said:dragafem said:House said:
I know but remember the 92 kooks when they have "re-appeared" on BB's site and we got sold
Knowing some specific circumstances about that - it wasn't BB's fault.
yeah I guess but they tried to "cover" it as long as possible...
no harm feeling though..it is only business...understood
No, that's incorrect.
They were sold the coins in bulk and were told they were originals, not remints.
Not my business to comment further on it, but they weren't happy when they later found out they had bought reminted coins that would have been available direct from the mint at lower prices.
Then we all found out, customers started bugging distributors, distributors started bugging the mint, and the great Kookaburra remint of 2012 kicked in
They were sold the coins in bulk and were told they were originals, not remints.
Not my business to comment further on it, but they weren't happy when they later found out they had bought reminted coins that would have been available direct from the mint at lower prices.
Then we all found out, customers started bugging distributors, distributors started bugging the mint, and the great Kookaburra remint of 2012 kicked in
goldpelican said:No, that's incorrect.
They were sold the coins in bulk and were told they were originals, not remints.
Not my business to comment further on it, but they weren't happy when they later found out they had bought reminted coins that would have been available direct from the mint at lower prices.
Then we all found out, and the great Kookaburra remint of 2012 kicked in
thanks for the inside info GP
always appreciated
BB don't know either way but are under the impression it's original stock being offered in smalll quantities to a few dealers.
Ben told me the PM won't comment on the issue.
Hasn't let me down yet and I guess if they were remints they would have been offered a hell of a lot more.
Ben told me the PM won't comment on the issue.
Hasn't let me down yet and I guess if they were remints they would have been offered a hell of a lot more.
"Production of 1 kilo coins will cease at the end of the series."
From the 2011 bullion brochure (I have the 2012/2013 at work, I can check if it's in there again), and also requoted at http://www.perthmintbullion.com/au/...omer_Questions_About_Silver_Lunar_Series.aspx back in 2011.
Pretty clear. Don't pay a premium for kilo Lunars until 2020. Haven't checked Bullion Bourses prices, but the prices at Bullion Money seemed very good value.
From the 2011 bullion brochure (I have the 2012/2013 at work, I can check if it's in there again), and also requoted at http://www.perthmintbullion.com/au/...omer_Questions_About_Silver_Lunar_Series.aspx back in 2011.
Pretty clear. Don't pay a premium for kilo Lunars until 2020. Haven't checked Bullion Bourses prices, but the prices at Bullion Money seemed very good value.
dragafem said:
I didn't buy any based on that info actually. I'm not spending $1000+ unless I'm convinced they're old stock.
They have one thing going for them regardless however - the price is quite good.
I guess we just have to accept that at some stage it will happen, maybe not now but they got another 6 odd years to screw up
stackeract
New Member
Remints offered to wholesale customers:
http://www.perthmintbullion.com/au/blog/blog/13-01-11/Kookaburra_Mintage_Policy_Update.aspx#comments
"We have sold 1oz Snake with Lion privy mark silver bullion coins to a distributor. They will be offered via our bullion website in the near future.
The previous 1 kilo Lunar silver bullion coins were also taken by wholesale customers. Only current year Lunar are offered via the bullion website.
Kind regards
Stephen Ward"
Thank you very much Perth Mint for the massive instant loss on my kg lunars
http://www.perthmintbullion.com/au/blog/blog/13-01-11/Kookaburra_Mintage_Policy_Update.aspx#comments
"We have sold 1oz Snake with Lion privy mark silver bullion coins to a distributor. They will be offered via our bullion website in the near future.
The previous 1 kilo Lunar silver bullion coins were also taken by wholesale customers. Only current year Lunar are offered via the bullion website.
Kind regards
Stephen Ward"
Thank you very much Perth Mint for the massive instant loss on my kg lunars
My guess is that with the lower prices of silver since December there has been an increase demand for low premium silver. With the cessation of the Kooks remints and upcoming Lunar New Year it is not surprising that there is demand for the 1kg lunar coins. This looks like a response to customer demand. Look at the demand for ASE in the past few weeks.
Pirocco
Well-Known Member
Is it possible that those kilocoins weren't made available throughout the higher supply chain, but throughout customers selling silver back to dealers?
Because that is what I notice in my region. I see dealers now and then offer Lunars/Kooks/etc from older years. All of sudden. The 'new' articles appear, and later on disappear (likely due to sold).
Because that is what I notice in my region. I see dealers now and then offer Lunars/Kooks/etc from older years. All of sudden. The 'new' articles appear, and later on disappear (likely due to sold).
Regardless - Perth have always been open with the Lunar Kilo coins, so it's not the Mint's problem, it's new stackers or those out of touch with what's going on in the market.
If a person pays top dollar for a lunar kilo bullion coin before researching then they are at fault!
The market is full of tricks but when a person can google and...research via many avenues and still not understand...well...that to me is just part of learning. Learning cost money or... you could use the Silver Stackers Search engine to cut your losses.
Where the kilo coins came from is not important because you should be buying 5oz coins anyway!
If a person pays top dollar for a lunar kilo bullion coin before researching then they are at fault!
The market is full of tricks but when a person can google and...research via many avenues and still not understand...well...that to me is just part of learning. Learning cost money or... you could use the Silver Stackers Search engine to cut your losses.
Where the kilo coins came from is not important because you should be buying 5oz coins anyway!