Kilo proof coins

[mmissinglink]

Someone should start an online petition to get Perth Mint to change their mintage policies. This would be the best way to let them know of the general discontent among collectors/investors I would think.

You can leave a comment here: http://blog.perthmint.com.au/2012/1...ntage-policy-heres-the-basis-of-our-thinking/

I've tried several times to leave a message but when I click submit, I always get this error message: "Spam Free Wordpress could not retrieve the password from the server. Contact support."

I don't see that one has to be signed up in order to leave a comment so why do I get this error message?

 

[stackeract]

I've tried several times to leave a message but when I click submit, I always get this error message: "Spam Free Wordpress could not retrieve the password from the server. Contact support."

I don't see that one has to be signed up in order to leave a comment so why do I get this error message?

Maybe your comment is considered spam. Check their comment policy if your comment meets their criteria.

 

[stackeract]

To the best of my knowledge this is the run down on Series 2 Lunar coins:

Bullion:
1oz - Can be minted up to their 300k limit anytime until end of series
1 Kilo - Can be minted in unlimited quantities anytime until end of series
Other bullion sizes (1/2oz, 2oz, 5oz, 10oz) - Can only be minted up to the end of the issue year in unlimited quantities

In a blog discussion from 2010 (see here: http://www.perthmintbullion.com/au/..._On_Mintages_Of_Perth_Mint_Bullion_Coins.aspx )
Ron Currie said:
"We have no intentions of striking previous 10oz or kilo Kookaburras why would we when the current year is unlimited?"

In the same blog, he said "I'd also like to point out that we reserve the right to sell older 1oz and 1 kilo silver Lunar Series II coins. This is stated clearly in our Silver Bullion Coin brochure".

Now my question is this: why would they sell older 1 kilo silver Lunar Series II coins when the current year is unlimited???????

 

[Nedsnotdead]

Re-mint kilos in all years in 2019 before they start series 3. There would be a mad scramble to secure all years in kilos to complete a set. They will make a mint!

 

[Holdfast]

For bullion I have no problem with reminting till limit is reached. It's for the numismatic coins that I feel the policy MUST be different because it is a numismatic coin and therefore the value is based on different sets of variables like the very low max mintage, the quality of the coin and its packaging, etc..

mmissinglink

Consider that bullion coins do become collector coins.

Many of the Kookaburra coins with low mintages had a very good premium before Perth decided to re-strike the coins.

As an example, in October, a 2004 1oz Kookaburra was selling for about 75 bucks, the 2004 re strike coin is selling today for about 38 bucks.

You can see that re-striking the bullion Kookaburra's by Perth was as Bullion Baron says, throwing collectors under the bus.

imo, there was no need to re-strike the 1991, 92,93,94,95,96,97,98,99,2000, 01,02,03,04,05,06, 07 Kooks.

The policy has harmed Perth reputation in Australia and Overseas and has kicked the collector and stacker in the nuts.

There's many guys on this forum and others that collected a whole set of kook bullion coins, they paid good money to collect those coins but now their sets have depreciated because of Perth's ridiculous actions.

Anyway, what's done is done, I just hope the prices of these collectible bullion coins appreciate in the years to come and that those people who do buy bullion from Perth don't get screwed over again.

H

 

[mmissinglink]

For bullion I have no problem with reminting till limit is reached. It's for the numismatic coins that I feel the policy MUST be different because it is a numismatic coin and therefore the value is based on different sets of variables like the very low max mintage, the quality of the coin and its packaging, etc..

mmissinglink

Consider that bullion coins do become collector coins.

Many of the Kookaburra coins with low mintages had a very good premium before Perth decided to re-strike the coins.

As an example, in October, a 2004 1oz Kookaburra was selling for about 75 bucks, the 2004 re strike coin is selling today for about 38 bucks.

You can see that re-striking the bullion Kookaburra's by Perth was as Bullion Baron says, throwing collectors under the bus.

imo, there was no need to re-strike the 1991, 92,93,94,95,96,97,98,99,2000, 01,02,03,04,05,06, 07 Kooks.

The policy has harmed Perth reputation in Australia and Overseas and has kicked the collector and stacker in the nuts.

There's many guys on this forum and others that collected a whole set of kook bullion coins, they paid good money to collect those coins but now their sets have depreciated because of Perth's ridiculous actions.

Anyway, what's done is done, I just hope the prices of these collectible bullion coins appreciate in the years to come and that those people who do buy bullion from Perth don't get screwed over again.

H

Yes, I understand the angst that bullion collectors may have but the PM is clear when it comes to the Lunar 2 series 1 oz bullion coins. They reserve the right to mint them up to 300,000 till the end of the series. That is not a hidden from the public....it's clear in their literature. No one can complain that they couldn't possibly know this. Now it may be different with the 1 oz kooks....I haven't read the PM policy on Kooks because I am new to coins/precious metals investing and fell in love with the Lunar series.

The fact that the 2008 Mouse saw new minting in 2011 to fulfill the 300 k maximum limit is not poor policy by the PM because they made it clear from the beginning what their policy is on the 1 oz coins. It's actually to many collectors benefit that the 2008 Mouse saw the final batch minted in 2011 because it gives an opportunity to new people who were not collecting in 2008 to get a beautiful coin at a very reasonable price....and that applies to long time collectors as well....they are still able to take advantage of the better than average pricing on the 2008 coin. If I wasn't so strapped for money right now, I'd grab up whatever remaining 2008 Mouse that APMEX still has available before the value jumps way up on them when they are no longer available like they are at the moment.

 

[Holdfast]

It's just not the bullion coins; it's "All" limited mintages, including proof, collector coins etc etc etc in Gold, Silver, Platinum, Palladium.

I'm not singling out Kooks or lunars.

I'm trying to highlight how the whole market is affected.

Please view post 58 as a guide.

http://forums.silverstackers.com/topic-33294-perth-mint-mintage-policy-page-3.html

Also

Perth Blog

http://blog.perthmint.com.au/2012/10/26/perth-mint-mintages-what-we-mean/

And this

http://blog.perthmint.com.au/2012/10/09/high-reliefs-make-deep-impression/

 

[stackeract]

Reminting (over 20 year) old coins and deliberately upsetting the collectors market is just the single most stupid thing that the Mint can do. Flooding and killing off the market with thousands of dragon variants is the second most stupid thing, but reminting old coins beats it all.

Maybe Greece and Italy should remint some of their 2000+ year old coins and sell them to collectors in uncirculated condition. Or how about reminting some of the old souvereigns and pennys?

 

[mmissinglink]

It's just not the bullion coins; it's "All" limited mintages, including proof, collector coins etc etc etc in Gold, Silver, Platinum, Palladium.

I'm not singling out Kooks or lunars.

I'm trying to highlight how the whole market is affected.

Please view post 58 as a guide.

http://forums.silverstackers.com/topic-33294-perth-mint-mintage-policy-page-3.html

Also

Perth Blog

http://blog.perthmint.com.au/2012/10/26/perth-mint-mintages-what-we-mean/

And this

http://blog.perthmint.com.au/2012/10/09/high-reliefs-make-deep-impression/

You ONLY referred to bullion coins sold by the PM in your previous message, that's where I addressed my response.

I think that we can all agree that the PM still needs to clarify some points. I just got off the phone with a customer service agent at the PM, literally a minute ago, and even he doesn't know what the policy is. Language the PM uses like this, "It simply demonstrates the Mint's prerogative to mint bullion and numismatic coins to their Maximum Mintage over time while interest remains" is confusing. What precisely does "over time" mean? The PM agent wasn't even sure if I could or couldn't order a 10 kilo Mouse today. That tells me that even their own people are not sure....or not trained well enough.

 

[Luker]

Today I received my 2013 1 kilo Silver Proof Year of the Snake (SII) which I purchased from Talisman Coins. It was my first purchase ever from the company. Although it took a little longer to receive than I am used to, I am completely satisfied and happy with the coin, and I think it was a steal at $1399 US. When I had some initial concerns about how long my order was taking to process, the company representative was very professional and allayed my concerns by responding to my e-mail promptly with a phonecall. I would definitely use this company again (but for an item that is low in stock on their website inventory I would recommend first calling the company to verify the current stock supply and estimated time of delivery) . So here is my 2013 kilo Snake (mintage 500) presented beside the my 2014 kilo horse (mintage also 500). ( Perth Mint Mintage Policy : http://www.perthmint.com.au/mintage_policy.aspx) . Cheers, Luker

[imgz=http://forums.silverstackers.com/uploads/13635_dscn0489.jpg]

[/imgz]
[imgz=http://forums.silverstackers.com/uploads/13635_dscn0492.jpg]

[/imgz]
[imgz=http://forums.silverstackers.com/uploads/13635_dscn0490.jpg]

[/imgz]
[imgz=http://forums.silverstackers.com/uploads/13635_dscn0491.jpg]

[/imgz]