Perth Mint mintage policy

Maximum Mintage: The total quantity of a coin that will ever be struck.

Unlimited Mintage: Relates to the completely unrestricted number of a coin that can be struck.

Declared Mintage: Is the final production figure for a coin that has been closed-off before its Maximum Mintage is reached; or the final production figure for a Mint-to-Order coin or an Unlimited Mintage coin.

Mint-to-Order: Relates to a coin which is minted in unlimited quantities within a stipulated period of time (eg 12 months from release). The total number of Mint-to-Order coins made in response to demand is declared after the manufacturing period has ended.

http://www.perthmintbullion.com/au/Our-Bullion-Products/Mintage-Policy.aspx
 
Holdfast said:
Maximum Mintage: The total quantity of a coin that will ever be struck.

Unlimited Mintage: Relates to the completely unrestricted number of a coin that can be struck.

Declared Mintage: Is the final production figure for a coin that has been closed-off before its Maximum Mintage is reached; or the final production figure for a Mint-to-Order coin or an Unlimited Mintage coin.

Mint-to-Order: Relates to a coin which is minted in unlimited quantities within a stipulated period of time (eg 12 months from release). The total number of Mint-to-Order coins made in response to demand is declared after the manufacturing period has ended.

http://www.perthmintbullion.com/au/Our-Bullion-Products/Mintage-Policy.aspx
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Hi Holdfast
Can you answer my questions as I see this whole thing unfolding as a disaster for all those people including myself stupid enough to buy PM coins !!
I cannot fathom what Ron is saying - its contradictory and does not in my mind address the Koalas. I think its time that we got simple and direct answers not these convoluted and vague statements that can be interpreted in 5 different ways.
 
Can anyone answer these simple questions:
My understanding is as follows

2009 or earlier 1oz kooks - can be re-minted ------------NO
2009 or earlier non 1oz kooks - can be re- minted-------NO

2010 and later 1oz kooks - can be re-minted-------------YES
2010 and later non-1oz kooks - can be re- minted-------YES

2009 or earlier koalas (all sizes) - can be re-minted-----NO
2010 and later koalas (all sizes) - can be re- minted-----YES

That is my understanding

Please correct me so we can all clarify this ???
 
Ronnie 666 said:
Holdfast said:
Maximum Mintage: The total quantity of a coin that will ever be struck.

Unlimited Mintage: Relates to the completely unrestricted number of a coin that can be struck.

Declared Mintage: Is the final production figure for a coin that has been closed-off before its Maximum Mintage is reached; or the final production figure for a Mint-to-Order coin or an Unlimited Mintage coin.

Mint-to-Order: Relates to a coin which is minted in unlimited quantities within a stipulated period of time (eg 12 months from release). The total number of Mint-to-Order coins made in response to demand is declared after the manufacturing period has ended.

http://www.perthmintbullion.com/au/Our-Bullion-Products/Mintage-Policy.aspx
Click to expand...

Hi Holdfast
Can you answer my questions as I see this whole thing unfolding as a disaster for all those people including myself stupid enough to buy PM coins !!
I cannot fathom what Ron is saying - its contradictory and does not in my mind address the Koalas. I think its time that we got simple and direct answers not these convoluted and vague statements that can be interpreted in 5 different ways.
Click to expand...


Hi Ronnie.

Here's a copy of Perth's 2013 mintage policy contained in their online brochure.

2013 Koala
No mintage limit applies to these coins for 12 months.
However, production will close at the end of 2013 and
The Perth Mint will declare each coin's official mintage


http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf


Perth Mint Unveils 2013 Australian Bullion Coin Program

http://www.perthmintbullion.com/au/...ils_2013_Australian_Bullion_Coin_Program.aspx
 
stackeract said:
I am pretty sure the 2oz Kooks got reminted recently, even though no one ever mentioned it.
Click to expand...
Really? Where did you get this info? I haven't seen any dealers in Syd selling anything that looks like reminting..
 
Ronnie 666 said:
Can anyone answer these simple questions:
My understanding is as follows

2009 or earlier 1oz kooks - can be re-minted ------------NO
2009 or earlier non 1oz kooks - can be re- minted-------NO

2010 and later 1oz kooks - can be re-minted-------------YES
2010 and later non-1oz kooks - can be re- minted-------YES

2009 or earlier koalas (all sizes) - can be re-minted-----NO
2010 and later koalas (all sizes) - can be re- minted-----YES

That is my understanding

Please correct me so we can all clarify this ???
Click to expand...


My understanding: :|

2009 or earlier 1oz kooks - can be re-minted ------------NO

YES, Perth have already done that; (that's why we are seeing mint rolls of the Kooks in the market) the 1oz is a limited mintage. The sold-out mintages like the 2008, 2009 1oz Kookaburras have reached their mintage limit and will not be re-minted ever.

2009 or earlier non 1oz kooks - can be re- minted-------NO

YES, the mintage policy says that Un-limited, NON 1oz Kooks can be reminted.

2010 and later 1oz kooks - can be re-minted-------------YES

YES - The 2010, 2011, 2012 1oz Kooks have reached their mintage limit are sold-out, they will never be re-minted ever. If the 2013 1oz Kook doesn't reach it's mintage limit (1,000,000 coins) Perth have the right to mint those coins at any time until they reach their mintage limit of a million coins.

2010 and later non-1oz kooks - can be re- minted-------YES

Yes - Those coins are un-limited issues, so if a large wholesaler wanted a particular coin minted, Perth would mint the coins the wholesaler requires.

2009 or earlier koalas (all sizes) - can be re-minted-----NO

NO - Those coins were Mint To Order and are on sale for 12 months; at the end of each year no more coins will be struck, ever.

2010 and later koalas (all sizes) - can be re- minted-----YES

NO - The Koala coins are Mint To Order, They are released for 12 months and then the mintage is closed forever.


But I'm probably wrong! :o :D
 
Holdfast said:
Ronnie 666 said:
Can anyone answer these simple questions:
My understanding is as follows

2009 or earlier 1oz kooks - can be re-minted ------------NO
2009 or earlier non 1oz kooks - can be re- minted-------NO

2010 and later 1oz kooks - can be re-minted-------------YES
2010 and later non-1oz kooks - can be re- minted-------YES

2009 or earlier koalas (all sizes) - can be re-minted-----NO
2010 and later koalas (all sizes) - can be re- minted-----YES

That is my understanding

Please correct me so we can all clarify this ???
Click to expand...


My understanding: :|

2009 or earlier 1oz kooks - can be re-minted ------------NO

YES, Perth have already done that; (that's why we are seeing mint rolls of the Kooks in the market) the 1oz is a limited mintage. The sold-out mintages like the 2008, 2009 1oz Kookaburras have reached their mintage limit and will not be re-minted ever.

2009 or earlier non 1oz kooks - can be re- minted-------NO

YES, the mintage policy says that Un-limited, NON 1oz Kooks can be reminted.

2010 and later 1oz kooks - can be re-minted-------------YES

YES - The 2010, 2011, 2012 1oz Kooks have reached their mintage limit are sold-out, they will never be re-minted ever. If the 2013 1oz Kook doesn't reach it's mintage limit (1,000,000 coins) Perth have the right to mint those coins at any time until they reach their mintage limit of a million coins.

2010 and later non-1oz kooks - can be re- minted-------YES

Yes - Those coins are un-limited issues, so if a large wholesaler wanted a particular coin minted, Perth would mint the coins the wholesaler requires.

2009 or earlier koalas (all sizes) - can be re-minted-----NO

NO - Those coins were Mint To Order and are on sale for 12 months; at the end of each year no more coins will be struck, ever.

2010 and later koalas (all sizes) - can be re- minted-----YES

NO - The Koala coins are Mint To Order, They are released for 12 months and then the mintage is closed forever.


But I'm probably wrong! :o :D
Click to expand...

That confirms we are all confused so let us ask Ron to clarify

Yes or no for each statement please Ron enlighten us.
 
i am not bothered what they say as it will probably change tomorrow.

i am marking all PM coins as unlimited mintage for ever then i wont get burnt.
 
Big A.D. said:
Jislizard said:
grinners said:
If I had a large amount of old year kooks and their value was instantly halved by the mint, I would be going straight to a small claims tribunal.
Click to expand...

I don't think you would get far, it appears to be their stated policy and I am sure they will tell you they don't fix the price on the secondry market.

If I had a large amount of old year kooks and their value was instantly halved by the mint, I would be going straight to a different Mint to buy future coins.
Click to expand...

I don't remember there being an unambiguous mintage policy before this issue of re-strikes came up.

I do remember there being a published table of mintages which a reasonable person would assume to be a clear statement of the total number of coins that were "out there, somewhere". Given that some bullion issues were marked "TBA" (the 1kg Lunar II coins) and others had a number stated next to them, the mint was obviously capable of saying which mintages were still open and which had been closed.

The Perth Mint might not "fix" the price of the secondary market but they do have a huge influence on it (how could they not influence it when they have a monopoly on production?). If they were going to release mintage data, it would have been appropriate to put a great big huge disclaimer in 72 point type stating THIS DOCUMENT IS FOR ENTERTAINMENT PURPOSES ONLY. THE MINTAGE FIGURES ARE PROVIDED SIMPLY TO FILL IN SPACE IN THE LAST COLUMN AND IN NO WAY REFLECT THE ACTUAL NUMBER OF COINS THAT HAVE BEEN OR WILL BE RELEASED.

What is the purposes of having a stated mintage is it isn't to meant to be used to determine the rarity of the coin?
Click to expand...

Exactly.
 
Ron Currie said:
Series two lunars.
ALL of the unlimited lunar coins will cease production at the end of the year. For example the 2012 Dragon unlimited coins will cease being made on 31 December 2012. The 2013 Snake unlimited coins will cease on 31 December 2013. (The one kilo lunars are in their own class and Perth will mint any of the old or newer releases as they want until the series finishes in 2019)
Click to expand...


You lost me...
 
My concern is that many of our members (including myself) have bought PM coins at premium prices and that premium has now been destroyed by the PM policy.
The policy we have been given is confusing to say the least. Ron we deserve a simple answer. Also as uuuuuuumm says (hope I got all the u's) we need a statement that this is not going to change again.

We have heard nothing about gold coins S1 lunars or gold S2 lunars ? and Koalas ????

Please Ron give us a clear and unambiguous answer.

In the questions below non 1oz kooks refers to 2oz, 10oz, 1kg (just to be clear):


2009 or earlier 1oz kooks - can be re-minted ------------NO
2009 or earlier non 1oz kooks - can be re- minted-------NO

2010 and later 1oz kooks - can be re-minted-------------YES
2010 and later non-1oz kooks - can be re- minted-------YES

2009 or earlier koalas (all sizes) - can be re-minted-----NO
2010 and later koalas (all sizes) - can be re- minted-----YES
 
uuuuuuuumm said:
i am not bothered what they say as it will probably change tomorrow.

i am marking all PM coins as unlimited mintage for ever then i wont get burnt.
Click to expand...


uuuuuuuumm, I don't think you'll get burnt if you stick to the lunars. :)

300,000 mintage on 1oz silver bullion as you know.

All the others size silver bullion lunars apart from the kilo won't get re-minted.

http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf

Snake Lunar Series II Mintages

No mintage limit applies to 1 kilo, 10oz, 5oz, 2oz and 1/2oz coins. Except
for the 1 kilo release, production of these coins will close at the end of
2013 and The Perth Mint will declare each coin's official mintage.Production of 1 kilo coins will cease at the end of the series.

A maximum of 200 10 kilo coins will be produced on a mint-to-order
basis. However, production will close at the end of 2013, when the
coin's actual mintage will be declared.

The Perth Mint will produce up to 300,000 1oz coins. Production will
cease when the mintage is fully sold or at the end of the series,
whichever comes first.

http://www.perthmintbullion.com/images/blog/Silver-Bullion-Brochure-2013.pdf
 
Agree with uuuuuuuumm.... the next to lead Perth Mint will probably want to have a say in changing the mintage policy. And who can stop them?
 
Ok, so I reckon my priority is the 2 oz and 5 oz Lunars :D At least I know they won't mint more at the end of the year. :lol: And I'll buy some of those 10 oz Perth bars ;)
 
Bullion Baron said:
A suggestion I raised at the Lunar launch and on Silver Stackers prior was that the Perth Mint could mint a Silver Kangaroo. If this was unlimited in year of issue (like the Koala) then it would likely soak up any extra demand for a Perth Mint product (rather than minting the old Kooks).
Click to expand...

How about going one step further and asking the bullion collecting community what we'd like them to make? 'Cause, you know, we're the ones buying the stuff.
 
Bullion Baron said:
A suggestion I raised at the Lunar launch and on Silver Stackers prior was that the Perth Mint could mint a Silver Kangaroo. If this was unlimited in year of issue (like the Koala) then it would likely soak up any extra demand for a Perth Mint product (rather than minting the old Kooks).
Click to expand...

I'd of thought the koala was brought in to do just that and didn't work so well in some markets?
 
from what i can see Australian collectors are only a very small percentage of the mints customers it seems in recent years Germany etc.. are the ones who buy the most of their products and they are driving these changes.

just a word to the wise sometimes markets are like wet paper bags and it pays to look after those who got you where you are today, leaving the Aussie collectors behind could be a fatal mistake.

time will tell :)
 
Does the Royal Australian Mint have a similar policy statement? Or do they just stick to making coins in the year stamped on them?
 
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