SilverSale said:
Unfortunately, my feeling is that a lot of these gripes etc will disappear when silver prices improve.
It will be a shame to see this organisation get away with blatant malicious activity. I really do hope there is someone with large enough pockets (and enough time on their hands) to take on Gold Corp.
There are currently numerous class actions happening against the big banks. Hint hint!
Hint Hint
Maybe it wouldn't stand a chance because Perth can legally mint what they like IAW what Treasury authorizes them to mint.
The Currency ACT is law, Perth haven't breached that law with any of their bullion products.
The proof and collector coins also have mintage limits and although there is some anomalies with the Certificate Of Authenticity, generally those pieces of paper indicate mintages that Perth are happy to release. Perth could mint more proof or collector coins but they don't wish to "But They Could" IAW what Treasury allows them to.
The issue here, is to get a mintage policy that's workable for us, the collector and stacker and to hopefully give Perth a message that they are damaging our coin collections in the short and medium term.
We need Perth to close off those limited and un-limited mintages for gold, silver and platinum products (Which they are starting to do) and we need to allow them to get on with the job of producing outcomes that are beneficial to all parties.
Be-aware that Perth have the right "legally" to remint many more coins, what we are asking, is for Perth not to.
Give Perth a chance to re-assess what they can do.
They've already listened to us!
Now is a time to suggest what you want and why, give Perth clear cut opinions and guide lines as to why their policy hurts you, so that Perth can amend their Mintage policy.
Their current mintage policy says it can be ammended and I think that when Ron and the rest of Perth re-convene 13 January 2013, they'll hopefully come up with an amended policy and a lot of closed mintages.
Give them ago, if things don't work-out for the better in the new-year, then perhaps something else needs to be done.
The Lunar Bullion coins have clear mintage policy that's acceptable.
The Koala's Bullion coins have clear mintage policy that's acceptable.
The Kookaburra bullion coin policy is not acceptable.
The collector coin policy for Proofs and other collector items needs attention because re-minting collector coins a few years after coins have been released erodes collector value.
Older proof sets need to be closed because!!! Perth have demonstrated via the release of the 2oz proof series coins and the High Relief coins that they will indeed restrike collector coins.
This affect us as collectors because a set of coins from years ago has had a certain mintage or sales figures that we are aware of or it can be found in coin catalogues; if these coins are re-minted the value of our collection goes down.
It's also bad because a person cannot buy on the secondary market with confidence because they will always be thinking.....
When will Perth re-strike these collector or Kookaburra bullion coins.
As a collector and stacker I want Perth to guarantee me, via hard-copy, (Their Blog) that older mintages are closed off and until then I view my collector sets as vunerable to Perth's re-minting policy.
H
I wouldn't blame them,it is all business for them at the end of the day
