Perth Mints 'Saltwater Crocodile' bullion coin breaks cover in Europe

Limited Mintage

The Perth mint will release no more than 1,000,000 of these coins worldwide in 2014
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Don't think it will be fully mint, once the year have closed it will be declared.


A standard 1 oz. Kooks or Koalas capsules will fits them. Please check the Technical Specifications.
 
Golden ChipMunk said:
Limited Mintage

The Perth mint will release no more than 1,000,000 of these coins worldwide in 2014
Click to expand...


Don't think it will be fully mint, once the year have closed it will be declared.
Click to expand...

u dont think they will get to the million? would you wager 3oz? ;)
 
ego2spare said:
Golden ChipMunk said:
Limited Mintage

The Perth mint will release no more than 1,000,000 of these coins worldwide in 2014
Click to expand...


Don't think it will be fully mint, once the year have closed it will be declared.
Click to expand...

u dont think they will get to the million? would you wager 3oz? ;)
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I'll wager a kilo that they do.
 
Credit Crunch said:
Surprise surprise the bullion dealers are all supporting the crocodile silver coins. To be expected I suppose as dealers make a living re-selling Perth Mints products, whatever they might be.
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I think dealers make a living reselling any products, not just Perth Mint stuff.

The reason this will sell out in my opinion is the low premium. At best you get price appreciation like the early Canadian wildlife's, at worst you've bought yourself silver bullion at not much over generic silver rounds premiums. It really is a no brainer.
 
Actually there's a bit of a race for dealers to acquire as many of these as possible for the Australian market - I can tell you that every dealer I've seen these listed at in Australia is selling them at lower margins per oz than Kooks or Koalas. Personally I would be better off spruiking higher margin Kooks - but then there will be the usual outcry about how suddenly a coin is no longer available and all those evil overseas distributors bought them up, unfair, unfair, yada yada yada.

I reckon these will be gone before people realise.
 
Has anyone chased up the best price available on these in bulk?

ie monster box +

(Joey has these for just under $24 but the volume break finishes @ 100 units)
 
Bullion Baron said:
I'm not really seeing a logical argument from those opposed. Your issue seems to be that their range is getting larger, why is this a problem for you? Do you not want to see the Perth Mint succeed in reaching a larger number of buyers? What is your core argument against the Perth Mint expanding their product range and customer base (try and condense to a single sentence or two)?
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Totally agree.The Saltie has allowed the Perth Mint to maintain the status quo re. the triumvirate of silver bullion coins already out (Kook, Koala, Lunar), so that pleases buyers and collectors of those, AND they've expanded the range to bring in new buyers and start a new semi-numis cycle.

I can't for the life of me see a valid downside.
 
This is bullion not collector's coins

The fact they rise in value just an added feature, kind of option

P.S. I am not buying - there too many silver coins before this comes to my attention
 
yeah that's right, just a nice bonus. at the end of the day it's low priced silver coinage, bullion priced but with numismatic potential.

bars are so $49 oz, we're at $19 oz now and it's the year of the croc', baby.

so all you bar buyers, come next year the croc's will be different, kook's will be different, panda's & koala's too, but your bars,
your dirty clunky bars will be the same bars you can buy next year, and the next, for spot.
 
I understand the flooding theory as it happens in other collectables, but the other side of that coin is stackers choice.
stackers will simply become more select in what they stack, which in turn puts pressure on mints to produce better product.

I don't believe the official mints of the world are the problem, I think they are simply adjusting to the current market and competition.
the problem is the generic mints, producing bars & rounds of zombies & anti-Christ themes. they take a big chunk of Perth Mint/US mint/Canadian mints sales.

flooding the market with higher quality product will flush out some of the generics manufacturers.
in the end stackers will have a higher standard of bullion to stack, then it's just choice.

what does that mean for the current generic zombie rounds? they will float into oblivion, the next generation of junk silver.
 
Credit Crunch said:
By diluting the market with more and more bullion coins, the potential for capital gains from Perth Mint bullion coins is reduced. It's simply supply, or more specifically, over-supply.

Now the supply of Perth Mint silver bullion coins will increase by up to 1 million and yet there's nothing to suggest the pool of buyers (ie demand) will be any more than there was in 2013. Thus you have MORE bullion coins chasing the same amount of dollars = reduced capital growth potential.
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I'd rather have Perth start a new series of cheaper bullion, than to pump up the current kooks. koalas, and lunars. It's not reasonable to expect Perth to stay stagnant when the demand is there.
 
Credit Crunch said:
If coins are just "bullion" ie seen as just a lump of silver, why would an investor buy one? Instead of paying around $30/oz for a 1oz coin you'd pay around $24/oz for a 1oz bar because both are just "bullion", you'd obviously buy the lower priced product.

The purpose of a bullion coin is that it has collectability.

Eg. The 2010 1oz Lunar Tiger coin is just "bullion" and yet it sells for about $55-$60 per coin. If instead you had a 1oz bar it would sell for about $24. Bullion coins and bullion bars are not the same investment, one has collectability, one does not.

Thus flooding the market with 1 million units of a new bullion semi-numismatic coin threatens to reduce the capital gain potential of other semi-numismatic bullion coins.
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Hi CC,

To give a personal answer to your first question ...

Something like the Croc is a true bullion coin, rather than a semi-numi. Bullion coins are not 'just' bullion, in that they have other features (eg uniformity, legal tender backing, nominal dollar amount, coin shape, ability to perform 'ping' test, recognisability, anti-counterfeiting features, higher resale ability at some local coin shops, and so on). Which of these features appeal to buyers is up to what they want to do with the coin. Some of these matter to me; others do not.

Personally, I want a form of bullion, that's in a coin, and is not a generic round; hence, the bullion coin. I also want one produced in the country I'm in, not somewhere halfway around the world.

And I'm not all that interested in coins that will sell for a higher amount above spot and people will then speculate on in the years to come.

Others may be, and that's where the different products are available for the different buyers, whose purposes are quite different.
 
Credit Crunch said:
... flooding the market with 1 million units of a new bullion semi-numismatic coin threatens to reduce the capital gain potential of other semi-numismatic bullion coins.
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You may or may not be correct but if you are, the degree to which you are will be pretty limited. A million coins isn't a big number of low-premium bullion coins these days
and the likelihood of that number holding down the resale values of Lunars and Kooks to any meaningful degree is pretty slender. In addition to that, Perth Mint is in the
business of producing and selling precious metal products---not safeguarding the future profit-making potential of people who've bought their products. I don't think it's
realistic to expect a business to not carry on and expand their business because doing so might theoretically impact negatively on the future profit-making potential of some
private individuals. They did at least stop their reminting operations, but I don't expect them to never again start another new bullion coin series for the same reason.
 
Have had a bit of a rummage through what's come today - definitely no milk spots on any coins we've received from the mint.
 
Im a fan of this concept. Low premium legal tender bullion ticks all the boxes for me so I have just gone and bought some. :)
 
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