ego2spare said:
Way to much stuff out perth mint, waaaayyy to much stuff. Everyone knows perth is the greatest mint. one of the reasons is that they dont churn out millions and millions of crap bullion coins a year in "monster boxes" and tubes, Like canada and america. Very sad. Kooks and lunars were the only low mintage world wide thing the perth mint was making in coin form. Everyone was willing to pay the high premium because everyone wanted ANYTHING the perth mint had. But now with them starting to roll out monster boxes. The perth mint wont be so exclusive anymore and i feel kooks, lunars and koalas might slowly die out..
Here's my thoughts and it doesn't take a genius to figure these thoughts out.
I think if Perth Mint does it correctly it will attract more people to Kooks and Lunars. But...
Problem is they shouldn't increase mintages of Lunars, Kooks or Koala they should leave the mintages alone. Once issued they should not restrike. This will keep the prestigious reputation and drive future sales. Attracting collectors and driving up prices for loyal holders of Perth Mint products. But doesn't Perth Mint listen, not really well, they're about three quarters deaf.
Secondly it's a great idea to issue low premium encapsulated croc coins with no limit on production but once the year is over, they should cease minting that years coin without restrike.
This concept leaves the brand value of Kooks, Lunars in tact and makes them sort after, people interested in bullion can buy crocs or ASE, Maples etc. Besides Perth Mint produces the blanks for things like the ASE.
Leaving Kooks, lunars alone and not diluting them makes a lot of commercial sense for the Perth Mint.
They do need better designs for the Koala, it's so iconic at least the Kook and lunar designs are superior.
Attracting more Perth Mint Collectors is a good thing. The market is a bit slow but year over year on average, mints around the world are selling more and more coins. Meaning it's likely there are (a) more buyer (b) people increasing their holdings. This is great for everyone.
Things are a bit slow in certain areas and people are frightened to buy so there are bargains to be had. Silver miners around the world are losing millions upon millions getting the stuff out of the ground. And here we are buying quality coins for LESS than the cost of production!
But it's funny how when the market is down people buy less than when the market is high. So counter intuitive for me and when prices rise and things shoot up, just watch the mass flock back. It's been happening the last 10+ years that I've been involved.
On to some of the collectables, some have been poorly designed and offered. And far too many. Many of these have been commissioned by dealers. The best I think was the Deadly and Dangerous Series, nice polished wooden box, great designs. I think Downies were the designers and commissioned these. Problem is who places the limit of these collectables and judges the quality of designs and packaging? That's tough.
Either way there's lots to love about the Perth Mint products and a few things not to.
