PRIVY COINS

strenue

strenue

Active Member
Silver Stacker
I have noticed that in Australia there is not much love for PRIVY COINS.

Is there a particular reason or is it just one of those things in life that 'just is'?

Here is a question for the forum... what is your favourite PRIVY COIN? (pictures of privy coins welcome and encouraged)
 
strenue said:
I have noticed that in Australia there is not much love for PRIVY COINS.

Is there a particular reason or is it just one of those things in life that 'just is'?
Click to expand...

Because Perth Mint has destroyed it.
You just can't double the mintage using "Lion" or whatever else privy.

If privys mintage was 1,000 and no more than 200 of different privis a year (sarcasm) then privis would have a chance.
 
I never understood the purpose of these marks or the attraction to collect them. Assume they are supposed to make the piece more exclusive? Always just seemed like a marketing ploy to me. But like anything else, if you enjoy them, keep stackin em!
 
Fab%2015_Lao_Tigris_2013-325x325.jpg

My personal favorite.
 
Privy marks are just gimmicks. That doesn't mean that collectors can't enjoy them of course. I don't have a favourite one though, as I think the privy mark spoils the coin.
 
Nothing wrong with privy coins...Perth have been minting them for yonks! I like them. :D

Problem is...people get in their mind that the coins are the same coin as the "Standard-Design"...the coins are totally different and struck on a different die.

The Dragon privy coin is unique...it's the first 1oz lunar with a privy mark and it's missing the fireball! So...part of the initial design is missing! :cool:

It's a coin that should be embraced...not bagged! ;)

The other reason this particular coin got a bad name is because it was issued when spot silver took a nose dive and the fact that there were plenty of people sookin because they locked in pre-order sales for the dragon (Initial coin) at a huge premium and then metal took a dive.

That left a sour taste in the stacker community so they miss-directed their anger at the Dragon privy instead of diving metal prices.

If silver had of busted 50 bucks and gone on to higher prices...you would of had stackers embracing the privy dragon and future privy coins.

Having said that...it pays not to go against the trend when stacking...so for now...privies aren't well received by the market.



H
 
I must say I am finding this discussion on PRIVY COINS quite interesting. There is quite a lot of passion on both sides of the debate.

When I first saw them, I too did not really understand them. Slowly I began to become more intrigued by them. Now I must say I rather like them.
For me they are just an extension of the current year coin.

The Kookaburra coin with the LUNAR PRIVY is quite a nice concept. The 2012 kook with the dragon, 2013 kook with the snake and this year the 2014 with the horse... it starts quite a nice sub-collection.

I think I will continue stacking them even if just for my own personal stack.

Keep the posts coming through though, keen to see some other PRIVY COINS from around the place. I also quite like the concept of the F12 and F15 privy mark.
 
Bullion Baron, in principle I agree with you. Would your stance on coloured coins be the same (without me trying to divert direction of this thread), as I understand it coloured coins come in bullion and proof issues?
 
BB...if privy marked coins are boxed they would attract GST and of course that would make a more expensive coin. Better off leaving them as bullion. :D

strenue...re the coloured coins.

Yes they come in proof and bullion but...

Perth says that, any of their coins that features one or more numismatic treatments is a "specimen" coin.

See link for the terminology of "specimen"
http://www.perthmintbullion.com/au/Blog/Blog/12-11-20/Perth_Mint_Announces_New_Mintage_Policy.aspx


So...although Perth names the coloured coins as coloured bullion...they are specimen coins according to Perth's own policy.

This wording and policy needs to be addressed by Perth because it's confusing to the market.

Having said that...Perth have to becareful with their wording because although coloured bullion coins "are-not" bullion, they describe them as bullion so they don't attract GST imo.

H

PS

I've also heard that the coloured bullion coins...when they are struck are different to the normal bullion coins, apparently this is done s o that when the coins are Pad stamped the ink adheres to the coin well.
 
Privy marks? I never touch the stuff and never will. They can keep them all.

Perth should mint its own version of maple leaf/american eagle/philharmonic in tubes and leave it at that.
 
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