Rabbit Now Officially Decalred "SOLD OUT" By The Mint

M

Matthew 26:14

New Member
From the Perth Mint 4 Feb 2011.

1oz Year Of The Rabbit Coins Sold Out

February 04 2011

Posted By Ron Currie

BULLION BARS AND COINS

Chinese New Year celebrations had barely begun when we signed wholesale distribution agreements for the last 1oz gold and final 1oz silver Australian Lunar 2011 Year of the Rabbit bullion coins.

Within a day or two we will have shipped all 30,000 gold coins and 300,000 silver coins from the Mint, allowing us to declare official sell out of both sizes.

As a result, 1oz gold and silver Rabbits have already been removed from sale on www.perthmintbullion.com.

This is a great result for the Australian Lunar program reflecting not only strong demand for gold and silver from around the world, but also the attractive design and superb strike quality of The Perth Mint's bullion coins.

Limited numbers of 2011 Lunar bullion coins in a variety of other sizes remain available for purchase on the site.
 
Still alot of sources out there, better save up now for the dragons... or get a loan if no cash when the time comes.
 
LovingtheSilver said:
Still alot of sources out there, better save up now for the dragons... or get a loan if no cash when the time comes.
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^^^^^^^ THIS ^^^^^^^^^
 
pmfiend said:
*fist pump*
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vinny-gif.gif

Source:http://trickumlegis.wordpress.com/2010/01/
 
LovingtheSilver said:
Still alot of sources out there
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Yeah - but sources are drying up - I've noticed a few dealers aren't advertising their "bulk buy" deals anymore.

malachii
 
LovingtheSilver said:
Still alot of sources out there, better save up now for the dragons... or get a loan if no cash when the time comes.
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There seems to be almost a consencus on this forum that the 2012 Dragon lunar will be 'a winner'. Yes, I am going to get some myself, because I see it as bullion, and I will continue to diversify my stack.

Being relatively new to this .... Can anyone provide some examples from the recent past, where people were in anticipation of a release, and after the release, the premium on that coin(s) went through the roof and stayed there? i.e. it was a 'winner', and everyone thought it would be beforehand?

There are various threads on this forum that have examples of coins that came from nowhere (i.e. noone was expecting it) to attract hefty premiums (D&D Redback, anything 2000 Dragon).

Thanks!
 
hobo-jo said:
rbaggio said:
LovingtheSilver said:
Still alot of sources out there, better save up now for the dragons... or get a loan if no cash when the time comes.
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There seems to be almost a consencus on this forum that the 2012 Dragon lunar will be 'a winner'. Yes, I am going to get some myself, because I see it as bullion, and I will continue to diversify my stack.
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I get the feeling it might pull a *clownfish*, once sold out pull some premiums, but shortly afterwards revert back to a price similar to others in the series. Whether I buy up big will probably depend on the design.

Let's face it though 300k coins is a fairly low mintage in the grand scheme of things, however if they pull off the coloured design more gracefully than some other recent coins then they may sell a lot more of those and the limit won't matter...
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With the PM going to 500k on the 2011 Kooks, I believe they will do at least that with the 2012 Dragons. And with the colored coins, I expect the final mintage to be closer to 1mm than 500k.
 
Pretty sure the bullion 1oz coins for Series II are capped at 300,000 - not counting proof, gilded or colour. So in 2019 when the last Year of the Pig is released, there should still only be 300,000 of the 1oz straight bullion version released.
 
goldpelican said:
Pretty sure the bullion 1oz coins for Series II are capped at 300,000 - not counting proof, gilded or colour. So in 2019 when the last Year of the Pig is released, there should still only be 300,000 of the 1oz straight bullion version released.
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Yep, all Series 2 Lunar 1 oz bullion have a 300k limit. Add to that gilded (50,000 cap) coloured (170,000 cap) and proof (5,000 cap).
 
Willow said:
I got 160 of them.. i think that is a good thing then?
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Well you have 160 of the most common Lunar Series 2 coin so far :)

160 Lunar Mouse would be the best as of the moment, unless the mint pumps them out to the 300k limit which I bet they will do just to maximise profit.
 
Not a case of maximizing profit - it's a case of meeting demand. Dunno why people get so wound up about the mint working within the parameters of the series which is a max of 300k 1oz coins "over the lifetime of the series".
 
Matthew 26:14 said:
Willow said:
I got 160 of them.. i think that is a good thing then?
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Well you have 160 of the most common Lunar Series 2 coin so far :)

160 Lunar Mouse would be the best as of the moment, unless the mint pumps them out to the 300k limit which I bet they will do just to maximise profit.
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Most common = highest demand.

Seems that if the mouse is the least common it is also the least popular.

Read into that what you will...it's only pretty bullion.
 
goldpelican said:
Pretty sure the bullion 1oz coins for Series II are capped at 300,000 - not counting proof, gilded or colour. So in 2019 when the last Year of the Pig is released, there should still only be 300,000 of the 1oz straight bullion version released.
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With the PM attitude on doing extra runs of old lunar designs based on market demand though, do these numbers even really matter anymore?

Say the 2012 Dragon is a massive success and they get 300k out in the first month (very possible IMHO) - what's to say that 'due to unprecedented market demand we will be running another 500k' won't be the obvious option after the first 300k go out?

I personally only stack the Lunars ahead of kooks and koalas because I get the premium for free in year of issue. If you're buying silver 1oz coins from PM, you may as well buy the option that will have a future collectable premium attached, especially if you're paying the same price at kooks/lunars anyway, right?

At worst, you're break even on your investment and paid no more than you would for the other bullion options otherwise.

But I won't purchase after year of issue because there is the expectation that you'll pay a premium for stuff that's out of supply.

I have about 20oz in Tigers, 30oz in rabbits and I'm fine with that. I'll likely get 50oz max in Dragons, depending on the design and that's it for me. It's all simply bullion at the end of the day and you have to treat it as such.
 
Auspm said:
Say the 2012 Dragon is a massive success and they get 300k out in the first month (very possible IMHO) - what's to say that 'due to unprecedented market demand we will be running another 500k' won't be the obvious option after the first 300k go out?
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Because it's a capped mintage. They're a currency mint, not a reserve bank - they can't run off legal tender coinage wily-nily.
 
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