Seriously WTF - Perth Mint

[dollars]

I just bought a 5oz set recently from 2008 till 2016.

On all the coins there is small milk spots/imperfections even on the Monkey.

On the 2011 Rabbit there is a scratch from the minting process.

I know there is another thread about milk spots but seriously how can they keep producing sub standard products?

Was that the set sold recently on silver stackers for aprox $2400?

 

[Gatito Bandito]

Yep. I'm done with the lunars for sure!! if not for the low premiums for the kooks, I'd be done with them too. But can't beat the design of the 2016 kook at low prices. Provident metals price for kilo is about 16.11 per oz for the kook...granted they're not for sale just yet, but that's not a bad price. I'll buy that all day, every day...if it develop spots, then oh well, I'm not too bummed out. But I'm staying away from the premium stuff from here on in.

I haven't given up on Perth Lunars because of milk-spot potential.. I'm just not buying the 2016 Monkey because the design pretty much sucks, no matter how hard I tried liking it. Certainly worse coins out there, but this is a very weak Lunar design, and I skip over the weak ones, lower mintages be damned.


Voting with your wallet is the way to go.

There are plenty of other spaces to play in & spend your finite money on.


I've shifted / narrowed focus & am concentrating on 4 different "sub-categories" -- modern minted discs is not one of them.

Will buy a little modern stuff here & there, but being very selective. Aside from other factors, there's plenty of cool pieces out there that do *not* get / have milk-spots!

 

[Miloman]

Notice Perth Mint are absolutely silent on the issue.

Personally after them saying "Dumbbbb... don't know what 'causes them there milk spotty doovywacker thingamajigs"... they've lost my respect and trust.

 

[Cheese Kun]

Deal With it.

 

[mmissinglink]

Yep. I'm done with the lunars for sure!! if not for the low premiums for the kooks, I'd be done with them too. But can't beat the design of the 2016 kook at low prices. Provident metals price for kilo is about 16.11 per oz for the kook...granted they're not for sale just yet, but that's not a bad price. I'll buy that all day, every day...if it develop spots, then oh well, I'm not too bummed out. But I'm staying away from the premium stuff from here on in.

I haven't given up on Perth Lunars because of milk-spot potential.. I'm just not buying the 2016 Monkey because the design pretty much sucks, no matter how hard I tried liking it. Certainly worse coins out there, but this is a very weak Lunar design, and I skip over the weak ones, lower mintages be damned.


Voting with your wallet is the way to go.

There are plenty of other spaces to play in & spend your finite money on.


I've shifted / narrowed focus & am concentrating on 4 different "sub-categories" -- modern minted discs is not one of them.

Will buy a little modern stuff here & there, but being very selective. Aside from other factors, there's plenty of cool pieces out there that do *not* get / have milk-spots!

Yes, well said. (written)


The first series of coins I purchased when I started my stacker life 3 years ago was the Perth Mint Lunar series...so emotionally, I am and always will be a PM Lunar fan I think. That said, I have learned over the past 3 years that the milk spot problem is a serious problem when you are paying high premiums and receiving coins that will possibly/likely be very difficult to sell and get even a modicum of premium back as many have noted in the SS forum in various threads.

So I have mixed feelings about the Perth Mint Lunar series and I will no longer buy any PM silver bullion (whether Kook, Lunar, Koala, fugly Kangaroo, etc, etc) if it comes with a collector premium. It's throwing money down the toilet.


It's really too bad that the large mints have decided to take the route of shrugging their shoulders when it comes to the milk spot issue....it will be to their own detriment. There's plenty of very nice looking high quality silver rounds out there that are priced like bullion with lower premiums than the big mint's bullion.

I'm liking the Elemetal Mint 2 oz high relief rounds....high quality and priced right. I have limited money and if I'm going to buy bullion, I have to make my choices intelligently and say "no" to the Perth Mint (or other big mints) over priced milky bullion.





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