ssh.... HEADS UP! Lunar Dragons (2012) for $40 each... SWEET

Ok .So far ,so bad.The 2011 Kook has reached a limit of 500K

The kicker is,could they not decide to "back issue" other years,if they so chose?

As Mathew 26:14 ,suggested ..reasonable grounds for complaint to Fair trading.
 
Matthew 26:14 said:
hiho said:
Matthew 26:14 said:
As for deposits in a bank not being safe from bank default, in reality they are. Do you think any Federal Government would not step in the guarantee the savings of people in say the Commonwealth Bank if it went into bankruptcy? Of course not. The Government would have to guarantee all deposits in the big 4 banks.
Click to expand...

I wouldnt bet on that one mate
Click to expand...

I'll take out a derivative on your bet it :)
Click to expand...

Haha Good One !

Its like buying a car - Physical
Ensuring it - 1st Level Derivative
Ensuring in case the 1st insurer says i am sorry but we cant pay you out - 2nd Level Derivative !!
 
Boyou said:
The kicker is,could they not decide to "back issue" other years,if they so chose?

As Mathew 26:14 ,suggested ..reasonable grounds for complaint to Fair trading.
Click to expand...

The Perth Mint have been authorised by the Commonwealth government to produce 300k 1oz silver Kookaburras for each year dated between 1990 and 2010.

The fact that they may have not produced the whole 300k coins before the end of each year (within that date range) is irrelevant - they're allowed to make 300k coins with "1990" stamped on them, 300k coins with "1991" stamped on them, 300k coins with "1992" stamped on them, etc.
 
The bullion dealers taking Dragon pre-orders, are they hedged? Like if spot shot up to say $50 an oz in by end of August, would the dealers then be buying the Dragons from the Perth Mint for say $55 and oz? If so they'd be losing $15 an oz on every pre-order.
 
Big A.D. said:
Boyou said:
The kicker is,could they not decide to "back issue" other years,if they so chose?

As Mathew 26:14 ,suggested ..reasonable grounds for complaint to Fair trading.
Click to expand...

The Perth Mint have been authorised by the Commonwealth government to produce 300k 1oz silver Kookaburras for each year dated between 1990 and 2010.

The fact that they may have not produced the whole 300k coins before the end of each year (within that date range) is irrelevant - they're allowed to make 300k coins with "1990" stamped on them, 300k coins with "1991" stamped on them, 300k coins with "1992" stamped on them, etc.
Click to expand...


Cool!I always understood they could mint up to the 300 k limit.
Your original post seemed to indicate that all years could have their mintage limit increased to 500k.Still not happy that they can increase even 1 year,but hope that trend does not continue
 
Matthew 26:14 said:
I see BB has put their price below $40 an oz for the dragon as spot takes a tumble, interesting.
Click to expand...

I think you'll find the prices are set automatically to follow spot. It's not a manual thing, just like most of the bullion dealers' sites.
 
Boyou said:
Big A.D. said:
Boyou said:
The kicker is,could they not decide to "back issue" other years,if they so chose?

As Mathew 26:14 ,suggested ..reasonable grounds for complaint to Fair trading.
Click to expand...

The Perth Mint have been authorised by the Commonwealth government to produce 300k 1oz silver Kookaburras for each year dated between 1990 and 2010.

The fact that they may have not produced the whole 300k coins before the end of each year (within that date range) is irrelevant - they're allowed to make 300k coins with "1990" stamped on them, 300k coins with "1991" stamped on them, 300k coins with "1992" stamped on them, etc.
Click to expand...


Cool!I always understood they could mint up to the 300 k limit.
Your original post seemed to indicate that all years could have their mintage limit increased to 500k.Still not happy that they can increase even 1 year,but hope that trend does not continue
Click to expand...

The important thing to remember is that mintages are announced in advance. They announced the Kook mintage for 2011 would be increased before they released them, but previous years are capped at 300k because that's what that was the announced mintage was before each year was released. They can go back and make coins from previous years if the previous year's mintages hasn't been filled, up to a maximum of 300k coins, e.g. 1991 Kook sales were 278,136 so they can make another 21,864 before they hit 300k.

Same deal goes with the Lunar II series - the 1oz silver bullion coin mintage was set at 300k coins per year date at the beginning of the series. They went back and did the 2008 Mouse until they hit the 300k limit and then stopped.

The Koalas are unlimited, so they can make as many of them per year as they like until the next year's coin is released (and then they can make as many of those as they like until the next year's coin is released, etc.)
 
^ That popped up on my twitfeed as I was scrolling through, I noticed you're already 5th hit on da goog too haha
 
As was mentioned ealier in the thread, the product page will be the 2011 rabbit page, modified to dragons, but the year details were forgotten.

The cause of the end of the world remains to be the death of the US economy.
 
You must log in or register to reply here.
Back
Top