The Perth Mint - Behind The Times 99.99% Of The Time
- Thread starter Holdfast
- Start date
Ooohhh your frgn kidding aren't you 
NZ is a private mint.
UK has been doing 95.8 for a while, they've just caught up to 999. The most popular bullion coin in the world is also still only 999 (ASEs). Phillies are 999.
Actually pretty much everything is 999.
Milk spots part of the standard?
UK has been doing 95.8 for a while, they've just caught up to 999. The most popular bullion coin in the world is also still only 999 (ASEs). Phillies are 999.
Actually pretty much everything is 999.
Milk spots part of the standard?
Holdfast said:
No!
Shhh! Don't give them ideas or they'll start another pissing contest with the Canadians and shut everything down do six months while they reconfigure their equipment.
See: http://www.perthmint.com.au/1-tonne-gold-coin.aspx
I wouldn't want to pay extra for 9999 but it is interesting to note that processes and quality controls exist to produce 9999 and are not being used.
Does Perth Mint not have the equipment that the Canadians and private mints own?
Kooks cost more than Maples but Maples are 9999 so on paper are a better investment.
I guess it is market driven, if the customers really wanted 9999 we would see othing but maples and andean cats all over the place and no Perth Mint offerings.
Does Perth Mint not have the equipment that the Canadians and private mints own?
Kooks cost more than Maples but Maples are 9999 so on paper are a better investment.
I guess it is market driven, if the customers really wanted 9999 we would see othing but maples and andean cats all over the place and no Perth Mint offerings.
The cost of getting up to 9999 silver depends a lot on the soure silver and it impurities.
I don't think the market is prepared to pay any premium for it and the extra costs are too much to do it for nothing extra.
Note also that our 999 coins are actually more than 9990 not sure exatcly what, say maybe 9995, so a lot of work to get that minor last bit of pure silver just to say it is 9999
I don't think the market is prepared to pay any premium for it and the extra costs are too much to do it for nothing extra.
Note also that our 999 coins are actually more than 9990 not sure exatcly what, say maybe 9995, so a lot of work to get that minor last bit of pure silver just to say it is 9999
Load of Bullion
Well-Known Member
Ahem... 99999 is the finest in silver coins.
999 is fine enough, IMO.
999 is fine enough, IMO.
But Perth is behind the times!
You upgraded your presses! Now it's time to upgrade your refinery; Canada have done it so why can't Perth.
Most of your coins are sent Off-shore to your distributors in Asia, Europe, United States Of America, etc, so your main market share is International and FWIW, Perth must continue to be seen as an international organization that not only sells high quality coins but also fine quality blanks OS.
Distributors.
http://www.perthmintbullion.com/au/About-The-Perth-Mint/Our-Distributors.aspx
Mints are in competition for their products so it's upto Perth to get on board with what sells at a comparable price.
The Canadain Mint say this:
The Silver Maple Leaf is minted with one troy ounce of 9999 fine silver. The coin has a face value of $5, the highest face value of any comparable silver bullion coin.
http://www.mint.ca/store/mint/about-the-mint/bullion-1300002
To me, it seems a no-brainer that the CEO should be directing more interest in Australian Silver!
You have been making excellent profits Perth, you have money like at no other time in the last 24 years.
If the CEO can organize (Allocate funds and resources) the minting of a One Tonne Gold coin to attract international customers, I'm sure he could attract more international folk if Perth had 99.99 fine bullion silver. Those who hold bullion at Perth would also be happy knowing they own 99.99 silver as would collectors / stackers.
Like it or not, the Canadian Mint have the edge on Perth, it's upto Perth to match The Canadian Mints purity.
IMO, it's a challenge that the CEO - Ed, could seriously take on, after all, isn't it the task of the CEO to increase standards or at least keep up with the competition?
Sure, it's more work and more money, but now is an opportunity for Perth while they have the funds and International attention to upgrade. (Sooner or later they will have to)
Ron's highly successful International sales strategy would improve and the international community would know that Perth has the finest quality silver in the world. It's about an International reputation!.
Is Perth upto the Challenge and has the CEO the inspiration to lead that challenge?
H
You upgraded your presses! Now it's time to upgrade your refinery; Canada have done it so why can't Perth.
Most of your coins are sent Off-shore to your distributors in Asia, Europe, United States Of America, etc, so your main market share is International and FWIW, Perth must continue to be seen as an international organization that not only sells high quality coins but also fine quality blanks OS.
Distributors.
http://www.perthmintbullion.com/au/About-The-Perth-Mint/Our-Distributors.aspx
Mints are in competition for their products so it's upto Perth to get on board with what sells at a comparable price.
The Canadain Mint say this:
The Silver Maple Leaf is minted with one troy ounce of 9999 fine silver. The coin has a face value of $5, the highest face value of any comparable silver bullion coin.
http://www.mint.ca/store/mint/about-the-mint/bullion-1300002
To me, it seems a no-brainer that the CEO should be directing more interest in Australian Silver!
You have been making excellent profits Perth, you have money like at no other time in the last 24 years.
If the CEO can organize (Allocate funds and resources) the minting of a One Tonne Gold coin to attract international customers, I'm sure he could attract more international folk if Perth had 99.99 fine bullion silver. Those who hold bullion at Perth would also be happy knowing they own 99.99 silver as would collectors / stackers.
Like it or not, the Canadian Mint have the edge on Perth, it's upto Perth to match The Canadian Mints purity.
IMO, it's a challenge that the CEO - Ed, could seriously take on, after all, isn't it the task of the CEO to increase standards or at least keep up with the competition?
Sure, it's more work and more money, but now is an opportunity for Perth while they have the funds and International attention to upgrade. (Sooner or later they will have to)
Ron's highly successful International sales strategy would improve and the international community would know that Perth has the finest quality silver in the world. It's about an International reputation!.
Is Perth upto the Challenge and has the CEO the inspiration to lead that challenge?
H
Haggai 2:8
Member
H, you're in the minority here. I'd happily sacrifice 0.09% of silver to avoid those high standards of milkspots the Canadian Mint are so famous for.
Argentum
Well-Known Member
Industry doesnt need it that pure, noone does, if they were to do it i guess it would seem kind of like a show off but really has no function. Kind of like if your neighbour bought a $100,000 BMW on credit and says to you: oh you poor bugger when will you be able to afford a car like mine. And why did you stop at 9999 there is even more purer products. And if you have any "inferior"(999) products i'll always swap you : 1 oz of my maples for 2 oz of your lunars or kooks; and for my andean cat(99999) swap ratio is 1:5
idunnonemo
New Member
1for1 said:
Precisely. I do not think the 4th "9" will add any popularity just because the silver or gold content of the coin is slightly purer - by a small fraction.