To date - 1 oz 2016 Ag Kangaroo

I really like the design on this coin but hate the possibility of milk spots. I have a couple of tubes so I am hoping for the best.
 
Surely you jest, even a novice like me wouldn't pay 30 to 50% over spot for the kangaroos.

But If I wish really hard Upon a star, I can see how if one had 500 X 1kg silver bars one might want a mini box to help even out GSR calculations when doing a swap :)
 
Allthatglitters said:
This product is marketed towards serious bullion buyers in a form which is easily divisible into small portions e.g. a tube. Simply a lump of silver you can sell in a small tube in 1oz lots. A lot of the people who buy these will not even break the ties on the box let alone break the seals on the tubes. I see posts here that say, "This is an ugly coin" or "I would never buy a coin with milk spots". Who cares its just silver! You are missing the point, this coin is not marketed to coin collectors who buy 1, 2 or 10 coins at a time. The fact that it has been so success, particularly overseas, shows that Perth Mint has read the market well.
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Or buy PM 10 oz bars cheaper and they too are just lumps of silver for serious silver buyers, or buy 1 oz bars cheaper or generic rounds cheaper! I dont get the appeal of this coin to have sold 9 and a half million already?

Mind you given the growing north american stacker population numbers its probably less than one coin each.
 
Earlier box - image with Box numbered

silver-kangaroo-mini-monsterbox.jpg
 
Reports say mintage was initially planned to be 7.5 million (or maybe 5 million if 2016 is the first year), but demand is so strong that more will be produced:

The Wall Street Journal reports that the kangaroo coin is so popular among American coin collectors and investors that the Perth Mint would have to hike its production of the coin to over 10 million pieces. It would be more than double the five million that the Mint thought it would sell on the first year.

Initial plans were to produce only 7.5 million pieces of kangaroo coin on the second year. However, "the best laid plans don't always go the way you expect," says Richard Hayes, chief executive of Perth Mint.

Even before the surge in demand for the kangaroo coin, the Mint had to widen its space to cover the parking lot so it could meet production target of 22 million coins of various sizes and metals annually. That is almost twice the Mint's production of 12 million coins a year.

http://www.ibtimes.com.au/kangaroo-...global-demand-australian-silver-coins-1519521
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SilverPete said:
Reports say mintage was initially planned to be 7.5 million (or maybe 5 million if 2016 is the first year), but demand is so strong that more will be produced:

The Wall Street Journal reports that the kangaroo coin is so popular among American coin collectors and investors that the Perth Mint would have to hike its production of the coin to over 10 million pieces. It would be more than double the five million that the Mint thought it would sell on the first year.

Initial plans were to produce only 7.5 million pieces of kangaroo coin on the second year. However, "the best laid plans don't always go the way you expect," says Richard Hayes, chief executive of Perth Mint.

Even before the surge in demand for the kangaroo coin, the Mint had to widen its space to cover the parking lot so it could meet production target of 22 million coins of various sizes and metals annually. That is almost twice the Mint's production of 12 million coins a year.

http://www.ibtimes.com.au/kangaroo-...global-demand-australian-silver-coins-1519521
Click to expand...
Click to expand...

Wow...Only 7.5 million of them. These are a real rarity ! I better grab some boxes now while they are so cheap only $5 -$6 over spot (each ). I'm almost drowning myself in my dishwater with excitement. By the time silver reaches $30 and I've spent a thousand dollars on Jewellery Clothes I should see a return on these little gems in about 30 years....
 
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