What happened to The Perth Mint? End of interest for all their coins?

alexbecks

alexbecks

Member
It's been a few months that almost all Perth Mint coins remain available (not sold out) on their website.

I see it also for well known good series (D&D - Yellow Bellied , Endangered & Extinct - Tasmanian Devil) but also for new promising series (Remarkable Reptiles - Frilled Lizard; Treasures of the World - Europe etc.)
Don't even talk about 1/2 oz coins or other 1 oz coloured coins that will sell out in many years.
No matter if they limit the purchars to 1 or 3 pcs per customer to let us think it is not so easy to get that coin in big quantities, and increase the interest.
Coins stay on their shelves and on ebay sell way below issue price and probably also below dealers' cost.

Beside the easy answer that their coloured coins are cr*p or something, what happened to this mint?
I remember some coins in the past I really had to fight to buy at a reasonable price, and lately I haven't seen any coin I have to wake up in the middle of the night to check site update and hope to buy in time a single piece.

Alex.
 
Hmm. Perhaps when spot prices are low, people focus more on bullion coins?
 
I think there are a number of factors at play here. First I think the price of the coins you listed too high relative to the price of silver. As the price of silver rose they raised the prices on these and as spot has dropped they have not reacted in the same fashion. I think if they lowered these coins to $70ish they would see the interest in them come back. I also feel there is a negative perception surrounding the mint based on some of their recent decisions. Over time this will probably fade away but right now it is very fresh in everyone's memory.

Many if not most dealers are selling on eBay direct at the moment so the small time flipper who used to buy 3 to 5 coins has been squeezed out. Price remains stagnant as a dealer with 100 coins for sale gives the perception of low demand. So collectors and small players don't act and just wait. All of these things sort of feed on each other and that is where find ourselves at the moment.
 
mmissinglink said:
mtforpar sums it up well in my view
Click to expand...
Yep, pretty much spot on.
Also saturation of the market of sub-standard numismatics that fail to capture any real market segmentation.
NZ Mint produce products leaps and bounds ahead of PM in terms of marketing and quality.
They (PM) can't keep regurgitating boring themes at high price points for the sake of promoting 'collectability', much like sporting codes who turn out memorabilia by the truck load just because they can. Case in point: I like the idea of 0.5g mini roo for my nephews but at near triple the price of spot....
 
I only own one coin from the NZ Mint and it is quite lovely and high quality. I will be looking to add more to my small collection.

I do hope that the Perth Mint really takes a look at how it has pissed off many long time and new collectors and I hope they correct their behavior. Then I hope that interest picks up for the Perth Mint Lunar series as it did in the recent past.
 
would you like a privy to go with your order or maybe one of our nice new shiny remints? :rolleyes:
 
The problem Perth have is lack of continuity!

I like Perth's coins, they're great, but as a collector it's very frustrating not being able to complete a collection.

Perth do silly things like start a new size coin half-way through a series; an example is the 5oz Proof Koala.

The Koala series started with the 2007 1oz silver coin, then comes 2011 and Perth produce the first ever 5oz Proof Koala with a mintage of only 300 packaged coins for Australia, then they release the 2012 5oz Proof Koala...and...that's it...no more 5oz standard proof Koala's.

Then comes 2013, Perth release the 2013 5oz Proof but it's not a standard proof it's a High Relief coin.

Who in their right mind would want to collect the HR when in a year or two...Perth may cease even the HR 5oz?

This is only one example of Perth's policies, which show the consumer, Perth's lack of understanding of what collectors want.

Add to that, a mintage policy that is flawed and you have a consumer that has lost confidence in Perth products.

I still like Perth's coins but I'll wait until Perth has the sales management, who can provide collectors the continuity they deserve.

Having said that, I know it's very difficult to forward plan and to make all customers happy but there's a few things they could do.

First of all, cut off the mintage (Declare) of collector coins after 12 months, by doing so, this strategy will force collectors to buy or they will miss-out.

Ensure there is continuity, especially for the very expensive coins.

Don't re-mint old collector coins, an example is the 2oz Lunar Proofs in the 12 coinset.

H
 
more and more stackers around and they are getting more and more educated...

...and yes,I kind of lost interest in their coins...sad
 
They absolutely shot themselves in the foot by releasing SOOOO MANY coins each and every month. They are pumping them out like the Fed pumps out dolla' bills. It's really depressing since I'm holding many of their previous releases. All I've been buying lately is the Opal series, but the Kangaroo is now doing crappy as well!

I think another reason could be that since the spot prices have crashed, everyone is now more interested in stacking bullion rather than numismatic proof coins. Once the spot price gets back above $30, the Perth stuff will come back, IMO.
 
What they did with re-minting really f them up and that's a good thing. Company needs to be punish for doing stupid thing.

Many if not most dealers are selling on eBay direct at the moment so the small time flipper who used to buy 3 to 5 coins has been squeezed out. Price remains stagnant as a dealer with 100 coins for sale gives the perception of low demand. So collectors and small players don't act and just wait. All of these things sort of feed on each other and that is where find ourselves at the moment.
Click to expand...

Totally Agreed with this. I've been trying to unload some of their old coins (map series, Australian season, bird series) at cost without any success.

Just look at their latest release of the "Famous Ships That Never Sailed" and you will see how low Perth mint had sink down to. It is priced at $90 AUD with the mintage of 3000. If it was released a year or so ago, it would of been sold out within a day or 2 with such low mintage. Yet it is still available on its website.
 
"Famous Ships That Never Sailed" eh?

Maybe next year they will start a new series "Famous Coins That Never Reached Their Mintages"?
 
Most numismatic they produces are crap... look at the AUS - China relationship coin, piece of "Sugar Honey Ice Tea"....

Besides the Opal and Lunar series, I didn't have much hope on their products... Now... I gave up on Opal series, and don't have much hope on their Lunar series... RIP to Perth Mint.
 
clubman said:
Most numismatic they produces are crap... look at the AUS - China relationship coin, piece of "Sugar Honey Ice Tea"....

Besides the Opal and Lunar series, I didn't have much hope on their products... Now... I gave up on Opal series, and don't have much hope on their Lunar series... RIP to Perth Mint.
Click to expand...
Too right... If they do somehow stumble onto the golden goose of modern numismatics you can guarantee that they will slit its throat... perthmint :rolleyes:
 
clubman said:
Most numismatic they produces are crap... look at the AUS - China relationship coin, piece of "Sugar Honey Ice Tea"....

Besides the Opal and Lunar series, I didn't have much hope on their products... Now... I gave up on Opal series, and don't have much hope on their Lunar series... RIP to Perth Mint.
Click to expand...


I purchased all three Perth Opal coins because opal is considered a precious gem which has been valued for thousands of years. Unfortunately, for about $115 each coin, the quality of the opal appears to be quite inferior. Opal is all about the "play" of color and the strength of the colors as well.

A far, far higher grade of opal is found on a new very limited mintage silver coin that has recently been released: http://www.amazon.com/Year-Snake-Opal-Silver-Fiji/dp/B00BG2BNFM
Actual videos showing off the stunning beauty of this coin can be found on YouTube. I have purchased this coin and can attest that the opal play and intensity of colors is lightyears above the Perth opal coin.

Even better news is that you might even be able to buy the silver Opal Snake coin for a little less than the crappy Perth opal coin.

The fact is, I may actually look to sell my Perth mint opal coins so that I can buy another silver Opal Snake coin or two.
 
clubman said:
Most numismatic they produces are crap... look at the AUS - China relationship coin, piece of "Sugar Honey Ice Tea"....

Besides the Opal and Lunar series, I didn't have much hope on their products... Now... I gave up on Opal series, and don't have much hope on their Lunar series... RIP to Perth Mint.
Click to expand...


I totally disagree.

Perth, in general, make fantastic coins.

There's people that confuse a quality product with high prices and low spot, but that has nothing to do with quality!

Perth do not have crap coins, they have excellent designers and quality products.

Obviously not every coin is going to be a winner, but to say Perth produce crap is totally wrong.

H
 
You must log in or register to reply here.
Back
Top