Who is staying up for the midnight launch?

I haven't tried to buy Australian proof coins before. They don't appear to be worth the frustration the PM puts buyers through.

Edit, at least I didn't get sucked into placing a previous order. Through emails, the mint told me that my order could be cancelled at whim if I didn't already have a prior order. Placing another order just to insure that I would miss out this time would have really made me happy.
 
adrenalin said:
Bullion Baron said:
I got sold out on the Three-Coin Set after around 10 minutes processing time :( Oh well. Good luck guys.
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I rekon they will list more in the morning when ppl are awake.
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There may be a few more sets reserved for phone orders too
 
1 kilo 2oz 1oz 1/2oz
Silver Content (Troy oz) 32.151 2.0 1.0 0.5
Monetary Denomination (AUD) 30 2 1 0.50
Fineness (% purity) 99.9 99.9 99.9 99.9
Minimum Gross Weight (g) 1003.002 62.270 31.135 15.573
Maximum Diameter (mm) 100.60 55.60 45.60 36.60
Maximum Thickness (mm) 14.60 3.60 2.60 2.30
Maximum Mintage 500 2,000 8,500 9,000
Designer Tom Vaughan Tom Vaughan Tom Vaughan Tom Vaughan

http://www.perthmint.com.au/catalog...014-year-of-the-horse-silver-proof-coins.aspx
 
Well at least I got in the Goldstackers horsy deal for the 1 + 20....

I guess you cant win them all :)

FYI...As long as it says unavailable it means that they do have stock!
 
Bullion Baron said:
alor said:
1 kilo 2oz 1oz 1/2oz
Silver Content (Troy oz) 32.151 2.0 1.0 0.5
Monetary Denomination (AUD) 30 2 1 0.50
Fineness (% purity) 99.9 99.9 99.9 99.9
Minimum Gross Weight (g) 1003.002 62.270 31.135 15.573
Maximum Diameter (mm) 100.60 55.60 45.60 36.60
Maximum Thickness (mm) 14.60 3.60 2.60 2.30
Maximum Mintage 500 2,000 8,500 9,000
Designer Tom Vaughan Tom Vaughan Tom Vaughan Tom Vaughan

http://www.perthmint.com.au/catalog...014-year-of-the-horse-silver-proof-coins.aspx
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There is 5,000 individual, 1,000 in the Three-Coin set... wonder whether they are saying they will mint the other 2,000 for another set of some kind?
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Possibly the 4 coins typeset
 
Bullion Baron said:
dccpa said:
I haven't tried to buy Australian proof coins before. They don't appear to be worth the frustration the PM puts buyers through.
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Is there another Mint elsewhere in the globe where such high demand sees their coins sell out within minutes? And if so how does their system cope with the load?

As frustrating as it is to miss out (although as mentioned above, more may become available in the morning), the Perth Mint site is much improved over what it was a couple of years ago where the site would crash and rather than order queue you would be stuck madly refreshing just to get the checkout through.
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BB, I normally avoid high demand coins. The pre Dragon lunars met my criteria for best available bullion silver coins with premium appreciation potential. If the horse premiums stay anywhere near current US prices, then lunars won't be my go to coins any more and it will be time to start selling them off. It was a good run for a while, but all good things come to an end.
 
Bullion Baron said:
Ahh yes of course the typeset. And then 500 left maybe for a use in another set special edition or won't be minted.

dccpa said:
BB, I normally avoid high demand coins. The pre Dragon lunars met my criteria for best available bullion silver coins with premium appreciation potential. If the horse premiums stay anywhere near current US prices, then lunars won't be my go to coins any more and it will be time to start selling them off. It was a good run for a while, but all good things come to an end.
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From a buyers perspective I agree the high demand is making it difficult to buy the bullion coins for a reasonable premium. I've got a couple of rolls of 1oz Horses at avg $8 premium, if I can get a few more at that price in near future then great, if not then I will not buy any more. But the increased demand doesn't provide reason to sell the bullion lunar coins I already have from previous years, if anything the increasing demand is incentive to continue holding... unless you think we are seeing peak demand?
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No clue when my selling would start. The psychology of silver buyers probably won't change much until silver can break back above $30. Right now, you can't sell any quantity of lunars at a decent premium. One at a time yes, but not a roll. Since you were able to get the horses at a decent premium, it is likely that my original thesis of coming lower US premiums will be correct. The horses were going to be my last significant purchase anyway, so I am good with premiums staying up permanently or lowering.

It is hard to believe how much things have changed. My last major silver purchases was three years ago on September 3, 2010. The tiger premiums were around $3.85USD per coin on a 500 coin order. Silver was a little under $20. Now silver is only $24 and premiums are $8-12?
 
dccpa said:
Bullion Baron said:
Ahh yes of course the typeset. And then 500 left maybe for a use in another set special edition or won't be minted.

dccpa said:
BB, I normally avoid high demand coins. The pre Dragon lunars met my criteria for best available bullion silver coins with premium appreciation potential. If the horse premiums stay anywhere near current US prices, then lunars won't be my go to coins any more and it will be time to start selling them off. It was a good run for a while, but all good things come to an end.
Click to expand...
From a buyers perspective I agree the high demand is making it difficult to buy the bullion coins for a reasonable premium. I've got a couple of rolls of 1oz Horses at avg $8 premium, if I can get a few more at that price in near future then great, if not then I will not buy any more. But the increased demand doesn't provide reason to sell the bullion lunar coins I already have from previous years, if anything the increasing demand is incentive to continue holding... unless you think we are seeing peak demand?
Click to expand...

No clue when my selling would start. The psychology of silver buyers probably won't change much until silver can break back above $30. Right now, you can't sell any quantity of lunars at a decent premium. One at a time yes, but not a roll. Since you were able to get the horses at a decent premium, it is likely that my original thesis of coming lower US premiums will be correct. The horses were going to be my last significant purchase anyway, so I am good with premiums staying up permanently or lowering.

It is hard to believe how much things have changed. My last major silver purchases was three years ago on September 3, 2010. The tiger premiums were around $3.85USD per coin on a 500 coin order. Silver was a little under $20. Now silver is only $24 and premiums are $8-12?
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Dealers ain't stupid...they know what is happening behind the scenes...QE to infinity will eventually be silver and gold's horse to higher prices...pun intended.
 
barsenault said:
Dealers ain't stupid...they know what is happening behind the scenes...QE to infinity will eventually be silver and gold's horse to higher prices...pun intended.
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If you believe in hyperinflation, it would not be wise to invest in lunars. Hyperinflation believers should be buying low premium bars/rounds or possibly ASEs. Rounds with 5% markups would make you far wealthier than lunars with 33-67% markups.

Dealers don't care about QE to infinity. Dealers make their profit off the markup. Hyperinflation = uncertainty = very bad times. With hyperinflation, someone could rob the dealer and split the proceeds with unpaid cops. Hyperinflation is not something you want to live through and will make you a target. I make it known that my pms are stored in safe deposit boxes. I don't tell which banks, but I make sure people know that I cannot get to the coins, except during banking hours. The banks also know that no one should be with me when I visit a deposit box, no exceptions.

Japan is likely to experience hyperinflation in the next couple of years. What happens to the Japanese will be a lesson for the rest of us.
 
dccpa said:
barsenault said:
Dealers ain't stupid...they know what is happening behind the scenes...QE to infinity will eventually be silver and gold's horse to higher prices...pun intended.
Click to expand...

If you believe in hyperinflation, it would not be wise to invest in lunars. Hyperinflation believers should be buying low premium bars/rounds or possibly ASEs. Rounds with 5% markups would make you far wealthier than lunars with 33-67% markups.

Dealers don't care about QE to infinity. Dealers make their profit off the markup. Hyperinflation = uncertainty = very bad times. With hyperinflation, someone could rob the dealer and split the proceeds with unpaid cops. Hyperinflation is not something you want to live through and will make you a target. I make it known that my pms are stored in safe deposit boxes. I don't tell which banks, but I make sure people know that I cannot get to the coins, except during banking hours. The banks also know that no one should be with me when I visit a deposit box, no exceptions.

Japan is likely to experience hyperinflation in the next couple of years. What happens to the Japanese will be a lesson for the rest of us.
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Amen. Not much to add to that wonderful piece! I too hope it doesn't happens to us or Japan, for that is something I never to wish on anyone. Not sure how they or we get ourselves...and many other countries get ourselves out the mess we put ourselves in. You are absolutely right too about least expensive silver in hyper-inflationary times. It is the great equalizer? Meaning, who cares if you have a pretty horse vs. my ugly eagle...just give me a 1 oz piece to barter with to feed my family, correct? Maybe I should stop with all the lunar and panda (expensive numismatics), and start buying bullion? Like eagles? Which I have none of. Thanks much
 
Missed it, wonder if there are some available in the mint shop this morning.
 
barsenault said:
Amen. Not much to add to that wonderful piece! I too hope it doesn't happens to us or Japan, for that is something I never to wish on anyone. Not sure how they or we get ourselves...and many other countries get ourselves out the mess we put ourselves in. You are absolutely right too about least expensive silver in hyper-inflationary times. It is the great equalizer? Meaning, who cares if you have a pretty horse vs. my ugly eagle...just give me a 1 oz piece to barter with to feed my family, correct? Maybe I should stop with all the lunar and panda (expensive numismatics), and start buying bullion? Like eagles? Which I have none of. Thanks much
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For those of us in the US, I would think that 90% US silver coins and ASEs would be the go to silver for barter use. PM Lunars are very nice coins, but Joe 6 pack won't recognize them. A lot of people still remember the pre 65 coins and the ASE design is like the walking liberty half dollar. Bars, rounds and foreign coins may very well work too, but the easy sell will be the 90% silver. Since I am not in the hyperinflationary camp, I don't own much. But I do foresee a potential disruption of days/weeks in the supply chain and have enough 90% silver to cover a few weeks of food and gas purchases.
 
dccpa said:
barsenault said:
Amen. Not much to add to that wonderful piece! I too hope it doesn't happens to us or Japan, for that is something I never to wish on anyone. Not sure how they or we get ourselves...and many other countries get ourselves out the mess we put ourselves in. You are absolutely right too about least expensive silver in hyper-inflationary times. It is the great equalizer? Meaning, who cares if you have a pretty horse vs. my ugly eagle...just give me a 1 oz piece to barter with to feed my family, correct? Maybe I should stop with all the lunar and panda (expensive numismatics), and start buying bullion? Like eagles? Which I have none of. Thanks much
Click to expand...

For those of us in the US, I would think that 90% US silver coins and ASEs would be the go to silver for barter use. PM Lunars are very nice coins, but Joe 6 pack won't recognize them. A lot of people still remember the pre 65 coins and the ASE design is like the walking liberty half dollar. Bars, rounds and foreign coins may very well work too, but the easy sell will be the 90% silver. Since I am not in the hyperinflationary camp, I don't own much. But I do foresee a potential disruption of days/weeks in the supply chain and have enough 90% silver to cover a few weeks of food and gas purchases.
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Amen. I don't have a lot of 90%. Some. But tons of kooks and lunar, and pandas...and a lot of numismatic coins: PM and Pandas...so,,I'd essentially be screwed in H-I times. :-(
 
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