Perth Mint Not Selling Fixed Priced Silver 1oz Cards Anymore

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Author	Replies: 9 / Views: 1,733
Ozzie Valued Member Cyprus 349 Posts	Posted 03/09/2011 03:28 am Hi I was speaking to Perth Mint today and they said they are not selling any of the 1 oz Koalas, Kooks silver $1 coin cards. They said its because they sell spot bullion 1 oz at about $46AUD so they cant sell the cards below spot. Regards, Ozzie Report this Post to the Staff

Ozzie Valued Member Cyprus 349 Posts	Posted 03/09/2011 09:15 am they said they will have to price them above spot. What price will that be? Report this Post to the Staff
vinnycoin Valued Member Canada 442 Posts	Posted 03/09/2011 09:56 am Do you have a link of what you're referring to? so they were selling 1 oz coins for below spot? Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 03/09/2011 10:16 am I dont think they were selling below spot......... Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 03/09/2011 10:18 am http://www.perthmint.com.au/catalog...r-coins.aspx Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 03/11/2011 07:17 am They are selling them again with a new price 2011 Australian Koala 1oz Silver Coin 1107DAAA AUS $ 45.50 Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 03/12/2011 06:16 am Correction...They have put the price up by $2 in one day... 2011 Australian Koala 1oz Silver Coin 1107DAAA AUS $ 47.50 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 04/02/2011 09:31 am I suspect that the Perth Mint is not buying silver at present because the spot price is in a spike right now. There is a growing danger that they could be caught with bullion paid for at too higher a price. Better to sell the holdings they now have. If their reserves are low, they would not have much to sell. In this circumstance, if they read that sales are going to be slower, it is best to spend more on presentation and market smaller amounts at a higher price. Report this Post to the Staff
vinnycoin Valued Member Canada 442 Posts	Posted 04/02/2011 09:57 am Why don't they just sell these items like they do with bullion and adjust the price as needed? Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 04/03/2011 11:21 pm I don't know, but I love Perth Mint, man these produce some nice high quality silver.... Many of their nice collector sets are so high above spot, just not realistic for me to target them.... Edited by Silverhawk74 04/03/2011 11:21 pm Report this Post to the Staff
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