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 Replies: 20 / Views: 5,054 |
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Pillar of the Community
United States
4008 Posts |
Quote:
tulip mania you ask me ... makes no sense at all.  |
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Bedrock of the Community
Australia
21788 Posts |
I feel that the big price would be due to demand on the Chinese mainland. I was speaking to a guy from Shanghai, and he said that the Chinese numismatic market is just starting to wake up. The Perth Mint has been engaging with the Chinese bullion / numismatic market with their products for some time. They have seen the potential, and are designing their products accordingly. The Perth Mint had better watch out. Their success may attract the attention of a Chinese entrepreneur, and buy them out. |
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Pillar of the Community
Canada
1502 Posts |
Isn't Perth Mint a crown corporation? (owned at least partially by the AU gov?), I know the RCM is for Canada I'm kicking myself for selling one of my double Mongolia Ural Owls a while back for $250. I thought I did well, but man... if only I had held on to it for another year. |
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Valued Member
Canada
178 Posts |
I personally think I like the owl better, but I don't think I would ever justify spending that much on one ounce of silver. Would like to have it, but not for that price.
On a side note to people who have been at this a lot longer than I have, do coins like this one for example tend to keep the price they're selling for? I would be worried that one day the market for it would completely collapse, but I don't know if there are any comparables to this situation.
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Bedrock of the Community
Australia
21788 Posts |
Yes I know that the Perth Mint IS a Crown Corporation, but I wouldn't put it past ANY Australian government State or Commonwealth, to sell the Perth Mint off, if they could see a decent commercial opportunity. |
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Pillar of the Community
Canada
1502 Posts |
a shame... I'm not against foreign investment/ownership in principle but not Mints. It just doesn't make sense if Mints can be bought!
@ztt2: It's too new to tell for this particular series of coins, especially since it's shot up so high from it's low issue price (~$100) in such short time. My bet is it will hold its price as more and more people see and want these low mintage coins. There's no doubt that the design stands out. Key date/variety 1oz silver pandas that go for >$1000 have far larger mintages than 2500 a piece.
Always a bit of a gamble though. In a pinch, dealers will only offer you spot if that for these coins.
Edited by poboxw
03/26/2012 11:12 pm
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Pillar of the Community
 United States
1454 Posts |
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Oh I believe it! And if you're in NA, where did you get it? because I am interested as well. Although Most would scoff at the price those are going for! I bought it in 2010 The seller had it paired with another coin, a Cook Islands 2009 $5 40th & 50th Anniversaries of Moon Missions Proof. They set me back $150, so essentially, the Wolverine cost me $75. I remember being the only bidder. This was Coin of the Year in 2009. Combined with its low mintage, I don't see this coin losing value anytime soon... unless those Chinese counterfeiters set their eyes on it and flood the market with fakes. |
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Rest in Peace
United States
9104 Posts |
Quote:
tulip mania you ask me ... makes no sense at all.
I bought mine for $75 when it came out around 2008. I agree, I'll give you $100 for it since you'd not want to participate in such nonsense. |
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Pillar of the Community
United States
4008 Posts |
Quote:The Perth Mint had better watch out. Their success may attract the attention of a Chinese entrepreneur, and buy them out. Not sure if the Perth Mint is for sale or even if it can be bought by anyone outside Australia. If it can, though, the Chinese government seems a more likely buyer than an entrepreneur. |
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Pillar of the Community
United States
1454 Posts |
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I'll give you $100 for it since you'd not want to participate in such nonsense. Bigg, Would that be check or money order? LOL! |
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Rest in Peace
United States
9104 Posts |
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Moderator
 United States
16679 Posts |
No thanks.
swcoin.ecrater.com
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Pillar of the Community
United States
2734 Posts |
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the Chinese numismatic market is just starting to wake up. If only they were this interested in ASE's, I could retire right now!    |
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Pillar of the Community
United States
1454 Posts |
Honestly, it could be worth $5000 and I still wouldn't part with mine. Just wish I'd spent the $75-100 it sold for at the time for a couple of extras. I had hoped to make up for my lapse in judgment by getting a few of the new Mongolia 2012 Hedgehog coins but they came out of the block selling for $500!  |
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Rest in Peace
United States
9104 Posts |
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Always a bit of a gamble though. In a pinch, dealers will only offer you spot if that for these coins.
I wonder what car sales would be like if the typical buyer debated over whether he'd only be able to get $500 scrap value out of his $50,000 car is SHTF? Coins are a form of art. Don't pay more for one than it's worth to you for enjoyment, and you don't have to worry about whether it'll hold its value. |
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Replies: 20 / Views: 5,054 |
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First Page
Posted 03/26/2012 8:45 pm
