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 Replies: 26 / Views: 4,308 |
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Pillar of the Community
United States
5849 Posts |
I saw this gorgeous 1 ounce silver coin over at Provident Metals for $99.99: 2012 1 oz Silver Australian Year of the Dragon CoinKind of a ridiculously high markup in my opinion, but I guess it's being marketed to collectors or something. Whatever. But then I saw this one at the same site for $1,198.23: 2012 Kilo (32.15 oz) Silver Australian Year of the Dragon CoinSame exact coin, except it's 32.15 ounces instead of just one. That works out to just over $37 ounce as compared to $99.99 per ounce. I've heard of bulk discounts before, but that's just plain ridiculous! I'm sorely tempted to buy one of these just for the unique pleasure of owning a "coin" of that size, but my recent ATB purchases have exhausted the PM budget for the time being... |
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Pillar of the Community
United States
3670 Posts |
I am all over the Lunar dragon coins Barry G, as I was just smacking myself a week or so back, for not grabbig any of the series two 2012 versions of the five oz., at around four hundred with shipping an all from Provident before they ran out. Not exactly cheap at 80 bucks per oz. or so, but hey Lunar dragons are always climbing fast in value, all though they are never gonna be as valuable as the first series release....
We have a 2000 Lunar dragon one oz. in the case in front of me, and we have it priced at 120 bucks plus tax, so not a cheap coin by any means. I bought one last year, and eventually sold it to Pobox. I recall I bought it for like 90 bucks shipping an all way back early last year....
Edited by Silverhawk74
02/18/2012 2:07 pm
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Pillar of the Community
United States
3670 Posts |
Thirty seven bucks per oz. is about right for nice kilo bars or coins from the mint. But you will usually pay way more for similar products on ebay.... |
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Pillar of the Community
Canada
1502 Posts |
1 kg coins have a real presence. Go for it!
That 2000 lunar dragon I got from hawk will remain a prized possession for me. Truth is I don't care much for the 2012 version. The 2000 is traditional to the core, while the 2012 feels a bit off.
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Pillar of the Community
 United States
5849 Posts |
I guess I'm just wondering why the kilo coin is selling so close to spot whereas there is such a steep premium on the one and five ounce versions. I guess not to many people collect the kilo coins...
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Pillar of the Community
United States
3670 Posts |
Like anything in this world Barry the more of one item you buy, the less you pay for it I guess....
And plus there are many more out there that can afford a 100 dollar 1 oz. round, before they can afford a kilo of any silver....
Look how ridicuous premiums are on half oz. rounds, often as high as a 1 oz. round. And 1/10 and 1/20 of an oz. silver like Liber T's, ridiculous what they list for, lol....
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Pillar of the Community
Canada
1502 Posts |
I know for a fact that the 1oz Perth Mint dragons were sold at very reasonable prices by Perth Mint on issuance. It is the dealers, banking on the fact that the 2000 dragons sold out and rose in value fast, that raised the price knowing there will be buyers. My guess is that dealers can't get the same premium on 1kg dragons simply because the population that can afford and/or are willing to spend $1000+ on a coin (regardless of weight) is much smaller than those that have $100 to spare. Edit (exactly what Hawk said :) ) Edited by poboxw
02/18/2012 4:25 pm
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Valued Member
United States
362 Posts |
The year of the dragon items seem mto have a hefty premium.... but that didn't stop me from grabbing a graded 1/4 gold ounce year of the dragon lunar graded coin for under 500$, which I thought was a good deal since it was graded
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Pillar of the Community
United States
3670 Posts |
ICSY, when you get into Lunar gold, esp first series quarter oz. graded, yeah that is a pretty good deal IMO, good buy as those bring some hefty ridiculous premiums....
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Pillar of the Community
United States
5849 Posts |
All right, after much pleading, whining, cajoling, begging and offering of logical arguments as to why this would really be a great investment...
My wife finally agree to let me buy the one kilo dragon coin! The price had risen a bit since end of day Friday, and I paid a bit of a premium to pay by credit card instead of bank wire, but at $1,244.98 I still think I did pretty well.
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Valued Member
United States
362 Posts |
I wanna see pics when it comes in, bet that thing is going to be huge lol.
I would love to have something like that, But I always tell myself the smaller, the more easier to sell... but the wow factor from something like that is almost too hard to resist
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Valued Member
United States
223 Posts |
darn barry, you gotta stop posting these links... I just dropped half that for the last three ATB's.. What to do what to do...  |
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Valued Member
United States
306 Posts |
puts the 5 oz pucks to shame
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Pillar of the Community
United States
5849 Posts |
I'll definitely try to take pics when it arrives, but I have a feeling it's not going to fit into my macro photography rig...
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Pillar of the Community
United States
4008 Posts |
Quote:
All right, after much pleading, whining, cajoling, begging and offering of logical arguments as to why this would really be a great investment... Heh heh... glad to hear that your begging and whining routines have been polished to a fine art and that they were successful!  I agree with the others. You GOTTA post a couple of pics of that monster when it comes in. Be sure to put something in the pic with it to give us some idea of the scale. Even if it doesn't fit into your micro-photo apparatus, do the best you can with it, any way you can. Don't make us beg, whine, or cry for it!  |
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Pillar of the Community
United States
5849 Posts |
The 1 Kilo Dragon Coin just arrived!     I'll post pictures as soon as I can, but I just wanted to mention that the coin seemed much smaller than I expected upon first glance. It's not all that much bigger than the 5 ounce ATB coins put out by the U.S. Mint, in fact. The difference, of course, is that the 1 kilo dragon coin is much thicker than the ATB coins -- a true "hockey puck," if you will. Also, the coin is a reverse proof, as I had suspected and hoped. Couldn't tell from the product images, but hopefully I'll be able to do a better job with my pictures. |
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Replies: 26 / Views: 4,308 |
Posted 02/18/2012 2:09 pm
