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 Replies: 42 / Views: 6,197 |
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Pillar of the Community
 United States
1454 Posts |
Poboxw,
Hedgehog? Interesting. Out of curiosity, where did the the coin sell out from? What mint carried it? Do they have a website? I came up empty on the search.
Thanks
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Pillar of the Community
United States
1454 Posts |
The same thing always happens to me with the Palau Mint. They don't seem, unless I just missed it in searches, to have a business setup like the major world mints that I frequent such as Perth, RCM, Pobjoy, NZM, RAM, etc. Some of these mints carry, or make, coins for other mints and advertise them. Like the NZM and Perth carry places like Niue, Cook Islands, or Fiji, among others. But who carries Mongolia and Palau's new releases other than dealers? |
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Pillar of the Community
Canada
3692 Posts |
I think that a lot of numismatists are teaching their kids what to look for in collections. That coupled with their huge allowances and you have a brand new demographic with cash to throw around. I saw kids spending $50+ on silver ounces like it was candy. I'm much more frugal than that and I love to haggle and take my time with purchases, always looking for the best possible grade for my money. Going back to proofs, I got my fill when the price was pushing $48 last year so I didn't do so bad. Those silver dragons, though, are pretty overpriced, in my honest opinion.
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Pillar of the Community
United States
4008 Posts |
Another possible facet to this interest in certain coins is that it has been found psychologically appealing to people to put pictures of animals on certain products. The Aussies got into this in a big way in their wine industry with many Australian wine bottle labels carrying animal pics on them. The fact that Aussie wines are excellent and inexpensive just adds more to an already very nice product.  |
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Pillar of the Community
United States
1454 Posts |
Ed, I think Perth was onto something and way ahead of the curve. I can't even begin to list all the lunar dragons that are currently available. Here's one of the cooler one's that I have in my collection. I lost my camera cable and can't post pics until I find it so I just took it from an auction. If I told you how much it went for, you'd think I was crazy, but mintage was only 4K and that drove up demand considerably. I also have a Russian 2012 dragon that's nice, but it's plain Jane compared to this one.   |
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Pillar of the Community
United States
4008 Posts |
Wow! Those are VERY fancy. Thanks for the images. It's a little odd to see the word "dollar" on these coins, though. With a pic of QE II on there, I would expect to see pounds, shillings, crowns, etc. Anything but "dollars". Of course, both Aus and NZ use the word "dollar" on their currency too, so it is pretty widespread. Funny how a Spanish monetary term from 300 or so years ago just seems to hang on and on. As a sci-fi buff, I keep expecting to see the universal "credit" as a monetary unit any time now.  I know what you mean about lost cables, though. That problem hits most of us from time to time. I had a heckuva time finding my GPS to car cigarette lighter cable the other day. It was finally located but after spending a lot of time I would rather have spent elsewhere.  |
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Pillar of the Community
United States
3670 Posts |
Key word to search is "togrog silver", and you will find items like this. Also owl silver coin, or hedgehog or wolverine, never hurts to try different word groupings, as always a chance a GREENHORN with zero info on coin value, could list in wrong area. Hence no one with any knowledge of what it is, being able to even find it... Here is the big guy below, as he lists for $1994 cheapest of the two on ebay right now, an the other is $1999. So here is a choice for ya! Buy a 1 oz. GOLD BUFFALO or a 1 oz. silver round from the endangered series 2007 wolverine, rof  .... http://www.ebay.com/itm/Mongolia-20...em256d7fe022Here is your baby hedgehog (Sonic, lol), that Pobox spoke of yet to release, and this is cheap as you can find it runnin auction or buy it now, up to 400 already, lol..... http://www.ebay.com/itm/Wildlife-Pr...em35b9f91683This guy here down in Bama is shilling the you no what out of this listing, as my inspection into the bidders list has me thinking. Not that he needs to shill, the last one of these running auction just went for about 500 a few days back.... http://www.ebay.com/itm/2011-500-TO...em1e6bccedc9In the older days before 2007 (I THINK, could be wrong) these coins were not as raised an detailed, but I found two neat examples in scorpion an long eared mouse, both with crystal eyes, yet BOTH ARE .925 an only 26 grams or so total weight. WHY, I always ask, .925 an only 25 grams. I can understand .925 at 31.1 grams, just killz me the ideas some humans come up with, lol.... http://www.ebay.com/itm/Mongolia-20...em2ebbbab100http://www.ebay.com/itm/Mongolia-20...em256d27f67fThey make a similar version same .925 an weight with Genghis Khan and Fredrick Chopin.... Or how about a five oz. version from Mongolia, (perhaps different series no doubt, mint perhaps), in this gilded 5 oz. Lunar dragon coin.... http://www.ebay.com/itm/23058885531....m1436.l2649All of the above is fine examples of high end low mintage silver, that seems to deviate big time away from the current metal spot price, as all their value seems to way exceed their metal content. I think we will see more mints trying to produce nicer higher end silver in the near future.... Why not, more money made with less silver used, lol.... Edited by Silverhawk74
03/03/2012 1:42 pm
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Pillar of the Community
United States
1454 Posts |
"as always a chance a GREENHORN with zero info on coin value, could list in wrong area."
Silverhawk,
Some of the best deals I've ever lassoed were garnered via this exact route. The last one I remember was a 2000 silver $1 Australian dragon BU that was listed as a silver Canadian Lunar coin with the Queen's effigy as the primary pic instead of highlighting the dragon, which was in there on a peripheral thumb-size pic. Something that should have gone for $75, easy, had two bidders and I took the high bid at $28 and change. I kinda felt bad for the new seller but at least he got some glowing feedback from me after the coin arrived on time and in near perfect (MS69) condition.
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Valued Member
United States
89 Posts |
"I think that a lot of numismatists are teaching their kids what to look for in collections. That coupled with their huge allowances and you have a brand new demographic with cash to throw around. I saw kids spending $50+ on silver ounces like it was candy. I'm much more frugal than that and I love to haggle and take my time with purchases, always looking for the best possible grade for my money. Going back to proofs, I got my fill when the price was pushing $48 last year so I didn't do so bad. Those silver dragons, though, are pretty overpriced, in my honest opinion."
I agree but I don't think it is just kids, I have neighbor who throws out good $$ at any pretty silver coin he sees'. I think the amount of silver coins flooding the market will no end too well and you will likely see crash in their premiums over spot price in the coming years.
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Valued Member
Japan
71 Posts |
prices for the mongolian hedgehog are just exorbitant - the average one goes for about 500... I'm still waiting for them drop a bit, or they won't?
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Pillar of the Community
United States
4008 Posts |
Quote:
I'm still waiting for them drop a bit, or they won't? I thought exactly the same thing when gold hit $400 an oz.  |
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Pillar of the Community
United States
808 Posts |
I did a little research and it appears that the primary wholesaler/distributor for our favorite Mongolian coins is an outfit in Liechtenstein called Coin Invest Trust. Their website has a massive coin catalog representing a number of state mints, including the Bank of Mongolia.
They don't appear to do individual retail sales. However, if someone here has the scratch for a larger wholesale buy, let me know. I'll pitch in for a coin or two!
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Pillar of the Community
United States
1454 Posts |
Quote:
However, if someone here has the scratch for a larger wholesale buy, let me know. I'll pitch in for a coin or two! Thanks for the info. I believe European dealers grab up the majority of these smaller bank offerings. There are two or three ebay seller names that always pop up when these kinds of coins hit the market. Palau is another country that puts out some interesting world coins and I don't think they don't sell to individuals, either. I'm not sure if there is anyone on this site who has the clout to really move into these markets. I assume one must spend potentially tens of thousands of dollars to get one's foot in the door. Just a hunch. |
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Pillar of the Community
United States
808 Posts |
Quote:
I assume one must spend potentially tens of thousands of dollars to get one's foot in the door. Just a hunch. I'm sure you're correct. There are likely other criteria as well like a demonstrable preexisting coin business history and such. |
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Valued Member
United States
212 Posts |
The Silver Australian Kangaroos are going through the roof too.
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Replies: 42 / Views: 6,197 |
First Page
Posted 03/01/2012 03:53 am
