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 Replies: 14 / Views: 2,820 |
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Rest in Peace
United States
3730 Posts |
I may have asked this question previously, but I think I'm missing something. This has to do with the Australian 1 ounce silver Lunar Year of the Pig, 2007, coin. I have been told the mintage is only 2,500 pieces. How is that possible? I have four of the coins. My wife has seven. Our oldest son has two. A good friend of mine has 10. That's 23 just in this tiny nook in western Colorado. In addition, my favorite coin shop has several for sale. So, the 2500 mintage figure doesn't seem realistic. It doesn't make much difference I guess, but I'm very curious. Can someone fit the puzzle together for me. Were there really only 2500 minted, or was that figure for another type of Year of the Pig coin? Thanks for any information.  |
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Pillar of the Community
Australia
655 Posts |
Yeah that happens a lot (low mintage) with Perth Mint NCLT. I think they are more popular overseas than they are here at home. |
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Pillar of the Community
Australia
853 Posts |
Gry are you talking proofs or uncs that you have?
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Rest in Peace
 United States
3730 Posts |
Bigfella, I wish I could tell you. They really look like proofs to me. Beautiful coins. They resemble the ASE reverse proof in the way they are manufactured. If they aren't proof, I can't imagine what could be done to make them any more attractive. One of these days I'll learn to post pictures!! Edited by Gary Burke
03/27/2007 3:47 pm
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Pillar of the Community
Australia
9458 Posts |
Gary, according to the latest Perth Mint catalog (which I just picked up on Monday at the SAS coin release), there is 2500 1oz proof silver Pig and pin coins. There is also 1000 sets of 3 coins containing 2oz,1oz and 1/2oz coins. Therefore there is a total of 3500 1oz coins minted. There is also a 1oz coloured silver Pig coin with a mintage of 70,000. A Lenticular 1oz silver proof Pig which is mint to order is also available. Then you have the 1 oz Gilded silver Pig with a mintage of 50,000. Hope this helps. Steve 
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Rest in Peace
United States
3730 Posts |
Steve, It does help.
Thank you.
However I think I'm still missing a piece of the puzzle.
When I told my coin dealer about the 2500, she laughed. I don't know how many she has for sale, but obviously she can't comprehend just 2500 either.
Maybe someday the mystery will be solved. Or, maybe there is no mystery, and there actually were only 2500 minted. That would be great since we have a bunch of the coins in the family.
Tell you what, one of these days I WILL learn to post pictures, and then I won't have nearly as much trouble getting answers to questions.
Thanks again Steve, you are a super help, as always!!
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Pillar of the Community
Australia
853 Posts |
They also did a 1oz bullion (unc version) with a mintage of 100,000. The bullion version and the proof version have different designs (pics are on my website). Esentially the proof will have mirror fields with frosted image. The bullion version has frosted fields with mirror image.
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Rest in Peace
United States
3730 Posts |
The question has been answered!!! I think. My coins have frosted fields with mirror images. So, that would make them bullion coins, and the mintage would be 100,000. Thanks Bigfella, I think that was the missing piece to the puzzle. Now I understand. I'm a little disappointed, but then 100,000 isn't that big of a mintage either. Thanks again to all for the help. Edited by Gary Burke
03/29/2007 01:47 am
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Rest in Peace
Australia
661 Posts |
I can understand your frustration Gary, I still hav'nt learned to post pictures. Being self taught after retirement with the help of books plus living in the bush does'nt help.
I locked my computer and printer up so tight once that I had to take both to Toowoomba (150ks) for treatement. It's like having kids.
regards,
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Pillar of the Community
Australia
853 Posts |
Gary...in Aussie land 100,000 would be considered huge.....but in saying that you have to look at the purpose of the coin....to sell internationally on the bullion market.
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Pillar of the Community
Australia
9458 Posts |
At the release of the SAS coin on Monday, the Director of the Perth Mint said that they had sold 30 Million coins overseas for a value of about 2 Billion Dollars. (I think these figures are correct, I am only going by memory) Steve |
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Pillar of the Community
Australia
1091 Posts |
Gary, My favorite story for low mintages is with the Australian Proof Platinum Koala. In 1991 the Perth Mint introduced a "1 kilogram" coin with a mintage limit of 50. Yes, only a maximum of 50 would be sold. The actual number sold ended up as 20. The price may have had something to do with it...Issue price $24,215.00 AU. In 1992, they lowered the price while keeping the mintage limit at 50. Only Ten (10) were sold at the reduced price of $22,512.00 AU. In 1993, the price of Platinum rose again and the coin sold for $24,554.00 AU. That year the Perth Mint sold 3 (Three coins). They stopped making the 1 kilo coins after that. They also dropped the 10oz coin with the same design which sold a total mintage of 8 coins in 1993. The 10oz coins sold for $7,875.00 AU. |
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Pillar of the Community
Australia
3831 Posts |
toast, suprisingly I managed to trace two of the kilo platinum coins oveseas! I was shell shocked over the scale of size of it.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
Australia
9458 Posts |
You can still buy a one kilo gold-plated coin paperweight for $35. That's more my price range. Steve |
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Rest in Peace
United States
3730 Posts |
toast, Now that's what I call low mintages!!
Edited by Gary Burke
03/30/2007 8:42 pm
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Replies: 14 / Views: 2,820 |
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Posted 03/27/2007 08:15 am
