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 Replies: 10 / Views: 1,969 |
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Pillar of the Community
Australia
750 Posts |
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Valued Member
Australia
414 Posts |
At $30 each they are probably just buying them off ebay and repacking them and still making $10 a coin. Ridiculous asking price if you ask me! |
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Pillar of the Community
Australia
1040 Posts |
I think the Perth Mint have lost the plot,with a lot of their "releases" you can buy them 12 Months later cheaper than dealers buy,surely this business model will eventually collapse. $30 for the 1966 50c is optimistic,the UNC coins are slowly sneaking towards $15-$20 on ebay but it will be many years and a World War or 2 before Silver hits $90 oz. |
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Valued Member
Australia
216 Posts |
Well when you look at all Perth Mint products, they average 3 times spot. So really this price is just following there previous policy. Not that I'm gonna buy one any time soon. |
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Pillar of the Community
Australia
9379 Posts |
When I check the Sunday paper, here in Perth, every week. There is always someone advertising, wanting to buy 1966 50c. Maybe it's the Perth Mint. Steve :) |
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Pillar of the Community
 Australia
750 Posts |
If they'd waited 3 years and did a 50th Anniversary folder then perhaps it would be driven by something other than greed.
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Pillar of the Community
United States
2734 Posts |
The last coin show I was at, a dealer had some BU 1966 Aust. 50 Cents for US$11 each. A few years ago, I found a polished '66 Aust. 50 Cents in a bargain bin for US$1!  |
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New Member
Australia
15 Posts |
About 3 months ago I got 46 at my local bank for $23.
:)
People sell their silver to PM and these 50's are no doubt part of the PM modus operandi!
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Pillar of the Community
Australia
515 Posts |
I thought that particular packaging was Downies.
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Pillar of the Community
Canada
815 Posts |
Hmm, I buy these at bullion...why would anyone pay triple bullion for one?
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Pillar of the Community
Australia
7096 Posts |
Looks like they have been saving up the coins sold to them at ridiculously low prices and selling them off with a bit of bling packaging. They are double dipping on this and saving on the refining cost to get the impurities out of the 80% silver coins. Current melt on these is about $10 Aus (they are probably only paying $6-$7 each for these) at $30 each and bugger all effort (No Minting) and they are probably cleaned as well. What a rip off. Shame on you Perth Mint  |
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Replies: 10 / Views: 1,969 |
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Posted 01/31/2013 5:04 pm
