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Suriname 1 Oz Silver Coin - Interesting Find

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VintageRacer's Avatar
Romania
26 Posts
 Posted 07/25/2013  11:10 am Show Profile   Bookmark this topic Add VintageRacer to your friends list Get a Link to this Message Number of Subscribers
I am wondering why this coin from Suriname doesn't get much attention:
http://www.primevalues.org/hard-ass...-oz-coin.htm

I grabbed a few, but my dealer eventually ran out of them and now its price is dreadfully high...

The coins look good, some small flaws are there, but they were a better buy than anything else: very low premium! Bought them almost at spot price!

They might not have much numismatic value, but I guess the mintage is low. I read they're minted in the Netherlands... Holland, whatever. Despite being Suriname's official silver bullion coins.

It seems like these are quite rare out there... I see Somali coins getting more attention. Believe me, these are not at all worse than Silver Eagles, which are anyway all the same every year...

I'd rather buy some 3rd World country's coins for the sake of metal content.
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allspice's Avatar
Canada
746 Posts
 Posted 07/25/2013  2:51 pm  Show Profile   Bookmark this reply Add allspice to your friends list Get a Link to this Reply
Interesting coin, Vintage. I tried to locate it; found it at Provident metals, not too bad of a price...

http://www.providentmetals.com/2013...er-coin.html
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 07/25/2013  5:05 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Provident does have them for a good price. Comparing them to ASEs---I know if I ever have to offload ASEs fast, I can get at least $1 over spot from LCS's. I'm not sure if they'd do
that for the Suriname coins. They might only go for spot (or even less) on those. I think I'll grab one on a "1oz world silver coins" basis, but I don't think I'll go stacking tubes of them.

It is however refreshing to see a national bullion coin without the picture of yet another animal, poisonous insect or some other kind of flying pest. I think it's a pleasant change to see
a traditional national coat of arms for a change. Unfortunately, that'll probably kill quantity sales for this coin since animals, poisonous insects, etc are what sell best these days.
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traevin's Avatar
United States
1454 Posts
 Posted 07/25/2013  9:03 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
I honestly didn't know they existed. Now that I do, I guarantee I'll get one. Have to add to my list of (more modern-day) countries that produce larger-sized silver coins. It was easy going at first but I'm bogging down at 81 countries now. Definitely appreciate the tip!
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SDCrow's Avatar
United States
456 Posts
 Posted 07/25/2013  11:27 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply

Quote:
I read they're minted in the Netherlands... Holland, whatever.


Like many other world bullion coins, I think they are made in Germany, actually:

http://europeancentralmint.eu/en/silvercoins.php

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VintageRacer's Avatar
Romania
26 Posts
 Posted 07/26/2013  03:20 am  Show Profile   Bookmark this reply Add VintageRacer to your friends list Get a Link to this Reply
My dealer says they are minted in the Netherlands, I saw an interview on YouTube in which they told the same, but what if they are also minted in the Netherlands and Germany?

A while ago I ordered some and there was some shortage. My dealer said the Netherlands mint had some technical issues.

So I reckon they moved the production to Germany (?).

The Central European Mint is located in the Netherlands, by the way.
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SDCrow's Avatar
United States
456 Posts
 Posted 07/26/2013  12:38 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply
My apologies, you are right. I see their headquarters is located in the Netherlands and their office in Germany handles their worldwide sales. I saw Berlin, Germany at the bottom of the link I sent and just assumed that's where they were made as well. Good to know. Either way, both are a LOOONNGG way from Suriname.
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greener's Avatar
Netherlands
10 Posts
 Posted 07/27/2013  10:41 am  Show Profile   Bookmark this reply Add greener to your friends list Get a Link to this Reply
Suriname whas a colony from the Netherlands so thats why they mint them here.
They are cheap as dirt here.

Greener
Ps: from the Netherlands so sorry for my poot writing
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Canada
6767 Posts
 Posted 07/27/2013  1:38 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
I usually buy bullions for my collection for their design.
This one, Suriname, can be purchased for "All over the world".
But IMO, the design is very poor, will not buy this one.

You can get the coin here, not expensive, and the seller is good, never had issue with him:

http://www.ebay.com/itm/SURINAME-10...em3383dfa231
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SDCrow's Avatar
United States
456 Posts
 Posted 07/27/2013  5:58 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply

Quote:
Suriname whas a colony from the Netherlands so thats why they mint them here.


Very cool. That little fact makes these more appealing to me than if they were minted in some other random country. I'll definitely add one to my world collection.

I actually like the design pretty well.
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bekiz's Avatar
Japan
666 Posts
 Posted 07/27/2013  11:08 pm  Show Profile   Bookmark this reply Add bekiz to your friends list Get a Link to this Reply
boring design ... no animals - no buy :)
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VintageRacer's Avatar
Romania
26 Posts
 Posted 07/30/2013  04:14 am  Show Profile   Bookmark this reply Add VintageRacer to your friends list Get a Link to this Reply
To me it looks really good... I like the unique look of the coin.
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sodude's Avatar
United States
149 Posts
 Posted 07/30/2013  11:56 am  Show Profile   Bookmark this reply Add sodude to your friends list Get a Link to this Reply
The design is not the best, but it's marketed as a low premium coin rather than a collectible.

If they continue to issue them each year, then it might catch on and the inaugural year will be key especially if they change the design each year.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 07/30/2013  3:55 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Since the national coat of arms is on one side and a map of the country is the other side of the coin, I doubt they'll be changing the design annually.
I think this one is one of those "what you see is what you get for the duration" coins. On the price---Provident presently has the coin for $11 less
than the ebay listing and Prov's shipping is actually $1 less also.
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BluegrassRiver's Avatar
United States
324 Posts
 Posted 08/07/2013  12:17 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
The answer to your question is in the sales lit.

These coins are not so well-known, primarily because they're relatively new to the market and because the issuing country is a small country.

I really like the fact they are low mintage. Suriname (pronounced SUR-uh-nahm) is on the north coast of South America. It became independent from Netherlands in 1975. The Dutch still have considerable influence because they provide the majority of development aid. This silver coin is worth buying because it is almost a novelty authorized by such a small even obscure but legitimate nation.
Edited by BluegrassRiver
08/07/2013 2:42 pm
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SA4H's Avatar
United States
2764 Posts
 Posted 08/07/2013  5:17 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
If only we know/have a concrete mintage number...... look at the Fujii Taku coin.....
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