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 Replies: 18 / Views: 3,876 |
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New Member
United States
7 Posts |
Hello, As a gift, I was given 10 Australian one oz. silver rooster coins. On one side it says "one dollar" on the other side it has "2005" and "1 OZ. 999 SILVER". I have no idea what they're worth. Each coin is in a plastic holder and some of the holders are cracked or scratched and I have no idea if that even matters. I'm going to try to add a picture and would be interested in their value and/or your feed back. Thanks!  Edited by Mike B
09/27/2014 9:14 pm
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Pillar of the Community
Canada
5417 Posts |
Each of these coins contained one ounce of pure silver. Silver price is currently at $17.66/oz. Multiply this price by 10 and add a small premium, you're looking at a total value of $200-$220 depending on your buyer.
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New Member
 United States
7 Posts |
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Pillar of the Community
United States
1158 Posts |
They have a bit more of collectible value than is indicated above. These typically go for $50-70 on ebay. I'd value them at at least $50 each. |
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Valued Member
United States
158 Posts |
Well that's the difference between real value and ebay value. Some things get inflated so much on ebay. |
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Pillar of the Community
United States
1158 Posts |
How better to determine price than to see what they sell for?
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New Member
United States
7 Posts |
So basically a guy could sell these and buy 25 generic rounds. The silver content would double, but then the value would stay basically the same. Unless the price of the roosters don't change because the value is in the collectability and not the silver?
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Pillar of the Community
Canada
814 Posts |
Yes, these are the Lunar Series Premium Bullion that Perth Mint releases every year. There is a million max mintage (compared to ASE's where the mintage is unlimited and this year alone is 40 million.) The second these bullion coins are released each year their premium is way above all other bullion because of the collectability of them. For example the 2015 Goat was just released. While the other Australian 2015 bullion coins sell for around $22 each these came right out of the gate for $30 each.....and they will sell. people love these and will buy them up. It seems like every previous year are worth more and more because people want to get the whole set....... Im sure you could get $450 for them easy. They may be worth more in the future once more of the series is released, compared to generic bullion which will just go up in price because silver goes up in price....... I would prefer to have these compared to Generic bullion IMO So you |
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Valued Member
United States
309 Posts |
Do not sell these for spot. These are highly desirable. They appear to be in the original mint capsules which are notorious for cracking, splitting, chipping, etc. However, despite this, try to keep them in the original capsules. If you store them in airtites, keep the capsules as you will get a higher price for the coins in original capsules should you go to sell. For some reason, original mint capsules for this series hardly ever show up on ebay.) There are 12 coins in the the Lunar Series 1 set: 1999 Rabbit, 2000 Dragon, 2001 Snake, 2002 Horse, 2003 Goat, 2004 Monkey, 2005 Rooster, 2006 Dog, 2007 Pig, 2008 Mouse, 2009 Ox, 2010 Tiger. Your coins are one of the better (higher-priced) issues of the series, both retail or ebay resale. By the way, nice gift. |
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Valued Member
United States
309 Posts |
Occasionally, I find these being sold for a small premium over spot price of silver. I grab them without a second thought. I prefer to stack silver in this way by trying to accumulate pieces that have a built in premium (not really numismatic in the true sense of the word!)as it provides a bit of "protection" in a volatile metals market. I have also been able to sell/trade duplicate pieces for ones I've needed to complete the set. Still need the elusive 2009 Ox!
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Pillar of the Community
United States
4333 Posts |
I agree that ebay sets the standard on values of all commodities, and why not, exposure to millions of potential buyers! When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1454 Posts |
There was a time not too long ago where these couldn't be bought for any less than $75-100 each. Unless you absolutely must part with them now, you'd be better positioned to sell for a much larger profit in the future. Although these will never depreciate to below $40, IMO, the lunar series- much like the majority of collectable silver bullion- is still impacted by the current fall in spot silver.
For instance, I bought my Rooster in 2009 when spot prices were hovering around $9-11. The coin cost me $26. But before I could collect them all, the prices shot up as high as $100 each for most of the Series 1 Lunars by the end of 2011, just two short years later.
Point being, sell now and you're selling at a moment in time when spot silver is close to a 52-week low. Hold on to the coins and I can almost guarantee that your Roosters will increase, if not due to a hike in spot silver, it would be because of supply and demand alone. Every year, your coins become a little scarcer and more desired than the year before.
Time is on your side, yes it is.
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Valued Member
United States
309 Posts |
 This is a good strategy. |
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New Member
United States
7 Posts |
Thank you guys...I appreciate your honest feedback.
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Pillar of the Community
United States
3789 Posts |
the real price is what they are going for on ebay, not someones opinion. People will moan and complain and give their opinion of why these are not worth X... ignore them and go straight to ebay, watch auctions and look up recent sold auctions, that is the real price. |
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Valued Member
United States
158 Posts |
I was just saying real value because sometimes I find these lunar coins at my LCS for $25-35 a piece. I would never pay the inflated values $60-70++ what people are paying for them on ebay. |
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Replies: 18 / Views: 3,876 |
Posted 09/27/2014 9:37 pm
