Perth Mint Lunar II Over Price - Coin Community Forum

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Author	Replies: 5 / Views: 1,258
kwxj61b New Member United States 23 Posts	Posted 11/01/2007 10:55 am Perth Mint has just came out with the new series of the lunar. I find their price is way over price. $65 USD for 1 oz silver proof. 1oz of gold proof cost $1,561.90! That's crazy price! The only way I can think of why they increase the price so high, is that Perth Mint is the only mint in Australia, that is designing good coin. Anyone has opinion about this? Report this Post to the Staff

snowman Pillar of the Community United States 1840 Posts	Posted 11/01/2007 2:46 pm Do you mean this coin? http://www.perthmint.com.au/catalog...er-coin.aspx Report this Post to the Staff
PMallette Valued Member United States 64 Posts	Posted 11/01/2007 4:54 pm I believe he means this one: http://www.perthmint.com.au/catalog...n-issue.aspx This is the first coin of the Perth Mint's Australian Lunar Silver Coin Series II. New packaging and new pricing. Report this Post to the Staff
snowman Pillar of the Community United States 1840 Posts	Posted 11/01/2007 7:34 pm Only 5,000 made. I think the price is reasonable. You're really paying for the rarity of the coin, not the intrinsic value of the metal. Report this Post to the Staff
onejinx Pillar of the Community United States 1231 Posts	Posted 11/01/2007 7:53 pm I like the 3-coin set and only 1,000 made Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 11/01/2007 8:01 pm If you are talking about USD, you gotta take account for the weakened USD against the AUD which is one factor. But then if you are buying from overseas, you don't have to pay 10% tax or rather they go towards shipping. Perth isn't the only mint in Australia, there is another mint in Canberra called the Royal Australian Mint. It's probably https://www.ramint.gov.au or something but you can check it here: http://www.gxseries.com/worldmoneylist.htm The difference is, Perth Mint produces most of the bullion coins whereas RAM produces most of the circulation coins. There are more mines in Western Australia, that is where Perth is located at. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
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