Perth Mint Price Increases - Coin Community Forum

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Author	Replies: 3 / Views: 5,010
Bigfella Pillar of the Community Australia 853 Posts	Posted 01/12/2006 07:22 am Metal prices have gone up considerably over the last few weeks so here is an announcement by the Perth Mint. Dear Perth Mint Distributor Due to the large increase in gold and silver spot prices over the last six weeks, we have reviewed the Recommended Retail Price on the following items. Please note the wholesale prices have not changed on any products listed below. Lunar Series Australian Lunar Series silver 1oz gilded coins in gold case $57 Australian Lunar Series silver 1oz gilded coins in capsule $52 2006 Year of the Dog 1oz silver coloured edition $55 Australian Lunar series gold proof dog 3 coin set $1995 Australian Lunar series 1/4oz gold proof dog $433 Australian Lunar series 1/10oz gold proof dog $169.50 Commemoratives Australia Antarctic series 1oz silver Leopard seal coin $72.50 Australia on Map 1oz silver coin $72.50 Cocos Islands 50th anniversary 1oz silver coin $72.50 Centenary of the PGA 1oz silver coin $72.50 Prince Henry 21st birthday 1oz silver coin $72.50 Pope commemorative coin $72.50 Fifa gold 1/4oz $433 Fifa gold 1/25oz $91 End of WW2 dancing man gold and silver set $1555 Commemorative Sydney sovereign replica in book $420 Discover Australia 1oz Silver $72.50 1/25oz Gold $91 1/10oz Gold $169.50 1/2oz Gold $739 No change to platinum Nuggets 2005 Prospector coin and nugget set $2030 2005 Australian Prospector Collection $2380 2005 1oz golden reward proof nugget $1489 10 coin Nugget companion series $8690 Mini outback set $283 Due to the volatile nature of the precious metal market at present, further price increases may occur in the near future. We will keep you informed of any pricing updates. Kind Regards Rana Report this Post to the Staff

KLD Pillar of the Community Australia 1079 Posts	Posted 01/12/2006 11:56 am So dealers and the Perth Mint will benefit, and the collectors will pay. The email sounds like a contridiction to me. If the cost to make a coin has increased enough to merit a price increase in the end product how can they keep the wholesale price the same? Doesn't make sense. I am glad I am not a Perth Mint Collector...........Yet. Report this Post to the Staff
Bigfella Pillar of the Community Australia 853 Posts	Posted 01/12/2006 7:30 pm What the Perth Mint is saying is not exactly true. The wholesale pricing of the Perth Mint has 2 components. The first component is the "premium" which this the price the Perth Mint charge above the metal price. This component is not changing. The 2nd component is the price of the metal. This changes every time you order wholesale from the Perth Mint. This is the component that has caused the increase in the coin retail price as dealers have loose a fair % due to recent increases in metal prices if the retail price did not increase. Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 01/12/2006 8:38 pm I have mixed feelings when it comes to such a wide variety of prices throughout the world. Seems to me the gold and silver market on any given day is the same world wide but prices vary by a HUGE degree! A coin with an ounce of silver in one nation may be $10 and another $30 and yet another over $50. I know each Mint has costs, labor and projected profits on each product but the differences seem staggering? The nations with the extremely high prices are usually the ones with the lowest mintages and that protects the collector on the secondary market and makes those coins very desirable thus demand remains strong. The U.S. is quite the opposite of most nations as they want to produce maximum numbers of everything in their efforts to virtually destroy any hope of a strong secondary market. To put it bluntly, if there is any money to be made on coins, our government wants to be the only one to make it!!! This difference makes foreign coin collecting, regardless of mint issue costs, very appealing as world wide issues are for the most part very limited and this creates nothing but hope for an increase in value down the road! Took a few years to catch on to the big picture but I do like what I see out of many nations that actually put a limit on what goes out the door as it, in the end, is good for the mint (sell outs) and the collectors investment is basically secure! Report this Post to the Staff
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