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 Replies: 26 / Views: 3,314 |
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Valued Member
67 Posts |
If you really wanted to lower your start up costs, while maintaining the purity of your rounds. You could outsource the design and production of the dies, and purchasing of the various industrial equipment you would need, but maintain the coining procedure in the UK or where ever you trust.
If you want to find someone in China to make dies or the equipment. Please PM me.
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Pillar of the Community
United States
1424 Posts |
I can't find the thread right now but there is a guy on Treasurenet that is a jeweler and he makes and sells his own gold "coins" he goes by the handle "Jewelerdave" This is a thread by him about some silver coins: http://forum.treasurenet.com/index....01280.0.htmlYou will need to join the forum to be able to contact him. Good luck!! |
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New Member
 United Kingdom
7 Posts |
Good looking out 'bmanofnbc' I will join and contact him now. Been struggling trying to find someone to make the coins for me. ive emailed 5 companies from made-in-china.com and got the same reply from all of them. Examples:'Thank you for your inquiry but sorry we can't export gold coins.
Sorry for the inconvenience.
Best regards,
Sherry'
'Thanks for your enquiry to us. We do have copper, iron, stainless steel. But, we do not have gold coin manufacturing machine. Thanks for your interested in our coin products. If you prefer to choose copper material, please contact us. Thanks!
Thanks & best regards,
Ella Kwong'I even contacted http://www.montereycompany.com/coins/coins.html which looked very promising but I got rejected from them too. Hello thank you for your inquiry with us. We do not make solid karat coins. we don't have a supplier that makes real gold coins, only pins.
So sorry.
Good luck to you!! |
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Valued Member
67 Posts |
Gold coin production is a problem in China! Unfortunately, the very legitimate manufacturers you found there failed to tell you why. Gold in China is heavily taxed. In fact, gold prices in China are higher than the "world spot" price. Import duties in China are extremely high, which is why there is so much smuggling in China.
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Bedrock of the Community
United States
12437 Posts |
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Pillar of the Community
United States
1882 Posts |
Nothing wrong with thinking big, but I just don't see it. There already is a mint in the US that produces coins from 1/10 oz and up, and the smaller coins wholesale for 15% over spot, or less. The large coins have a smaller premium than that.
And that mint wouldn't even be your only competition.
To compete, you have to somehow manage to BEAT those price points...because you'd be selling your product to a public that has no way knowing if your coins are the real deal.
Edited by steve199
12/02/2008 9:42 pm
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New Member
United Kingdom
7 Posts |
thanks roots and steve for the advice. Gonna still give it a shot see what happens  . If I fail then ill be the one with the black eye  lol thanks biokemist6 for the link very good find. will be contacting them today |
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Rest in Peace
United States
9104 Posts |
You'd be wasting your time. Privately minted rounds are going to sell for the same spot you could sell your gold for as it is. 14 kilos is 4½ contracts. If you wanted it in coin form, swap it. Look how U mint made half and ounce medals sell for scrap price.
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Valued Member
United States
405 Posts |
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Pillar of the Community
United States
619 Posts |
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Pillar of the Community
United States
3098 Posts |
What hallmark is on your gold bars? I would just keep them or *try* and exchange them at weight for 1 oz or fractional coins. And to roots: in China, gold is mined by the Paramilitary, or WuJing. These are the people you don't mess around with. In the government food chain, they are higher than the military. http://en.wikipedia.org/wiki/People...Armed_PoliceAs for buying and selling gold in China, jewelry are OK (in 2002 they were 88RMB/$11 per gram!) but as for bars and coins, all of that is heavily regulated and you'll have to carry certificates of ownership. |
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Replies: 26 / Views: 3,314 |
First Page
Posted 12/01/2008 10:01 pm
