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Perth Mint Not Selling Fixed Priced Silver 1oz Cards Anymore

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Author Previous TopicReplies: 9 / Views: 1,729Next Topic  
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 03/09/2011  03:28 am Show Profile   Bookmark this topic Add Ozzie to your friends list Get a Link to this Message Number of Subscribers
Hi

I was speaking to Perth Mint today and they said they are not selling any of the 1 oz Koalas, Kooks silver $1 coin cards. They said its because they sell spot bullion 1 oz at about $46AUD so they cant sell the cards below spot.

Regards,
Ozzie
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 03/09/2011  09:15 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
they said they will have to price them above spot. What price will that be?
Valued Member
vinnycoin's Avatar
Canada
442 Posts
 Posted 03/09/2011  09:56 am  Show Profile   Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
Do you have a link of what you're referring to? so they were selling 1 oz coins for below spot?
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 03/09/2011  10:16 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
I dont think they were selling below spot.........
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 03/11/2011  07:17 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
They are selling them again with a new price

2011 Australian Koala 1oz Silver Coin 1107DAAA AUS $ 45.50
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 03/12/2011  06:16 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
Correction...They have put the price up by $2 in one day...

2011 Australian Koala 1oz Silver Coin 1107DAAA AUS $ 47.50
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 04/02/2011  09:31 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I suspect that the Perth Mint is not buying silver at present because the spot price is in a spike right now. There is a growing danger that they could be caught with bullion paid for at too higher a price. Better to sell the holdings they now have. If their reserves are low, they would not have much to sell.

In this circumstance, if they read that sales are going to be slower, it is best to spend more on presentation and market smaller amounts at a higher price.
Valued Member
vinnycoin's Avatar
Canada
442 Posts
 Posted 04/02/2011  09:57 am  Show Profile   Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
Why don't they just sell these items like they do with bullion and adjust the price as needed?
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/03/2011  11:21 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I don't know, but I love Perth Mint, man these produce some nice high quality silver....

Many of their nice collector sets are so high above spot, just not realistic for me to target them....


Edited by Silverhawk74
04/03/2011 11:21 pm
  Previous TopicReplies: 9 / Views: 1,729Next Topic  

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