Tuesday, July 17, 2012

2013 Lunar Snake Launch: September 3rd Release

The 2013 Year of the Snake Lunar coins from Perth Mint in Western Australia are set to be released on Monday, 3rd September 2012. 
You can see my previous coverage of the coin release in this post:

Perth Mint 2013 Year of the Snake Lunar Coins

Although the official designs have not yet been released, we can get some design cues from the ComLaw submissions as previously posted about earlier this year:

The design for the 2013 Australian Lunar Year of the Snake (10kg, 1kg, 10oz, 5oz, 2oz, 1oz and 1/2oz) silver bullion coins consists of a representation of a snake entwined on a branch, surrounded by a pattern of lines.

The design for the 2013 Australian Lunar Year of the Snake (10kg, 1kg, 10oz, 2oz, 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz) gold bullion coins consists of a representation of a snake resting on grass with bamboo at its side, surrounded by a pattern of lines.

Some might remember that the design for the Perth Mint 2012 Lunar Dragon was in fact leaked a couple of months before the release date and official unveiling, so keep your eyes peeled. 

Although the description for the 2013 Silver Lunar Snake reads like it could be a repeat of the 2001 Gold Lunar Snake (snake entwined on a branch, see picture below), I have it on good authority that they've gone with a completely new design for the silver coin this year.

Photo courtesy TomD (Link). 2001 Gold Lunar Snake
The Perth Mint has already started talking about the coming release, with this recent post on their blog:
Indicative interest is pointing to extremely high demand for 1oz releases from the 2013 Australian Lunar bullion coin program.
The next release, which will become available in early September, features designs celebrating the Year of the Snake - often referred to in China as the ‘Little Dragon’!
Our sales predictions are based on expressions of interest received from our international wholesale partners. They’re running at levels comparable to the record-breaking Dragon series this time last year.
As you know, the full Dragon mintages of 30,000 1oz gold and 300,000 1oz silver coins sold out at the Mint in record time, and these mintage restrictions remain unchanged for 2013. Perth Mint Blog
Typical that they are already trying to tie this release in with that of the Dragon, which has easily been their most popular (and hyped) Lunar release so far!

It's going to be very interesting to see just how well the 2013 Lunar Snake sells given the level of interest and immediate sell out we saw with the Silver Lunar bullion coin last year.

I will be heading to Perth for the release of the Perth Mint 2013 Lunar Snake Coins (good opportunity to visit the Perth Mint for the first time), so you can be sure there will be some timely coverage of the release on Silver Lunar and also likely on Twitter (you can follow me here: @BullionBaron)


** Apologies to regular readers for the lack of posts on Silver Lunar of late, but time available for blogging has been lacking recently and any time I've had available has been spent posting at my primary site: Bullion Baron.


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Cheers

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