2014 Perth Mint Lunar Horse Coins and Royal Australian Mint Tetra-decagon Lunar Coin

Gold and Silver Perth Mint Lunar Year of the Horse Series Coins (LHS, Centre). Royal Australian Mint Tetra-decagon Lunar Coin (RHS).

2012 Silver Lunar Dragon Designs From Around The World.

New Zealand Mint Proof Silver Lunar Dragon Gilded Coin (Left). Perth Mint Silver Lunar Dragon Coin (Middle). Royal Canadian Mint Lotus Silver Dragon Proof (Right).

Series 1 Lunar Coins

Series 1 Chinese Gold Lunar Coins (left). Series 1 Perth Mint Silver Lunar Coins (Right).

Chinese Silver Lunar Rabbits 2011

A selection of Chinese Silver Lunar Rabbits, Round, Coloured and Plum Blossom.

Monday, April 30, 2012

5oz Proof Silver Dragon: June & High Relief Kook: May

A couple of months ago I pointed out that a 5oz Silver Lunar Dragon Proof coin would be on the way this year (see this earlier post):
SILVER YEAR OF THE DRAGON - PROOF
The design for the 2012 Australian Lunar Year of the Dragon (5oz) Silver Proof Coin features a stylised representation of a dragon. The coin includes the inscriptions ‘Year of the Dragon’ along with the Pinyin pictograph pronounced ‘lóng’ and meaning ‘dragon’.
Details are starting to filter in and we can expect a 5th of June release for this coin:

The Year of the Dragon 5oz Silver Proof Coin can now be purchased from the Perth Mint, Click Here.

Australian Lunar Series II 2012 Year of the Dragon 5oz Silver Proof Coin
Mintage of 5000 Coins
Retail price $495

I think it's safe to assume that the design and finish won't vary from the standard 1oz Proof Silver Lunar Dragon which can be seen below:

Perth Mint 1oz Silver Lunar Proof Dragon Coin
I will be honest, I think like the 10 Coin Lunar Dragon Set the 5oz Silver Proof Coin is simply priced too high to expect gains that will exceed the bullion versions of the coin (such as the 1/2oz, 2oz and 5oz which are currently available at Bullion Money) in the case that physical Silver was to double. If Silver heads to $60oz the 5oz bullion Dragon will be priced at roughly $370, but I can't see the 5oz Proof Coin easily doubling to $1000 in this situation. As I pointed out in this recent blog post, the numismatics in general have not outperformed the bullion coins and I don't expect this 5oz Proof Coin will prove different.

I also previously mentioned that the Perth Mint would be releasing a 2012 High Relief Kookaburra Coin and we can expect that tomorrow along with a bunch of others...

2012 Perth Mint Gold Proof Australian Sovereign
Australia Koala 2012 5oz Silver Proof Coin
Australia Koala 2012 1oz Gilded Edition
Australia Kookaburra 2012 1oz Silver Proof High Relief Coin
Marilyn Monroe™ 2012 1oz Silver Proof Coin
Ships That Changed The World - Cutty Sark 2012 1oz Silver Proof Coin
Dragons of Legend – Chinese Dragon 2012 1oz Silver Proof Coin
Young Collectors – 2012 Animal Athletes Monarch Butterfly $1 Coin

The above coins will be released on the Perth Mint website at 12.01am (AWST) on May 1st. I won't be purchasing any myself on release, however as a fan of the High Relief coins I will be hoping to pickup one of the High Relief Kookaburras at under issue price at a later date (fingers crossed).

Here are some pictures of the High Relief Kookaburra (which will have a mintage of 10,000 coins):

Perth Mint 1oz Silver High Relief Proof Kookaburra 2012


Perth Mint 1oz Silver High Relief Proof Kookaburra 2012 Box

Tomorrow morning once released the above pictures will link to the product page for the coin (Edit: Link now available to Perth Mint High Relief Kookaburra), in the meantime they link to the Perth Mint Recent Releases page which is the one you will want to be watching once they are available on the Perth Mint website.




Cheers

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Friday, April 20, 2012

2012 1oz Silver Lunar Dragon Purple ANDA Edition

I noticed via Twitter this evening (you can Follow Me on Twitter) that the Perth Mint put up a post on their Coin Collector Blog about a soon to be released Brisbane show coin, the "Australian Lunar Series II – 2012 Year Of The Dragon 1oz Silver Coloured (Purple) Edition"

Perth Mint 2012 1oz Silver Lunar Dragon Purple Edition Brisbane ANDA Show Coin
Here are some coin specifications:
  • Specimen quality 99.9% pure silver coloured coin
  • Australian legal tender
  • Extremely limited edition – 5,000
  • Brisbane ANDA Coin Show packaging
  • Numbered Certificate of Authenticity
SPECIAL PRICE FOR THOSE ATTENDING THE BRISBANE ANDA SHOW OF $90.00

Venue: Brisbane Table Tennis Centre, 86 Green Terrace Downey Park, Windsor. Dates: 26th and 27th May 2012.

Perth Mint 2012 1oz Silver Lunar Dragon Purple Edition Brisbane ANDA Show Coin and Box
 
It appears to be the same purple coloured coin that is in the Chinese 9 Coin Silver Lunar Dragon Set and Australian 10 Coin Silver Lunar Dragon Set.

Prior to this release it is my understanding that Perth Mint have only ever released a special Lunar series ANDA coin for the Perth Show and not other cities (see my earlier post here for information on previous Perth ANDA Show releases). Should we expect even more colours as the ANDA show is held in Melbourne (July) and Sydney (August)? I have posed the question to Perth Mint, but sources suggest that a 1oz coin in different colours will be produced for these shows also (resulting in 4 ANDA Coins being released this year, a 2oz coin for Perth and 1oz coins for Brisbane, Melbourne and Sydney).

You can read about the previously released Perth ANDA Show Dragon in this post. After irate customers hounded them at the Perth ANDA Show the Perth Mint they felt obliged to sell them all on the weekend rather than allocating a small portion for online sales as they had earlier advised would occur.

I feel that Perth Mint is probably trying to reach out to collectors with this offering in an attempt to mend relations after many missed out on the Perth ANDA Show edition, however I could see this release potentially doing the opposite as the Perth Mint even further dilutes the rarity of the dragons with yet another 5,000 dragon coins in the wild (I'd imagine the mintage has been increased to ensure there will be some available for online sales at the Perth Mint Online Store). 

Is the Perth Mint doing the right thing by adding another Dragon to the lineup for those who missed out on the Perth coin or is the market saturated with too many Dragons already? Post your thoughts in the comments section below!


[CLICK HERE] To subscribe to blog updates via email (free).

Cheers

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Monday, April 2, 2012

Perth Mint Year of the Dragon Ten-Coin Set Released

Perth Mint 2012 Year of the Dragon Ten-Coin Set
Just a short post to mention that the Perth Mint 2012 Year of the Dragon Ten Coin Set will be released in the early hours of tomorrow morning (Update: It is now live on THIS PAGE), FROM 12.01AM 3 APRIL 2012 AWST. 

The set is pictured above and I have previously written about the set:


As previously discussed the mintage is only 2,500 sets and the retail price will be AUD $990.

The Perth Mint online website currently has free shipping worldwide for orders over $300, so this set will qualify without any further purchases.


Honson (who writes a Chinese coin and investment blog) posted a comment on my last article about the 10 Coin Set pointing to Kitco's HK site which already has the set listed for only US$920 (roughly AUD $885), so may be worth ordering there if you can get your hands on it. 

Otherwise keep your eyes peeled on the Perth Mint Latest Releases page <<CLICK HERE>> to grab it once available. Update: The set is now available right now from <<THIS PAGE>>

Other coins being releases at the Perth Mint at the same time include:

Australian Koala 2012 1kg Silver Proof Coin
Australian Koala 2012 1/10oz Silver Coin
Famous Battles in Australian History – Long Tan 2012 1oz Silver Proof Coin
2012 Mini Roo 0.5g Gold Coin
2012 Australian Olympic Team Series $1 Five-Coin Set
Wildlife in Need – Black Rhinoceros 2012 1oz Silver Proof Coin


Cheers

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Perth Mint 10 KILO Gold & Silver Lunar Dragon Coins

The Perth Mint has just released a short video showing the 10 Kilo Gold and Silver Lunar Dragon Coins in production. Beautiful coins if you've got that sort of money to throw around (I don't!).

Here are some screenshots from the video, the first showing the 10 Kilo Gold Lunar Dragon Coin before finishing and then after:

10 Kilo Gold Coin (Perth Mint Gold Lunar Dragon)
And then this image of the 10 Kilo Silver Lunar Dragon Coin (finished):

10 Kilo Silver Coin (Perth Mint Silver Lunar Dragon)

You can watch the video where they press the coin here:



And here is another video from last year showing the 10 Kilo Silver Lunar Rabbit:




Cheers

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Sale Post: 2000 Silver Lunar Dragon Five Coin Set

As per my post earlier today I am inviting Lunar coin collectors to send in details and photos of your sale items if you are interested in having them posted on this blog (only rare sets and coins will be posted). 

The set below is no longer available for sale.

The Five Coin Set was introduced in 1999 with the first Silver Lunar coins produced by the Perth Mint, however was discontinued part way through the first series. Here is a list of the releases and their max mintage/actual sales:

YearDenominationDescriptionMintageSales
1999$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Rabbit500129
2000$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Dragon500266
2001$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Snake500289
2002$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Horse50068
2003$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Goat50048
2004$30, $10, $2, $1, 50c(1kg, 10oz, 2oz, 1oz, 1/2oz) Five-coin set - Monkey50084
As can be seen above the Dragon had the second highest number of sales (of the Five Coin Sets), however the popularity of the design has seen the Dragon coins command the largest premium and they are usually the most sought after.


As per the table above the Five Coin Sets contain 1/2oz, 1oz, 2oz, 10oz and 1 Kilo Silver Proof coins all sporting the same stunning design.

While the rest of the coins in  this set were either sold separately or as a part of other sets (for example the Three Coin Set) the 10oz Proof Silver coin was not. So the 10oz Proof Silver coin in these sets is extremely rare and can only be sourced by purchasing one of these sets or finding one which has been split from the set.

I personally have the Five Coin Set for the 2002 Horse design and it's a stunning set in the flesh (photos don't do it justice), but here are some pictures that the seller has provided (click any of the below images to enlarge):



Cheers

Are you looking to sell a unique Lunar set or coin?

Perth Mint Series 1 Silver Lunar Coin Collection
To provide more photo content for readers of Silver Lunar I have decided to allow (free) advertising (via blog posts) for private collectors who have a unique Lunar coin, set or collection that you would like to sell.

By unique I mean the mintage should be low and it should be a difficult to find item or set. Some examples of what I would post:

- Perth Mint Series 1, Silver Proof 3 or 5 Coin Sets
- Perth Mint Series 1, Full Lunar Collection (e.g. 1oz/2oz)
- Perth Mint Series 1, Full Gilded Lunar Collection
- A full set of any Chinese Lunar coins
- Other global Lunar coin sets or rarely seen coins

What I won't post:

- Perth Mint Series 1/2, singular or bulk bullion coins
- Perth Mint Series 2, recent numismatics releases even if sold out

The above are just examples, basically I am interested in posting sales listings and photos of rare and collectible Lunar coins, so if you are selling or even if you just have a rare collection at home and would like to see your pictures posted on Silver Lunar then drop me a message via the Contact Page.


What you will need to provide in exchange for the post:

- Detailed/crisp photos of your sale item
- Contact details I can pass onto interested buyers
- Price and description where relevant

The first post of this kind will go up later today.


Cheers

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Sunday, April 1, 2012

Silver Numismatic Lunars vs Silver Bullion Lunars

As I mentioned in a post several days ago:
I do think there will definitely be modern numismatic coins which perform poorly into the future, including some of the Dragon coins. One thing to keep in mind is that the price of the individual coins or sets could stay above their release price but still be considered to perform poorly if spot price increases significantly. For example if Silver rises to $60 per ounce and this 10 Coin Set is only selling for $1100 (still a 10% increase on issue price) then you would have been much better off putting your cash into low premium Silver instead of this set. Bullion Baron
I recently came across a couple of old monthly newsletters from around 8 years ago which advertised the price of Perth Mint numismatic Lunars on release.

Here is a page from October 2004 issue when the Lunar Rooster (2005 Design) had just been released:

CLICK IMAGE TO ENLARGE
And here is another from December 2003 when the Lunar Monkey (2004 Design) was released:

CLICK IMAGE TO ENLARGE
So how have these numismatic Lunar coins performed relative to the price of Silver (spot price) and bullion Lunar coins?

October 2004 AUD Silver Price: $9.75
December 2003 AUD Silver Price: $7.66

Spot price today is is AUD $31.20, so the spot price has increased 3.2x from October 2004 and 4x since December 2003.

The monkey and rooster bullion coins would have sold for roughly $7 higher than spot price per 1 ounce coin (according to a member on Silver Stackers) when Silver was that low in price, so prices would have been roughly $16.75 in October 2004 and $14.66 in December 2003.

Today the price of a 1 ounce Lunar Monkey or Rooster is roughly $75 (more on eBay), so the bullion 1 ounce Silver Monkey has increased by 5x since release and the bullion 1 ounce Silver Rooster has increased by around 4.5x. This performance is well above that of the spot Silver price or low premium bullion products such as Silver bars or high mintage coins such as the American Silver Eagle or Canadian Maple.

How have the modern numismatic Lunar coins performed since their release?

They don't come up all that often, but here are a few examples from the above newsletters:

2005 Rooster 3 Coin Set (October 2004 $257)
Recently went unsold on eBay (Germany) for US$985 (AUD$950)
Being unsold it makes it difficult to guesstimate market value, but we can definitely say that it hasn't increased as much as the bullion Lunars (as the unsold price is lower multiple than their increase).

2005 Rooster 1oz Proof Coin (October 2004 $71)
Recent sale of $167.50 on eBay (AUS)
Increased around 2.35x (less than spot and well less than bullion Lunars)

2005 Rooster 1/2oz Proof Coin ($52)
Recent sale of US$145 on eBay (Germany) (AUD$140)
Around a 2.7x increase.

2004 Monkey 5oz Coloured/Gilded Coin (December 2003 $399)
Although I couldn't find the monkey, a Rooster of the same type recently sold on eBay for US$317 (AUD$305), so has infact sold for a loss even after 8 years.

Assorted 1oz Gilded Silver Coins (December 2003 $49.50 each)
These regularly sell in the vicinity of $100-$150 (so have increased by a factor of only 2-3x), the only exception being the Gilded Dragon which I've seen selling for around $200-300 which is a pretty similar multiple to the Silver bullion Lunars.

------------------------

The results, while varied, show that the bullion Silver Lunars have performed much better than the spot increase and much better than the numismatic Lunar coins. In most cases low premium Silver would have outperformed the numismatic Lunar coins as well.

There will always be exceptions, but you should be giving thought to where the Silver price might head over the next few years. If it heads to triple digits ($100+ as per my expectations) then there's a good chance that low premium Silver or bullion Silver Lunars will far outperform many of the numismatic releases hitting the market today.

Food for thought before you shell out the cash for that next Perth Mint numismatic Dragon releases yet to come (such as the soon to be released Perth Mint 2012 Year of the Dragon Ten-Coin Set and forthcoming Perth Mint 5oz Proof Dragon Coin). They are very nice looking coins as are most of the Perth Mint Lunar releases, but they aren't necessarily going to perform as well as the bullion coins over time.


Cheers

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