Monday, July 8, 2013

Performance Of Low Mintage Carded (Blister Pack) Coins - Kangaroo, Koala & Australian Stock Horse

A handful of coins in carded packaging (sometimes referred to as blister packs) have performed well over the last few years.

The Royal Australian Mint has been releasing coins in this style packaging for their Kangaroo series coins for two decades. The mintage for the carded Kangaroos are below:

Kangaroo Carded Uncirculated 1 Ounce Silver 2013 ... 20,000
Kangaroo Carded Uncirculated 1 Ounce Silver 2012 ... 20,000
Kangaroo Carded Uncirculated 1 Ounce Silver 2011 ... 20,000
Kangaroo Carded Uncirculated 1 Ounce Silver 2010 ... 20,000
Kangaroo Carded Uncirculated 1 Ounce Silver 2009 ... 20,000
Kangaroo Carded Uncirculated 1 Ounce Silver 2008 ... 6,802
Kangaroo Carded Uncirculated 1 Ounce Silver 2007 ... 8,598
Kangaroo Carded Uncirculated 1 Ounce Silver 2006 ... 25,535
Kangaroo Carded Uncirculated 1 Ounce Silver 2005 ... 26,146
Kangaroo Carded Uncirculated 1 Ounce Silver 2004 ... 55,057
Kangaroo Carded Uncirculated 1 Ounce Silver 2003 ... 35,230
Kangaroo Carded Uncirculated 1 Ounce Silver 2002 ... 32,376
Kangaroo Carded Uncirculated 1 Ounce Silver 2001 ... 45,562
Kangaroo Carded Uncirculated 1 Ounce Silver 2000 ... 42,638
Kangaroo Carded Uncirculated 1 Ounce Silver 1999 ... 49,398
Kangaroo Carded Uncirculated 1 Ounce Silver 1998 ... 49,398
Kangaroo Carded Uncirculated 1 Ounce Silver 1997 ... 72,850
Kangaroo Carded Uncirculated 1 Ounce Silver 1996 ... 49,398
Kangaroo Carded Uncirculated 1 Ounce Silver 1995 ... 72,850 (+ Coin Fair 2,500)
Kangaroo Carded Uncirculated 1 Ounce Silver 1994 ... 44,996 (+ Coin Fair 2,500)
Kangaroo Carded Uncirculated 1 Ounce 1993 Silver ... 72,853 (+ Coin Fair 5,000)

Most of the above coins have sold in the A$40-50 range over the past few years, with the exception being the two with the lowest mintage. While the mintage on the 2007 coin is higher than in 2008, the Royal Australian Mint didn't release official packaging that year so the number of privately issued cards would be lower than the total:
The 2007 Silver Carded Kangaroo as in the photo was the only year that the mint did not release an official version. Private companies, mainly Downies Coins, ordered a quantity from the mint and used their own packaging. The Downies card has become the “official” version but I have seen the coin on other privately issued cards as well, possible from a US dealer. Silver Spirit Coins
The 2007 coins have performed exceptionally well with a recent sale on ebay achieving US$350 and previously having achieved a peak of almost $500.

The 2008 coin was released with an official presentation card and usually sells for around A$120-140 on ebay, well over double the price of those in the series with a higher mintage. 

The Koala coins from Perth Mint have only been sold with official carded packaging for a few years, the mintages are below:

Koala Carded Uncirculated 1 Ounce Silver 2007 ... 3,060
Koala Carded Uncirculated 1 Ounce Silver 2008 ... 4,601
Koala Carded Uncirculated 1 Ounce Silver 2009 ... 6,292
Koala Carded Uncirculated 1 Ounce Silver 2010 ... 2,752
Koala Carded Uncirculated 1 Ounce Silver 2011 ... 11,865
Koala Carded Uncirculated 1 Ounce Silver 2012 ... 2,315

The price achieved is somewhat dependant on where it's sold, they often achieve the best prices on ebay.de (Germany). For example here is a 2007 Carded Koala which sold for 137 Euros (A$195) and a 2008 Carded Koala which sold for 91 Euros (A$130). The 2012 Carded Koala (lowest mintage so far) recently achieved a sale of 67 Euros (A$95), but has sold for as much as 86 Euros (A$120) in the past. The most recent sale of the 2010 Carded Koala was at 55 Euros (A$80), much the same as the 2009 Carded Koala. Understandably the 2011 Koala with a higher mintage has achieved a lower sale price, recently at 45 Euros ($65).

This brings us to the recently released Australian Stock Horse Coin. This was a commissioned coin by a European dealer, but the Perth Mint released a small number of the coins in special carded packaging (1,000 out of the 10,000 coin mintage). 

The Australian Stock Horse Coin in carded packaging has already achieved a sale price of A$130 on ebay (after being issued at A$59 per coin), but what of it's future value? Will it reach similar levels to the 2007 Carded Kangaroo or Koala? That will probably depend on the strength of the series over time as the next coins are released (the intent is for a new annual horse series, rumour has it the next is expected in May 2014) :
1) This series will feature a different horse design every year. The dealer wasn't too specific about whether it would be a different breed, etc. But I am assuming it will be.

2) The coin will be released annually.

3) The mintage will not be determined by Perth Mint. The mintage for these coins is in control by the dealer with all rights to the coin. The Perth Mint is simply minting them.

4) I'm not sure about the Panda, but the Koala and Kook are Perth Mint's own products. Unlike those, this product is a commission product and it is not to undergo the same fate. The dealer assured me they don't have any intention of raising the mintage as they find that will kill the coin series.
In my opinion the coin (specifically the limited issue carded version) does have a lot going for it...

  • It's the first of a new annual release so should see continued demand as coin collectors new to the series seek to collect the earlier coins.
  • The coin is well designed and has stirred a lot of interest on several coin forums.
  • A limited issue of 1,000 coins (in the carded packaging/blister pack) make it one of the rarest (if not THE rarest) 1oz Silver coins that form part of a series and are released in this style of packaging.
  • It was released only to Australian buyers meaning there should be some solid international demand for the coin in this packaging.

Australian Stock Horse 1oz Silver Coin, photo via Chris Silver
A reason that it might not do so well:

  • Perth Mint hasn't yet confirmed they will release the next coin in the same packaging (they don't have control over the series). If the next coin doesn't have the same limited issue presentation card then there is the potential this impacts demand.
Given the high level of interest in the new series it would be pretty silly for the dealer who has commissioned the coin and Perth Mint to change things now.

In my opinion the coin will continue selling around $100-130 over the next few months, but once horse mania grips the world with 2014 Lunar Horse coins to be released later this year and into next I could see this coin achieving prices closer to $200 (perhaps within the next 12-18 months, but this is only a guess on my part, DYOR and come to your own conclusions).


4 comments:

Greetings Bullion Baron,
There are also a few Kookaburra cards & Kookaburra/Kola cards that Perth released associated with various coin shows that have nice premiums too. Would you happen to have a list of them with actual mintages (not maximuns).
Thank you1

I don't have a list of the sales for these carded coins sorry, even compiling the above was from various sources.

I think u forget the fact that the other 10,000 uncarded horses also have a great potential only 10.000 compared to other bullion series u write again all in favore off the aussies because there is the majority of the carded horses
so in the hype they create a new carded hype come on baron be neutral any one who reads this buy a uncarded they are still cheap and have a number oh yeh the carded horses have no number saluti

I don't think it matters much that the carded packaging has no COA number (illustrated card only), neither do the low mintage Koala & Kangaroo coins that have performed well. I do agree though, I think the non carded coin will do ok and was better priced to begin with than most numismatic releases from Perth Mint.

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