Is the Perth Mint Over Saturating the Coin Market?
Golden greetings and silver salutations. I love stacking Kookaburras. In fact, this used to be my favorite coin to stack. I also like stacking Koalas. I know they come with a premium, but I have been fine with paying it in the past. They usually go up in value a bit, or at least retain that premium . That is unless you are trying to sell to your LCS, then good luck.
However, the Perth Mint is making me nervous. You may have seen in the past that I love baseball and sports cards. That was my first love and I thought the market would never die. Well the card manufacturers got greedy and set after set after set came out. Now I feel the Perth Mint is doing the same thing.
You may not have even have heard of all of these series, but for years there was only the Kooks and Koalas. Then the Kangaroos came out to provide a low premium option. Still cool. Well, the Wedge-Tailed Eagle came out, providing a lower mintage option. That is neat.
Then the Swans came along. For me, that is the start of the end. These had even lower mintages with super fast sellouts. They would be APMEX exclusives in the US and the price would rise by the day / hour / minute. They caused a lot of confusion and the price manipulation angered stackers. They have done this the last two years.
Enter the Emu in 2018. Another year another animal, right ?!? It came out as another APMEX exclusive and prices were immediately jacked up. Customers were upset.
Well they got that out of their system for this year. Wait, WTF is a "Bird of Paradise"? This thing just came out this week and prices are already going up.
So that is it for the week...wait...no?!? They would not reuse an animal, or would they? Meet the 2 oz Koala.
This thing looks demonic. Those eyes...they are staring right through me...make it stop!!!
Anyways, the premium is better, but the picture makes it look just plain ugly. Also, call me petty, but I dislike 2 oz coins. I do not want to buy special cases for coins. I buy Air-Tite 38 mm and 40 mm and I can fit most one oz coins here, but I do not have any 2 oz. cases.
Note, this is not even listing all the Perth animal coins in recent history. There was the Shark series, the Crocodile, and the Spider. If you don't know these, they are years old, available at many dealers, and yours for a low premium.
It is just too many...way too many. Perth Mint, please don't ruin the silver coin market by over saturating it!!!
Until next time, keep stacking and supporting #SteemSilverGold, #SteemUSA, and #TheAlliance!
TL:DR - Kookaburras, Koalas, Eagles, Swans, Emus, Kangaroos, Crocodiles, Sharks, Alligators...stop it Perth!
My friend, if you are complainig that Perth Mint is saturating the market, you should see what the Royal Canadian Mint does. Hundreds of commemoratives and bullion coins every year. Hundreds!
You make a good point. The RCM has been a joke to me for the past few years. I stopped even considering their coins due to rampant milk spot issues.
The Perth Mint was the gold standard to me. I thought their quality was above the rest of the government coin issuers. Now it just seems they are no better than any other mint.
If they keep this up, they'll have more coins than Niue...
I have hundreds of RCM commemoratives with zero milk spots. They only happened on bullion coins and RCM promised that it would stop in 2018 (new method).
I read about the new "Mint Shield". I am giving them a shot as I picked up my first RCM coins in years. 2 30th Anniversary coins, 2 Incused Maples, and one old run of the mill Maple.
I saw this koala on Bold precious metals yesterday maybe? I kind of like it, but aside from it being another koala, it’s also another series to buy into. So then you feel like maybe you have to get this one cause what if the next two are awesome & then you miss out on the whole set. It’s a quandary.
I think I may let them pass me by. I just hope I don't regret it by liking subsequent designs.
@mikeshuh I hear you Man and I can't Keep UP anymore either..................
There are just so many series coming out. Who can keep up?
With all these new Ozzie designs my 2015 wedge tailed eagles will never increase in value...
While I love the design, I don't like the long term outlook for those Eagles. Who was clamoring for an Emu coin anyway?
It sure seems that way. I don’t like either coin so it doesn’t matter to me. I’m not starting any new series unless they blow me away with the design. These don’t...
Sometimes it seems like they are phoning it in. I don't like either of these too. If I did, maybe I would pick up one, but I just don't.
You have a minor grammatical mistake in the following sentence:
It should be out of instead of our of.To the question in your title, my Magic 8-Ball says:
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