2012 Silver Australian Year of the Dragon Coin | Perth Mint Lunar Series 2

Provident has these prices for list:

2012 1 oz Silver Australian Year of the Dragon Coin | Perth Mint Lunar Series 2 for $82.03


2012 2 oz Silver Australian Year of the Dragon Coin | Perth Mint Lunar Series 2 for $89.07


So for an extra $7.04 you get another ounce of silver....What am I missing here?

 

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I tell you one thing that provident might not be missing.

Great pricing strategists.

 

The 1-ounce has a "limited" mintage of 300,000 and the 2-ounce has an unlimited mintage (mintage on demand).

 

That is correct. :thumb: Makes me wonder though with all the lunar dragon issues released from the Perth Mint never mind other world mints this year, whether their 2oz mintage will actually end up being lower than their 1oz mintage. Playing the mintage game with world bullion seems risky to me, and premiums can be astronomically high for some limited mintage issues, especially the proofs. I buy designs that I like regardless of mintage but try to buy as close to silver spot as possible. I like the lunar dragon design but have held back due to the high premium. The 2oz seems like a great way to get the design in hand plus get an "extra" ounce of silver. TC

 

I thought that might be the reason...figures why I couldn't find the mintage for the 2 ouncer...

Seems a bit odd to pay that much for a "bullion" coin and not cough up the extra for another ounce...guess it's the ole, numismatic vs. PM dilemma.


I decided to buy one anyway... a two ounce and it ended up being

$87.58, while mintproducts has a one ounce for $89.99​

( it'll be my first purchase of a coin over 1 ounce, now to find an airtite for it).

 

I don't think you have to worry about that. I have never purchased a Perth Mint product for which an airtite wasn't already provided.

 

IMO, what ever choice you made would have been the right one. This market has little down side. As for bigger is better, I hate the pucks but I will buy one collector (vapor blast) on the chance it will become the key. But that day has yet to come.

 

I got caught up in the frenzy for dragons at the end of 2011 and paid $99 for one oz and $120 for a 2 ozer.So I overpaid yes but I like them.Since then I got the HR for just over $100 and a few handfuls of 1/2 ozs for about $23 each.Again I like the design so I am ok with it.I was impressed on the size difference between the 1oz and the 2 oz coins.I even got a year 2000 1 oz for just over spot and its smaller than the 2012 1 oz.

 

I like them... a lot. However, I went ahead, spent about $125+/- and bought the Berlin coin show black colored version.. 5000 minted... and the gilded... and a colored 2 ounce. I will say that the New Zealand version is gorgeous as well!

 

For some reason Westerners believe that 100s of millions of Chinese will be demanding Dragon coins that are being produced by a mint in Australia. Never mind that China has its own, IMO more attractive, series of lunar coins, fan coins, scalloped coins, etc. Never mind the backside of the Perth Mint coins contains the image of the current head of the family that led imperial Britain against China and numerous other Asian countries for centuries and kept Hong Kong as a possession until just 12 years ago.

 

Not me.. I could care less. I like the coin... and I distrust Chinese bullion, which is often extremely expensive, and comes from a region infamous for its millions of counterfeit coins.

The fans are attractive.. but god awful expensive for an ounce of silver. $299? Sorry...

The perth mint puts out beautiful coins... I buy the coin, not the hype.

 

I consider myself to be pretty open-minded regarding world bullion. I own the 2012 Australia 1-ounce Dragon from Perth Mint and also the 2012 China Scallop and Fan Dragons.

To be completely fair, I would state the following:

--the China coins have a more appealing design.

--the China coins were over 2.5 times the price.

--both of the China coins are milk-spotted.

--I wish Queenie wasn't on the Australia coins.

--the finish on both coins is pretty equal.



While I like all three of these coins, they each have their pluses and minuses.

 

Did you happen to see the prices of the China minted dragons? They might be more attractive, IYO, but they are well over 2x the price of the Perth items. I know you get beat on all the time on here and don't want to pile on, but sometimes... If you know Chinese people, for the most part they don't have a lot of ill will against the British, so that point is moot.

 

I pretty much stick to 1 oz coins that I can get for closer to $5 above spot in this regard. I did spring for a couple PM dragons because they were part of the series I collect, but that was an exception. I prefer to grab kooks and CA wildlife series but since they started reissuing old years of the kooks I'm kind of burned on Perth.

 

There has been a lot of speculation on the kooks. Some older dates have started to appear for sale in the marketplace in quantity. A recent official announcement from the Perth Mint confirms that they are indeed re-striking older dates up to only the maximum mintage of 300K though. I would be very unhappy if I had paid a significant premium in the secondary market for the older dates. However, I did not and will be happy to purchase the re-strikes at close to spot. More reason not to play the mintage game with bullion. TC

 

Is this the same price as in China? Possibly the premium structure is quite different there when priced in local currency.

 

That'd be a large and fat, NO. I checked with my Hong Kong contacts and they checked with their China contacts and the price without shipping is basically the same. Not to mention the hassle of wiring money, waiting and all the other nonsense. If you want to count time, or my time, I'd really be losing money.