2017 Silver(!) Krugerrand

Have you finished with your homework?

 

Log in or Sign up to hide this ad.

https://www.moderncoinmart.com/down...er-krugerrand-sa-mint-press-release-delay.pdf

So the SA Mint confirms the delay was due to damaged coins during shipping. It's like how everyone here was saying. How did they package the coins that they got damaged. It's not rocket science lol

 

I'm guessing that there was a gap in the tubes so that the coins could move and jump up and down. Surely they sent them in tubes? The mint was offering them in a pouch as single coins. I wouldn't think they would ship these as singles just placed in pouches but it is Africa we are talking about. If they sent them in pouches then they got scratched, scuffed and dinged for sure.
One thing that I wondered about is that maybe it was not shipping that damaged the coins but they were just poor quality to begin with? The "damaged in shipping" could just be an excuse? The South African Mint pulled the silver coin from the website for local people, which is curious because the ones sitting at the mint over there haven't been shipped so shouldn't be damaged and available for sale. That's what makes me think it is a quality issue from the start before they were ever shipped.

 

Hurry and look before it disappears, but this guy is using MCM's photo in his ebay listing. Out of all the ones to use, he is using the one saying "official North American Distibutor" . Not the smartest move: http://www.ebay.com/itm/IN-STOCK-1-...700553?hash=item2378369d89:g:DEsAAOSwux5YQSUe

 

Maybe you should report the listing?


Sent from my iPhone using Tapatalk

 

It also says he/she has them in stock. Could this be true?
Also, I guess I missed the developments that led to the United Kingdom becoming a part of North America.

 

Yeah, he most likely has them in stock. The mint had them online for ordering for awhile (although I didn't get a reply when I emailed them asking about international shipping). I think it was EKM that has some in stock and there is a link here to their sales page earlier in this thread. I know on youtube there are several people with "unboxing" videos showing them getting their 2017 Silver Krugerrands.

 

From several reports, people in Europe have received some in stock. Those sellers who received their share are in a good position right now as the artificial shortages are helping them get prices up to $100 per coin (as in the ebay listing from above).

 

IMO the design of the coin is meh, almost the same as Gabon & Malawi's Springbok coins (vertically flipped) but sign me up for collecting this new series I guess, lol

 

The World Money Fair catalog (first version; there will usually be updates shortly before the show) can now be downloaded ...
http://www.worldmoneyfair.de/wmf/en/fair-catalog/
... and on page 26 there is a list of Krugerrand jubilee products. No prices, just the items they will make.

Christian

 

One day I'm going to make it over there!!


Sent from my iPhone using Tapatalk

 

Anyone seen any updates on the silver Krugerand?

 

So far no one is saying anything about when we can get these. I did talk to one dealer in South Africa. He told me he pulled his ebay listings because he can sell them easy enough locally for $100 per coin with no ebay fees. He tells me that he got the coins in pouches and that the ones in pouches were also in a capsule. He said that he didn't get any in tubes so doesn't know if there was a gap in the tubes for them to be damaged by jumping up in down during shipping. He further says that the ones that managed to get coins are doing quite well in selling them locally in South Africa because the mint doesn't have any and probably wont until 2017.
I had a friend in Johannesburg that I had asked to order me some coins and he agreed to. However, once I saw the problems I messaged him and he said that he "planned on going to the mint in January to get them". Man! If only he had of went ahead and ordered them first thing. Maybe when I see him in the Arizona the first week in February he will have some for me if the mint does start selling them in January.
I've been wondering what the mint will do with a million coins that they struck and recalled? Will they have someone sort thru and pull the good ones out or just melt them all? The mint claims that they were damaged when being shipped to Modern Coin Mart but here's the thing: They pulled all of them, including the ONES AT THE MINT THAT DIDN'T SHIP! The locals in South Africa can't order them thru the mail or visit the mint and buy them there so that tells me that damaged in transit isn't completely true (although I am sure that happened as well as making shoddy coins in the first place).
This is an odd thing and it has to be embarrassing for the South African Mint.

 

This is one crazy situation about the silver Krugerrand. MCM can't sell you one but they are making a big deal about having one that people can look at. They are calling it a "test strike".
Surely they know that the mint released the coin and sold a good many of them already? Anyone with ninety bucks can buy one right now if they are so inclined to spend that much money. http://www.govmint.com/silver-kruge...g-update-010617&utm_campaign=GE1916&ad=GE1916

 

Lol yeah I got an email about the test strike. I was thinking, "Really? That's what you're emailing me about?"


Sent from my iPhone using Tapatalk

 

I'd bet money that some of the dealers there at the FUN show where MCM is doing 'The Big Reveal' will have some 'non test strike' examples for sale.

 

This is what a major German dealer writes about the silver piece:
https://www.mdm.de/suedafrika-silber-kruegerrand-2
"Available for shipping about 2-3 weeks after the issue date 31 Jan 2017." Would be mid/late February then. The displayed price applies to buyers here; it is in euro and includes 19% VAT.

Christian

 

I hope we get them around the same time here in the US!!


Sent from my iPhone using Tapatalk

 

Christian,
Thanks for the link. What does "With a one-time jubilee award!" mean?

If 31 January is the release date from the mint my buddy in South Africa won't be able to get me one as he flies here on the 25th. I'm assuming that most of the dealers cherry pick these before shipping them out.

It looks like that dealer is asking US $37.50 which even includes their 19% VAT. I'm still puzzling over how the dealers can sell them for less than the mint's listed prices?
Does anyone know if the US mint ever sells Proof and Uncirculated coins to dealers for less than their listed mint prices? I'm not referirng to Authorized Purchasers for the bullion coin program.

 

big hairy deal.