Educate me

Why is the Lunar Horse sell for such high premium?? Most sites now selling around $12+ premium.

 

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Lostwords you say ... so that is where they all go after I create them ...

Welcome aboard!

 

Many people simply like horses. That and the fact they have limited mintage (50K) for a bullion coin. Once the Perth releases their lunar horse next month, the Tokelau horse coin will settle down (unless of course silver spikes).

 

I think the premiums for the 1oz Perth Lunar Horse are way too high.

I just want to collect Lunar horses because it is my lunar sign.

I ordered the 2oz for 4.75 over spot. Now that one is done as well as the Tokelau.

Onward!


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I already have those stock horse earlier.. I know Panda have like 8 mil mintage but I personally would prefer that over the lunar horse. That's probably because I don't have the Dragon nor the Snake so I don't mind not buying it. between lunar horse which has $12 + premium or 2013 Panda which has about $8 premium, I take the Panda before the new 2014 Panda come out....

 

Modern Coin Mart has 2013 Panda NGC MS70 on eBay for $59.00


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Why on earth would anyone get a modern bullion coin with a mintage of 8 million slabbed? My mind is boggled.

 

Actual facts and stuff...

The 1oz Perth Mint silver Lunar Horse has a mintage max of 300,000.

If you go back to last year, the snake was released with a premium of about $8, and that premium held for about a month, then in went up to $10, then $12 and now they're hard to find for under $40.

If you go to the dragon release, which was a bad joke, you'll notice that they were in the $80 to $100 range on release. You can now but them from Gainesville coins for about $40. That was a bad joke, mostly caused by the popularity of the lunar 1 series dragon, and people pestering the dealers and the mint about the release up to 1 year earlier than its scheduled release. Net result of that is the release was much anticipated and people bought the hype that it would be the next latest and greatest in the line of easy flipping money, so the dealers took that out of the plan with $100 per 1oz coin.

Now, the next part is a bit more obscure, but if you look at the tiger and ox, they're holding their values very well, and are selling for $60 to $90 currently. Then take into consideration the next in line releases, rooster, monkey, dog, ram and pig, then decide which has the most potential for future resale appreciation. I'm not 100% sure, but if I were a betting man, the only one that has a remote shot at the potential of the horse would be the dog, and I wouldn't count on it.

The last thing I'll mention is that the design is good, in my opinion. I guess you can choose to pay now, pay later or pay never....but I don't know that it will get any better....besides, I'm sure you've blown $40 on something much more lame than this.

 

Check it...

http://www.choicebullion.com/2014-1oz-lunar-horse

 

$12 premium isn't that much. A lot of the world bullion coins commonly go for such premiums and higher, and the Perth Lunar Series is one of the most popular.

Tokelau on the other hand is a newcomer, quite obscure, and unproven. In my opinion, the mintage on the Tokelau is too high for such a new coin series.

If you want a pile of common stuff, buy ASEs, maple Leafs and Pandas. If you like the Lunar Series and are willing to spend a little more, go for it. Or if you want to speculate on some high end coins with truly low mintages, that's another option.

 

Firstly, I bought it because I like it and can afford it. I am building up my slab collection. It is not for resale.

Secondly, I got it for $59.95 and free shipping. All other MS70 2013 at other sites are 69.99. Therefore I believe I got it for a good price.

Thirdly, do not judge other people's buying decisions.

Fourthly, are there 8 million slabbed MS70?

Everyone has their reasons for buying what they buy. Your beliefs may not agree.

That's all I have to say about that.




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By all means, buy what you like. I just don't personally understand the idea behind slabbing modern bullion.

 

Why not? The idea is that you have a nearly flawless coin and it's certified as such and in a nice protective case.

 

Yes!!!

Some stack

Some collect

Haters just want to judge.


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BTW I did get the Perth Lunar Horse 1oz today when spot was less than $24 at Gainesville.

Cheaper than elsewhere and only $5.95 shipping.


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They're all nearly flawless and an air-tite costs a lot less than a slab. Pandas already come in a protective capsule from the mint, in fact.

 

Just do the research. How many are MS 70? MS70 means flawless, not nearly flawless.

Your original post is the reason for the replies. We boggle your mind when we make purchases that you do not agree with. Why post such a judgement and think that no one will respond to it?

Did you know that Pandas are already out there as fakes? Did you know that your raw Pandas will be harder to sell because of that? The best way to go these days is certified period.


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PCGS have graded 58,809 of the 2013 pandas, and all but 17 are either MS69 or MS70. Can you tell the difference between an MS69 or 70? Would the average bullion buyer care?

Clearly my mind boggling seems to have struck a nerve. That was unintentional, I was just being snarky I guess. Difference of opinion, lets drop it at that.

 

How many are ms70? I have asked that several times and I get this response?

I buy want I want. I do not need for someone to criticize my purchase. That is the bottom line.

The average bullion buyer is not me. I want a non-challenged collection and perfect specimens. Perfect means MS70.

You do what you want, but just remember that your opinion is meaningless to others. I have a goal that you could not fathom - apparently.


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About half of the graded coins are 70s (a little over half, actually) at both PCGS and NGC. That information is easily found online, so presumably you're asking me to look it up in order to prove a point, but I'm not sure what that is.