Category Archives: Silver Coins

What are bullion coins? Basic Class 1

Dragon Silver Coin

Dragon Silver Coin

The Perth Mint is the official supplier of Australian Bullion coins with the Royal Australian Mint concentrating mainly on circulating coins (the coins you will find in your change).

Australian Bullion coins are composed of Gold, Silver or Platinum. These are released every year with a different design making them one of the few bullion type coins to change design each year.

They are of a specimen or uncirculated quality. They are known as bullion or specimen coins.  In other words they are not finished to the polished mirror like finish you will find in proof coins but are of a better quality than coins issued for circulation.

These specimen bullion coins cover the Kookaburra, Koala and Lunar releases. They have relatively high mintage numbers and are released worldwide. They come in capsules with no Certificate of Authenticity (COA) or packaging box.  The mint last year also released a new type of bullion coin that comes in a tube, similar to the US Eagle coins.  The first design been a saltwater crocodile. Continue reading

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Are there too many commemorative silver coins released?

2015 batman

The coin releases from The Perth Mint and Royal Australian Mint just in the first period of 2015 are plentiful so the question is this –
Are the mints killing off a very lucrative market by oversupplying?
The releases from both the Pert Mint and Royal Australian Mint around this time include Anzac Centenary and Gallipoli releases, Eternal Love, Cricket, New Year, the Lunar series with many different sizes and types, Coin show special, sunset Batman, Gods of Olympia, Star Trek and more but you get the point.
All things considered and under normal circumstances it would appear the market is defiantly been oversupplied. Although I am not that familiar with International releases the same expansion of releases appears to be occurring with other mints as well.

The immediately effect of this has been a gradual drop in prices for previously released coins. If collectors cannot be guaranteed rising prices for their coins it does spell trouble for the silver commemorative market. It is a relatively new market really only becoming popular in the last decade or so and needs careful consideration and management by the mints.
The question in my mind is what of the future?
Continue reading

Large Coins a time to buy.

 

 

DSCN9590

With the silver price looking to form a bottom ending its current correction and more interesting settling below the cost of production for most miners it is safe to say the silver price now is a bargain.

No one can predict the price of gold or silver as there is just to much influencing the price however the Edge Trader is better than most. Continue reading

Perth Mint Lunar Series 1

 

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The Perth Mint  Lunar Series 1 are the coins I would recommend to collect both for those just starting and those wishing to enhance their collection.

The Series has plenty going for it:

1. Tiny mintages, especially compared with other issues.
2. First series of its kind and led the way to the commemorative series market which is huge today
3. Superb quality
4. Interesting though somewhat stylized designs.
5. 100% Silver so always backed by a silver bullion price.
6. Minted by an internationally recognized mint that has an outstanding  reputation.
7. Prices are still very reasonable considering the mintage’s and scarcity of these coins.
8. Price appreciation is assured due to the mintage numbers and an increasing interest in the series.

Continue reading

Kangaroo Silver Coin on Card

2007  Kangaroo Carded

The Kangaroo series produced by the Royal Australian Mint is one of the foundation series of Australian decimal coinage and is widely collected.
There is in my opinion a significant opportunity that has developed in this very popular series.
Continue reading

Koala Opal Silver Proof Coin

Koala Opal Silver Proof Coin

The Perth Mint has released the very unique Koala Opal coin.

The coin is in a display case, a light turns on when the case is opened representing the moon shining down on the nocturnal koala.  The 1 oz silver and opal coin is accompanied by a colourful, beautifully designed packing box.  The Opal pieces are put together in the shape of a Koala in a tree.

Continue reading

Deadly & Dangerous Red Back Spider – an intriguing alternative?

Red Back Spider Russian Version

The Deadly & Dangerous series is one of the most popular series released in recent years.

The popularity of the series probably has to do with the heavy promotion conducted by the Perth Mint, particularly in Europe.

The series consists of the Red Back Spider, Shark, Octopus, Crocodile, Snake and Box Jellyfish.

The first coin released – the Red Back Spider – is now selling for between $1300 and $1800 dollars, a bit beyond many people’s budget for these type of coins

There is a little known alternative.

In 2011 the Perth Mint released 2000 Red Back Spiders into the Russian market.  The design is the same and packaging similar, albeit with Russian script on the coin and box.

Here is a copy of a response by the Perth Mint asking about the Russian Red Back Spider coin,

“Thankyou for your inquiry and for your interest in The Perth Mint.

I can confirm that the coin in question (1oz Silver Proof Red Back Spider – Deadly and Dangerous) was issued by The Perth Mint.  It is not a replica, but an official Perth Mint coin.  This coin was produced for sale in Russia only and was subject to all required approvals.

Hope that answers your query.

Thanks and Best Regards

Tracey Cobby

Program Coordinator
The Perth Mint”

Have a look at both coins in our store.

http://www.silverspiritcoins.com/store/silver-coins/