Feb 082012
 

Despite freezing conditions in Europe, Perth Mint coins were hot at last week’s World Money Fair in Berlin, the annual industry shindig for mints, dealers and collectors.

Dragon coins were on fire, with stocks of our latest releases quickly exhausted by fierce demand from visitors at the show.

Talking Dragons in a variety of Euro languages were our representatives (from left) Andrey Ignatchenko (Russian); Kristina Wolters (German); and Irina Kizitskaya (Ukrainian).

 

  4 Responses to “World still crazy for Dragon coins”

  1. Dear Blog team.

    Congratulations on yet another fantastic coin from Perth.

    Thanks go to the Perth team for bringing us Aussies and Europeans, a very unique specimen dragon, that is not only appreciated by the collectors “Down-under” but also our comrades (Rivals 🙂 said jokingly) in Europe.

    The feedback I’ve had, indicates the Water Dragon will have spectacular success on the secondary market.
    The mintage of 5,000 specimen coins was perfect!
    I’m sure, many collectors agree, that the coin you selected, for the Coin fair may go on to win world coin competitions in the future.

    I’m also happy to say, that back home, on the collector site, we didn’t have any congestion even though the coin was sold-out quickly, so perhaps the new timings for sales has worked. (Pat on the back)

    Again, well done; to get organized for the show, ,and to have the coin ready in Feb means that many people have been working over-time during the Christmas break. That takes dedication and a professional outlook and is typical of the staff at Perth and the quality products you produce.

    The World Money Fair – Berlin Coin Show Special Year of the Dragon 1oz Silver Coloured Coin is a ripper!

    Kind regards

    Billy Black Smith

     
  2. I don’t see how those Water Dragon Coins are any different from the one made for the Chinese sets that were limited to 20,000 sets. So weren’t there really 25,000 of them minted not 5,000 of that coin. It is a nice coin though.

     
    • The untraained eye, you could say that, but to a collector and investor there is a huge difference.

      The 5,000 coins are Specimen quality coins.

      The 20,000 coins you talk of are bullion coins, and will always be bullion coins.
      Even if the holders of the nine-coin set breaks down the sets to sell the coins individually they will have no numismatic value and will not get a mention in any coin catalogue.

      On the other hand, the 5,000 coins uust issued by Perth, are a unique collector coin that do have huge numismatic potential because the coins are specimen grade, individually numbered and have unique packaging. You’ll see them in every major coin cataloque, on-line bulletin and recommended in coin sales.

      One of the most common mistakes new collectors make, is that they don’t take into account the unique packaging of the coin.

      The packaging is as important as the coin, and of course, those who collect unique coins, ensure that the packaging is in pristine condition.

      I’ve seen great coins in damaged packaging that just don’t sell or have little value except for their bullion value.

      Another thing to consider is the mintage.

      Just because a coin has a low mintage doesn’t make it an expensive coin, there’s thousands of coins produced, that have low mintages and are worthless; there’s coins with large mintages that continue to have huge premiums, so it depends on what the market wants, not how many coins were minted.

      Even if you consider the total mintage of every dragon coin produced by Perth, it still doesn’t satisfy the world wide demand; and, for an issue price of a mere 99bucks for a specimen coin that is individually numbered and packaged I think those who bought the coin will be smiling from ear to ear.

      Cheers

      Billy Black Smith

       
      • Hi Billy,
        Although I am collecting coins for only a few years now, I am a bit surprised reading your statement that bullion coins will never have a numismatic value.

        Please can you explain this as I am trying to understand why bullion coins will have no numismatic value whilst grading agencies like NGC are grading bullion Dragons by the hundreds maybe thousands?

        Actually, but I guess you already know this; any MS70 Dragon pushes market prices sky high and especially the custom coloured Dragons for the Chinese market…
        I mention this as I always understood that the numismatic value refers to the potential value and one of the ways collectors create potential is grading.

        Another thing I wanted to ask you is how can you distinguish a coin is a bullion or a specimen?
        I know it relates to the production process but I have never found the answer how you can tell them apart.

        Thanks in advance.

        Mzzl,
        Mokum

         

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