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Gold And Silver Coin Collecting Article Of The Month
Perth Mint Releases 2006 Year of the Dog
By Bill Haynes
The 2006 Year of the Dog, the 11th us gold coins in The Perth Mint�s 12-coin Lunar Series, has been released and is now immediately available for delivery. Officially, however, the Year of the Dog does not begin until January 29, 2006, and it runs until February 17, 2007.
The Perth Mint Lunar Series gold coins come in eight sizes: 1-kilo, 10-oz, 2-oz, 1-oz, �-oz, �-oz, 1/10-oz, and 1/20-oz, with monetary denominations of $3000, $1000, $200, $100, $50, $25, $15, and $5 respectively. An image of Her Majesty Queen Elizabeth II graces the obverse; the reverse carries the image of a beagle. The 1-oz ounce ($100) is by far the most popular of the Lunar Series gold coins.
The silver coins in the Lunar Series come in seven sizes: 1-kilo, �-kilo, 10-oz, 5-oz, 2-oz, 1-oz, and 1/20-oz, with monetary denominations of $30, $15, $10, $8, $2, $1, and 50 cents respectively. As with the gold coins in the Series, the obverse of the silver coins bears a likeness of Her Majesty Queen Elizabeth II. However, the reverse of the silver coins carries the image of a German shepherd.
Perth Mint Lunar Series: Popular with coin collectors worldwide
The one-ounce gold coins in the Lunar Series have become immensely popular with coin collectors worldwide for several reasons. Although the theme is not unique�other mints having done lunar series during earlier lunar cycles�timing seems to be perfect for The Perth Mint Lunar Series because China will host the Summer Olympics in 2008, one year after the Series ends with the Year of the Pig. Interest in China�and anything related to China�seems to be growing. By 2008, we may be seeing �Chinamania,� which would make the Lunar Series coins still more popular.
Another reason for the strong collector interest: Production of the 1-oz coins is limited to 30,000�a number that has turned out to be ideal for a collectors� series. The 2000 Year of the Dragon reached the production cap of 30,000 and sells at a big premium in the secondary market.
The 2002 Year of the Horse 1-oz gold coins also hit the production cap and is no longer available from The Perth Mint. Recently, premiums on 1-oz Gold Horses jumped, which suggests that wholesalers are out of coins or are about to be. If the wholesalers are out of 1-oz Gold Horses, they will be difficult to find in large quantities.
The 2001 Year of the Snake will probably be the next 1-oz gold coin in the Series to hit the production cap. Gold Snakes usually can be bought at premiums comparable to 1-oz Gold Eagles, the world�s best selling gold bullion coins. The other 1-oz Lunar Series gold coins that have not reached the production cap of 30,000 usually sell at slightly higher premiums than Gold Eagles.
Perhaps the primary reason for the popularity of the Lunar Series is the exquisite quality of the coins. The Perth Mint holds an uncompromising commitment to quality, and no other mint turns out more beautiful coins. Established in 1899, The Perth Mint operated as a branch of Britain�s Royal Mint until 1970 but now is owned by the government of Western Australia.
None of the silver coins in the Lunar Series have reached their production limits, probably because the silver coins are priced for the collector market. The gold coins in the Series, on the other hand, are priced at about the same prices as popular bullion coins, such as the American Gold Eagles and the Gold Maple Leafs. This means that by going with Lunar Series gold coins bullion investors can own collectible gold coins without paying huge collector premiums.
About The Author
Bill Haynes heads CMI Gold & Silver Inc, one of the nation's oldest precious metals dealers. See CMIGS� website at http://www.cmi-gold-silver.com/
More Numismatists Information
South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
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There are four main reasons I recommend diversifying within your gold coin portfolio. First, let's look at the fun aspect. At the end of the day, one of the big reasons I invest in gold is because of the fun factor. The coins are just plain neat! Why would I want to own all of the same thing, when I can get a sample of all different types and sizes of coins? As a reward to myself as an investor and collector, I try to not always buy the same thing.
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Gold is a tremendous holiday gift and I encourage you to give gold and silver coins to your loved ones this holiday season. There are two high level reasons I like this idea so much. First, gold is an appreciating asset and store of value. By giving a gold coin, you are giving a loved one an investment that has intrinsic value. Second, in this day and age, gold is not a familiar concept to many people. By giving a gold coin, you are opening up a new investment idea to your loved ones. Perhaps they have not considered investing in gold before. Upon holding their first gold coin, they will most likely be extremely interested in learning more. Your gift could provide the perfect starting point to start mentoring and teaching your loved ones all about your passion for gold.
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How does the silver coin's edge look? If the coin edge should be reeded, and isn't (or vice versa) this is a giant red flag, since mint errors of this type are very rare. Also, if the coin has a seam around the edge, a bit of a protrusion on the edge that could be a casting sprue, or file marks indicating a sprue or seam was removed, don't buy the coin!
Buy gold coins.
Fake silver coins may or may not have a silver-plated finish on them. Although higher-quality struck fakes might look pretty convincing if they're plated, many fakers don't even bother to plate the coin! Silver has a distinctive sheen to it that is neither too harsh nor too soft or "soapy" looking.
Buy gold coins.
More american eagle silver dollars Info
David Lazarus of the LA Times wrote about the latest World Reserve Monetary Exchange yesterday, discussing their offer of a roll of 50 $1 coins for $124. He notes you can purchase a roll at your bank for the face value of $50.
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Shanghai Daily, China -Amid the winning pack, Shandong Gold Mining Co, China's second-largest gold miner, increased 0.98 percent to 208 yuan. The company said today that its net ...
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