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2012 Perth Mint Dragons- gone quick!

PostPosted: Thu Sep 01, 2011 11:19 am
by blackrabbit
So I got a notice a couple days ago from Gainsville coins about the new 2012 Perth Mint year of the dragon coins. I love the Perth Mint Lunar series coins (and the huge premiums realized when I resell them) The last dragon coin from 2000 has one of the highest premiums for a silver bullion coin that I have seen. So I figured even paying more than I have ever paid for an ounce of silver for the dragons, I 'm betting an instant nice profit as soon as I get them. They did not have one ounce but only 1/2 and 2 ouncers which I attempted to buy some with some available funds I had. The 1/2 ounces were sold out by the time I tried to place the order but I did get some 2 oz. The next day I get a call from them checking to see if my order is fraudulent and will be canceled unless I get back to them. This has never happened before and when I ordered from them. I noticed all their dragon coins were sold out. (same at APMEX except for kilos) Do you think they sold too many or that they figured they could sell them for even more if they canceled some orders? I just called them back and confirmed my order.

A lot of physical is being purchased out there, this bull's legs are strong indeed! :mrgreen: