Thursday, December 8, 2011

2012 Year of Dragon



1 kg, 10 oz, 5 oz, 2 oz, 1 oz and 1/2 oz Silver Dragon


300,000 pieces of 1 oz Silver Dragon were sold out on launch day 1 September 2011 for a little below A$50/oz. This was followed by Perth Mint declaring that they were unable to cope with orders and hence suspended production of the 1/2 oz, 2 oz and 5 oz Silver Dragon coins. Prices jumped to as high as A$100/oz but settled to as low as A$60 when silver spot price tanked 25% from US$40 to US$30.


Rolls of 20 Silver Dragon coins


Stacked up of the 6 denominations

It would be interesting to see by 1 September 2012, how many 1/2 oz, 2 oz, 5 oz and 10 oz Silver Dragon coins would be sold when production cease.

Mintage:
1 kilo:
10 oz: 47.390
5 oz: 31,664
2 oz: 118,738
1 oz: 300,000
1/2 oz: 389,161

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