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- - New Canadian Lunar series (http://goldismoney.info/forums/showthread.php?t=412181)

Heads_Up | 10-01-2009 04:55 PM
New Canadian Lunar series The first of their new series is out today: http://www.mint.ca/store/coin/silver...ion-prod690001 I'm really humming and hawing about this. I love the look of the coin, but have a hard time justifying 90$CAN for a sterling silver coin under an ounce. :confused_m:

SLV>GLD | 10-01-2009 05:05 PM
Re: New Canadian Lunar series No purity stamp. No weight stamp. US$105/ozt No, thanks!

Ringhunter | 10-01-2009 05:39 PM
Re: New Canadian Lunar series They just have to put that shriveled old hag on everything don't they :puke:

TomD | 10-01-2009 05:54 PM
Re: New Canadian Lunar series Before I discovered the Australian Lunar series, I collected a fair portion of the Canadian series. At the time that I could get Aus Lunars in the $13-$16 range, the Canadian versions were costing me $55-$65. The Canada coins did come in a nice box but I figured (rightly as it turns out) that I was best served by spending my money on the Aus versions. The new series does look nice but not US $70-$80 nice, not even close. Canada 1st series below. http://farm3.static.flickr.com/2651/...3e51c3a0_b.jpg

TomD | 10-01-2009 05:58 PM
Re: New Canadian Lunar series Quote:
Originally Posted by Ringhunter (Post 1950200) They just have to put that shriveled old hag on everything don't they :puke:
Yeah, and to add injury to insult the Queen picture is a sucky, badly done image without the character shown in this Aus Queen version. http://farm4.static.flickr.com/3512/...38f45c6e_b.jpg

SLV>GLD | 10-01-2009 06:16 PM
Re: New Canadian Lunar series Quote:
Originally Posted by TomD (Post 1950229) The new series does look nice but not US $70-$80 nice, not even close.
The mint site lists them for 88.88CAD. This is a 92.5% coin that weighs less than a troy ounce in alloy. Adjusted to reflect cost for just silver content it is right around $105/ozt. Considering the lack of purity and weight markings this appears to be intended for use as legal tender and not for bullion purposes. Any explanation for that line of thinking?

Irons | 10-01-2009 07:53 PM
Re: New Canadian Lunar series Quote:
Originally Posted by Ringhunter (Post 1950200) They just have to put that shriveled old hag on everything don't they :puke:
I heard that, I got in the habit of never flipping over a coin from the colonies.:thumpdown

PiVi1962 | 10-02-2009 03:11 AM
Re: New Canadian Lunar series The pricing of the product is wrong. Just to compare, the Bobsleigh Silver Hologram coin, has similar characteristics: - important theme (sport vs. lunar) - non-standard silver content (25.7 grams vs. 24.3 grams) - mintage figures (45.000 vs. 48.888) - requires more important technical skills (hologram vs. plain silver) but costs 72 CAD instead of 88.88 CAD. I think the mint wrote the price keeping in mind that "8" is a lucky number for the Chinese... but I think they got it wrong this time. Collectors want: stamped standard weight (1 oz of silver), stamped purity (.999 for instance), cheap price for such a large number of mintage.

Jekyll7 | 10-02-2009 10:27 PM
Re: New Canadian Lunar series Quote:
Originally Posted by SLV>GLD (Post 1950280) The mint site lists them for 88.88CAD. This is a 92.5% coin that weighs less than a troy ounce in alloy. Adjusted to reflect cost for just silver content it is right around $105/ozt. Considering the lack of purity and weight markings this appears to be intended for use as legal tender and not for bullion purposes. Any explanation for that line of thinking?
It's not bullion or (genuine) legal tender - it falls into that category of the mint padding their bottom line with NCLT coins. Generally, this kind of stuff is like buying a new car: it takes a brutal depreciation in the first couple years, and then the price drops to a more reasonable level. Just don't be the sucker who takes the initial hit!

Heads_Up | 10-03-2009 02:07 AM
Re: New Canadian Lunar series After reading the stuff here, I followed my own advise. If a deal is good today, it will be good tomorrow. So after taking a step back and shaking my head, I took the same money and got 2 prospector rounds and filled some of my missing sterling silver Canadian nickels I was missing from my set. I feel much better and still got my silver fix. Thanks people.:coolbeer:

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