What is value of 2 oz Gold Lunar Dragon?
 

I had a bid in of $2,075 for a Year 2000 2 oz Gold Lunar Dragon, but did not even come close to winning on this e-bay auction http://cgi.ebay.com/ws/eBayISAPI.dll...MEWA:IT&ih=003

Are you kidding me? Are these coins really selling for $7,000+?

At first, I thought "oh, well the guy that won has no bid experience", but in looking at the other bidders, two other bidders with experience bid over 6k.

Any one have a clue as to what these are really worth?

Re: What is value of 2 oz Gold Lunar Dragon?
 

Free shipping.... yea that's it, he offered free shipping

Re: What is value of 2 oz Gold Lunar Dragon?
 

These coins are rare (meaning lower mintage than the 1 oz dragons)........we still have not seen the final Perth mint mintage numbers for the first series..........

But your question has no real answer and only ONE real answer........

THEY ARE WORTH WHAT PEOPLE ARE WILLING TO PAY FOR THEM!

Period.

As far as I know, there are no stores selling them and the Perth Mint stopped minting them........

So the only answer is supply and demand - what is someone willing to pay for it.

Lord knows, I was thrilled when I bought mine at $1800.......those prices you showed are mind-boggling! I would not pay that much for one.....with gold at $900, I would figure $3000 was a bit high.

Oh - and thankyou for making my day!!!!

Happy Chinese New Year Everyone!

Re: What is value of 2 oz Gold Lunar Dragon?
 

but what gets me about something like this is

when TSHTF,
and you may want to trade/barter that coin
is someone really going to care how rare this coin was
to someone else, it may just be 2oz of gold

Re: What is value of 2 oz Gold Lunar Dragon?
 

Thats a valid point - but its also an apples and oranges thing too........

You are comparing numismatics NOW - with a POSSIBLE SHTF senario THEN (sometime in the future)

As most here know, I am sure things are going to get much worse, but even in a depression some people have money and buy things that are rare and of value (even in depressions, there are people with money) - no one knows if this coin will qualify.

ALSO - no one knows how high gold or silver will get - in a SHTF situation, gold might be worth so much even $7000 an ounce seems dirt cheap.

Your point has validity - so PLEASE do not take my next comment as any sort of smack..........

But we have a choice - we can look at this coin in the light of reality today OR in the light of a POSSIBLE future event that may or may not happen..........

Given that choice - best to deal with today's reality than tomorrow's possibility (when so many other possibilities exist.)

HOWEVER - would I buy that coin NOW at that price???

No.

Re: What is value of 2 oz Gold Lunar Dragon?
 

That is just insane. Did you notice that the winning bidder has zero feedback. I would be very surprised, as a seller, if this ever got paid.

These coins are not so rare that they should command this type of price. People are crazy. :confused_ma:

Re: What is value of 2 oz Gold Lunar Dragon?
 

I agree the price is crazy - however, I have not see 2 oz dragons in gold on ebay in some time.........and its the single most important of the signs to Asians..........

They have the money so who knows?

Re: What is value of 2 oz Gold Lunar Dragon?
 

some people get caught up in the bidding
and some people have no common sense :confused_ma:

go to ebay com and type in " wholesale list "

$169 for a LIST ?

Re: What is value of 2 oz Gold Lunar Dragon?
 

i'm pretty excited that i am only missing one coin from a full set of 1 oz gold lunars now.

http://cgi.ebay.com/Complete-1oz-Lun...QQcmdZViewItem

in case someone wants to buy a full set

http://www.apmex.com/Product/4760/20...old_Coin_.aspx

here's a couple of dragons too

Re: What is value of 2 oz Gold Lunar Dragon?
 

I found an auction for said coin that ended Jan 5, 2008 with an ending value including shipping of $2,069.01, and another auction in progress ending on Feb 16th. I have put it on my auction watch to see what the ending value is.

Re: What is value of 2 oz Gold Lunar Dragon?
 

In a real SHTF scenario your coin is not worth ANYTHING against my glock. If SHTF that bad, screw your coin, I'll just take it rather than "barter" with it. This is how one will react when times get THAT bad.

Some of you guys may never really get what a real SHTF scenario will be like. Gold will not be valuable, because people will be doing what they can to survive, not worrying about gold. Until they make gold bullets that don't miss the targets, gold will be a novelty. Bullets will be worth more an ounce that gold.

Re: What is value of 2 oz Gold Lunar Dragon?
 

Thanks for the input.

But in the meantime, I am more interested in what different gold coins are worth.

Re: What is value of 2 oz Gold Lunar Dragon?
 

You are describing complete and total anarchy. Although this is possible a SHTF situation under a "police state" will not be that bad in all areas

Perhaps in a city like detroit or chicago.... but NOT ALL places

Re: What is value of 2 oz Gold Lunar Dragon?
 

In addition to the last two posts - which I completely agree with...........

Your Glock ain't any bigger than mine!

So what?

:D

Re: What is value of 2 oz Gold Lunar Dragon?
 

The winner of that auction is no longer a registered user.

Re: What is value of 2 oz Gold Lunar Dragon?
 

but who was the second high bidder to get it up so high?

Re: What is value of 2 oz Gold Lunar Dragon?
 

Or the third for that matter? No clue...

It was topping out slightly above 2000 before that one dude drove it so high, then two others joined in.

Re: What is value of 2 oz Gold Lunar Dragon?
 

You have a point but I would personally sell it and buy 7 ounces (or more fractionals).

Re: What is value of 2 oz Gold Lunar Dragon?
 

Whatever the value of a 2 oz gold Dragon, it isn't even near $7K. Someone went nuts. There doesn't seem to be much in the way of 2 oz gold Lunars on ebay now but they were pretty common recently. The sales prices have recently seemed to stay around 1.8 times the average sales price of the 1 oz coins. Considering that the 1 oz dragons have been averaging around $1600-$1700, you could reasonably expect to pay around $3000 or a little less for a 2 oz version.

Re: What is value of 2 oz Gold Lunar Dragon?
 

I knew that you had a couple but not that you were going for the full house. Which one are you missing?

Re: What is value of 2 oz Gold Lunar Dragon?
 

I would EXCEPT - I am a Chinese dragon and will sell those coins after I have sold all my other gold.

And I would have to assume that their value will hold or increase over the years.......I bought mine for $1800......as long as it doesn't drop below that, I should be fine. Right now, if it dropped 50% from that outrageous price, it would still be $3500.

Re: What is value of 2 oz Gold Lunar Dragon?
 

And that is how I have it listed in my files - I want to see a few more auction prices for these before I change up to the higher price!

What I am trying to determine is how much the price for the 1 and 2 oz is over spot........in other words, right now the price of the 1 oz coin is just below double spot........so the two oz coin might be reasonably considered fair at 4 times spot.

Re: What is value of 2 oz Gold Lunar Dragon?
 

I still need the snake.

i see its about $1013 from cni

Re: What is value of 2 oz Gold Lunar Dragon?
 

Better than the dragon but still pricey. How did you get your dragon?

Re: What is value of 2 oz Gold Lunar Dragon?
 

Boston Bullion still has the Snake listed as for sale at $1030

http://www.bostonbullion.com/product...ARSNAKEGOLD1OZ

And there have been a few up on Ebay off and on lately. This one has a Buy it now price of $1135

http://cgi.ebay.com/2001-Australian-...QQcmdZViewItem

Most of the Snakes I have seen lately seem to be going for $1100 to $1300 on the average.

I love getting my set out every once in awhile and just looking at it. :D

Re: What is value of 2 oz Gold Lunar Dragon?
 

My method of determining fair value on the 2 oz would be to look at the price of the 1 oz Dragon, and then add in the spot price of one oz, or 1,600 + 900 = 2,500.

By the way, I received a message from e-bay through my e-bay messages (not my normal e-mail) giving me a 2nd chance to buy the coin for $2,075. That seems like a good value, so I am going to buy it. I will let you know how it turns out.

Az Ag

Re: What is value of 2 oz Gold Lunar Dragon?
 

Well, that not too bad but the thing is - there is an additional aspect - there are a LOT less 2 oz coins than 1 oz gold dragons........so even twice a 1 oz is a lower price than the coin is worth or people are going to pay, generally speaking.

$3000 was the general Ebay price till a month or so ago.......

Re: What is value of 2 oz Gold Lunar Dragon?
 

Wow! The price collapsed all the way from $7K down to $2K? The seller must be ready for suicide. I looked at the bid history and there was one higher than you who should have jumped it.

If I were the seller, I would write this off as a disaster and start again assuming that everything is on the up and up. I guess I'm a suspicious sort but the whole thing looked like it might have been a set up to try to suck someone in at the $7K level. The two other bidders at the $7K level looked legit but they could have been there by the agreement that "coincollections28" would out bid them if necessary. The seller has apparently been dealing in gold coins for a while though.

I'd say buy the coin, it's a deal at $2,075 but pay through paypal and a credit card. Please let us know how things turn out.

Re: What is value of 2 oz Gold Lunar Dragon?
 

Maybe there are fewer 2oz than 1oz, but from what I understand the 1oz mintage is restricted to 30,000 coins.
The 2oz is unrestricted.

Are there any figures for the amount of coins actually minted?

Re: What is value of 2 oz Gold Lunar Dragon?
 

Mintage of the 2 oz was only minted to 6,000.

Thats a heap less than 30,000

I agree - I have seen $2800-3200 the last few months - so $3000 was the average - that price is a great deal - I would grab it and not take the chance the seller resubmits the auction!

Re: What is value of 2 oz Gold Lunar Dragon?
 

Not yet but the info is due soon, I think. Wouldn't be too surprised if a couple of the less popular coins got a boost from low mintage figures. You have to admit that the monkey has been spanked in the marketplace.

Re: What is value of 2 oz Gold Lunar Dragon?
 

Lets ride to the moon! (lunar speak)

Master_Ho when you say 6000 for the 2z, where did you get the info?
Even if the 2z is "unrestricted" in mintage fewer of those than the 1oz could very well have been made, but we won't know until we have the actual numbers!

What I read (without any research of facts and truthfulness -http://www.tavex.se/index.php?main=241-)
Are the folowing figures:
10 kg 20
1 kg unrestricted
10 oz unrestricted
2 oz unrestricted
1 oz 30 000
1/2 oz 40 000
1/4 oz 60 000
1/10 oz 80 000
1/20 oz 100 000


TomD,
I'm a monkey, my gf is a monkey, so I coincidentally got a couple extra monkeys for us :wink:

Re: What is value of 2 oz Gold Lunar Dragon?
 

The number I gave you was from the Perth Mint.......honestly, cannot tell you which letter or blurb they had that in - but keep files on all my coins - that was from them. Unrestricted meant they were made to order.......not merely a free-for-all unlimited mintage........

Re: What is value of 2 oz Gold Lunar Dragon?
 

Of course, I understand unrestricted on the same terms.

And the 6000 was for the dragon?
If so, I am sure some of the less popular 2oz are even rarer!
Not that it might affect the price greatly.
Unless only 587 people wanted a 2oz rabbit :D

Re: What is value of 2 oz Gold Lunar Dragon?
 

I only have the gold coins in dragon - 1 & 2 oz sizes - so thats the only one I was following.........

The others might be rarer and more valuable - but in the Orient, dragons are the most "exalted" of the Chinese animals (which is why you see it so often in Chinese restaurants and cleaners and the sort). Thats also why the dragons sold out faster than any of the other signs.

But we shall see when the Perth Mint releases final numbers on all their coins - I am still waiting for final numbers on the silver dragons, which I have in 1, 2 10 and kilo sizes.

Re: What is value of 2 oz Gold Lunar Dragon?
 

A dragon is the one to have, it is the most wanted lunar now, and in the future. It's going to go crazy collectionwise. (IMVHO).
The others are very nice and important but can't compare.

It will be very interesting when the official numbers are out, and some might be reevaluated numismatically.
I wonder why Perth doesn't release the numbers?

Re: What is value of 2 oz Gold Lunar Dragon?
 

Here's in honor of you and your gf. The monkey silver lunar image is nicer than the gold lunar image.

http://i185.photobucket.com/albums/x...vermonkey2.jpg

Re: What is value of 2 oz Gold Lunar Dragon?
 

Orders (production and marketing) are more important than gathering figures for coin fans. If the coins get more valuable over the years - the Perth Mint doesn't make more money..........so they will get around to it when things slow down.............

For them its just not high priority.

Re: What is value of 2 oz Gold Lunar Dragon?
 

Great picture TomD, thanks! :applause_:applause_:applause_

Follow up
 

By way of follow up, I did receive the coin. It just came in and is absolutely beautiful. Interesting that the coin at two ounces is almost exactly the same size as a one ounce Silver coin. But then the specific density of gold at 19.3 is almost twice that of Silver at 10.5.

Another note, since the time I bought this coin, there has been one more two ounce Dragon auction that closed. It too closed like the other, at $7,100. Also, another auction is ongoing with a "buy it now" price of $5,000.

Saludos,
Az Ag

Re: Follow up
 

You got the coin for $2075?!!!!!? Now that is a deal. :applause_

Re: What is value of 2 oz Gold Lunar Dragon?
 

Yes, I feel great about the deal, but now I have another coin that is so dog-gone beautiful I will never be able to sell it, so what good does it do me. Oh well, at least my kids will have something to sell when I go.

I think from now on, I will just buy ugly pm coins (if there is such a thing).

Re: Follow up
 

Interesting - hope you keep an eye on these and let us know how it goes.

When I got my coin, I was surprised it wasn't bigger - but holding it I could tell the coin was heavier and looked thicker. It will be the last of the gold coins I ever sell!

Re: What is value of 2 oz Gold Lunar Dragon?
 

The largest gold coin that I have is a 50 Peso which is around 1.3 oz. It's pretty big.

Re: What is value of 2 oz Gold Lunar Dragon?
 

I got one of those for one of my people (I do TOO have people) - I love the coin and keep trying to buy it off them.........if I remember right its technically 1.28 ounces of gold. Lovely coin!

Re: What is value of 2 oz Gold Lunar Dragon?
 

Me BIGgest coins are 10 ounce(troy) Aussie Nugget....feels real nice in the palms! :wink:

Re: Follow up
 

I will follow these auctions and let you know.

I too was surprised at how heavy the coin felt. Since it is the same size as the Silver Austrailian Koala I keep at my desk, I expected it to be about the same weight, but it weighs twice as much. In fact, I arm got tired holding the Dragon and I had to put it down (what do you expect, I am an accountant). :D

Re: What is value of 2 oz Gold Lunar Dragon?
 

Master Ho-what do you make of this at APMEX?

i am in the fortunate/unfortunate position of having plenty of dry powder....

I feel like Gollum...


conntains all 12 1 oz Gold Australian Lunars in a hardwood box! A beautiful set!
Quantity: Add 1 to Cart
Sell Price: $13,563.60
Item #: 33436
Availability: In Stock

Re: Follow up
 

Buy the kilo Dragon in silver and see how long you can hold that!! Thats the coin that sits on my desk!! :wink:

Re: What is value of 2 oz Gold Lunar Dragon?
 

OK - my first reaction was - wow, thats way too much..........

Then I got to thinking - even without a premium - 12 coins at the current price of gold is about $1200 (roughly - I know, spot is less but you pay more for any coins due to minting.)

The dragon coin has a huge premium over the others - the rat and a couple of others do too.........

SO - I think is cheaper buying it from APMEX than trying to buy each on Ebay or somewhere else........plus they are throwing in the box which has to be $30-50!

No doubt, others will disagree, especially the bullion-only people.........but for roughtly $1500 more, which alot is covered just by the golden dragon coin (roughly $2000 these days)........but I'd say, if you can afford it - do it.

My guess is very few people in the world have the entire set of 12 coins.......and the price, all things considered, seems reasonable to me.

Hope that helps.....

Cheers!

Re: What is value of 2 oz Gold Lunar Dragon?
 

I've seen them cheaper, j-son sent me a link recenyly to someone selling a complete set for $10K and change.

Re: What is value of 2 oz Gold Lunar Dragon?
 

Thanks for the input Master Ho and Tom D...still sitting on my hands.

Re: What is value of 2 oz Gold Lunar Dragon?
 

If You want the whole set and you can buy it of apmex boxed and ready to go.
I would go for it definitely.

Trying to build the complete collection from other sources is going to be extremely difficult, time consuming and expensive in the future.
(If it is not already!)

Fair if not good deal from apmex imho.

Re: What is value of 2 oz Gold Lunar Dragon?
 

One sold on eBay last week for $12k on Buy it Now. Starting bid was $10.5.

The listing claimed that he was going to invest the proceeds in silver. I contacted him and offered him a trade for 600 oz. of silver, but he declined.

I was toying with buying it to break it up, sell it and keep one as the profit.

Re: What is value of 2 oz Gold Lunar Dragon?
 

There are now several 2-oz Gold Dragons on Ebay with huge Buy It Now prices.

Had the chance to pick this coin up from APMEX about 4-5 months ago for $1500. :rant:

Re: What is value of 2 oz Gold Lunar Dragon?
 

http://www.golddealer.com/bullionpage.html

full set for $13040 shipped

Re: Follow up
 

There are still quite a few 2 oz auctions going on, but in the last four days, this is what has happened in four auctions:

One "Buy it now at $7,000 or best offer" ended with a best offer accepted of $5,500.

Three other auctions ended with prices of the first at $4,051, the second at $3,151 and the third at $3,263.

In analyzing these auctions for the last several days now, I have come to believe Master Ho was right when he said that these coins "are worth what people are willing to pay for them." However, it does appear that $3,000 is a very conservative value for this coin.

Az Ag

Re: Follow up
 

The lunar set on APMEX is gone...

Re: What is value of 2 oz Gold Lunar Dragon?
 

Unless you are sitting on millions I think that is too much money to be sitting in one coin. Very cool coin though.

Re: What is value of 2 oz Gold Lunar Dragon?
 

I just checked the last couple of weeks sales of gold lunars on ebay. There were around 7-8 2 oz gold coins sold, all but one were dragons. Most of those sold for in the low $3K range with one in the $5K's and another (which I am suspicious of) for $7K. The only non-dragon 2 oz gold was a horse which went buy-it-now for $2,600.

The dragons seem to be mostly selling for twice what a 1 oz gold dragon pulls.

Maybe it will end up with the 2 oz gold being the hot spot of the line.

http://i185.photobucket.com/albums/x...000dragon4.jpg

Re: What is value of 2 oz Gold Lunar Dragon?
 

precious, precious...