Perth Mint Lunar Series Collector Coins
The Year 2007 Gold Pig is the last coin in The Perth Mint’s Australian Lunar Gold Bullion Coin Series. The 12-coin Lunar Series is now complete.
The Lunar Series is based on the Chinese Lunar Calendar, which repeats every twelve years. This Series represents the years 1996-2007. In all, twelve coins, each representing a different year in the Lunar Calendar, have now been minted.
Basically, Lunar Series coins are collector coins but are sold at gold bullion coin prices, thereby competing with the popular gold bullion coins such as the U.S. Mint’s Gold Eagles, the Royal Canadian Mint’s Gold Maple Leafs, the Austrian Mint’s Philharmonics, and The Perth Mint’s own line of gold bullion coins, its Kangaroo/Nuggets. However, there is a big difference between unlimited production bullion coins and Perth Mint Lunar Series coins.
Lunar Series Coins: Limited Production
Production of Lunar Series 1-oz gold coins is limited to 30,000 for each coin. When the 1-oz gold coins reach the production cap, The Perth Mint stops making them, and they tend to pick up premiums in the collector market. This has been the case for the three 1-oz Lunar Series gold coins that have sold out: the 2000 Dragons, the 2001 Snakes, and the 2002 Horses. The 2006 1-oz Gold Dogs look to be the next coins in Series to reach the production cap.
Because Gold Eagles, Gold Maple Leafs, Philharmonics, and Kangaroo/Nuggets are unlimited production bullion coins, they are unlikely ever to achieve collector status. Unlimited production bullion coins are minted for one purpose: to offer a convenient way to own gold bullion. The Lunar Series 1-oz 24-karat gold coins, on the other hand, offer investors the same convenient way to own gold bullion but also a chance
Collector Premium Potential
In past precious metals bull markets, coin collectors have put huge premiums on some collector coins. When the 30,000-coin production cap is reached, the 1-oz Gold Pigs could pick up collector premiums as have the three 1-oz Lunar Series gold coins that have sold out: the year 2000 Dragons, the year 2001 Snakes, and the year 2002 Horses.
However, investors wanting to take advantage of this additional upside price potential should not buy the 2007 Gold Pigs but the 2006 1-oz Gold Dogs, which look to be the next coin in the Lunar Series to reach the 30,000-coin production cap. The coins that sell out first tend to pick up premiums the quickest. One ounce Gold Dogs can be bought at the same prices as new U.S. Mint one-ounce Gold Eagles.
(Because the 1-oz Gold Dragons and the 1-oz Gold Horses carry big premiums in the secondary market, CMIGS does not recommend them to bullion investors. The 1-oz Gold Dragons and the 1-oz Gold Horses are now collector coins. We do, however, strongly recommend 1-oz Gold Dogs to bullion investors. Because of the popularity of dogs, the 2006 Gold Dogs may achievecollector status immediately on reaching the production cap.)
.9999 Fine, 24-karat Gold Coins
All the gold coins in the Lunar Series are minted of .9999 fine (24-karat) gold, and each coin comes individually (put link to encapsulated Gold Dragon here)encapsulated in plastic protective capsules. The images of the creatures are on the reverses of the coins, while the official effigy of Queen Elizabeth II is on the obverse (front).
The first three coins in the Series, the 1996 Rat, the 1997 Ox, and the 1998 Tiger, bear the image of a younger Queen Elizabeth II. During her reign, Buckingham Palace has released three official likenesses of Her Majesty Queen Elizabeth II. The second likeness grace the first three Lunar Series coins; the third release grace the coins dated 1999 through 2007.
Exciting Collector Coins
CMIGS sees the 1-oz Lunar Series gold coins as the most exciting gold coin investments available today: Genuine collector coins at bullion coin prices. Our promotion of the Gold Dragons popularized the Lunar Series in the U.S., and clients who years ago took our advice and bought Dragons have profited nicely.
By going with The Perth Mint Lunar Series 1-oz gold coins, bullion investors may profit two ways: One, by an increase in the price of gold; and two, by an increase in the premiums after the coins reach their production caps and become collector coins.
Besides 2007, other pig years are 1995, 1983, 1971, 1959, 1947, 1935, 1923, and 1911.
For a further discussion of the Lunar Series, visit out Perth Mint Lunar Series Overview. If you would like to discuss the year 2007 Gold Pigs, the Lunar Series, or any aspect of investing in gold, call us at 1-800-528-1380. We take call 7:00 a.m. to 5:00 p.m., Mondays through Fridays.