Gold Dogs
Australian Perth Mint Collector Coins
Perth Mint Gold Dogs, the penultimate coin in The Perth Mint Lunar Series, offer gold bullion coin investors alternatives to 1-oz Gold Eagles, which are the world's best selling gold bullion coins. Both coins contain exactly one ounce of gold, and they sell at the same price. However, Gold Eagles are unlimited production coins and have little coin collector appeal. In contrast, only 30,000 1-oz Gold Dogs will be produced.
Another difference: 1-oz Gold Dogs are part of The Perth Mint Lunar Series, which The Perth Mint aims at the gold coin collector market. Gold Dogs-as do the other coins in The Perth Mint Lunar Series-appeal to coin collectors as well as gold bullion investors looking for diversification in their gold coin investments. Gold Eagles are strictly bullion coins, with only their dates changing from year to year.
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, it is likely that the 1-oz Gold Dogs will 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. The 1-oz Gold Dragons and 1-oz Gold Horses carry big premiums in the secondary market while the 1-oz Gold Snakes carry smaller premiums.
All the gold coins in the Lunar Series are minted of .9999 fine gold, and each coin comes individually encapsulated in plastic protective capsules. Gold Dogs are the eleventh coin in the Lunar Series and have been very well received by coin collectors. The popularity of 1-oz Gold Dogs stems a great deal for the popularity of the dog, often called "man's best friend."
To further increase interest in the Lunar Series, The Perth Mint is meeting the U.S. Mint's prices on Gold Eagles. (The other Lunar Series coins not yet sold out carry small premiums over Gold Dogs and Gold Eagles.) The Perth Mint did the same with the three 1-oz gold coins that have reached their production cap. This marketing move will, most likely, result in the 1-oz Gold Dogs selling out and achieving coin collector status.
CMIGS sees the 1-oz Lunar Series gold coins as the most exciting gold coin investments available today. 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 2006 Gold Dogs, gold bullion coin 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.
If the Gold Dogs develop no premiums, which is highly unlikely, then buyers still will have 1-oz gold coins from one of the world's most prestigious government mints. (Unlimited production gold bullion coins rarely pick up coin collector premiums.)
Besides 2006, other dog years are 1994, 1982, 1970, 1958, 1946, 1934, 1922, and 1910.
For a further discussion of the Lunar Series, visit out Perth Mint Lunar Series Overview. If you would like to discuss the Gold Dogs, 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.
