Australian Perth Mint Collector Coins
The 2006 1-oz Gold Dog was the penultimate coin in The Perth Mint’s Lunar Series I. The Dog offered gold bullion coin investors the opportunity to buy collector coins at bullion coin prices.
By comparison, the US Mint’s 1-oz Gold Eagle and the 2006 Gold Dog contain exactly one ounce of gold each. However, Gold Eagles are unlimited production coins with little coin collector appeal and are unlikely to ever achieve premiums much higher than when released by the US Mint. In contrast, only 30,000 1-oz Gold Dogs were produced and now generally carry a higher premium (markup over the value of the gold content) than the 1-oz Gold Eagles.
Another difference: 1-oz Gold Dogs are part of The Perth Mint Lunar Series, which The Perth Mint aimed 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. Because only 30,000 2006-dated Gold Dogs were minted, it is possible that they will pick up collector premiums as have other coins in Lunar Series I, most notably the 2000 Dragons.
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 12-coin Lunar Series I.
CMIGS sees the 1-oz Lunar Series gold coins as the exciting gold coin investments when they can be bought at bullion coin premiums. Our promotion of the 2000 year Gold Dragons popularized the Lunar Series in the U.S., and investors who 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 as the Series becomes more popular with collectors.
Besides 2006, other dog years are 1994, 1982, 1970, 1958, 1946, 1934, 1922, and 1910.
For a further discussion of the Lunar Series, visit our 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.