2002 Perth Mint Gold Horses
Year 2002 Gold Horses are the seventh coin in The Australian Perth Mint Lunar Series of collectible coins. All the gold coins in the Lunar Series are .9999 fine gold, and each coin comes individually encapsulated in plastic protective capsules. Although the Lunar Series is aimed at the collectible market, gold bullion investors should read this page to learn how they can profit two ways by investing in the Lunar Series 1-oz gold coins.
The 1-oz Lunar Series coins are limited production coins, and in the 1-oz Gold Horses became the second coin in the Lunar Series to reach the production cap of 30,000 coins. (The year 2000 1-oz Gold Dragon was the first coin in the Lunar Series to sell out.) Immediately on selling out, 1-oz Gold Horses picked up small collectible premiums over the 1-oz Lunar Series goldcoins that have not yet sold out. In late 2005, 1-oz Perth Mint Gold Horses tacked on large collectible premiums when wholesalers sold their final inventories.
Now, both the 1-oz Gold Dragons and the 1-oz Gold Horses sell at big premiums in the collectible market. The 1-oz gold coins in the Australian Perth Mint Lunar Series have become some of the hottest collectible coins to hit the market in decades. 1-oz Gold Horses are likely to become highly sought-after coins, second only to the 1-oz Gold Dragons, for a number of reasons.
One, the horse is the second most popular animal in the Lunar Calendar. Two, the horse is a favorite animal in the Western World. This is especially true in the United States, where Americans have been brought up on Western movies and where thousands of Americans keep horses for enjoyment. Additionally, horse racing is one of the most popular spectator sports in the Western World.
Because 1-oz Gold Horses now carry hefty premiums, CMIGS recommends that gold bullion coin investors go with the year 2001 Gold Snakes, which can be bought at the same price as the American Gold Eagles. However, coin collectors wanting to add collectible 1-oz Gold Horse coins to their collections will have to pay the premiums. With only 30,000 coins having been minted, it is likely that 1-oz Gold Horses will continue to carry big premiums.
Some gold bullion investors say no to the Australian Perth Mint Lunar Series, saying that they are not interested in collectible coins. In doing so, however, bullion investors overlook the fact that by going with 1-oz Lunar Series gold coins they can profit two ways. One, by an increase in the price of gold. Two, by increases in the premiums after the coins reach their production caps. For a further discussion of The Perth Mint’s Lunar Series, read our Perth Mint Lunar Series Overview.
Besides 2002, other Horse years include 1990, 1978, 1966, 1954, 1942, 1930, 1918, and 1906.