Author Topic: 2012 Chinese dragon coins are out  (Read 11959 times)

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Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #15 on: November 15, 2011, 04:43:06 PM »
Considering the 2000 gold is up around $9000 right now, I'd say xu hong's pricing is reasonable. I think either it is a little on the expensive side, or the 2000 is a little on the cheap side. I'm leaning towards the 2000 being too cheap.

I agree. To be frank, I expected 2012 to be more expensive, but around $2800 (3050 - 268 for silver) was a pleasant surprise. But when I compared mintages, I think 2000 at $7000 is more of a bargain in the long term.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #16 on: November 15, 2011, 04:52:02 PM »
Are the 2000's still available for only $7k? I haven't been paying attention, but if that price is really only $7k, that's a no-brainer. I guessed that $14k would be a hard ceiling for the coin to surpass, but popularity can do amazing things to the price of a coin, and the 2000 1/2 gold flower dragon has it.

$14k would be roughly double the $7k price. People tend to sell when they get double profits, so I suppose that's a good reason why $14k might be as high as it will go in the near future - but anything is possible with a popular coin.

Offline exchange

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Re: 2012 Chinese dragon coins are out
« Reply #17 on: November 15, 2011, 04:53:25 PM »
There are still 3 fan-shaped dragons available..

http://www.ebay.com/itm/New-2012-1oz-fan-shaped-silver-coin-lunar-animal-Dragon-/270853520917?pt=LH_DefaultDomain_0&hash=item3f1020be15#ht_1612wt_1161

I am sure Xu Hong will list more flowers tonight, but probably at higher price.

The silver fan series 2000 to 2011 can be acquired in OMP for about $4000. That seems to be a good price considering now the new 2012 fan is out. I purchased my set for $3000 early this year.

exchange
« Last Edit: November 15, 2011, 05:00:11 PM by exchange »

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #18 on: November 15, 2011, 04:53:30 PM »
Yes, last eBay auction for 2000 flower in NGC 69 went for approx 7k.

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #19 on: November 15, 2011, 05:04:54 PM »
So, the inevitable has happened! The 2012 Dragons are out and they have long been hailed as the panacea for the chinese market slowdown....it will be interesting to watch the fast-rise as it happens if indeed it happens!

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #20 on: November 15, 2011, 05:11:59 PM »
A watched pot never boils :)

Offline exchange

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Re: 2012 Chinese dragon coins are out
« Reply #21 on: November 15, 2011, 08:40:58 PM »
I found these new releases quite expensive considering their mintages.

http://www.ebay.com/itm/New-2012-1oz-silver-1-10oz-gold-coin-set-lunar-animal-Dragon-/270853836507?pt=LH_DefaultDomain_0&hash=item3f10258edb#ht_1774wt_955

New 2012 1oz silver & 1/10oz gold coin set --lunar animal Dragon $750.
Metal content $200 for both coins. Paying almost 4x spot for the 2012 releases with mintages at 200,000 and 120,000.

What can the upside potential be with such a high premium to begin with? Demand? maybe, but I'm not convinced. This may be a get in and get out quick kind of thing.

exchange



Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #22 on: November 15, 2011, 09:33:40 PM »
With the silver flower version costing only around $260, with a mintage of only 60k, I can see why it was the first one to sell out. I might buy that one, but not these high mintage gold ones.

Offline BobW

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Re: 2012 Chinese dragon coins are out
« Reply #23 on: November 15, 2011, 09:40:50 PM »
Seven more 2012 flowers available at $268.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #24 on: November 15, 2011, 09:52:31 PM »
3 of them are sold already.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #25 on: November 16, 2011, 03:39:06 AM »
Now all 7 of them are gone. But, it looks like Xu Hong upped the number available so he wouldn't have to keep relisting coins.

Offline dobedo

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Re: 2012 Chinese dragon coins are out
« Reply #26 on: November 16, 2011, 09:48:25 AM »
Worry not, 60K is more than plenty to go around for all of us. Look at the Australian 2012 Dragon 1oz silver - it went from around $150 to $80 in less than 2 months. Cheers!

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #27 on: November 16, 2011, 02:16:54 PM »
Look at the Australian 2012 Dragon 1oz silver - it went from around $150 to $80 in less than 2 months. Cheers!

Yes dobedo you are right and not to mention every large dealer is overflowing with these Australian Dragons right now so they don’t seem to be selling very well.

I would think the Chinese Lunars are infinitely more highly sought than Australian Lunars so I would imagine with a 60,000 mintage they will not be as readily available as the Australian Dragons or is this not an accurate assumption?
 
 

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #28 on: November 16, 2011, 02:20:27 PM »
Australian Dragon in 1 oz Silver BU has unlimited mintage. Also, they have a very high overseas sale allocation. I suspect most of the Chinese Dragon Silver coins are meant for domestic consumption, since this is the first time Chinese people will be able to buy new issue dragon coins freely directly from mint or authorized sources.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #29 on: November 16, 2011, 02:26:14 PM »
Australian Dragon in 1 oz Silver BU has unlimited mintage. Also, they have a very high overseas sale allocation. I suspect most of the Chinese Dragon Silver coins are meant for domestic consumption, since this is the first time Chinese people will be able to buy new issue dragon coins freely directly from mint or authorized sources.
thanks pandora and I guess I am wrong but I thought the mintage of 1 oz Aussie Dragons was 300,000 ?