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Dragon Sales Soar !
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(10/11/11) Sales of the Perth Mint's Year of the Dragon 2012 gold issues have topped all previous Series II Lunar records, with the 1-ounce in short supply as all 30,000 pieces were sold out immediately, and fractional issues are selling strongly as well.
Say what you will about the design of the new Dragon in gold - some say a gekko comes to mind when contemplating the look of this less-than-heraldic issue - sales have been spectacular.

Our stock of the 1-ounce is down to some 100 pieces, and our initial 2-ounce allotment is now sold out. Although we hope to have more 2-ounce coins in stock in the next few weeks, the current dip in gold down from April's $1900+ level to the current mid-$1600 level has boosted sales of all sizes.

We expect to have more 2-ouncers, and are still awaiting our first shipment of ten-ounce and kilogram sizes in this keystone issue of the second Lunar Series of gold bullion coins.

The Perth Mint's decision to allocate Dragons according to a formula which reflects worldwide distribution patterns over the past few issues has meant that many more Dragons are going to Asian and European markets than to the US.

The silver Dragon issue of only 300,000 pieces of the 1-ounce size has sent premiums soaring on that issue also. Current appetite for modern silver issues has led to large premiums across a broad spectrum of 1-ounce coins issued over the past decade or so, including Pandas, Kookaburras, Koalas, and other of the silver bullion coins issued by various world mints.

We will showcase new sizes of gold Dragons as they arrive. As always, our policy is not to 'pre-sell' items that we do not have in stock or in transit to our vaults.

 

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