Tuesday, July 31, 2012

2012 Australian Olympic Team 10g Gold Proof Coin - Perth Mint Australia Gold


2012 Australian Olympic Team 10g Gold Proof Coin at The Perth Mint, featuring:
  • Proof Quality 99.99% Pure Gold
  • Extremely Limited Mintage – 2,012
  • Australian Legal Tender
  • Presentation Packaging
  • Numbered Certificate of Authenticity
  • Available Individually or in a Three-Coin Set
  • Authorised by the Australian Olympic Committee
From the awe inspiring opening ceremony to the sheer excitement of the competition, the London 2012 Olympic Games will feature thousands of athletes, 26 sports and 205 participating countries.
As the Olympic torch is lit, so will it ignite the hopes of all Australians, to hear again the famous words uttered by Norman May, “Gold! Gold to Australia! Gold!

Proof Quality 99.99% Pure Gold

The coin is struck by The Perth Mint from 10g of 99.99% pure gold in proof quality.

Original Reverse Design

The coin’s reverse portrays an Olympic athlete, holding the Australian flag aloft and standing on a podium. The design includes the Official Team logo, the inscriptions 2012 AUSTRALIAN OLYMPIC TEAM and GOLD! GOLD TO AUSTRALIA! GOLD!

Extremely Limited Mintage

No more than 2,012 coins will be issued by The Perth Mint.

Australian Legal Tender

Issued as Australian legal tender, the coin's obverse bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination.

Presentation Packaging and Certificate of Authenticity

The coin is presented in a display case with a themed, souvenir shipper and accompanied by a numbered Certificate of Authenticity.

Monday, July 30, 2012

Commodities Australia: Iron-Ore Price Floor Could Be Flawed Thinking

The words “floor” and “flaw” sound identical to the human ear, but their meanings could not be more different as far as Australia's multi-billion dollar iron ore industry is concerned.

The iron ore sector will have one of its most widely-accepted truisms tested in coming days as the benchmark price for the bulk commodity sinks to levels that are widely considered to be its “floor”.
And the stakes couldn't be higher if that floor turns out to be a flawed assumption that has underpinned the entire industry for years.

Companies, investment banks, governments and anyone else with an interest in the sector have long worked to the assumption that there is a floor beneath the benchmark iron ore price somewhere around $US110 per tonne.

Gina Rinehart has been allowed to import more than 1700 foreign workers to help build a massive iron ore project in Western Australia.
Falling iron ore prices are testing some of the accepted wisdom about the bulk commodity. Photo: Reuters


The words “floor” and “flaw” sound identical to the human ear, but their meanings could not be more different as far as Australia's multi-billion dollar iron ore industry is concerned.

The iron ore sector will have one of its most widely-accepted truisms tested in coming days as the benchmark price for the bulk commodity sinks to levels that are widely considered to be its “floor”.
And the stakes couldn't be higher if that floor turns out to be a flawed assumption that has underpinned the entire industry for years.

Companies, investment banks, governments and anyone else with an interest in the sector have long worked to the assumption that there is a floor beneath the benchmark iron ore price somewhere around $US110 per tonne.

This price range is where a large number of high-cost Chinese iron ore producers are believed to have their financial threshold: meaning they would become uneconomic and go out of business should the price fall below $US110 per tonne for a sustained period.

These producers are believed to supply about 30 per cent of China's iron ore needs, so if the theory is correct, a dip below that floor price could leave China's steel producers without a decent proportion of their prime ingredient.

The floor theory is hard to prove from this distance, but it has become an article of faith for the iron ore industry and the banks, all of whom have sophisticated intelligence networks.

The theory has also been supported by correlative evidence in recent times, most notably in October 2011, when a major slide in the iron ore price was finally arrested around $US116 per tonne, from where it immediately soared higher.

Just last week HSBC published an interesting report on this topic. They suggested that the floor might be even higher than first thought.

“This year has been a test of the thesis that Chinese high-cost iron ore supports the iron ore price … prices have largely held above $US130 per tonne, indicating that the size or cost of low-grade Chinese ore might be larger than expected,” the bank wrote.

“We continue to believe that around one third of Chinese domestic iron ore production is very low grade with a cash cost of production of approximately $US120 to $US130 per tonne.”
But now the floor is being tested once more.

The benchmark iron ore price has been sliding for two weeks now, and in the past 24 hours it slipped to $US118 per tonne.

Some might suggest that slip already disproves HSBC's theory, but such a judgement would be premature: the lower level would need to be sustained for some period to disprove HSBC's view.
But what is certain is that the price movements in coming days and weeks will be keenly watched by a sector that would have to rethink its approach to business should the floor theory be disproved.

Australian companies with the most exposure to the iron ore price include the pure-plays like Fortescue Metals Group and Atlas Iron, both of which have been savagely sold down in recent times.
Atlas shares have lost 20 per cent of their value in the past three weeks, and at $1.63 the stock is a shadow of the $4.21 it was fetching one year ago.

Fortescue has also shed 20 per cent of its value in the past month, and more than a third of its value over the past year.

That's music to the ears of Fortescue's army of short-sellers, who have been inspired by the opinions of American short-seller Jim Chanos.

Fortescue has the added worry of needing the iron ore price to stay strong to service its $9 billion in debt.

None of the analysts from the major investment banks expect Fortescue to have a problem meeting its debt repayments, but all of those analysts subscribe to the theory that there is a floor beneath the iron ore price.

They, like most people in the mining sector, will be hoping the floor theory does not turn out to be a case of flawed thinking.

Thursday, July 26, 2012

2011 Silver Canadian Grizzly Bear One Ounce 9999 Pure

These magnificent new silver bullion coins are an extension of the Royal Canadian Mint Silver Maple Leaf Program.

This is the second coin in a 6-coin series being released over the next 3 years; Each new coin will have a wildlife theme.

The Grizzly Bear design by Senior Mint Engraver William Woodruff depicts a growling Grizzly Bear alongside water with magnificent wildlife scenery behind it.

The maximum mintage is 1 million coins making them 30 more rare than an American silver eagle. They are more pure than an eagle at .9999 fine silver and have a legal tender face value 5 times than an silver eagle. These coins are in high demand with bullion buyers and collectors worldwide.

Wednesday, July 25, 2012

Building a Mining Company with Amir Adnani, Founder of Brazil Resources TSXV:BRI



Discussion about building a Mining Company with Amir Adnani, Chairman & Founder of Brazil Resources TSXV:BRI

Australia Silver: Bron Suchecki of the Perth Mint – Expect Precious Metals Shortages During The Next Crisis


Bron Suchecki, who’s in charge of strategy for the famed Perth Mint, is warning all precious metals investors that the next crisis will lead to heightened precious metals demand so expect shortages and mint rationing.

This is exactly what happened in 2008, and the next crisis could very well be worse. Interestingly, the shortages emerged not from a shortage of raw materials, but due to a lack of fabrication capacity.

The blanks or planchets that are required to stamp coins are in limited supply. There aren’t a lot of producers around the world, and they have been knwon to invest large amounts of capital towards ramping up production. This is due to the market’s unpredicatable demand curve and the high costs of expansion.

The result is that the distribution system works great in times of regular demand, but it quickly breaks down when demand spikes. Remember, we told you it was coming.


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Tuesday, July 24, 2012

2012 Crux Southern Sky $5 Silver Proof Colour Printed Domed Coin - Royal Australian Mint

The Crux constellation, otherwise known as the Southern Cross, is among the smallest and brightest of the eighty eight modern constellations.

One of the most visible features of the southern night sky, its name is the Latin word for cross as it is predominantly a cross-shaped cluster. Its famous shape now adorns Australia's first domed coin, crafted by the Royal Australian Mint.

This innovative dome-shaped coin is packaged in a presentation tin. The insert for the case has been designed in such a way that the coin can be presented standing upright for all to see.

Monday, July 23, 2012

Melbourne ANDA Coin Show Special – Australian Lunar Series II – 2012 Year of the Dragon 1oz Silver Coloured Edition


The Melbourne ANDA Coin Show Special – Australian Lunar Series II – 2012 Year of the Dragon 1oz Silver Coloured Edition - The Perth Mint Australia featuring:
  • Specimen Quality 99.9% Pure Silver
  • Coloured Reverse Design
  • Extremely Limited Edition – 5,000
  • Australian Legal Tender
  • Melbourne ANDA Coin Show Packaging
The 2012 Melbourne ANDA Coin Show Special features the spectacular Year of the Dragon 1oz Silver Coloured Coin.

Embracing this year’s fantastic design from the Australian Lunar Silver Coin Series II, this coin celebrates the dragon, the fifth of the twelve animals associated with the ancient Chinese Lunar Calendar. The coin is pad printed in yellow, one of the nine auspicious colours featured on the Nine Dragon Wall in China.

In Chinese culture, people born in the Year of the Dragon – 1916, 1928, 1940, 1952, 1964, 1976, 1988, 2000 and 2012 – are regarded as confident, enterprising, independent, self-assured, brave and passionate.

Specimen Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1oz of 99.9% pure silver in specimen quality.

Coloured Reverse Design

The coin’s reverse depicts a yellow dragon with purple detailing and a representation of a ‘pearl of wisdom’. The Chinese character for ‘dragon’ and the inscription YEAR OF THE DRAGON also appear in the design with The Perth Mint’s traditional ‘P’ mintmark.

Extremely Limited Mintage

Only 5,000 coins will be released by The Perth Mint.

Australian Legal Tender

Issued as Australian legal tender, the obverse of the coin bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination.

ANDA Presentation Packaging

Accompanied by a numbered Certificate of Authenticity, the coin is housed in a display case and wonderfully illustrated shipper featuring the ANDA logo alongside the dates of the Melbourne show.

2012 Kangaroo at Sunset - One Ounce Silver Proof Coin


The contemporary design of the Kangaroo at Sunset coin has made it one of the most sought-after collector pieces from the Royal Australian Mint. Reproduced on this fine silver $1 coin, the image of a lone kangaroo bounding across the plains against a setting sun is one that is truly Australian.

The reverse design was created by award-winning Mint sculptor Wojciech Pietranik and captures the spirit of Australia. The obverse features Ian Rank Broadley's effigy of Her Majesty Queen Elizabeth II accompanied by the $1 denomination.

With a mintage of 5000 this coin is a must for collectors of previous releases of the silver Kangaroo at Sunset coin.

End of Australia's Mining Boom Inevitable: Hockey


Opposition treasury spokesman Joe Hockey has described the federal government's forecast budget surplus as smoke and mirrors after a new report tipping the end of the mining boom.

A Deloitte Access Economics report says Australia's mining boom is about to peak and an economic slowdown is inevitable.

Mr Hockey says the report confirms the coalition's criticism of the government's economic management.

"The government has built a budget that is wholly captive to the mining boom and the taxes to be collected from mining taxes," he told reporters in Sydney on Monday.

"Now it's apparent the budget is unravelling because it was built on smoke and mirrors."
The shadow treasurer said the government had failed to address the inevitable economic downturn that followed an economic peak.

"Every boom ends, otherwise it wouldn't be a boom," Mr Hockey said.

"When the mining boom sneezes, the budget gets pneumonia."

The coalition said the government now needed to explain how it would scramble back to a forecast $1.5 billion budget surplus for 2012/13.

"I'm calling on the government to come clean about what taxes and what levies it will introduce to try and make up for the budget black hole," Mr Hockey said.

Sunday, July 22, 2012

Allocated Bullion Storage: Do You Really Own the Bullion?

Worldwide economic uncertainty has created a growing interest in precious metals as a way to preserve wealth. Today, global risks for investors include currency devaluation, sovereign debt defaults, bond market collapses and stock market losses, all underpinned by ever-increasing government debt.

For protection from impending economic Armageddon, investors are turning in increasing numbers to the traditional safe haven of precious metals. Unfortunately, many today don't know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn't purchase any bullion at all.

This increased interest in precious metals as portfolio insurance has spawned a new generation of precious metals-based financial products, many of which are paper proxies or derivatives of bullion. There are even unregulated markets for the exchange of "digital gold."


A clear case for transparency

In 2007, former Bank of Canada Governor David Dodge gave a speech entitled "A Clear Case for Transparency" to the Canada-UK Chamber of Commerce. "...[I]investors will have to take on more responsibility for diligent research," he said, "so that they can better understand the nature of their investments and demand greater transparency where it is now lacking ... they must do their own homework and make a concerted effort to understand what they are buying."

Most investors do not read the fine print of the agreements they sign with respect to financial investments; they make assumptions, but do not definitively know if they own actual bullion. Some are attracted to certain bullion investments because of low premiums and low storage fees, but when was the last time Wall Street and the major banks gave the investing public a deal?

Investors who don't do their homework may be dismayed to find that their safe haven asset has proved to be anything but. These same people perform rigorous due diligence when purchasing a home, car or boat, demanding that they have clear legal title to the asset in question. The same attention to detail must be paid when investing in bullion.

The most important concept to understand is that a financial institution CAN sell an investor's bullion if the agreement states that it can. Banks are not raiding allocated accounts; rather, they are following the provisions of the contract, in which the bullion is not allocated despite an investor's assumptions.
There does appear to be cause for concern regarding the transparency of bullion products. As reported by the economic news website ZeroHedge, financial services giant Morgan Stanley paid out $4.4 million in June 2007 to settle a class action lawsuit brought by clients after the firm charged them to "buy and store" precious metals, but did neither .

Similarly, a class action lawsuit filed in New York's federal court accuses UBS Financial Services of misleading silver investors, and charging them storage fees for metals that were never purchased, let alone allocated or stored for them.

A larger problem has been brewing for several years now, that of exchange-traded funds (ETFs). These are generally viewed as a low-cost panacea that replaces almost any investment strategy, including the purchase of gold bullion, and they are giving investors a false sense of security.


False sense of security for ETF investors


ETFs started as equity index vehicles, in which brokers acting as Authorized Participants borrowed shares from institutions, hedge funds, mutual funds or their clients' margin accounts to contribute to the Origination Basket of shares. They received ETF shares at Net Asset Value (NAV) in exchange, and sold them to investors at NAV - keeping all of the money. This is standard practice, as brokers have always been able to borrow shares from clients' margin accounts for the purpose of shorting or for lending to other brokers.

Essentially, many ETFs hold assets that have been borrowed. Because there are no specific prohibitions to prevent the same practice from being used in precious metals ETFs, the same methodology is likely being used. Many investors are attracted by the low management fees offered by precious metals ETFs, but few understand the problems that may arise when more than one person has claim to the same asset.


ETF-based financial crisis could make 2008 look like child's play


This ETF structure will work during normal market conditions. However, it may result in losses and disputes if the Authorized Participants, acting as market makers, become insolvent or step aside during a precipitous decline. If a bank or brokerage firm becomes an insolvent Authorized Participant, either the lender of the assets or the ETF shareholders will suffer losses. During a market crash, existing holders may be unable to sell their ETF shares. Although this possibility was considered remote when ETFs were created, the recent and recurring failures of banks and brokerage firms make these concerns far more real .
The bottom line on ETFs is that they are tracking vehicles with multiple claims/counterparty risks on their assets as well as their shares. As debt-based stress on the global financial system continues to build, the flash-crash of 2010 may well have foreshadowed an ETF-based financial crisis that will make the subprime mortgage crisis of 2008 look like child's play.


Own bullion with clear title


When we at Bullion Management Group sit down with clients seeking to own bullion, we present them with our Precious Metals Pyramid Chart. Moving up the pyramid increases risk; moving down the pyramid increases safety. A portfolio's foundation should consist of physical bullion owned outright. 
Farther up the pyramid are proxies of bullion in one form or another that are more risky and often less liquid; in other words, the opposite of a safe haven asset you can count on in times of financial stress. Bullion should always meet two criteria: It should not be someone else's liability, and it should not be someone else's promise of performance.


To establish a physical bullion portfolio foundation with metals that are stored on an allocated and insured basis, one that will protect against what could be called ethical mayhem in today's financial sector, investors must, as Governor Dodge advised, make a concerted effort to understand what they are buying. While reading legal documents and prospectuses is tedious, the truth is in the fine print and investors must do their own due diligence, and beware of complex investment structures.


Demand documentation that transfers title directly to the purchaser

For a bullion product, be it a fund or actual bullion bars, to earn its place as the foundation of a portfolio, the bullion purchaser must demand documentation that legally transfers title of specific, physical bars directly to them. Do not accept IOUs, paper proxies or derivatives. It is important to read the purchase documents carefully to ensure they convey legal title. Only after the purchaser has legal title can they enter into a binding custody agreement for bullion storage on an allocated, insured basis. In that agreement, the purchaser must be able to identify all terms and rights concerning insurance and secure, allocated storage.

Proper insurance and allocated storage in a credible, guarded vault costs money, so steer clear of bullion products promising low fees. If the deal appears too good to be true, the physical bullion may not exist. 
What the investor may have is paper bullion that will not offer protection when it is most needed; they may simply be an unsecured creditor of the dealer. It is hardly prudent to be tempted by low storage fees that will save a fraction of a percentage point while risking an entire bullion holding. Short cuts and penny pinching are inadvisable strategies for any asset intended as an ultimate safe haven of wealth protection.


Home storage not worth the risk of invasion or physical assault


Many people think that storing their bullion at home is a good way to economize on physical bullion storage fees, but be aware that any sizable amount of home-stored bullion will not be covered by a household insurance policy.

Keeping a modest--and secret--stash of small-denomination gold or silver for barter purposes is recommended in the event that ATM machines aren't working, or a 'bank holiday' is announced. This may seem like an excess of caution until you consider that, earlier this year, the Bank of Italy authorized the suspension of payments by Bank Network Investments Spa (BNI) without first advising depositors .
Unless absolute secrecy is maintained, home storage means putting yourself and your family at risk of a home invasion. There has been an increase of home invasions in England during Asian wedding season, when gold gifts are stored in homes, and street gangs and professional thieves are only too happy to relieve people of their precious metals .
Even in peace-loving Canada, a British Columbia man lost his life savings of $750,000 in silver bars to knife-and-gun wielding thugs who arrived at his door disguised as police officers. When he let them in, the 'officers' forced him to open his vault and stole the silver . For any sizable amount of bullion, home storage is clearly not worth the risk.

Many precious metals dealers do not trust banks for storage, and prefer private vault facilities. They may rethink this approach on reviewing a British case where authorities raided three private safe deposit box centres, and opened 6,717 private boxes . The owners of the boxes were required to provide proof of the contents of their box before their possessions were returned. 
Most could not do so, and much of the cash involved went missing while other items are in dispute. The ensuing litigation will likely last for decades; in the meantime, those who stored bullion in their boxes have been relieved of their metal, and may only receive compensation in the amount of the value of the bullion at the time of the raid.

Another consideration is that safe deposit box contents cannot be insured, and there is no proof that anything is actually in the box. Investors who are still interested in private vaults or safe deposit box centres should perform due diligence on the financial condition of the operator and the owner of the vault, since stored assets may be at risk in the case of a private vault's insolvency.

Storing bullion at home, in a safe deposit box or in a private vault is another form of false economy, wherein investors put their safe haven asset at risk to save a small amount in storage fees.


LBMA bullion in LBMA member vaults


Another important aspect of due diligence for a proper foundation of wealth preservation is the assurance that your bullion is in the form of Good Delivery bars, and stored in the vault of a London Bullion Market Association (LBMA) member.

The LBMA is a wholesale, over-the-counter market for trading gold and silver. Its members include the majority of the bullion banks that hold gold, plus producers, refiners, fabricators and other traders throughout the world.

The reason for insisting on LBMA bullion is that it assures the purchaser of the quality and fineness of the bars. Once gold is outside a chain of integrity such as that of the LBMA, it may need to be re-assayed before it can be sold. This prevents gold-plated Tungsten bars from entering the chain of integrity. 
Re-assaying is time consuming, engenders extra cost and once again defeats the purpose of a safe haven store of wealth that offers efficient liquidity.
We constantly hear stories of discount bullion, or bullion sold at no premium to the spot price. The likelihood that this is pure bullion from an ethical source is slight to none.


In case of fire, you need an extinguisher, not a picture of one


Bullion demand is clearly growing as both sovereign nations and the world's largest financial institutions buckle under the burden of unserviceable debt, leaving helicopter-loads of new money printing and associated currency devaluation as the only way out.

Investors can protect their portfolios by purchasing physical bullion. Just as with any large asset purchase, demand documentation that confers legal title to the bullion you are purchasing, review a written custodial agreement that specifies insured, allocated storage without giving the custodian the right to deal with the bullion in any way, and insist on Good Delivery bars.

When the next financial firestorm erupts, you need real, physical bullion and not a paper proxy; just as in a fire you need a real fire extinguisher, not a picture of one.

Saturday, July 21, 2012

2012 Britannia Silver One Ounce Fine Silver Bullion Coin

The Royal Mint is delighted to confirm that the 2012 Britannia Silver Bullion coin, in honor of the Queen's Diamond Jubilee for 2012, will feature Philip Nathan’s original, breathtaking portrait of Britannia on the reverse. This famed design has been chosen for 2012 to celebrate the Queen’s Diamond Jubilee.

Philip Nathan’s design is beautifully complemented by the current portrait of the Queen by Ian Rank-Broadley FRBS on the obverse.

In keeping with tradition that dates back to the late 17th Century, the 2012 £2 Silver Britannia is struck in the Britannia standard of silver 0.958 Ag.

Obverse Design

The obverse of the 2012 Britannia range bears the current portrait of the Queen by Ian Rank-Broadley FRBS.

Reverse Design

The 2012 coin reverse features Philip Nathan’s original, breathtaking portrait of Britannia framed in the crenallated border peculiar to Britannia coins.

Britannia; An Enduring Icon of Britain

The figure of a woman, called Britannia, has long been a symbol of British national pride. She first appeared on British coins in the seventeenth century and has subsequently graced the coinage of every monarch to the present day.

She made her debut on the coins of the Romans and has, from Tudor times, beautifully symbolized an empire based on maritime power. Great and free, she has fascinated artists and sculptors throughout her history and remains a favourite icon for British stamps, medals and coins.

In 1696 the Britannia standard of silver was introduced as part of the recoinage of William III in an attempt to limit the clipping and melting of sterling silver coins, it being reasoned that there would be little incentive to melt sterling silver when a higher standard was used for wrought plate.

By the time the Queen came to the throne in 1952, Britannia had assumed the status of an immortal, having featured on British coinage for almost 300 years. In 1987 she was elevated to the new gold bullion coinage and today appears on the highest value coins of the realm. The silver version was launched during 1997.

Friday, July 20, 2012

2012 Year of the Dragon Coin with Bavarian Lion Privy 1oz Silver Bullion Coin

These Silver 1 oz Dragons are true treasures: crafted to perfection and boasting an image of the most sought-after sign of the Chinese Zodiac with an exclusive privy mark of the majestic Bavarian Lion.

2012 1oz Silver Lunar Dragons have a limited mintage and are retailing anywhere from $75-$125. These limited edition privy Lunar Dragons have a much lower mintage capped at 200,000 units worldwide and offer an even more attractive opportunity for capital appreciation.

The Perth Mint is world renowned for its superior minting technology, and creative handcrafted designs. Custom-minted and selling out fast, these coins are a prized item in any collection.

Available this year only. Get them today or wait another 12 years for the next Year of the Dragon!

Details:

Metal Content (Troy oz)1.0
Fineness (% purity)99.90
Minimum Gross Weight (g)31.135
Monetary Denomination (AUD)1.00

The Perth Mint 2012 Year of the Dragon (Lion Privy) 1oz silver bullion coin comes encapsulated

Mintage: Just Two Million of these Limited Lion privy bullion coins were minted.

Wombat 2012 Opal series 1oz Silver Proof Coin - Perth Mint Australia


The Wombat 2012 1oz Silver Proof Coin fromThe Perth Mint features:
  • New and Innovative Coin Design
  • Authentic Australian Opal
  • Proof Quality 99.9% Pure Silver
  • Limited Mintage – 8,000
  • Australian Legal Tender
  • Numbered Certificate of Authenticity
  • Beautiful Presentation Packaging
  • Second of New Series Featuring Australia's Wombat
The second release in this stunning new series depicts the Wombat, An animal native to Australia

Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1oz of 99.9% pure silver in proof quality.


New and Innovative Coin Design

The coin’s reverse incorporates an inner panel design of a koala in a gum tree, detailed in pure Australian opal. The outer panel of the coin depicts Eucalypt leaves and blossoms, a new moon and the Southern Cross – a renowned star group which is only visible in the Southern hemisphere.


Extremely Limited Mintage

No more than 8,000 of these coins will be issued by The Perth Mint.


Australian Legal Tender

Issued as Australian legal tender, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the year-date and the monetary denomination.


Numbered Certificate of Authenticity

The coin is accompanied by a numbered Certificate of Authenticity.


Beautiful Presentation Packaging

Presented in a prestigious display case, a light turns on as you open the case, highlighting the opal design and symbolising moonlight, shining down on the nocturnal Wombat


About this Set:

This stunning new coin program is inspired by many of Australia’s famous animals and will feature eight coins in total, with two releases each year. These unique creatures are nocturnal, which prompted the final spectacular designs.

Each coin in this very limited mintage series is struck by The Perth Mint from 1oz of 99.9% pure silver in proof quality and comes presented in a prestigious display case with a light that turns on as you open the case, highlighting the opal design and symbolising moonlight.

Emu 2012 Australia Shaped 1oz Silver Proof Coin - Perth Mint Australia

Struck from 1oz of 99.9% pure silver, a limited worldwide mintage of only 6,000 coins has been applied. As with all our coins, presentation is paramount. This release comes in a display case and colourful, themed shipper with numbered Certificate of Authenticity.


Emu 2012 1oz Silver Coin from The Perth Mint, featuring:
  • Innovative New Shape
  • 99.9% Pure Silver
  • Limited Mintage – 6,000
  • Australian Legal Tender
  • Presentation Packaging
  • Numbered Certificate of Authenticity
  • First Coin in Series

99.9% Pure Silver

The coin is struck by The Perth Mint from 99.9% pure silver in the distinctive shape of Australia.

Unique Coloured Design

The coin’s coloured reverse depicts a kookaburra resting on a fence, against the background of a bush scene. The inscription EMU also appears in the design with The Perth Mint’s traditional ‘P’ mintmark and year-date.

Limited Mintage

No more than 6,000 of these coins will be issued worldwide.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination are depicted on the coin’s obverse.

Presentation Packaging

Accompanied by a numbered Certificate of Authenticity, the coin is housed in a display case and custom-designed shipper.

Tuesday, July 17, 2012

The Physical Silver Market Is Getting Dangerously Tight

With continued volatility in global stock markets, and gold staging a big rally off of the lows, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN that when it comes to silver, “there is the strong case for some very substantial upside.”

Rule, who is now part of Sprott Asset Management, discussed silver and gold at length.  He also talked about the problems the world currently faces.  But first, here is what Rule had to say about Sprott’s very successful offering in the Sprott Physical Silver Trust: “I think it’s evidence of two things:  One, we felt we had reasonably good chances of buying the silver if we raised the money.  Second, this points to the continuing strength of the high end retail investment market for silver in North America.”

“The offering was well received.  It was sold out, including the green shoe (over-allotment).  This is also evidence of the fact that while some of the more leveraged institutions have been forced sellers of silver, there is still very strong high end retail demand.  These are individuals who don’t feel financial stress, and who feel better owning physical silver.

I think this is the kind of thing you will see Sprott do, from time to time, when there is demand in the market, and also when supplies can meet that demand.  As you know, with regards to the Sprott Trust, unlike some of the ETF’s, we own physically our silver.  There are no deposit receipts and our silver is never hypothecated.

Although supplies might be adequate for us to buy that silver, the fact is that the physical market continues to get tighter....

“Eric Sprott has pointed out that on a daily basis, the paper markets (futures markets) in silver trade about 100 million ounces, while the physical market produces less than 3 million ounces each day.  That’s an indicated 97 million ounce shortfall on a daily trading basis.

I would also like to add that 90 to 120 days ago, Eric Sprott was saying to me that the amount of silver available for good delivery, on the various metals exchanges in the world, was about 40 million ounces.  So if you think about the fact that there were 40 million ounces available for good delivery, but 100 million ounces a day are traded, this would suggest that all of the available silver was traded before lunchtime.

I would also say that if this market begins to move to the upside, it would appear from the disparity of silver available to trade and the amount that actually does trade, that there is the strong case for some very substantial upside.”

Rule had this to say regarding gold:  “I think it’s interesting that we have had a shift in gold, and I would suspect that shift has been from institutional investors and momentum oriented ETF’s, again, in favor of private buyers.  The indications are that the private buyers were, in substantial measure, Chinese and Indian individuals.

You will recall that the Indian government put an excise tax in place against gold, in an attempt to try to decrease internal demand for gold, and also to increase the rupee.  That attempt was markedly unsuccessful and extraordinarily unpopular in India.

As that tax was repealed, the traditional Indian demand for gold has increased.  I think that’s been part the relative strength, and the apparent basing in the gold market.”

Rule also warned: “I think the really big problem that we face, Eric, is that our political response to what is obviously a solvency crisis, meaning Western governments owe more than they can service, but the political response to a solvency crisis has been liquidity.  We aren’t in a liquidity crisis.

The banks, in the short-term, are awash in cash.  And people who are looking to borrow money for the very short-term are awash in cash.  The difficulty isn’t liquidity, it’s solvency.  The idea that you solve a liquidity crisis by blowing up balance sheets and encouraging people to take on more short-term debt doesn’t seem to be very intelligent to me.

I think that we need a reckoning.  Hopefully we have a slow reckoning.  But we need to deal with the fact that we owe more money than we can service, and that we have been consuming more than we have been producing.  Until we recognize the nature of our problem, I don’t think we will be able to deal with it.”

Sunday, July 15, 2012

Silver Market Despondant?



Silver News Update

'We're Gonna See the Price of SILVER With a Zero Behind It' ...$250, $350, $450

in-depth interview with Jeff Nielson. Jeff and I cover the latest criminal exploits of the Bankster cartel, and Jeff says as this paper charade melts down, we will see the price of silver with a ZERO behind it. For you home gamers, that's a multiple of 10 times the current price.



Saturday, July 14, 2012

ARABIC DANCE - Magic Of The Dance Belly Silver Coin Belarus 2011


First coin of the series "Magic of the Dance" dedicated to the dances from different regions of the world. Issued by the National Bank of the Republic of Belarus and it honors Arabic Belly Dance, one of the oldest dances in the world!

The Arabic Dance

Arabic Belly Dance is one of the oldest dances in the world that combines elements and techniques of different countries in the Middle East and North Africa, although their precise origins have primary origin as ancient Egypt.

There are historical documents that prove that this sensual dance was used by the priestesses of the banks of the River Nile.

In Arabic countries this dance is called Raks Sharki that literally means Oriental Dance.

The name of the belly dance is beginning to be used in the nineteenth century by Europeans who travelled to exotic lands in search of new cultures, customs and landscapes. These travellers coined this term caught up in the belly and hip movements that did not exist in European dances. We have to distinguish between Raks Sharki (Oriental dance) and Raks Baladi (Dance of the People).

The Raks baladi dance is a more elemental, almost without movement, and predominant hip movements. Raks Sharki is the most refined and rich. It includes movements of Egyptian folklore, classical ballet and contemporary dance, with large movements, revolutions and movements for all parts of the body, although the hip ones are the most important.


  • Country
    Belarus
  • Year
    2011
  • Face Value
    20 Rubles
  • Metal
    Silver
  • Fineness (purity)
    925/1000
  • Weight (g)
    28.28
  • Diameter (mm)
    38.61
  • Quality
    Proof
  • Mintage (pcs)
    6.000
  • Certificate (COA)
    Yes
  • Presentation case (box)
    No

Australian Kangaroo 2012 1oz Silver Proof High Relief Coin - Perth Mint Australia



  • Proof Quality 99.9% Pure Silver
  • High Relief Design – A Stroke of Genius
  • Mintage – 20,000
  • Australian Legal Tender
  • Presentation Packaging
  • Numbered Certificate of Authenticity

Proof Quality 99.9% Pure Silver

Each coin is struck by The Perth Mint from 1oz of 99.9% pure silver in proof quality.

High Relief Design

For outstanding impact, the coin is made with an extra-deep blank to accommodate its superbly detailed high relief design. This great annual release gets better every year, and this year’s unique design features a kangaroo set in the outback with a bush scene and windmill. The Perth Mint’s ‘P’ mintmark and the 2012 year-date are also incorporated into the design.

Limited Mintage

No more than 20,000 of these coins will be issued worldwide.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse.

Presentation Packaging

The coin is housed in a display case and beautifully illustrated shipper.

Numbered Certificate of Authenticity

Each coin is accompanied by a numbered Certificate of Authenticity.

Thursday, July 12, 2012

A Rare Chinese Coin: the Fengtien Silver Dollar

Created in 1897 at the instigation of the General Iktangga (依克唐阿), governor of the Fengtien province, the bureau was destined to modernize the provincial coinage. An early set of dies was commissionned from the Anqing (安庆) mint in Anhwei (安徽), and German-made steam-powered machinery were brought from Tianjin.

The early test issues using the An Hui dies were denominated in maces and candareens, and were designed after the Kwantung dollar. With the success of the Peiyang arsenal dollars, subsequent issues were however redesigned and the first emission meant for circulation in 1898 features a reverse bearing the characteristic circular manchu writings in the style of the contemporary Beiyang coins.
The last emission, in 1899, has a very similar design. As far as I know, three dies were used for the 25th year of Guang Xu series. The coin I bought is of the first type, as seen below:
Fengtien dollar - single ring (单圈版) with error in FUNG
Fengtien dollar (obverse)

The first set of die used has a single dotted ring around the denomination on the reverse (单圈版 in Chinese). The reverse has an obvious error in the typography of the province name, with a huge empty space between the F and U of FUNG TIEN. The strike is also noticeably weak from the G to the T.
On the obverse, this die is very different from the subsequent ones. The dragon face is beautiful, with some relief on the sides of the dragon nose and a large, “smiling” mouth. The fireball at the center is ornamented with a wide, incomplete spiral probably resulting from a weak strike.
The second strike features a new dragon design; the reverse issues were also partially fixed:
 Fengtien dollar - single ring (单圈版)
The province name on the reverse is now correctly typographied, but the strike is still weak on the area from the G to the T. The new dragon design is very different from the previous issue, with a flatter face and a thinner mouth. The spiral on the fireball is complete this time, running all the way to the center.
Fengtien Dollar - double circle (双圈版)
Fengtien Dollar - double circle (双圈版)
The last emission tries again to correct the problems of the reverse, keeping the new dragon design.
As seen here, the G and T are indeed slightly stronger, but the end of “TIEN” is weaker, while it was crisp in the previous strikes… It seems that like the Kiangnan mint, the early Shenyang mint had troubles with the die adjustement and thus produced weakly struck coins.
A solid circle was added around the denomination, inside the inner dotted circle.
This strike is known as the “Linear circle within dotted circle” die, or 双圈版 in Chinese.


Fengtien dollar - linear circle within dotted circle (双圈版)
After this third strike, the mint machinery was seized by the tsarist Russian army and the Shenyang machine bureau was burned down… The province of Fengtien (nowadays Liao Ning) was indeed going through dark times.

Already the theater of the first Sino-Japanese war in 1895, it was then the scene of the conflict between the Russians controlling the leased territory of Liao Tung, and the Japanese army, leading to the Russo-Japanese war. The mint at the Shenyang machine bureau was briefly brought back online in 1903 after years of reconstruction slowed down by the Boxer rebellion.
Eventually, the province fell under Japanese control, later becoming part of the Manchukuo puppet state. The Japanese army and investors continued to develop heavy industries in the region, furthering the move toward automatization that had begun in 1897 with the creation of the Fengtien machine bureau.

Dragons of Legend - Special Edition 2012 5oz Chinese Dragon Coin - Australia Silver Perth Mint

Dragons of Legend - Special Edition 2012 5oz Chinese Dragon Coin

Featuring:

  • Proof Quality 99.9% Pure Silver
  • Spectacular Coloured Reverse Design
  • Strictly Limited Mintage – 1,000
  • Illustrated Presentation Packaging



A magnificent airborne creature of the reptile kingdom, the Chinese Dragon rules over the elements of air and water.  Struck by The Perth Mint from a hefty 5oz of pure silver, the coin’s dragon emblem is believed to bring power, prosperity and good luck.

For those born in the dragon year, the year 2012 celebrates the qualities of this fantastic beast.   Other year dates of people ruled by this ancient lunar sign include 1916, 1928, 1940, 1952, 1964, 1976, 1988 and 2000.

Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint on behalf of Coin Club Australia from 5oz of 99.9% pure silver in proof quality.

Spectacular Coloured Reverse Design

The coin’s reverse depicts two spectacular coloured dragons with a representation of a pearl, signifying eternal wisdom.  The design also includes a fish motif, representing abundance and harmony.

Strictly Limited Mintage

No more than 1,000 of these coins will be available.

Tuvalu Legal Tender

Issued as Tuvalu legal tender, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the year-date and the monetary denomination.

Illustrated Presentation Packaging

This coin is housed in a black presentation case and illustrated shipper accompanied by a numbered Certificate of Authenticity.

Technical Specifications

Silver Content (Troy oz) 5
Monetary Denomination (TVD) 5
Fineness (% purity) 99.9
Minimum Gross Weight (g) 155.673
Maximum Diameter (mm) 65.60
Maximum Thickness (mm) 5.80

Wednesday, July 11, 2012

PURPLE FROG Atelopus Certus World Of Frogs Silver Coin $2 Palau 2011


Beautiful coin issued by the Republic of Palau in 2011 belonging to new series: World of Frogs. It depicts the purple Atelopus Certus, also known as toad mountain harlequin frog. In 2004 it has been inserted in IUCN Red List of Threatened Species.

Toad Mountain Harlequin Frog (Atelopus Certus)

Atelopus certus is a species of toad in the Bufonidae family. It is endemic to the Darien Region of Eastern Panama, and its type locality is Cerro Sapo, giving it its common name of the Toad Mountain Harlequin Frog.

Its natural habitats are subtropical or tropical moist lowland forests, subtropical or tropical moist montanes, and rivers. It is threatened primarily by the advancing wave of chytridiomycosis moving through central America, and secondarily by habitat loss, although much of its range falls with in the Darien National Park, a protected area and world heritage site.

The Chytridiomycosis is an infectious disease of amphibians, caused by the chytrid Batrachochytrium dendrobatidis, a fungus. Chytridiomycosis has been linked to dramatic population declines or even extinctions of amphibian species in western North America, Central America, South America, eastern Australia, and Dominica and Montserrat in the Caribbean.

Because so many other Atelopus species are in steep declines this amphibian is seen as a priority species for ex-situ conservation. In June 2010, a team of conservation partners working under the banner of the Panama Amphibian Rescue and Conservation Project mounted an expedition to the Darien and brought back a founding population of these frogs to begin an ex-situ conservation program at the Summit Municipal Park near Panama City.

Specifications
Metal Silver
Metal Composition (Troy OZ) 0.5
Fineness (% purity) 92.5
Denomination (USD) 2
Weight (g) 15.55
Diameter (mm) 35.00
Year of Issue 2011
Country Palau
Quality Proof
Mintage 500
Exterior Decoration Partly colore

Tuesday, July 10, 2012

China Kirin Dated 10th Yr Kuand Hsu (1885) 1 Tael - Silver Coin Very Rare




China Kirin Dated 10th Yr Kuand Hsu (1885) 1 Tael - Extremely Rare with Full Detail & Gold Gilding

$5000 + US$

Wildlife in Need – Siberian Tiger 2012 1oz Silver Proof Coin - Perth Mint Australia



Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint on behalf of Coin Club Australia from 1oz of 99.9% pure silver in proof quality.

Siberian Tiger Reverse Design

The coin’s reverse depicts a magnificent Siberian Tiger and cub in colour, set against a winter forest landscape.  The lower reverse comprises a struck design showing a pair of supporting hands.  The inscription WILDLIFE IN NEED – SIBERIAN TIGER is also incorporated into the design.

Tuvalu Legal Tender

Issued as legal tender under the authority of the Government of Tuvalu, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the 2012 year-date.

Extremely Limited Mintage

No more than 5,000 of these coins will be released.

Numbered Certificate of Authenticity

The coin is issued with a numbered Certificate of Authenticity.

Presentation Packaging

Each coin is housed in a display case with illustrated shipper.

The Siberian Tiger is considered among the largest of cats, and lives primarily in Eastern Russia and limited areas of China and North Korea.  This imposing animal is easily recognised by its magnificent striped coat, which is used as camouflage.  No two tigers will have the same patterning.

Females give birth to litters of two to six cubs, which they raise without the male mate.  Cubs cannot hunt until they are approximately 18 months old, and remain with their mothers for two to three years, after which, they disperse to find their own territory.

Sadly, poaching is still a threat to Siberian Tigers, as they are prized by trophy hunters and their body parts are still used in traditional Chinese medicine.  Increased logging, construction of roads, forest fires, and inadequate law enforcement, also continue to threaten the survival of this species.

Technical Specifications

Silver Content (Troy oz) 1
Monetary Denomination (TVD) 1
Fineness (% purity) 99.9
Minimum Gross Weight (g) 31.135
Maximum Diameter (mm) 40.60
Maximum Thickness (mm) 4.00 

Australian Antarctic Territory Series - Emperor Penguin 2012 1oz Silver Proof Coin - Perth Mint Australia





 Features:
  • Proof Quality 99.9% Pure Silver
  • Stunning Coloured Reverse Design
  • ‘P’ Mintmark
  • Limited Mintage - 7,500
  • Australian Legal Tender
  • Numbered Certificate of Authenticity
  • Presentation Packaging

This fabulous release features the Emperor Penguin, a species popularly depicted in the Happy Feet movies.   Don’t get left out in the cold, as previous coins in this series are no longer available!

Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1oz of 99.9% pure silver in proof quality.

Stunning Coloured Reverse Design

The coin’s reverse depicts a coloured image of Emperor Penguins and two chicks standing on ice floes, which appear within the outline of Antarctica.  The Perth ‘P’ mintmark is included in the design.

Limited Mintage

No more than 7,500 of these coins will be issued by The Perth Mint.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination.

Numbered Certificate of Authenticity

Each coin is accompanied by a numbered Certificate of Authenticity.

Presentation Packaging

The coin is housed in a charcoal-coloured presentation case, which comes with a stylish outer shipper.

Technical Specifications

Silver Content (Troy oz) 1
Monetary Denomination (AUD) 1
Fineness (% purity) 99.9
Minimum Gross Weight (g) 31.135
Maximum Diameter (mm) 40.60
Maximum Thickness (mm) 4.00
Designer Wade Robinson

Distinguished by a bright red-orange bill and white eye patches, the Emperor Penguin is the largest of 17 penguin species, the deepest diver of any bird, and the only animal to winter on Antarctica's open ice.

In order to survive the biting cold, Emperor Penguins are very social creatures that huddle together to conserve warmth. Each penguin spends time in the middle of the huddle to stay warm, but accepts when it is his time to move to the perimeter.

Female Emperors lay a single egg in autumn before heading to sea to hunt krill and squid.  Depending on the extent of the ice pack, they may be forced to trek long distances to reach the ocean. During the separation, males envelop the egg in a brood pouch above their feet.

By the time the eggs hatch, male Emperors have not eaten for several months.  When the females return with food for their chicks, hungry fathers head to sea.  From then on both parents attend the young.  In summer, when the ice around the breeding colony breaks up, the young learn to swim and fish by themselves.

Australian Bush Babies II - Kookaburra 1/2oz Silver Proof Coin - Perth Mint Australia


Coin Features:
  • Proof Quality 99.9% Pure Silver
  • Baby Kookaburra Reverse Design
  • Australian Legal Tender
  • Extremely Limited Mintage – 10,000
  • Certificate of Authenticity
  • Presentation Packaging
  • First Coin in New Series

Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1/2oz of 99.9% pure silver in proof quality.


Baby Kookaburra Reverse Design

The coin’s reverse depicts an irresistible coloured image capturing the curiosity and mischievousness of a beautiful baby kookaburra.  As well as The Perth Mint’s ‘P’ mintmark, the design features a friendly Australian insect and delicately frosted representations of Australian bush flowers.

Australian Legal Tender

Issued as legal tender under the Australian Currency Act 1965, the coin’s obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II.

Extremely Limited Mintage

The Perth Mint will release no more than 10,000 Australian Bush Babies II – Kookaburra coins.

Certificate of Authenticity

Each coin is accompanied by a numbered Certificate of Authenticity.

Presentation Packaging

Each coin is housed in a presentation display case and superbly illustrated shipper.



Technical Specifications

Silver Content (Troy oz) 0.50
Monetary Denomination (AUD) 0.50
Fineness (% purity) 99.9
Minimum Gross Weight (g) 15.591
Maximum Diameter (mm) 36.60
Maximum Thickness (mm) 2.30
Designer Elise Martinson


Anyone who has heard the kookaburra’s famous call will tell you how uncannily like human laughter it is.  This heartfelt design of an adorable baby kookaburra captures all the character and charm of this unique creature.

This beautiful coin is the first release from a sublime new series for lovers of cute and cuddly Australian animals.

Forthcoming Releases: Possum, Platypus, Echidna, Wombat

Saturday, July 7, 2012

Deadly and Dangerous - Funnel Web Spider 2012 1oz Silver Proof Coin Perth Mint Australia




  • Proof Quality 99.9% Pure Silver
  • Coloured Reverse Design
  • Extremely Limited Mintage – 5,000
  • Numbered Certificate of Authenticity
  • Stunning Illustrated Presentation Packaging
  • Seventh Coin in the Series
If there’s one spider you really don’t want to meet it’s the Funnel Web Spider.  Considered one of the world’s most deadly spiders, one sight of this big black baddie will evoke fear in even the bravest of souls.


Proof Quality 99.9% Pure Silver

The coin is struck by The Perth Mint from 1oz of 99.9% pure silver in proof quality.

Coloured Reverse Design

The coin’s reverse depicts a deadly Funnel Web Spider against a coloured background of its web and leaves.  The inscription AUSTRALIA’S FUNNEL WEB SPIDER is included in the design.

Tuvalu Legal Tender

Issued as legal tender of Tuvalu, the coin depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse and the monetary denomination.

Extremely Limited Mintage

No more than 5,000 of these coins will be released.

Numbered Certificate of Authenticity

The coin is accompanied by a numbered Certificate of Authenticity.

Stunning Illustrated Presentation Packaging

The coin is housed in a high-gloss timber presentation case and shipper emblazoned with the warning ‘DANGER’.


SPECIFICATIONS:

Silver Content (Troy oz) 1
Monetary Denomination (AUD) 1
Fineness (% purity) 99.9
Minimum Gross Weight (g) 31.135
Maximum Diameter (mm) 40.60
Maximum Thickness (mm) 4.00