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#1
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How about a 10 kilo Silver coin?
Someone had a thread going here about big coins. This afternoon I visited
Panda America (one of the biggest bullion / coin dealers in the country who is a local drive away from me).. to buy a 2006 Buffalo. In order to avoid the Calif. state sales tax, (no tax on any single purchase over $1000.00 at a retail store).. I bought another coin, a 1/2 oz. AGE, so the total came to $1001.00, saving me $82.50 in sales tax. Anyway, as I'm standing in their showroom looking around and grabbing literature while the guy goes back in the heavy security room to get the coins, I spied this behemoth in the showcase: http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. Makes my huge Spanish Dali coin look tiny in comparison. The 2006 Buffalo Uncs. come in a very interesting sealed "flip" sort of affair with the Mint's name and official seal in blue on the outside, and the coin itself is in a sort of round soft sealed capsule inside the flip so it can't slide around or fall out. I've never seen any kind of US Mint packaging like this before. Gold was down to $615.00 today so I thought it'd be a good opportunity to grab one. Of course, this means Gold will drop since I finally bought one, but by doing it at a local dealer and not on eBay, or a mail order dealer I saved the angst of squirming waiting for delivery, paying for freight and insurance, and all the other drama that comes with those kinds of purchases. And by getting my total over-the-counter purchase to exactly $1001.00 I saved a wad on tax I didn't have to pay. Harv |
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#2
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How about a 10 kilo Silver coin?
"Harv" wrote in message http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. I have seen it on their website, it cost well over $6K, so it is selling for a lot more than the bullion value. Otherwise I would have to have one. |
#3
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How about a 10 kilo Silver coin?
I started the thread about big coins, I have a 10 ounce 9999 silver
coin. I have a picture on my website (which I invite everyone to add their collections to) of the coin in my hand (barely): http://www.proud-collector.com/5/7/collection.aspx Harv wrote: Someone had a thread going here about big coins. This afternoon I visited Panda America (one of the biggest bullion / coin dealers in the country who is a local drive away from me).. to buy a 2006 Buffalo. In order to avoid the Calif. state sales tax, (no tax on any single purchase over $1000.00 at a retail store).. I bought another coin, a 1/2 oz. AGE, so the total came to $1001.00, saving me $82.50 in sales tax. Anyway, as I'm standing in their showroom looking around and grabbing literature while the guy goes back in the heavy security room to get the coins, I spied this behemoth in the showcase: http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. Makes my huge Spanish Dali coin look tiny in comparison. The 2006 Buffalo Uncs. come in a very interesting sealed "flip" sort of affair with the Mint's name and official seal in blue on the outside, and the coin itself is in a sort of round soft sealed capsule inside the flip so it can't slide around or fall out. I've never seen any kind of US Mint packaging like this before. Gold was down to $615.00 today so I thought it'd be a good opportunity to grab one. Of course, this means Gold will drop since I finally bought one, but by doing it at a local dealer and not on eBay, or a mail order dealer I saved the angst of squirming waiting for delivery, paying for freight and insurance, and all the other drama that comes with those kinds of purchases. And by getting my total over-the-counter purchase to exactly $1001.00 I saved a wad on tax I didn't have to pay. Harv |
#4
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How about a 10 kilo Silver coin?
"Sibirskmoneta" wrote in message ... "Harv" wrote in message http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. I have seen it on their website, it cost well over $6K, so it is selling for a lot more than the bullion value. Otherwise I would have to have one. I posted too soon. (Engage brain before typing).. I just looked at some of the literature I grabbed at Panda America and this huuuuuuuuuuuge coin is in their leaflet. The monster 10 kilo Silver coin is Australian, not Chinese. It's dated 2006, "Year of the dog." So I thought it was Chinese. D'oh!.. The mintage is 1000. There is also a 10 kilo GOLD version with a mintage of 20. I don't even want to THINK about how much the Gold one costs :-/ .. Harv |
#5
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How about a 10 kilo Silver coin?
"Harv" wrote in message I posted too soon. (Engage brain before typing).. I just looked at some of the literature I grabbed at Panda America and this huuuuuuuuuuuge coin is in their leaflet. The monster 10 kilo Silver coin is Australian, not Chinese. It's dated 2006, "Year of the dog." So I thought it was Chinese. D'oh!.. The mintage is 1000. There is also a 10 kilo GOLD version with a mintage of 20. I don't even want to THINK about how much the Gold one costs :-/ .. Harv They charge way too much for the gold Kilo coins, when the bullion value is about $21K, they charge $29K, a waste of $8K in my opinion. A reasonable markup can be expected, but this is ridiculous. |
#6
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How about a 10 kilo Silver coin?
Harv wrote:
The monster 10 kilo Silver coin is Australian, not Chinese. See the message that I posted about that 10 kilo coin a week ago. Here is the link again, and no, I still do not plan to buy the beast g. http://www.pandaamerica.com/details....grp=1&categ=19 I don't even want to THINK about how much the Gold one costs :-/ C'mon, be brave and click the link below. ;-) http://www.pandaamerica.com/details....grp=1&categ=19 The gold coin |
#7
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How about a 10 kilo Silver coin?
On Tue, 29 Aug 2006 07:01:23 -0400, Sibirskmoneta wrote:
They charge way too much for the gold Kilo coins, when the bullion value is about $21K, they charge $29K, a waste of $8K in my opinion. A reasonable markup can be expected, but this is ridiculous. Isn't the whole point of bullion, that it's portable and fungable? I can see an ounce or even 10 ounce unit, but when we're dealing with a car or so of value, that's an awfully big increment to deal with. A few one or ten ounce ingots, no biggie, pretty much any time you want to get rid of that, no problem, instant cash. But this? I'm pretty sure my local doesn't have that much cash on hand. |
#8
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How about a 10 kilo Silver coin?
Interesting. I purchased a 1-Kilo China Myth Animal coin from Franklin
Mint Japan www.franklinmint.jp (http://www.franklinmint.jp/tmp_cart/detail.php?id=551) This was designed and developed by Franklin Mint Japan but minted by Perth Mint. The quality is excellent. Often I have noticed though...the larger the coin the worse the sculpting looks. Harv wrote: Someone had a thread going here about big coins. This afternoon I visited Panda America (one of the biggest bullion / coin dealers in the country who is a local drive away from me).. to buy a 2006 Buffalo. In order to avoid the Calif. state sales tax, (no tax on any single purchase over $1000.00 at a retail store).. I bought another coin, a 1/2 oz. AGE, so the total came to $1001.00, saving me $82.50 in sales tax. Anyway, as I'm standing in their showroom looking around and grabbing literature while the guy goes back in the heavy security room to get the coins, I spied this behemoth in the showcase: http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. Makes my huge Spanish Dali coin look tiny in comparison. The 2006 Buffalo Uncs. come in a very interesting sealed "flip" sort of affair with the Mint's name and official seal in blue on the outside, and the coin itself is in a sort of round soft sealed capsule inside the flip so it can't slide around or fall out. I've never seen any kind of US Mint packaging like this before. Gold was down to $615.00 today so I thought it'd be a good opportunity to grab one. Of course, this means Gold will drop since I finally bought one, but by doing it at a local dealer and not on eBay, or a mail order dealer I saved the angst of squirming waiting for delivery, paying for freight and insurance, and all the other drama that comes with those kinds of purchases. And by getting my total over-the-counter purchase to exactly $1001.00 I saved a wad on tax I didn't have to pay. Harv |
#9
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How about a 10 kilo Silver coin?
On Mon, 28 Aug 2006 23:53:22 GMT, "Harv" climbed to
the top of the minaret and sang out: Someone had a thread going here about big coins. This afternoon I visited Panda America (one of the biggest bullion / coin dealers in the country who is a local drive away from me).. to buy a 2006 Buffalo. In order to avoid the Calif. state sales tax, (no tax on any single purchase over $1000.00 at a retail store).. I bought another coin, a 1/2 oz. AGE, so the total came to $1001.00, saving me $82.50 in sales tax. Anyway, as I'm standing in their showroom looking around and grabbing literature while the guy goes back in the heavy security room to get the coins, I spied this behemoth in the showcase: http://www.amigazone.com/images/june/10kilo.jpg It's a Chinese something or other. I couldn't see the reverse because it was in a locked display case. You can get an inkling of its size by the coins you can almost see to its left which are Dollar-sized 1 oz. Silver rounds. The thing is about the size of a salad plate and probably half an inch thick. Or more. Anyway, 10 kilos = 22 lbs of .999 Silver so about $4500.00 I think. I didn't ask. Makes my huge Spanish Dali coin look tiny in comparison. The 2006 Buffalo Uncs. come in a very interesting sealed "flip" sort of affair with the Mint's name and official seal in blue on the outside, and the coin itself is in a sort of round soft sealed capsule inside the flip so it can't slide around or fall out. I've never seen any kind of US Mint packaging like this before. Gold was down to $615.00 today so I thought it'd be a good opportunity to grab one. Of course, this means Gold will drop since I finally bought one, but by doing it at a local dealer and not on eBay, or a mail order dealer I saved the angst of squirming waiting for delivery, paying for freight and insurance, and all the other drama that comes with those kinds of purchases. And by getting my total over-the-counter purchase to exactly $1001.00 I saved a wad on tax I didn't have to pay. Harv What exactly are the dimensions (diameter/thickness) of this coin, btw? Not that I'll ever own one, but As much as has been posted about thiese coins lately, I'm really curious about just how big this thing is. --- Don't worry about the world coming to an end today. It's already tomorrow in Australia. (Charles M. Schulz) |
#10
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How about a 10 kilo Silver coin?
"Dave Hinz" wrote in message Isn't the whole point of bullion, that it's portable and fungable? I can see an ounce or even 10 ounce unit, but when we're dealing with a car or so of value, that's an awfully big increment to deal with. A few one or ten ounce ingots, no biggie, pretty much any time you want to get rid of that, no problem, instant cash. But this? I'm pretty sure my local doesn't have that much cash on hand. Even a Kilo of gold would be a bit difficult to peddle off. I cannot imagine going to my local dealer and handing over 31lbs of gold in the form of a monster coin and expecting him to shell over $210.000 |
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