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The year 2001 a single-ounce Gold Snakes, the sixth coin in The Perth Mint Lunar Series, became the third coin in the Series to attain the 30,000-coin production cap that the Mint set for the one particular-ounce Lunar Series gold coins. The year 2000 a single-ounce Gold Dragon was the 1st coin to hit the production cap, followed by the year 2002 1-ounce Gold Horse.
The Perth Mint Lunar Series is primarily based on the Chinese 12 year Lunar Calendar, which dates back to 2600 BC. Each and every year is named soon after an animal, and, in turn, each animal sign is governed by five elements: wood, fire, earth, metal, and water. Each element appears with each animal only when every single sixty years. Simply because of the uniqueness of the Lunar Series, coin collectors worldwide are drawn to these coins.
The Perth Mint launched the Lunar Series in 1996 in the year of the Rat. Although aimed at the coin collector market place, Lunar Series coins are sold at bullion coin prices.
Perth Mint Lunar Series coins offer you each worth and beauty. They are struck with near proof quality and are among the most stunning bullion coins getting minted.
Despite the fact that Lunar Series coins come in a variety of sizes, the 1-ounce coins carry the greatest appeal. For gold bullion investors, the one particular-ounce gold coins are easy to secure and shop. And, as a rule, one-ounce coins are much more sought right after by coin collectors than are fractional-ounce gold coins.
The 30,000-coin production cap also increases the appeal of the Lunar Series coins. By comparison, the U.S. Mint's one particular-ounce Gold Eagles, which are the world's best-selling gold bullion coins, have limitless production. In 1998 and 1999, the U.S. Mint turned about 1.five million 1-ounce Gold Eagles every single year. Gold Eagles are not probably ever to turn into collector coins, whereas the sold-out one-ounce Dragons, Gold Horses, and Gold Snakes already have achieved collector status.
The 1-ounce Lunar Series gold coins have turn out to be well-liked with coin collectors and gold bullion investors alike. Lunar Series one particular-ounce gold coins offer you gold bullion investors the chance to get collector coins at bullion coin costs, for that reason providing bullion coin investors the chance to profit two techniques. One particular, by an increase in the price tag of gold. Two, by the potential for the one-ounce Lunar Series gold coins to pick up collector premiums.
The Lunar Series coins are so exquisitely struck that numerous bullion investors on seeing the beauty of the coins acquire all the accessible coins in the Series. (Distribution of the final coin in the Series, the 2007 year of the pig, will not commence until September 2006.) Some bullion investors have turn into collectors because of the high quality of the Lunar Series coins.
Yet another cause for increased interest in the Lunar Series gold coins is the approaching 2008 Summer season Olympics, which China will host. Frequently, the media carry stories and articles about China, its land, folks, and culture. As a outcome, a lot more men and women are studying about the Lunar Calendar, and promotional items associated to the Lunar Calendar, like gold coins, are starting to seem.
Nevertheless one more cause for the high interest in the Lunar Series: In the previous, collector coins have risen to really high costs for the duration of valuable metals bull markets. Truly, at times these markets have overheated, and collector coins have accomplished unrealistic prices. If precious metals rates are headed larger, as several metals analysts assert, the one-ounce Lunar Series coins could do quite effectively. visit site
