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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 reach the 30,000-coin production cap that the Mint set for the one-ounce Lunar Series gold coins. The year 2000 a single-ounce Gold Dragon was the initial coin to hit the production cap, followed by the year 2002 1-ounce Gold Horse.
The Perth Mint Lunar Series is based on the Chinese 12 year Lunar Calendar, which dates back to 2600 BC. Each year is named following an animal, and, in turn, each and every animal sign is governed by five components: wood, fire, earth, metal, and water. Every element appears with every single animal only as soon as every sixty years. Due to the fact 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. Even though aimed at the coin collector market place, Lunar Series coins are sold at bullion coin prices.
Perth Mint Lunar Series coins offer you both value and beauty. They are struck with close to proof high quality and are among the most stunning bullion coins being minted.
Though Lunar Series coins come in numerous sizes, the a single-ounce coins carry the greatest appeal. For gold bullion investors, the one-ounce gold coins are easy to secure and store. And, as a rule, 1-ounce coins are far more sought following 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-promoting gold bullion coins, have unlimited production. In 1998 and 1999, the U.S. Mint turned about 1.5 million a single-ounce Gold Eagles every single year. Gold Eagles are not probably ever to turn into collector coins, whereas the sold-out 1-ounce Dragons, Gold Horses, and Gold Snakes currently have achieved collector status.
The one-ounce Lunar Series gold coins have grow to be common with coin collectors and gold bullion investors alike. Lunar Series one particular-ounce gold coins offer you gold bullion investors the chance to purchase collector coins at bullion coin prices, consequently giving bullion coin investors the opportunity to profit two approaches. A single, by an improve in the price tag of gold. Two, by the potential for the a single-ounce Lunar Series gold coins to choose up collector premiums.
The Lunar Series coins are so exquisitely struck that many bullion investors on seeing the beauty of the coins acquire all the available coins in the Series. (Distribution of the final coin in the Series, the 2007 year of the pig, will not start till September 2006.) Some bullion investors have grow to be collectors simply because of the high quality of the Lunar Series coins.
Another purpose for elevated interest in the Lunar Series gold coins is the approaching 2008 Summer Olympics, which China will host. Frequently, the media carry stories and articles about China, its land, individuals, and culture. As a outcome, far more individuals are studying about the Lunar Calendar, and promotional items related to the Lunar Calendar, including gold coins, are starting to appear.
Still another purpose for the high interest in the Lunar Series: In the past, collector coins have risen to extremely high costs during valuable metals bull markets. Really, occasionally those markets have overheated, and collector coins have achieved unrealistic costs. If valuable metals prices are headed larger, as a lot of metals analysts assert, the one particular-ounce Lunar Series coins could do extremely nicely. official link