More reasons to stop buying from

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[@meteoman7958]

I learned my lesson years ago about buying from the mint. I am now an after market buyer where the coins eventually trade as bullion. It just means I am years behind. If everybody stopped buying from the mint there would be no after market.

[@the_islandstacker]

@@meteoman7958 that's the best way to do it, I know I've seen some of the past proof silver coins going for a lot less than the asking

[@slowrunner]

The U.S. Mint is doing the same thing. Prices on silver coins increased again yesterday.

[@the_islandstacker]

No need to as spot is lower than it was

[@DoomedGrind]

How has Perth mint held off increases , they should ask themselves. They should look at other options like process improvements that make it cheaper to operate instead of taking the easy path of raising prices. There will be a point where only the top 10% or less of the population will be their market and revenue will diminish

[@the_islandstacker]

@@DoomedGrind it's true other mints can produce coins at a lower price and better quality that don't have half the experience of the royal mint, like you say taking the easy way out to line their pockets

[@coinstruck6079]

I did a quick calculation on the premium the Perth Mint asks for the five coin 125th anniversary sovereign set. It’s about 34.5% over gold price. And that’s on mintage levels which are much lower compared to the Royal Mint so the Perth Mints average production cost would be higher.
The RM typically are 2x gold price.
The Perth Mint would have a natural advantage on managing its metal costs as it’s the world’s largest refiner of gold.

[@the_islandstacker]

@@coinstruck6079 thanks for that. I also think the Perth mint generally produce better quality coins. It's a shame they aren't CGT exempt

[@ianbird7444]

stopped buying from the mint last year and they have lost my business due to the price hikes

[@the_islandstacker]

@@ianbird7444 think they will continue to lose customers and will eventually be their own downfall