Perth Lunar Kilos - Opinions?

[coinnewbie]

I am not a coin collector. At all. I find coins fascinating, but collecting to be overwhelming when it comes to acquiring knowledge, so I've never given it a second thought.

Yesterday a friend took possession of a brand new 2018 Year of the Dog silver kilo coin.

It looked so cool, that I thought about buying one for my son, and then getting him another one every year. He may not appreciate them now, but over time as he gets older it will be a nice collection.

I was wondering a few things about these oversized Perth Lunar Coins:

-What is the general opinion of them within the coin collecting/silver stacking community? Are they admired? Ridiculed? Is the kilo size considered kinda gimmicky?

-As we only have one more year until Perth Mint would start a new 12-year cycle, and hence Series III -- do many of you expect the Series II kilos to finally see some appreciation in value once Perth finally once and for all stops minting past years?

-Are these kilos offered in "proof" versions also?

-For someone who will never be a true "stacker" but wants to start some sort of collection -- how do you feel about collecting these kilos? Would you say "if you like the looks, go for it" -- or something more like "waste of time because there so many cons associated with this series and/or the 1kg size' Or something in between?

Thanks in advance for anyone taking the time to reply. I doubt seeing a Perth Kilo in person is going to turn me into a stacker, but I do have to say it's one of the only times that seeing a cased coin has aroused my interest and fascination.

[JohnA]

Maybe start with smaller ones and see how you like them. The 1/2 oz series II are a good run to collect.

[onlyroadtoheaven]

Quote

 

The Kilo coins are great fun (they will spin for ages on a table - not recommended though) and good quality, however it's worth watching the video below relating to previous year's coins still being minted - not sure if you are alluding to this in your post. Clearly they don't attract much of a premium but then again it makes them cheaper to buy. Perhaps consider purchasing a roll of 20 lunars as they are nice and substantial in the hand and easy to store. They will also be easier to sell later on as you can split the roll when silver reaches $100 per oz! Either way, everyone needs at least 1 kilo coin in their collection.

 

[sovereignsteve]

Interesting vid but he could have said what he needed to in about 1/10th of the time he took. He seems to have overlooked the possibility that the PM have simply been selling 1kg coins already in stock.

[Pete]

I've got a few and kind of regret that now.  I even splashed out and bought some nice wooden boxes for them so they do look good.
However if you are starting a collection for your son I would recommend either 5 ounce coins or 10 ounce coins.
The kilo coins are door-stoppers whereas the 10 oz are paper-weights and the 5 oz are easy to handle and store.
Some capsules provided with the kilo coins don't seem big enough ( thickness ).
 

[kimchi]

If I was starting new and going to collect one thing only, a kilo silver coin would be last on my list by a huge margin.

[coinnewbie]

1 hour ago, kimchi said:

If I was starting new and going to collect one thing only, a kilo silver coin would be last on my list by a huge margin.

I think I understand the reason why, but could you elaborate? 

My reason is get one is

1) I just find it to a be a really fun piece

2) The premium over spot is not very high

3) If I have to start with a low-premium silver bought just for weight, I find this much more interesting than American Eagles.

 

[kimchi]

10 minutes ago, coinnewbie said:

I think I understand the reason why, but could you elaborate? 

My reason is get one is

1) I just find it to a be a really fun piece

2) The premium over spot is not very high

3) If I have to start with a low-premium silver bought just for weight, I find this much more interesting than American Eagles.

 

I'd be happy to elaborate, but none of these three justify starting a collection, do they? They're just 'snapshots' (however valid) as of this particular moment in time.

Can you justify any of them for the future?

[coinnewbie]

Not sure what you're asking, but I'd be buying the kilo for personal enjoyment and the fact that the premium is low and it will probably trade at or close to spot anyway, so why not take the kilo over the same weight in American Eagles?

[KevinG]

They look nice and hefty in hand. Though when it comes to selling it make take a while. A dealer would be your fastest option.