Perth mint gold sales down

[Cornishfarmer]

http://agaunews.com/newsbites-bullion-sales-mad-slabs/

If perth mint gold sales down 40%odd does this mean that if you buy gold lunars they will be a better buy than normal years?

Say the mintage is 10000 for lunar horse and sales are down does this mean they melt down the 4000 they don't sell?, do they only make 6000 in the first place? Or do they hold on to the other 4000 for when sales pick up

I know I'm working with hypothetical figures but what's the answer

[ChrisSilver]

I am sure they just produce to order, maybe with a small amount of buffer stock initially.

If they don't reach the limit I am not sure if they will declare a final mintage or if they will go back in future years and mint up to the 10,000 limit to then sell the ones that they didn't sell previously.

I bought some lunar horses which I was unable to sell for less than I bought them for, so, so far not a great investment and would have been better with lower premium gold.

[AgAuNEWS]

The only Perth Mint gold lunar coin with a limited mintage is the 1oz which generally sells out. The rest have their production halted at the end of the year and the mint declares the number shortly after. They are not re-minted at a later date.

 

The only exception is the 1kg silver lunar of which any since 2008 can still be minted.

 

If the Perth Mint list the mintage as 'Declared', then they will not be produced again. If they list it as Sales to Date, then they can be produced up to the initially stated mintage.