Silver kruggerands

[Oystonousted]

Was in Chards today and asked about Silve krugerrands. Lady told me they were getting bullion coins only and they were due November!

[hedvigahlgren11]

The wait is almost over! MCM, the official North American distributor for the first-ever Silver Krugerrand, is excited to announce that the Silver Krugerrand will be available for purchase on March 13th! These highly anticipated coins are expected to be the release of the century. Sign-up to make sure you are notified the moment they are available from MCM!

Not only will the Silver Krugerrands be available on March 13th, but they will be available certified by the Numismatic Guaranty Corporation (NGC) with MCM's exclusive label! See a preview of these exclusive labels below, accompanied by both white and black core holders from NGC. 

[sovereignsteve]

47 minutes ago, hedvigahlgren11 said:

The wait is almost over! MCM, the official North American distributor for the first-ever Silver Krugerrand, is excited to announce that the Silver Krugerrand will be available for purchase on March 13th! These highly anticipated coins are expected to be the release of the century. Sign-up to make sure you are notified the moment they are available from MCM!

Not only will the Silver Krugerrands be available on March 13th, but they will be available certified by the Numismatic Guaranty Corporation (NGC) with MCM's exclusive label! See a preview of these exclusive labels below, accompanied by both white and black core holders from NGC. 

Nice post, must confess I nearly PML

[sovereignsteve]

EMK has the 1 oz proof at only €245 with a mintage of 15k

Now they are really taking the piss

https://www.emk.com/en-us/series/south-africa/krugerrand/krugerrand-1-oz-iksud11721

[morezone]

EMK has the 1 oz proof at only €245 with a mintage of 15k
Now they are really taking the piss
https://www.emk.com/en-us/series/south-africa/krugerrand/krugerrand-1-oz-iksud11721

It was €179 up until yesterday. This morning it had gone up and looks like its had another jump.
It'll all be down to allocation and availability. As their stocks deplete they always increase the price. If it's available elsewhere at a cheaper price then I suggest that people buy elsewhere.
Here's how I see it. Does a company sell something with a minimal profit and sell out within a week with limited supply. Or does it sell at maximum profit over a much longer period of time with exactly the same limited supply.

[sovereignsteve]

8 minutes ago, morezone said:

It was €179 up until yesterday. This morning it had gone up and looks like its had another jump.
It'll all be down to allocation and availability. As their stocks deplete they always increase the price. If it's available elsewhere at a cheaper price then I suggest that people buy elsewhere.
Here's how I see it. Does a company sell something with a minimal profit and sell out within a week with limited supply. Or does it sell at maximum profit over a much longer period of time with exactly the same limited supply.

 

Yes I see, only just got the email about it so assumed it had just gone on sale.

[morezone]

MCM will be selling the PUs for $60.

[prophet800]

London coin company selling the proof for £475 this morning ??

[prophet800]

https://thelondoncoincompany.com/epages/4d237887-b78a-4f19-8c94-ebc46654c578.sf/en_GB/?ObjectPath=/Shops/4d237887-b78a-4f19-8c94-ebc46654c578/Products/SOUTAFRSKC-010030

Sorry 479 lol

[prophet800]

EMK is 279 now. It keeps on going up

[Oldun]

I was looking at some of these and noticed some were slabbed as early release and first release. I know there is no difference at all between the two but which would people choose if they had to ? Personal survey. Me, I would go for early release.

[mongo28]

Who picked up either bullion or graded Silver Krugerrand over the past 2 days since the release? (Preorder, ships March 27th)

[Chewy636]

Too expensive but I was thinking about the 1oz gold with prevy

[mongo28]

What are they selling for in the UK? It's actually the best deal to buy them graded, but yes I agree too high of a premium on standard bullion.

 

 

[sovereignsteve]

24 minutes ago, Oldun said:

I was looking at some of these and noticed some were slabbed as early release and first release. I know there is no difference at all between the two but which would people choose if they had to ? Personal survey. Me, I would go for early release.

If that was all the choice I had, I don't think I would buy at all. Hate those early release designations.

[morezone]

@mongo28 Thread merged here

[mongo28]

Thanks!

[montesf1030]

I pick up 2 on the MCM pre-sale

[Oldun]

1 hour ago, shortstack68 said:

Personally, won't buy the silver rand, or an early and first strike designation, just a money making racket

Thank you for that but I was asking which of the two terminologies people prefer, not the coin.

[Oldun]

3 hours ago, sovereignsteve said:

If that was all the choice I had, I don't think I would buy at all. Hate those early release designations.

So The reality is that these designations are here to stay if there is a market for them (as there appears to be at the moment anyway) so we all might as well get used to it or ignore it. To each their own. Obviously, it takes years to become good at learning how to grade and as it is commonly said, buy the coin not the holder.

 

This Krugerrand offering is stirring up a lot of positive and mostly negative opinions online, since release due entirely to the price for the mintage announced.  It will be fascinating to see how the actual coin fares as a first ever produced silver coin (as well as being a first ever 1 Rand denominated PM coin). The market will always decide of course.

 

 

 

 

[Oldun]

Indeed, that I did mention myself earlier in the thread. I think I may not have made myself clear enough. I am only asking people to forget the coin, ALL coins and just focus on the wording.

[sovereignsteve]

5 hours ago, Oldun said:

This Krugerrand offering is stirring up a lot of positive and mostly negative opinions online, since release due entirely to the price for the mintage announced.  It will be fascinating to see how the actual coin fares as a first ever produced silver coin (as well as being a first ever 1 Rand denominated PM coin). The market will always decide of course.

 

I will definitely pick up some bullion coins but only if I can get them at Goldsilver.be prices, and perhaps a proof if at a reasonable price.

[prophet800]

I ordered a proof from EMK before I read this thread. I paid there original price but it still makes me cringe at what I paid...
But if I need to sell I think I will be able to get someone on ebay

[Silverstackeruk]

Just bought 6 proofs from Lpm today..Price has risen 3 times since yesterday's release

[morezone]

8 minutes ago, Silverstackeruk said:

Just bought 6 proofs from Lpm today..Price has risen 3 times since yesterday's release

This Krugerrand business is crazy.  Do you know what LPM original price was.  Now a little over £200