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« Upside Down Gold | Main | Minco Silver Corporation Up 40% Today »

New Zealand Mint – Yer Right!

silver fern coins.JPG
This might interest you – A radio down here is carrying adverts for gold and silver sales by the New Zealand Mint. So I checked their web site and found that they were selling the 1 oz silver fern for NZ$59.00 which equates to US$35.06, when silver is reported to be US$14.00/oz.

Rightly or wrongly this price does appear to contain a rather nice profit. Either that or the reported price of silver if lagging somewhat.

We are aware that the price of coins carries with it a premium but we are struggling with such a huge mark up.

There is also a beer company in New Zealand which runs a series of comical adverts by making some sort of outrageous statement and then follows through with the punch line:

Yer Right!

Maybe both enterprises are using the same advertising agency, well that could be one possible explanation.

Any thoughts – then fire them in.

Have a good one.

Keep hold of your core position of silver producers otherwise you might be selling the bargain of the year – to us!

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silver fern single coin.JPG

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Reader Comments (27)


Can you tell us the total cost per ounce that you paid for these, it may be a bargain for our readers, on the other hand our readers may be able to add their outlets to the debate which improves things all round, in terms of getting a better deal.

June 30, 2010 | Unregistered CommenterSilver Prices

Silver Prices,

According to their new website its currently NZD$31.20 or USD$22.20 for .9999 1oz coins. you have be signed in to see pricing though. would be great to see what others are getting.

July 14, 2010 | Unregistered CommenterLinda

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