Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Upside Down Gold | Main | Minco Silver Corporation Up 40% Today »
Sunday
May102009

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!

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter, just click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the nuclear power sector that is currently coming back into fashion, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

silver fern single coin.JPG

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (27)

Linda,

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

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>