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The year 2001 a single-ounce Gold Snakes, the sixth coin in The Perth Mint Lunar Series, became the third coin in the Series to attain the 30,000-coin production cap that the Mint set for the one-ounce Lunar Series gold coins. The year 2000 one particular-ounce Gold Dragon was the first coin to hit the production cap, followed by the year 2002 1-ounce Gold Horse.

The Perth Mint Lunar Series is primarily based on the Chinese 12 year Lunar Calendar, which dates back to 2600 BC. Every year is named after an animal, and, in turn, each animal sign is governed by five elements: wood, fire, earth, metal, and water. Each element seems with each and every animal only when each and every sixty years. Because of the uniqueness of the Lunar Series, coin collectors worldwide are drawn to these coins.

The Perth Mint launched the Lunar Series in 1996 in the year of the Rat. Even though aimed at the coin collector market place, Lunar Series coins are sold at bullion coin prices.

Perth Mint Lunar Series coins offer both worth and beauty. They are struck with near proof good quality and are amongst the most lovely bullion coins being minted.

Although Lunar Series coins come in a variety of sizes, the one-ounce coins carry the greatest appeal. For gold bullion investors, the 1-ounce gold coins are easy to safe and shop. And, as a rule, one-ounce coins are far more sought soon after by coin collectors than are fractional-ounce gold coins.

The 30,000-coin production cap also increases the appeal of the Lunar Series coins. By comparison, the U.S. Mint's 1-ounce Gold Eagles, which are the world's ideal-promoting gold bullion coins, have limitless production. In 1998 and 1999, the U.S. Mint turned about 1.5 million a single-ounce Gold Eagles each year. Gold Eagles are not probably ever to grow to be collector coins, whereas the sold-out one-ounce Dragons, Gold Horses, and Gold Snakes already have accomplished collector status.

The one particular-ounce Lunar Series gold coins have become well-liked with coin collectors and gold bullion investors alike. Lunar Series one-ounce gold coins supply gold bullion investors the opportunity to purchase collector coins at bullion coin costs, consequently giving bullion coin investors the chance to profit two ways. One particular, by an improve in the price of gold. Two, by the prospective for the one-ounce Lunar Series gold coins to pick up collector premiums.

The Lunar Series coins are so exquisitely struck that many bullion investors on seeing the beauty of the coins acquire all the obtainable coins in the Series. (Distribution of the final coin in the Series, the 2007 year of the pig, will not begin till September 2006.) Some bullion investors have become collectors due to the fact of the high quality of the Lunar Series coins.

Another reason for increased interest in the Lunar Series gold coins is the approaching 2008 Summer time Olympics, which China will host. Often, the media carry stories and articles about China, its land, men and women, and culture. As a result, far more people are learning about the Lunar Calendar, and promotional things related to the Lunar Calendar, including gold coins, are beginning to appear.

Nonetheless one more explanation for the high interest in the Lunar Series: In the previous, collector coins have risen to really higher costs in the course of valuable metals bull markets. Actually, at times these markets have overheated, and collector coins have accomplished unrealistic prices. If precious metals prices are headed higher, as many metals analysts assert, the one-ounce Lunar Series coins could do extremely nicely. visit site