Perth Mint Releases 2006 Year of the Dog

The 2006 Year of the Dog, the 11th gold coin inProduction of the 1-oz coins is limited to 30,000-a
The Perth Mint's 12-coin Lunar Series, has beennumber that has turned out to be ideal for a
released and is now immediately available forcollectors' series. The 2000 Year of the Dragon
delivery. Officially, however, the Year of the Dogreached the production cap of 30,000 and sells at
does not begin until January 29, 2006, and it runsa big premium in the secondary market.
until February 17, 2007.The 2002 Year of the Horse 1-oz gold coins also
The Perth Mint Lunar Series gold coins come inhit the production cap and is no longer available
eight sizes: 1-kilo, 10-oz, 2-oz, 1-oz, ½-oz,from The Perth Mint. Recently, premiums on 1-oz
¼-oz, 1/10-oz, and 1/20-oz, with monetaryGold Horses jumped, which suggests that
denominations of $3000, $1000, $200, $100, $50,wholesalers are out of coins or are about to be. If
$25, $15, and $5 respectively. An image of Herthe wholesalers are out of 1-oz Gold Horses, they
Majesty Queen Elizabeth II graces the obversewill be difficult to find in large quantities.
the reverse carries the image of a beagle. TheThe 2001 Year of the Snake will probably be the
1-oz ounce ($100) is by far the most popular ofnext 1-oz gold coin in the Series to hit the
the Lunar Series gold coins.production cap. Gold Snakes usually can be bought
The silver coins in the Lunar Series come in sevenat premiums comparable to 1-oz Gold Eagles, the
sizes: 1-kilo, ½-kilo, 10-oz, 5-oz, 2-oz, 1-oz,world's best selling gold bullion coins. The other
and 1/20-oz, with monetary denominations of1-oz Lunar Series gold coins that have not
$30, $15, $10, $8, $2, $1, and 50 centsreached the production cap of 30,000 usually sell
respectively. As with the gold coins in the Series,at slightly higher premiums than Gold Eagles.
the obverse of the silver coins bears a likeness ofPerhaps the primary reason for the popularity of
Her Majesty Queen Elizabeth II. However, thethe Lunar Series is the exquisite quality of the
reverse of the silver coins carries the image of acoins. The Perth Mint holds an uncompromising
German shepherd.commitment to quality, and no other mint turns
Perth Mint Lunar Series: Popular with coinout more beautiful coins. Established in 1899, The
collectors worldwidePerth Mint operated as a branch of Britain's Royal
The one-ounce gold coins in the Lunar Series haveMint until 1970 but now is owned by the
become immensely popular with coin collectorsgovernment of Western Australia.
worldwide for several reasons. Although theNone of the silver coins in the Lunar Series have
theme is not unique-other mints having done lunarreached their production limits, probably because
series during earlier lunar cycles-timing seems tothe silver coins are priced for the collector
be perfect for The Perth Mint Lunar Seriesmarket. The gold coins in the Series, on the other
because China will host the Summer Olympics inhand, are priced at about the same prices as
2008, one year after the Series ends with thepopular bullion coins, such as the American Gold
Year of the Pig. Interest in China-and anythingEagles and the Gold Maple Leafs. This means that
related to China-seems to be growing. By 2008,by going with Lunar Series gold coins bullion
we may be seeing "Chinamania," which wouldinvestors can own collectible gold coins without
make the Lunar Series coins still more popular.paying huge collector premiums.
Another reason for the strong collector interest: