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2017 Krugs Delayed

Discussion in 'PM's - Coins - Numis - Base Metals' started by stAGgering, Dec 3, 2016.



  1. stAGgering

    stAGgering Silver Miner Seeker

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    Nice two day EST warning to buy other holiday gift coins.
    Intended to gift 1st year as I did last with Aus Kang bullion coin.
    The Aus Kang may not be great 1st year numi-bullion as they minted 11 MILLION !
    Trading half 2016's for 17's as I bet they mint half as many in 2017, by demand fading.
    Now WTF am I going to do.
    Gold gram bars are looking competitive.
    Not from S. Africa though, they can go get bent.

    I know MCM utilized, forgive me, only for info from this pawn shop coin dealer.
    Look at the guy, a walking pro pawn dealer image, even in the DICTIONARY !

    Latest Updates on the Silver Krugerrand

    December 2, 2016 - 2017 Silver Krugerrand Delay Announced

    MCM’s number one priority is providing outstanding, high-quality releases to our customers. It is because of this shared viewpoint that we chose to partner with the South African (SA) Mint to bring the world the first-ever Silver Krugerrand coin.

    At this time, we have been notified by the Mint of a production delay for the 2017 Silver Krugerrand coins. Though we are anxious to bring this highly anticipated release to our customers, it is our mission – and the Mint’s – to bring only the best to our customers.

    In this spirit, we must announce a delay in releasing the 2017 Silver Krugerrand. We will publish an updated release date as soon as it can be confirmed with the Mint. If you have signed up to receive email notifications about the 2017 Silver Krugerrand, you will be among the first to know.
     
    southfork likes this.
  2. southfork

    southfork Mother Lode Found Mother Lode

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    Thanks , didn't know they were going to mint these, I have some of the old silver rounds that were made to commerate the krugerrand. Will definitely pick a few up.
     
  3. itsamess

    itsamess Silver Member Silver Miner

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    November 15, 2016 - Official 2017 Silver Krugerrand Specs Revealed

    • Limited Mintage of 1,000,000
     
  4. southfork

    southfork Mother Lode Found Mother Lode

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    delayed again, going to have 50 onecers 1/50th gold coins and 1 oz pt ,hope they dont play us mint and try to rape us, they said 1st shipment was badly scratched and have to find better way to ship, that was dec 5th
     
  5. stAGgering

    stAGgering Silver Miner Seeker

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    Ship mine as the pandas are please.
    Plastic capsule in plastic retainer/display, in plastic box.
    Makes Smeagles look like apples bobbing in a barrel.
    How can SA Mint be so regressed, unless all is a delay waiting for higher Ag $.
    Let's see silver go to $12 and SA Mint choke on it.
     
    southfork likes this.
  6. southfork

    southfork Mother Lode Found Mother Lode

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    I just hope they don't go ashole with the prices on them.

     
  7. southfork

    southfork Mother Lode Found Mother Lode

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    Hate to see what they are going to want for the silver ones. This is from the SA mints web site.

    2017 Krugerrand
    R36,500.00 - Vintage Re-issue 50th Anniversary mint Krugerrand: 1 oz (22 ct gold) =$2664.59 USD at todays gold prices

    http://www.samint.co.za/order-form/
     
  8. southfork

    southfork Mother Lode Found Mother Lode

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    Talked to MCM at the fun show, they said they expect an issue of 15 million for the bullion version and around 1m for a reverse proof version, they said they would have a specimen on display today.
     
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  9. stAGgering

    stAGgering Silver Miner Seeker

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    Wh wh wh WH WWHHAAAT !?
    16 MILLION !!
    Uuhhmmm, ahhh, errrrrr, mmmmm....
    In a "new" mint, minted, mintage, minting, mintagio coin market, I am wholeheartedly disinterested.
    Perth sold only 11 million Kangaroozes and their silver reputation is well founded and known, aside from ongoing milking.
    Krugs spitting out 16,ooo,ooo into a saturated market, I'll pass, and laugh at any hype attempt.
    2018, if their are any even minted, maybe.
    Hello Pandas, Elephants, Roosters, Kooks, Koalas, Libertads, and Kilos.

    Thanks for info southfork.
     
    Scorpio likes this.
  10. southfork

    southfork Mother Lode Found Mother Lode

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    $269 for a proof, aint paying those thieving bastards at ampex that for an ounce of silver, Reminds me of when they tried to rape everyone on the first ATB coins, I doubt I will every buy from them again.
     
  11. southfork

    southfork Mother Lode Found Mother Lode

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    Busniess strike now out, they want 59/60 each for a coin with 15 million mintage, was going to buy a roll if in the 20s but no way I even buy one at that price.
     
  12. Lylelovett666

    Lylelovett666 New Member

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    I was in at 40.00,but this is just gouging. What a crock.
     
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  13. southfork

    southfork Mother Lode Found Mother Lode

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    Same thing happened with new perth mint dragon, they wanted 100 bucks, now they go for 40sh and lower, and the mintage was only 1 m i think. These will come down big time.
     
  14. Pyramid

    Pyramid Gold Member Gold Chaser Site Supporter

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    southfork:
    Can you verify these numbers? I've seen 1,000,000 bullion and 30,000 proofs per a South African Mint press release (see below), as itsamess posted above.

    Regardless, MCM is severely gouging as others have said. No way anyone with reason is paying ~3.4 X spot for bullion coins and $100-150 per coin for slabbed crap. Fuck MCM. [​IMG]
     
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  15. southfork

    southfork Mother Lode Found Mother Lode

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    Those were the figures their agent gave me at the show, nothing to say he was In error though
     
  16. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    Everything I can find says 1 million uncirculated....and the SA Mint release price is $45 (600 rand)
     
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  17. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Issue price will collapse along with the South African government imho.
     
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  18. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    APMEX has been a great resource and a dependable dealer. That being said, it's not only APMEX asking these crazy prices for what amounts to a silver round. Demand will dictate price. Dealers can ask any price they want and there are idiots who pay it. Sit back and let them have their fun. It's not like any of us need to buy these for our collection, right?
     

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