Stylin Online T-Shirts
 
Hobby Link Japan TFSource Big Bad Toy Store Robot Kingdom ToyArena Captured Prey

Generation 1 Optimus Prime and Megatron Silver Coin Set

Posted on 01-25-2013 at 01:02 PM by Sol Fury under Generation 1
Transformers-Optimus-Prime-Reverse-469x469
Here is something cool for the "high rollers" among us collectors - for the price of $232.91 US plus shipping, you can own a set of special Transformers edition silver coins from the New Zealand mint. The special NZ $2 coins are 1oz Silver each, and feature Optimus Prime and Megatron on the tails side, and HM Queen Elizabeth II on the heads side. They're legal tender in New Zealand, but why would you want to spend these special pieces?

The page with the order details is here. According to the page, the coins have a limited edition mintage of 5,000 sets.
Views: 3,192 / Credit: BlitzFire of the 2005 Boards!

Images for Generation 1 Optimus Prime and Megatron Silver Coin Set

cube-open-2
Open-Cube-Box-1
Transformers-Megatron-Reverse-469x469
Transformers-NIUE-2013-Obverse-469x469
Transformers-Optimus-Prime-Reverse-469x469
Metroplex79
GAH!!!

I want those, but waaaay to pricy.
Dansproject
How awesome?
puma
how does this make sense?? Why would the Mint of this country even make these.... I'd love to have a set but i'm not spending that. I'll wait for the infomercial and get them for the special introductory price of $19.99 plus S&h... Maybe i'll even get a special gift that i have to pay a separate processing fee for and S&H.
Reflector Prime
You don't see that every day!
JoeHavok
Awesome!!! But, completely overpriced. At most this should sell for $30
ssjkazer
Lol typical of what expect to see here as normal its worlds cheaper to buy over seas then here, im not going to post my political veiw on these things....
seanlockyer
The spot price + markup for profit + insurance and shipping should make these for about $40-$45 each, -or- $80-$90 for the set of two, not $200+. Unless these are 10oz silver coins they won't find many buyers. I can go to APMEX.com and buy 3 or 4 coins for this price....

...the good news is that once the price deflates it may be a good chance to pick up some quality silver for less than spot (maybe)...
Omegax80
Quote:
Originally Posted by puma View Post
how does this make sense?? Why would the Mint of this country even make these.... I'd love to have a set but i'm not spending that. I'll wait for the infomercial and get them for the special introductory price of $19.99 plus S&h... Maybe i'll even get a special gift that i have to pay a separate processing fee for and S&H.
Maybe it will come with a free football phone.
AnAutobot1985
Wicked cool. But way too overpriced. This set should be about 80 dollars. I don't know how they came up with over 200.
chrisr291
That is a lot of money for a 2 dollar coin
powermonkey
Wow. $2 NZ = $233.66 US
That's hardcore dollar exchange devaluationů
igniz1984
Quote:
Originally Posted by puma View Post
how does this make sense?? Why would the Mint of this country even make these.... I'd love to have a set but i'm not spending that. I'll wait for the infomercial and get them for the special introductory price of $19.99 plus S&h... Maybe i'll even get a special gift that i have to pay a separate processing fee for and S&H.
yup. a free shamwow!! shut up and take my money
Atomatron
face palm i bought the first two

no clue where they are now
rework
Quote:
Originally Posted by seanlockyer View Post
The spot price + markup for profit + insurance and shipping should make these for about $40-$45 each, -or- $80-$90 for the set of two, not $200+. Unless these are 10oz silver coins they won't find many buyers. I can go to APMEX.com and buy 3 or 4 coins for this price....

...the good news is that once the price deflates it may be a good chance to pick up some quality silver for less than spot (maybe)...
I think you are underestimating this just a bit. The spot price for just the base silver is about $32.50. Packaging, shipping and insurance would probably eat up the remaining difference you have in there.

Minting coins is not a cheap process. I would expect them to shoot for a mark-up of at least 100% over the market value of the base metal.
RDprime
Is that Elton John on the back of it?
McSoundwave
Pretty cool, but at that price-point not something I need in my collection.
Thundercracker
I actually buy a lot of silver and would consider these if they were anywhere in the same zip code of what 1 Troy Oz of silver actually should sell for.
Autovolt 127
Why does money cost so much money? They do look nice but that's a lot of coin for a couple of coins.
Furyan
Im ashamed to say I was suckered into the First Star Wars set they offered. Figured I could buy it and sell it down the road to fast some loot,seeming how big the SW market is. Well with the exchange rates fluxin all the time,I will probably at most break even on em. That said these look great but just not worth the price in the end..
Subria
It's not the official mint of New Zealand in case any of you were wondering - all legal tender is created for the Reserve Bank of New Zealand, and special commemorative issues for New Zealand legal tender is sold under license by New Zealand Post (New Zealand Post Coins).

This particular company produces some legal tender for the government of Niue. Niue itself uses the New Zealand dollar as the legal currency - however those are produced by the Reserve Bank of New Zealand, so these coins would be effectively of use only on Niue (were you to use them). Other than that, no real value apart from the metal used in them.
rework
Quote:
Originally Posted by Subria View Post
It's not the official mint of New Zealand in case any of you were wondering - all legal tender is created for the Reserve Bank of New Zealand, and special commemorative issues for New Zealand legal tender is sold under license by New Zealand Post (New Zealand Post Coins).

This particular company produces some legal tender for the government of Niue. Niue itself uses the New Zealand dollar as the legal currency - however those are produced by the Reserve Bank of New Zealand, so these coins would be effectively of use only on Niue (were you to use them). Other than that, no real value apart from the metal used in them.
To be fair, the value of the metal far outweights the face value of the coins anyway. Pretty standard with all precious metal coins.
Scourge_151
Quote:
Originally Posted by JoeHavok View Post
Awesome!!! But, completely overpriced. At most this should sell for $30
You looked up how much 2oz of silver is lately? Plus the design costs, die cutting and design costs, cost of running the coining press, costs of pad printing the designs, cost of packaging, care that gets taken to make sure they're not touched by anyone before they're sold?

All adds up, I work for a mint with a collector coin division so I'm pretty sure that is the least of the costs factored in.
zzyss
Silver Coins : Transfomer Silver Coins, Megatron Silver Coin, Optimus Prime Silver Coin | The Perth Mint

These movie-verse coins from Australia's Perth Mint were/are half the price (AUD$97.50). And sold out my ass, I can walk into any Australia Post and expect to see one or two.
Scaleface
If they had been decoed as the Golden Disks, I might have been a little more interested.
b.winn1
Something like this will always have value just for the silver alone but one ounce of silver is 36 dollors and these are 238 dollors for 2 1ounce coins your getting a meg and optimus pic on it lol talk about exploting the market
rework
Quote:
Originally Posted by zzyss View Post
Silver Coins : Transfomer Silver Coins, Megatron Silver Coin, Optimus Prime Silver Coin | The Perth Mint

These movie-verse coins from Australia's Perth Mint were/are half the price (AUD$97.50). And sold out my ass, I can walk into any Australia Post and expect to see one or two.
You should check your math. $97.50 for one vs. $279 for two is not "half the price".

And how long ago was that price? The cost of silver has gone up significantly the past few years.
The Madness
Dammit! I read HM Queen Elizabeth II as "Head Masters Queen Elizabeth" not "Her Maj" ...That would have been cool.
TCJJ
$2 coins that cost almost $300? That's insane. They're neat, but I'll stick to my regular $2 coins, thanks. Once again, New Zealand proves how much of a gayass country it is.
Starscream NZ
Quote:
Originally Posted by TCJJ View Post
Once again, New Zealand proves how much of a gayass country it is.
Really?


Reeeeeeeally?


Wow.
cheetor71
Way too expensive.
PrimulArchangel
The current market value for one ounce of silver is $31.22 .. Thats all those coins are worth no matter what the theme of the coin is. You go and pay that $233.66 then get them in the mail and then go to a coin shop and ask what they will give you for them and it will be $31.22 each and you can keep the boxes they are in because they only want the coins cause they will melt the coins down lol.

My brother use to buy all those silver coins from TV ( like the walking liberty coin or silver eagle coin, 9/11 coin, ect ) that were " guaranteed " to go up in value ... Well he fell on some hard times and figure great i have these coins ill sell now.. He didnt even get back what he paid for them because the price he paid was more then the current market value. And he even went to around 7 coin shops and everyone of them told him these types of coins Never go up in value unless its market value.

So these Prime and Megs coins would be a total waste of money and should be avoided, they would be a very bad investment..

Continue: Generation 1 Optimus Prime and Megatron Silver Coin Set Discussion on the 2005 Boards!

 
Toy Arena