Philippine Future Bullion Coins

gold new high - $1,513.60/oz.
silver new high - $46.77/oz.

silver high for the day - bid $49.83, ask $49.85
gold high for the day - bid $1,518.30, ask $1,519.30

gold new record $1,721.70 an ounce. or 21.1% increase this year.

gold all time record high - $1,780.80 an ounce.

at $1,799.20 an ounce of gold. most of the one ounce gold products can be worth over $2,000.00 each.

gold could easily pass $2,000.00 very soon. to see is to believe. next year $2,500.00 and up.

gold all time record high - $1,878.90 an ounce.

gold might pass $1,900.00 monday. (ny time). but who knows afterward.

tracy1947 wrote:

gold might pass $1,900.00 monday. (ny time). but who knows afterward.

someone in the US Plunge Protection Team please pull the stops. it's really getting too high for me

a dip to 1600 USD an ounce would be welcome even just for a month-long pullback.

just buy when the dips occur. cause the trend is still up for few more years. possibly $3,000.00 to $5,000.00.

all time record high for gold - $1,896.00/oz.
silver recent high $44.16

gold high - $1,913.60
platinum high - $1,921.00
silver high - $44.36

melt value for 1975-82 nickel five pesos is worth P 17.00.

melt value for u.s. five cent nickel is worth P 2.30. a little over 5 u.s. cent. but with production cost and others. it's worth 10 u.s. cent or P 4.60 each.

tracy1947 wrote:

melt value for 1975-82 nickel five pesos is worth P 17.00.

Hello tracy

do you know a place where they buy those coins i estimate to have more than 500 of them ...

why sell them?. that price is for melt value. after you keep those for 36 long years. say 1975. a five pesos coin became seventeen pesos. you actually losing money. if i am there. i might buy back 200.

i remembered during 1975-76. in-charged pacific banking safe vault is my good friend. i changed around 200 pieces from her. it's so bulky. all uncirculated. pure nickel. and she told me i got several thousand pieces more. if i want them.. ha ha. no thanks. unfortunately. when i immigrate to america. those five pesos coins plus many uncirculated peso, 25 centavos, ten centavos, five centavos and one centavos total around 20,000 pc. i have to return them all and deposited to the consolidated bank. no way i can bring those coins to u.s.a.

I don't think the country is capable or even prepared for an open bullion market; even worse, create its own coinage. As much as I want to see it happen, we have too many risks to consider. We have security issues, corruption, theft. Lahat ata ng masama nasa paligid lang. And also, who in the world would trust the Philippine Central Bank? Sariling tao nga hindi naniniwala sa sariling tao. Haha. Just my opinion!

you are right. but then. if the philippines produce this silver bullion coin. most likely 95% will be sell to the american. just like the australian lunar series II silver coins. there are very thin market about silver round around the world except u.s. and the future buyers like china and india. american like silver round while the other countries like gold and silver bar instead.

That's true, but there are two further reasons that the Philippines and the BSP may be reluctant to get into the silver bullion coin market. The countries now turning out such coins are established players with extensive wholesale and dealer networks built up over many years. Any "new entry" into the market faces an uphill battle.

The market operates on a razor-thin profit margin. The speculators only buy coins when they are selling at or very close to melt. Otherwise they will buy actual bullion.

I must disagree with Vensinton on one point: As a country, the Philippines should NEVER say "can't" or "not capable"!

Kalookan

Kalookan wrote:

That's true, but there are two further reasons that the Philippines and the BSP may be reluctant to get into the silver bullion coin market. The countries now turning out such coins are established players with extensive wholesale and dealer networks built up over many years. Any "new entry" into the market faces an uphill battle.

The market operates on a razor-thin profit margin. The speculators only buy coins when they are selling at or very close to melt. Otherwise they will buy actual bullion.

I must disagree with Vensinton on one point: As a country, the Philippines should NEVER say "can't" or "not capable"!

Kalookan

I meant in the present situation. I should have added 'yet' in that sentence. So our country is not 'capable' yet. I'm not actually sure if we even have our own mint. As for as I know, there's the American Mint, Royal Mint, Royal Canadian Mint, Australian Mint, etc. But Philippines? I'm not sure if we actually mint our own coins, or ask for the service of a foreign mint.

But then, of course, the Philippines can. I'm actually very optimistic of our capacity to flourish in the next two decades. Hopefully, good governance presides over the land before opportunity arrives at our doorstep. We are still a developing nation after all, and the transfer of wealth from west to east should benefit us as well.

Update: May Manila mint nga pala...

If they start to produce nice coin sets with animals like fishes and animals the collectors will buy them. The most collectors are interested in value and beautiful coins. When i watch the philippine spezial editions there are many coins where you could ask me 20 minutes later and i could not describe them anymore.

20 Years ago near to nobody collects China Coins till they start with the nice panda series. They are beautiful and made by silver/gold. And in the whole world they are collecting them

Just my two cents and i collect the philippine coins complete even the old cuartos if i get them

there is an existing coin mint in the philippines located at east avenue, quezon city (in front of east avenue medical center).. they do mint our coins but it seems that some of our commemorative coins were minted elsewhere... you can confirm this with employees of the bsp..

Bantayan wrote:

If they start to produce nice coin sets with animals like fishes and animals the collectors will buy them. The most collectors are interested in value and beautiful coins. When i watch the philippine spezial editions there are many coins where you could ask me 20 minutes later and i could not describe them anymore.

20 Years ago near to nobody collects China Coins till they start with the nice panda series. They are beautiful and made by silver/gold. And in the whole world they are collecting them

Just my two cents and i collect the philippine coins complete even the old cuartos if i get them

Actually, the country lacks credibility. I don't think it's only about beauty and value. It's important to be known for some good as well, like quality industrial goods. And besides, I guess the more important thing is marketing, exposure, and DEMAND. Now, hardly anybody here in North America cares about asian coins, except Chinese, mainly because that market is picking up. Maraming mayamang Chinese dito. And China, as a nation, has been doing so well that people's purchasing power there has increased dramatically in a short span of time.

Here, I can see that Chinese people are not only looking for Panda gold and silver coins, they're also as willing to explore into their confusing historical coins.

So in a nutshell, the Philippines has very little demand at the moment; thus, it's not feasible a business for BSP to go toe-to-toe with the giant mints.

al.plata wrote:

there is an existing coin mint in the philippines located at east avenue, quezon city (in front of east avenue medical center).. they do mint our coins but it seems that some of our commemorative coins were minted elsewhere... you can confirm this with employees of the bsp..

I see, that's good to know.

i thought central bank of the phillipines produces coins. the one located at b.f. harrison. is that obsolete already. when i was there. during 1975 to 1982. the central bank produced all the bayong lipunan paper notes and circulating coins. because the commemorative silver coins mintage were so mininal. maybe they just let the franklin mint do it. and those packaging is very beautiful and presentable. unfortunately the franklin mint is gone. then came the pobjoy mint. i don't like it.

if central bank want to produce the future silver commemorative coins or bullion coins. they can do it. just buy the machinery. the facility is already there. isn't it?. and we need collectors in the philippines to support it.

go go philippine eagle on the obverse and philippine seal on the reverse. one ounce silver .999 fine. 40.6 diameter. same with that of american eagle. make it yearly. proof and burnished uncirculated with nice, presentable box and certificate of authenticity. and bullion version for common people, young and newcomers.

p.s. be sure that the quality is very important. nowadays, people are collecting proof70, 69 as well as MS70, 69. even the bullion should be those grades as well. so that we can compete with others around the world.

the coin mint facility is featured in a silver commemorative coin (which also is subject of discussion- 50% or maybe higher silver content?).. it has been in operation for a long time now... the big complex at fbharrison is still the head office of bsp.. re future silver coin- we hope and wish that they (bsp) think of this nice thing.. thanks..