This coming Friday, February 16th, marks the beginning of the Chinese Lunar New Year. The occasion signals the end of the Year of the Rooster and the start of the Year of Dog in 2018.
It is a time of celebration for many cultures around the world. Accordingly, the Lunar New Year is often seen as an auspicious time for buying gold and silver as gifts.
2018 Lunar Year of the Dog
In recent years, major mints that already strike precious metal coins have begun to grasp the opportunity to capitalize on the incredibly popular Lunar calendar theme.
Now that this idea has proven to be so successful, no less than 18 different countries have issued their own series of gold and/or silver Lunar coins!
The best-known among them—by far—is the Perth Mint Lunar series, which has been appearing on gold and silver coins each year for more than two decades. This makes sense given the close proximity of Australia (where Perth is located) to Southeast Asia.
Of course, government mints all over the world, including Britain’s prestigious Royal Mint, have adopted the idea as well. Perth Mint isn’t even the only state mint to do so in their own country: the Royal Australian Mint, which generally limits its activities to minting circulating coins made from base metals, has also expanded into Lunar gold coins.
Much like the way the South African Krugerrand revolutionized the bullion trade, Australia’s embrace of the Chinese Lunar theme has inspired a global trend across the bullion industry.
The Year of the Dog for 2018 is also quite naturally a favorite among the public. Few animals evoke as strong of an emotional response as “mankind’s best friend.”
In fact, excellent research by ancient coin expert Mike Markowitz for CoinWeek last year revealed that images of dogs have been appearing on coins since antiquity. This hardly comes as a surprise.
Those born under the sign of the Dog are said to be loyal, friendly, and tireless workers. In other words, they embody many of the best qualities of our canine companions.
The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.