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 Replies: 16 / Views: 2,722 |
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Valued Member
United States
196 Posts |
SORRY EDITED TITLE, 2000 Kookaburra, not 2012. My local coin shop got a 10oz silver Australian Kookaburra in. They are only asking $2 per ounce over spot, so $20 over spot overall. Definitely a good price, but I am tight on money and would have to cut into my morgan collection. I have a couple ms64 morgans that I could sell, so what do you think get the 10oz Kookaburra or keep the morgans? In other words which do you think is the better investment? Thanks! Edited by wildspinx
05/01/2012 3:28 pm
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Pillar of the Community
United States
1054 Posts |
Any idea how many 10 ouncers they minted? That would be the deal breaker. If it's less than 5,000, I would probably pull the trigger. In addition, the Kooks series of silver bullion are among the most sought after.
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Valued Member
 United States
196 Posts |
I APOLOGIZE, IT IS A 2000. And I know the kook's are sought after but I do not know the mintage on this year either :/
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Pillar of the Community
Canada
1731 Posts |
One Ouncers are selling way over spot, I would go for it
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Pillar of the Community
United States
5854 Posts |
I just checked ebay and two of them sold on Mar 7 and 10 for right around $400. The price sounds reasonable. Given that I am not too much of a bullion guy myself, I would probably keep the morgans. If silver goes up then, you will probably do a whole of a lot better in the Kookaburra than in the morgans. If it goes down the reverse will probably be true. |
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Valued Member
United States
196 Posts |
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Pillar of the Community
United States
1454 Posts |
I can tell you from my experience watching them go on ebay, the one or two ounce Kooks have a much higher premium than the 10 oz. and kilo sizes. This would only be otherwise if the Kook were a low mintage, boxed proof with COA. |
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Valued Member
United States
196 Posts |
well traevin like stated its a somewhat low mintage, under 5000 which is much lower than more current years, but there are several other years under 3000. But if silver continues to drop and goes under 30 an ounce I will definitely have to pull the trigger on this piece, otherwise my local coin club is having our show on may 12/13th so I may wait until then to see what other vendors have.
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Valued Member
United States
333 Posts |
If you have noticed, some of the PM dealers have recently started selling a lot of one ounce 1992 kooks. The Perth Mint apparently has some loophole language which allows them to continue minting products up to the mintage limit for certain coins despite the fact that the coins were made 20 years ago. I say forget about the kook and hold on to your morgans. |
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Valued Member
United States
196 Posts |
well I did already sell a couple items, so have around $400, but may hold out for a while and find something a little rarer to look into. I just of course like everyone else, like to buy rarer/government mint items for very close to spot to possibly turn or just hold onto.
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Pillar of the Community
United States
1454 Posts |
wildspinx, I find that proofs weather the storm of silver dips much better than bullion. If you need some ideas for potential buys, try this thread: https://goccf.com/t/112449 |
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Rest in Peace
United States
9104 Posts |
Buy the bird.
No one writes music about Morgans.
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Pillar of the Community
United States
3670 Posts |
I love Morgans esp a nice MS-64. But my mental scale says 10 oz. rare kook round out weighs value of 1 an 1/2 oz. of old graded silver....
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Valued Member
United States
196 Posts |
biggfredd and silverhawk- I completely agree with both of you. I don't think they will sell the 10oz before the show in a week and half, so wanna be able to see what everyone else brings to the table.
traevin- I do agree to an extent- but am not sure I completley follow by that thread. When you say proofs I am thinking of dollars/halfs/ silver proof sets. I am not thinking of each country like the silver eagle as a "proof" that is just what I consider bullion. I am still fairly new to this, so more explanation on that would be good. Everything I see in that thread is just the government mint bullion coins from different countries, not following on the proof part.
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Pillar of the Community
United States
3670 Posts |
Wild, they make many bullion items with proof finish (my stores definition of proof is simply mirror finish) and much with reverse proofs, such as the side of the Maple leaf frosted, an the leaf itself proof like....
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Valued Member
United States
196 Posts |
gotcha, practically like the Kennedy halves that are frosted. So I'm assuming these are lower mintage numbers of course, thanks hawk. |
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Replies: 16 / Views: 2,722 |
Posted 05/01/2012 3:27 pm
