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 Replies: 25 / Views: 3,532 |
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Pillar of the Community
United States
1903 Posts |
These coins for current year seem to sell at about the same price as Silver American Eagles or Silver Maples, but with a total mintage of around 300,000, why do they not bring a bigger premium? Are they not that popular? All the brokerages describe it as a " popular collectible" yet they seem to usually have plenty in stock. I would think at only 300,000 mintage hardly any would even make it out of Australia. What am I missing here?
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Pillar of the Community
United States
1454 Posts |
Most Americans stick to American coins or just plain bullion and have little desire to buy a world coin like a Kook that costs considerably more than SAE's and may have less resale value here in the states.
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Pillar of the Community
United States
1795 Posts |
I have silver Kookaburras as well. Thats what I would call advertising hype. Still nice coins and still low mintage but not in demand is all I can say.
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Pillar of the Community
United Kingdom
616 Posts |
Check the prices on past years.
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Pillar of the Community
United States
808 Posts |
Actually current year Kooks tend to sell at a slightly higher premium over ASE's and CSM's. Historically, Kookaburra silver bullion coins usually appreciate very nicely year after year. Like traevin said, the North American bullion coins are far more popular here in the USA. Perhaps your dealer simply has more Kooks on hand than he feels comfortable holding. Who knows? Regardless, if you like the Kookaburra series and you can get them at the same price as ASE's, you might consider picking up a few. |
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Valued Member
United States
376 Posts |
I thought about purchasing one, but haven't yet BECAUSE of them premium. 2012 right now is running around $44 on Provident.
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Bedrock of the Community
13014 Posts |
Quote:
but haven't yet BECAUSE of them premium. 2012 right now is running around $44 on Provident.  I like the design I just have a hard time justifying paying large premiums on bullion coins |
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Pillar of the Community
1119 Posts |
and thats why we aussies dont buy em ;)
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Pillar of the Community
 United States
1903 Posts |
With shipping ( assuming I buy 20 ) I can get them at about $38.50 ( $3.75 over spot) each including shipping. The same site has ASEs at $37.75 ( $3.00 over spot) each at the same quantity including freight. A 75¢ premium over an ASE doesn't seem much to me. With the low mintage and potential upside numismaticaly the "Kooks" don't sound so kooky after all! |
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Pillar of the Community
Australia
518 Posts |
With spot currently at $31.50 AUD, I see rolls of earlier year kookaburras go for $700 all the time, that's $3.50 above spot
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Bedrock of the Community
13014 Posts |
rolls arent bad, but not everyone can afford or would want to buy by the roll
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Pillar of the Community
Australia
518 Posts |
Fair point, I can still assure you you can pick singles up for $35-$37 AUD
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Bedrock of the Community
13014 Posts |
If you know anywhere in the US that sells them for that price id get them. Like mentioned above though I've never seen them below 40ish and usually closer to 50 than 40
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Pillar of the Community
Australia
518 Posts |
I guess they're only cheap in australia
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Pillar of the Community
United States
1903 Posts |
The reason I chose 20 coins as my example is that anything less than that and the shipping crushes you. If you buy any coin one at a time, shipping is usually way more than the premium over spot. It seems that at about 20 coins, the shipping can be spread out enough over the coins to make it far less painful. Seems to me a lot of people neglect to add the shipping into their cost basis when they "invest" in coins one and two at a time.
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Pillar of the Community
United Kingdom
616 Posts |
Tell me where I can get them $4 over spot and I will order.
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Replies: 25 / Views: 3,532 |
Posted 09/04/2012 9:24 pm
