Holy Kookaburras, Batman! - Coin Community Forum

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Author	Replies: 5 / Views: 1,392
barryg Pillar of the Community United States 5841 Posts	Posted 05/01/2013 10:01 am So apparently, the Perth Mint announced yesterday that they were cutting the planned mintage of 1-ounce Kookaburras in half to only 500,000 instead of 1 million: Quote: As you will recall, we previously announced that the 2013 issue would be the first in the program's 23 year history to have a maximum mintage of 1 million â€" double the limit for the 2012 release, which sold out. Demand for the 2013 Australian Kookaburra 1oz silver bullion coin has been extremely strong. To date, we have delivered more than 480,000 of these coins to wholesale and retail clients worldwide. With less than 20,000 coins remaining within the 2013 declared mintage, we expect to be able to announce sales have reached 500,000 in the very near future â€" at which point production will cease immediately. Even though I bought a tube of them a few weeks ago when silver prices started their steep descent, I thought it might be worth getting another tube today as prices dropped even further. And so I checked out provident Metals, which is one of the few places I know that still has them in stock. The price was around $27.49, which was about $4 over spot. I hate paying that much of a premium, but I figured I'd wait a little while to see how low silver was going to go today... Five minutes later, however, I refreshed the page and suddenly they were selling for $32.27! That's a jump of $5 in premium in a matter of minutes! I guess somebody at Provident just got the memo or something. Needless to say, I won't be buying anything today. Sheeeeesh... Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff

allspice Pillar of the Community Canada 746 Posts	Posted 05/01/2013 10:42 am Crazy! Quick jump on premiums there. Dealers are quicker than they were on the last drop. Silvergoldbull has the 10 oz. Kookaburra for $290, but they don't have the 1 oz. in stock... Report this Post to the Staff
barryg Pillar of the Community United States 5841 Posts	Posted 05/01/2013 10:47 am Yeah, the 10-ounce apparently doesn't have the limited mintage the 1-ounce does, so no jump in premium there. Provident Metals ~~still has it at $267 or so~~ apparently just sold out of them... Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
stud722 Pillar of the Community United States 1088 Posts	Posted 05/01/2013 10:59 am My local coin shop has some of the kooks but they are still at what he had to pay or $5 over spot. I think that he had them in the case for $37 which means he bought them when silver was around $32 an ounce. Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 05/01/2013 12:19 pm Happily, I grabbed mine last night, before Provident reacted to the announcement. I didn't get the lowest price they got down to today, but I was close. They're already more than $3 over what I locked mine in for and still climbing. Looks like for once, I finally pulled the trigger with almost perfect timing. YEE HAH! Report this Post to the Staff
barryg Pillar of the Community United States 5841 Posts	Posted 05/01/2013 12:44 pm Well, Kookaburras are out of the picture for me right now, so I bought 10 Chinese Pandas instead at $29.33 each ($5.99 premium). I previously ordered 10 a month or so ago, so this will let me fill a tube. Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
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