1974 Cook Island $50 Proof - Coin Community Forum

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Author	Replies: 5 / Views: 5,606
aladinslamp Pillar of the Community United States 3076 Posts	Posted 01/28/2010 7:15 pm I know little of this coin, except there were about 2500 minted...not sure where to list this either so I will start here,,, Any interest in something like this and how much are they worth? thanks...... Report this Post to the Staff

Ferret552 Valued Member United States 168 Posts	Posted 01/28/2010 8:18 pm Hmm... according to this Krause I have, it's KM 11, nearly 3oz silver, and worth about 60-65 dollars in UNC/BU. Doesn't look like silver though. Maybe it's the reflection... Report this Post to the Staff
aladinslamp Pillar of the Community United States 3076 Posts	Posted 01/28/2010 8:35 pm I believe its gold plated and proof,,,,what ever the differences are, I'm not sure what the KM? number is..... Report this Post to the Staff
aladinslamp Pillar of the Community United States 3076 Posts	Posted 01/29/2010 7:31 pm I found it online,, its the 1974 Cook Islands Churchill Commemorative Gold gilt proof, 2002 minted.. Report this Post to the Staff
Sap Moderator Australia 16859 Posts	Posted 01/29/2010 9:44 pm Yep, KM# 11a. Not particularly valuable, my 2006 Krause puts it at $35. With a BV at $46.80 at current silver prices, that estimate is obviously out of date; silver was only at $4.60/oz when it was printed. I'd put it in the $50 to $60 range. Of course, back when silver was at that very low price, coins like these caused no end of trouble for the Cook Islands government. Tourists (who may or may not have had links to organized crime) were coming in with suitcases full of coins like this, which they had acquired in their own country, and taking them down to the local bank and getting full face value for them - which was much more than the actual metal value of the coins. If they brought enough coins with them, they could make enough profit to pay for the trip. To put a stop to these "bullion tourists", the Cook Islands government was forced to demonetize most of the pre-1995 coinage produced in it's name. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
aladinslamp Pillar of the Community United States 3076 Posts	Posted 01/30/2010 01:14 am very interesting history there WOW....... Report this Post to the Staff
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