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 Replies: 15 / Views: 2,924 |
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Pillar of the Community
United States
505 Posts |
I bought this 2 ounce Kookaburra today from my local dealer...It say .999 silver,but it looks gold...Does anyone know if any of these were gold plated from the mint?   |
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Pillar of the Community
United States
3670 Posts |
Cool, I did not know they made a 2 oz silver gold clad, but they must unless we are both color blind, via the Perth Mint. I love their silver, very nice to look at, nice piece. I like the two oz silver, feels like killing two birds with one stone eh..... Edited by Silverhawk74
04/10/2011 01:02 am
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Pillar of the Community
 United States
505 Posts |
I didnt know it either,all I've seen are the gilded coins,which started me wondering what was going on with this 2 ouncer!!.....
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Pillar of the Community
United States
505 Posts |
I guess I'm getting slow in my old age...I didnt catch that "Two birds with one stone "comment until now and I quite enjoyed it...LOL!
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Moderator
 Australia
16837 Posts |
There's nothing in the local catalogues about gilded 2 ounce coins. Some 1 ounce coins were officially gilded beginning in 2004. I would conclude that your coin is either (a) very strangely toned, or (b) gilded post-mint.
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
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Pillar of the Community
United States
3670 Posts |
Interesting Sap....
Yeah Frazzle, I say two bird with one stone often with gold clad on silver coins. Of course you would need many of them to acquire enough pure gold to be any relevance, and we have talked on this issue in another thread. But also as to say you can get two oz instead of just one with the 2 oz coins, getting you that much closer to a goal perhaps. Like me, I am always plotting how to quicklist get to 100 oz, before silver gets to high in cost. In my mind, it reminds me of those truck pulls where the rock load works its way up the back of the tractor, and inevitably it stalls out and spins tires, lol. Anotherwords, the higher silver goes, the less I can buy....
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Pillar of the Community
United States
505 Posts |
Sap is correct in that there is nothing on the net about gold toned 1995 Kooks,so I wrote to the Perth Mint about it..maybe theyll answer,maybe they wont,but I gave it a shot! ....I mean,I trust the dealer I bought it from,but its just odd!! |
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Pillar of the Community
United States
505 Posts |
Silverhawk...Ive all but given up trying to add silver at these prices,I only bought this kook because I didnt have one and it was there in front of me,but,I do suspect that PMs will continue to climb for a while...I just dont have the fortitude to ride the rollercoaster!!
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Pillar of the Community
United States
4008 Posts |
Quote:
I only bought this kook because I didnt have one and it was there in front of me,but,I do suspect that PMs will continue to climb for a while...I just dont have the fortitude to ride the rollercoaster! - Frazzle
It is, indeed, a very nice piece to acquire for any silver / coin collector. Good job on spotting and acquiring it! As to the price of silver... yeah, it has gone up a lot in the past couple of years but also looks poised to go even higher as the US dollar sinks even more than it has already. Printing new paper money by the ton can do that to any currency. Although I do enjoy collecting silver coins, and perhaps someday gold ones as well, the only way to ride this roller-coaster is to buy a silver ETF and then use trailing stops on it to protect your investment from a substantial downside market move. I understand that this is not the same as holding physical silver but it is a LOT more liquid in that you can buy and sell in seconds with a few mouse clicks. While not so good for collecting, it is excellent for investing!  |
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Pillar of the Community
United States
505 Posts |
ETFs are great if you have the stomach for them...But, when you can trade instantly like that,Im usually too quick to pull the trigger,when I should have waited a bit longer
Edited by Frazzle
04/10/2011 6:16 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
ETFs are great if you have the stomach for them...But, when you can trade instantly like that,Im usually too quick to pull the trigger,when I should have waited a bit longer - Frazzle
I've been investing for many years now and have no stomach left anymore.  The use of the trailing stops takes ALL of the pain out of investing in ETFs. You buy them when they either look reasonably priced to you or when you have some free cash available that you would rather hold in something other than US dollars. The real trick is to set your stop such that it does not respond to the day to day price moves but does protect the bulk of your investment from a sudden drop in prices. Worst thing that can happen is that you get stopped out with less profit than you might otherwise have made. That is the price we pay for avoiding a sudden price collapse and LARGE losses of principal. The trailing stop is probably the small investors best friend in volatile markets and is some very cheap downside insurance. |
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Pillar of the Community
United States
3670 Posts |
Bvalania, I did search on ebay for 2 oz kooks silver, and found 23 buy it now, the highest priced was like 229 and the lowest priced one was 120 with free shipping... To find one for less on ebay than a 100 at say 95 would be slim now, and it would need to be a running auction instead of buy it now. Late at night when most are sleeping perhaps  , you might find one end just under a 100 bucks.... Edited by Silverhawk74
04/18/2011 10:28 pm
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Pillar of the Community
United States
505 Posts |
bvalania....The dealer I bought it from is someone I've been dealing with for 25 years and he sold it to me for 84.00
Also,why would the dealer not sell you the coin?
Edited by Frazzle
04/19/2011 03:46 am
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Bedrock of the Community
Australia
21788 Posts |
I think that Kookaburra has just picked up an interesting golden tone. I have visited the Perth Mint in Hay Street. They have a 400 ounce gold bar on display in a strong room. You can actually handle it. That's over $600,000 worth of gold. I could buy a nicely restored 1930 Cadillac V16 with that! Saw one of these at a car club meeting in Sydney on the weekend. |
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Pillar of the Community
United States
1450 Posts |
sel 691,a V16? You could buy it ,but could you afford to put gas in it and drive it? I would probably put$600,000 of "discretionary" cash into one of those beautiful Lightning Ridge opals you have over there!
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Pillar of the Community
United States
505 Posts |
Id probably get arrested for trying to walk out with it!
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Replies: 15 / Views: 2,924 |
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Posted 04/10/2011 01:55 am
