It will be a bargain if silver goes to $40AUD and beyond and stays there. All a matter of timing isn't it?
2020 Kookaburra
- Thread starter jultorsk
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Rod
Member
Love this guys will certainly buy this coin mind you I would buy any Kookaburra coins I don`t have that`s for sure .One of the best designs the Mint has done .
TreasureHunter
Well-Known Member
"Unlimited"? You meant like "QE" for pure silver coins?
That would be disaster.Usually they have a mintage limit of 500,000:
https://en.wikipedia.org/wiki/Australian_Silver_Kookaburra
I'm a fan of these coins...
The 1oz Kooka hasn't sold out the last couple of years (ie less than 500,000 mintage), but suspect this year will be over-subscribed.
The 1oz Kooka hasn't sold out the last couple of years (ie less than 500,000 mintage), but suspect this year will be over-subscribed.
Me too a big fan and will be interesting to see if this sells out
2018 in particular has a very low declared mintage and will be closing watching on the 2019
The 2020 should be a winner, well that’s my thoughts
TreasureHunter
Well-Known Member
What are you saying? They made more than they could sell?
Sorry only just saw this reply.
The below chart may answer your question. The Perth Mint didn’t produce the full mintage, probably because silver had been somewhat forgotten by investors in 2017/2018.
That is the sort of thing you want to see before a new bull market takes hold
The below chart may answer your question. The Perth Mint didn’t produce the full mintage, probably because silver had been somewhat forgotten by investors in 2017/2018.
That is the sort of thing you want to see before a new bull market takes hold
Apologies everyone, I’ve bought ALL of the 2020 1oz silver Kookaburra’s. 
But seriously, they are selling fast.
But seriously, they are selling fast.
I like the 2020 Kookaburra but what I find amazing is that last year at around this time you could buy the 2019 Kookaburras at around $25 an oz when buying the tray of 100. This year that same tray for the 2020 is near $32. Spot is up, we all know that but why the rush this year?
People are funny, when spot is down and just plain cheap they do not buy. Yet when it jumps like it has in the last 12 Months they are knocking the doors down to buy. So my question is why do people rush and pay substantially more for essentially the same product 12 Months later?
FOMO is a hell of a drug
Couple of reasons...
1. Some people are smart & buy based on when the silver chart is bullish. They don’t want to hold for 10-20yrs in the hope that it may turn bullish down the track.
2. Some people buy based on good design. For example I also bought a lot of 2008 kook’s when they were first released. Now they are worth quite a bit
1. Some people are smart & buy based on when the silver chart is bullish. They don’t want to hold for 10-20yrs in the hope that it may turn bullish down the track.
2. Some people buy based on good design. For example I also bought a lot of 2008 kook’s when they were first released. Now they are worth quite a bit
Krakked789
Well-Known Member
The reverse is a fantastic design. I like it more than the obverse, however it's awesome having two designs on the one coin with the queen shrunk down for size.
TreasureHunter
Well-Known Member
Sorry only just saw this reply.
The below chart may answer your question. The Perth Mint didn’t produce the full mintage, probably because silver had been somewhat forgotten by investors in 2017/2018.
That is the sort of thing you want to see before a new bull market takes hold
View attachment 28524
So, how do we find out about the real mintage?
This is the first time I see "unlimited mintage" for Kookaburras.
Krakked789
Well-Known Member
Also, wouldn't it be smarter to go for the 2017 and 2018 kooks if you can get hold of them?
Absolutely. The premiums on those years are already quite substantial thanks to the low montage numbers. I’ve got a couple rolls of each year in the deep stack, and will probably hold them for a few more years just for that reason.
Krakked789
Well-Known Member
I bought a nice stack of the 2018s last year for around $26 an ounce when nobody was interested in silver. I think it's also an underrated design and one of my favourite kooks.