1oz Kook Selling For US$150+

Discussion in 'Silver' started by SilverSale, Jan 11, 2011.

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

    Joined:
    Sep 25, 2009
    Messages:
    2,284
    Likes Received:
    190
    Trophy Points:
    63
    Location:
    Australia
  2. Comper100

    Comper100 Member

    Joined:
    Nov 16, 2010
    Messages:
    192
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Adelaide
    Wow, thats a fair bit...lucky I got a few ASE's myself :D
     
  3. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,386
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    tell him 'e's dreamin'
     
  4. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

    Joined:
    Sep 1, 2010
    Messages:
    3,572
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Brisbane/Greenbank
    Dreaming or not dreaming, he is gonna sell it for more than $150.

    Its a professionally graded coin, but not worth that much.
     
  5. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,305
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    The grading is something that's ingrained in the US Numismatic market. Here it goes more along the lines of F, VF etc etc. But really for mint produced coins not intended for circulation like ASE, Maples, Lunars, Kooks etc, the grading of 69 or 70 is a bit of a joke. This grading system was really introduced for coins that had been produced for circulation to grade their fineness, not grade coins right off the mint production line.

    ALL coins released by the Perth Mint would be either 69 or 70, you'd get a mixture of both in a random sample of coins off the production line. To pay $150 when the coin is worth more like $35 or $40 is pretty crazy.
     
  6. Argentum

    Argentum Well-Known Member

    Joined:
    Nov 7, 2010
    Messages:
    1,970
    Likes Received:
    40
    Trophy Points:
    48
    Location:
    Australia
    i wonder how much grading a batch of 10 kooks would be and straight on to febay to sell em
     
  7. dccpa

    dccpa Active Member

    Joined:
    Aug 29, 2010
    Messages:
    3,079
    Likes Received:
    8
    Trophy Points:
    38
    Location:
    USA
    I am wondering how many of these MS70s are fake? Considering that the Chinese are producing fake ratings, a lot of the feebay coins may be fake. It is amazing how many MS70 2010 Panda coins are being sold on ebay.
     
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

    Joined:
    Sep 25, 2009
    Messages:
    2,284
    Likes Received:
    190
    Trophy Points:
    63
    Location:
    Australia
    Final auction price of US $181.38.

    Ouch!!
     
  9. bungo

    bungo Member

    Joined:
    Jul 8, 2009
    Messages:
    123
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Melbourne
    That's just crazy. Wow.
     
  10. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

    Joined:
    Sep 1, 2010
    Messages:
    3,572
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Brisbane/Greenbank
    this 1oz-er sold for this much as its a professionally graded coin, take it out from the slab and
    ud be happy if u got $45 for it :)

    Yes, when they come out from the mint they are either MS69 or MS70 too, but this one
    is slabbed and has the grading company behind it.

    Lets start our own grading company ?!!! :)
     

Share This Page