2002 1kg Kookabuura

Discussion in 'Silver Coins' started by Silverman99, Dec 13, 2011.

  1. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    I have a 2002 1kg Kookabuura which is now 10 years old

    It has never been touched and in the original capsule from Perth Mint

    It depicts the Kookaburra in flight with the map of Australia in the background

    I'm thinking of selling this coin and seeking ideas on current value

    Sholud I put up for auction or name a price and seeking ideas of what is a realistic starting point

    Appreciate any advice by either adding to this thread or email me

    Thanks fellow stackers
     
    Silverman99, Dec 13, 2011
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  2. Black_Sun

    Black_Sun New Member

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    IMO, unless you really need the cash *now*, its better just to throw it in a safe and (almost) forget that you even own it. The fundamentals of silver are impeccable. If you have grand/children, then just put it aside for them. It will be worth exponentially more in years to come.

    But if you must sell, then minimum price (today) = AUS$954.62, seeing as that was the last price quoted on Perth Mint website for buy back of 1kg of silver. Obviously you can get more if waiting is no problem.

    As you may know, there is a dealer in Auckland who deals in Perth Mint products.
    http://www.regal.co.nz/index.php
    He'll probably give a tad less than Perth Mint.

    Recommendation = don't sell, just yet. Forget you own it. Be patient :)
     
    Black_Sun, Dec 13, 2011
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  3. Black_Sun

    Black_Sun New Member

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    PS: Its clear that you're already a patient man if you're holding a 2002 Kookaburra. However, are you also aware of how Peak Oil is going to have a dramatic effect on everything, and its getting closer every day. The machines that they use to run the mines all run on petroleum, so then what will be the effect on silver prices (and everything else) if it costs twice as much to run the machines? :)
     
    Black_Sun, Dec 13, 2011
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  4. thatguy

    thatguy Active Member

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    I am a big fan of hummers. Most of my stack is 1kg coins... Unfortunately the 1kg kooks don't appreciate too much and most of my older (90s era) ones I picked up for around current prices. Have seen some go for more though... I hope this changes in the future ALA pandas, but if it does not as Black_sun says silver price alone will do you well over the long run
     
    thatguy, Dec 13, 2011
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  5. Matthew 26:14

    Matthew 26:14 New Member

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    I dont know your age etc but dying with money in the bank you have worked hard for is a waste. Ideally you should die with debt (as the debt dies with you!).

    So if you are getting on, enjoy the fruits of your labour :)
     
    Matthew 26:14, Dec 13, 2011
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  6. Nedsnotdead

    Nedsnotdead Active Member Silver Stacker

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    Man everyone is giving this stacker lots of advice when all he mainly wants to know what its worth.
    I reckon $1250
     
    Nedsnotdead, Dec 13, 2011
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  7. alor

    alor Well-Known Member Silver Stacker

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    should cost more than a pamp bar, may be ask some hummers lovers here to give you the offer.
    that will be more accurate figure to expect.
     
    alor, Dec 13, 2011
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  8. iceblue

    iceblue Well-Known Member

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    Wow you just reminded me of an old mate. Bunch of us used to share a house,Paddy was the youngest, 17 years old pulling $900.00 a week slaughtering pork. About $20,000.00 in the bank,he would borrow cash off me if he was short,he never touched his savings.
    Just after turning 18 he died in a car crash.
    He was hell bent on saving every cent,which is good to a point,but he will never see it.
    Nice to have some,nice to spend some.
     
    iceblue, Dec 13, 2011
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