Very happy to have - Finally - received the 2013 Kookaburra 1kg Silver coin this week to add to the SMSF collection. It sure did take a while though. It's a lovely piece of workmanship, wrapped in a plastic shield case that keeps fingers and dirt / etc off it. It's a pretty hefty bit of coin, it goes into the vault this week (No, i don't keep any metals at home, that would be bonkers). The pictures on the 'net don't really do this coin any justice, it's extremely reflective, to a mirror polish. It has a value of $30.00 on it, though nobody would ever use it to buy $30.00 worth of goods. Which leads me to a question, it is obviously an official coin but why $30.00? Why not.. $50.00? Or a $100.00? What governs the 'numanistic?' value of a bullion coin? -FluffyWestie
1 oz = $1 so its very close to $30 given how close 30 oz is to 1 kg. 32.15 exactly. What governs the 'numanistic?' value of a bullion coin? - A numismatic coin's value is initally governed by the producer and seller .. ie: the PM, in the secondary market demand is the key variable governming the value. I would only call PM proof coins numismatic, IMO numismatic is overused for this modern stuff.. i prefer to use it for old circulated coins.. but Silver Stackers tend to use it as VALUE OF SPOT which is how i think you have phrashed this, especially as a bullion coin by definition is NOT numismatic. But if there is substantial demand in the secondary market and supply remains limited, the price will increase to meet demand.. thus increasing your kilo coins numismatic premium.. this is usually a function of its value of the silver spot price. thanks, 1for1
