2020 Kookaburra

Discussion in 'Silver Coins' started by jultorsk, Sep 4, 2019.

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  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    It will be a bargain if silver goes to $40AUD and beyond and stays there. All a matter of timing isn't it?
     
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  2. Rod

    Rod New Member

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    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 .
     
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  3. TreasureHunter

    TreasureHunter Well-Known Member

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  4. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    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.
     
  5. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    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
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    What are you saying? They made more than they could sell?
     
  7. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    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 :)

    44250B37-8593-4485-983A-3B4EF410BBDD.png
     
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Apologies everyone, I’ve bought ALL of the 2020 1oz silver Kookaburra’s. ;)

    But seriously, they are selling fast.
     
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  9. Silverling

    Silverling Well-Known Member Silver Stacker

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    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?
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    FOMO is a hell of a drug
     
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  11. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    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 :)
     
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