I have been slowly putting togeather a set of Kooks and have been hunting for the older dates but now i'm wondering whats the point. Should I just sit back and wait for the 93 and 95 to be reminted some time in the near future? Perth Mint just sucked all the fun out of the collection process!
I called Ron Currie on Thursday about another matter and asked him directly if the PM were minting new 92 kooks. He said no. He agreed that reminting does occur ESP for some German collectors. He denied any reminting of the 92 kooks? He also said that any reminting will be disclosed to the public. If what he is true - the only explanation is a large buy back from a collector. Please Ron come on to this forum and clear this matter up for us. It is impacting the value of our kook collections and does need to be clarified.
Will goldstackers have these in stock at any point? Does anyone know of any local dealers that have them for a decent price still?
Yes, Gold Stackers will offer some direct to our brokerage clients, some will be put on the website, and I'll put some up for unallocated redemption. Will see how many we can source if there's further interest. I'll be squirreling away a roll personally.
nice. Yeah I'm the same, I was disappointed with my initial purchase to begin with but upon reflection I think I may buy some more. Haven't been able to find an aussie dealer with them though EDIT: BB still has some.
I'm completely fed up with the Perth mint. 1st I paid a massive premium on the 1oz mouse only to watch their value dissapear when they were re minted. Then I invested heavily in the dragon assuming there would only be 300k minted only to watch the value of my investment drop in value when they minted another 200k of them. I turn to the kooks and true to form they destroy the premium on my collection of those. Perth Mint are rubbish. If a 1992 coin has a mintage of "X" it should stay that way. Its a 20 year old coin FFS. I have paid premiums on these coins based on rarity only to have those dollars robbed from me by a greedy opportunistic mint that has shown no respect or appreciation to the customers that have supported their products. There are so many coins they could mint in unlimited numbers, but they choose to erode the wealth of their biggest supporters instead. Disgraceful. Shame shame shame. I'm derrin hinch
If I remember correctly (and I might not), but the 1oz Kookaburras are like the 1oz S2 Lunars in that they have an authorised mintage limit on year-dated coins rather than a cut-off date for when they can no longer be minted. e.g. If the mintage limit is 300,000 for a coin with a 1998 year date then the Perth Mint can make 300,000 coins with 1998 stamped on it as and when they like. I did a tally on unfilled Kookaburra mintages a while ago: Perth Mint 1oz Kookaburra Coins Year Max Mintage Actual Mintage Difference 1990 300,000 300,000 0 1991 300,000 278,136 21,864 1992 300,000 195,118 104,882 1993 300,000 165,406 134,594 1994 300,000 153,414 146,586 1995 300,000 131,411 168,589 1996 300,000 146,286 153,714 1997 300,000 147,781 152,219 1998 300,000 91,550 208,450 1999 300,000 98,513 201,487 2000 300,000 93,238 206,762 2001 300,000 158,969 141,031 2002 300,000 76,245 223,755 2003 300,000 86,737 213,263 2004 300,000 74,059 225,941 2005 300,000 80,336 219,664 2006 300,000 73,765 226,235 2007 300,000 197,229 102,771 2008 300,000 300,000 0 2009 300,000 300,000 0 2010 300,000 300,000 0 2011 500,000 500,000 0 Total Unused Mintage 2,851,807 If the mintage limit is x, regardless of when the coins are actually minted, they've got a 2.85 million backlog to work through.
its all depends on our perspective view, PM provides bullion coins at very good price for people to buy, rather than paying some high premium, we may get value for the new coins and save cash and get more kookaburras
In other words, kooks with the lower mintages that are harder to get and usually come with a higher premium will be the years that are worth the least when they mint them up to 300'000. So 1990 was minted to the limit, 91 has less than 22'000 left so they jump to 92, then 93, 94 and so on. A 98 kook will be worthless when they flood the market with anothe 200'000 of them, more that double what exist at the moment. The long term value in collecting kooks has just vanished. The key dates are now 90, 91, 2008 and onwards. The rest will become available at bullion pricing sooner or later.
it is very hard to understand silver buyers, when prices are low and the silver interests are low and PM 1992 kooks at bullion prices, it makes no sense not to buy them...unless one has the view that price may be headed lower. the mintage 300k is really low compared to those 6M or 30M pieces etc.
So if you have any of those lower mintage kooks and they are achieving a nice premium at the moment, SELL !
How about we don't let emotions get out of hand and wait for GP to contact Perth Mint and get an official statement. malachii
I agree, from a buy perspective it's a great deal but it doesn't help the people that have had the value of their coins eroded. 2 completely separate arguments. And sure 300k is a small mintage compared to 6M plus, but it is still 3 times larger than 100k.
Fair enough, but if we take into account their track record... It sounds like a duck, looks like a duck........... :lol:
yeah Basically how i see it also; we should assume that they will all get reminted to the max 300K... and that the ones with lowest mintage will shortly be reminted in UNC untoned condition in the new round capsules.. praise be.. just have to hock off my key dates ASAP.. see you on ebay. Great News on my 1990 stockpile but. RE: waiting.. its fun to speculate on coins i have already purchased (the cognitive dissonance needs to be disscussed) 1for1
So wait, they're actually retroactively resurrecting the mintages of these coins??? WOW. Talk about some disturbing necromancy :-(
If they gonna keep re-minting them it is gonna be easier to put together a full roll set of each year something good in a "bad"
