How do silver Kookaburra coins sell cheaper at USA bullion dealers?

Discussion in 'Silver Coins' started by Pendragon, Jan 20, 2025.

  1. Pendragon

    Pendragon Well-Known Member Silver Stacker

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    Does any one have an explanation on how USA dealers sell random year 1 oz silver Australian Kookaburra coins at AU$51.50 but Australian dealers sell them at $56?
     
  2. projack

    projack Well-Known Member Silver Stacker

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    May bee the GST.
    I remember in 2009 I bought a few hundred Lunar 2 Ox in the US because it was cheaper there.
     
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  3. Pendragon

    Pendragon Well-Known Member Silver Stacker

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    I do not think that Australian bullion dealers have to pay GST on Kookaburra coins. There must be some thing else that increases cost for doing business inflicted on Australian dealers.
     
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  4. Pendragon

    Pendragon Well-Known Member Silver Stacker

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    Was it cheaper even after paying for postage to Australia !?
     
  5. projack

    projack Well-Known Member Silver Stacker

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    Yes it was also other coin in it and buying few hundred on 10% cheaper ads up
     
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  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I think the USA and Europe buy 85% of these coins so therefore pay less.
     
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  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    They are priced as generics here.
    Same with Canadian Maples, Krugerands and any other Euro stuff. It's usually the cheapest bullion you can get around here.
    There isn't much of a premium on any of that normally.
     
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  8. dollars2

    dollars2 Member

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    Another thing to consider is I believe is much more competition in the bullion and coin business compared with Australia. In my town/city no dedicated commercial premises. On the rare occasion Cash Converters might have a few overpriced items!
     
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