Silver Kangaroo Coins and Milk Spots

Discussion in 'Silver Coins' started by Silverling, Dec 30, 2017.

  1. Silverling

    Silverling Well-Known Member Silver Stacker

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    Hi everyone, I have acquired some Perth Mint bullion Kangaroo coins, only a couple of years old. Most of them have got milk spots, is this common for these Australian coins? I thought it was mostly the maples that get the milk spots.

    Is it storage that causes this? Or is it a manufacturing issue? What about the new ones. Lets say I bought a tube of 2018 x 25 Kangaroo coins, would these automatically get the milk spots too?

    Any ideas or tips on storage? Any info would be greatly appreciated, thanks.
     
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  2. leo25

    leo25 Well-Known Member Silver Stacker

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    Yes some Kangaroo's have milk spots. It's a manufacturing issue, Perth Mint have reduced it's quality control to pump out more coins. Though i find maples are still the worst for milk spots. Philharmonics also have a lot of milk spots.
     
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  3. Silverling

    Silverling Well-Known Member Silver Stacker

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    So would you say that virtually any of the loose coins like kangaroos, crocodiles and funnel web spiders could get the milk spots? Would they get them if in an unopened tube?
     
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  4. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    yep
     
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  5. sammy

    sammy Active Member Silver Stacker

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    You would get in some of the looks and Lunars too
     
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  6. Silverling

    Silverling Well-Known Member Silver Stacker

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    Crikey you would hate to pick up a roll of defects like that. Nobody would want to buy them and all it's worth is a little over spot.
     
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  7. leo25

    leo25 Well-Known Member Silver Stacker

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    To be fair, they are the cheapest 1oz coins on the market. They sell for only $3.5 above spot, about the same price per oz as a 10oz cast bar.
     
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  8. alor

    alor Well-Known Member Silver Stacker

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    after eating the croc burp, then on the coin there milky spots, the croc is fine
    [​IMG]
     
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  9. WSF

    WSF Active Member Silver Stacker

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    Anyone know if this still an issue with the 2018 version of the kangaroos?
     
  10. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    I used to collect the Kangaroos, Crocs and Funnel Web but ended up moving them all on because of this. I just collect the "premium" Perth Mint 1oz coins now because I don't like owning milky/marked coins

    Can't see any reason why it wouldn't be. They're the same quality as previous years just a different year marked on them
     
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  11. WSF

    WSF Active Member Silver Stacker

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    Thanks. Yeah im the same.
    I know they are cheap and bullion is bullion but i cant handle knowing they are flawed.
    Pitty really.

    Are the 1oz kangaroo bars prone to spot?
     
  12. 777

    777 Member

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    Milk spots occurrence vary from year to year of the same coinage, anyone could comment on this?
     
  13. Davros10

    Davros10 Active Member Silver Stacker

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    When will someone take the mints to court for selling a defective product? The argument that these are "only" bullion is bullshit. They have destroyed faith and value in their products in the secondary market which must have an affect on the primary market.

    I've given up on BU coins and my stack is almost all now pre-decimals and round 50's. Even unblemished coins aren't safe as the milk spots can appear later.

    2 or 3 years ago the Crocs, Funnel webs and Wedge Tail Eagles all sold with reasonable premiums, not anymore with the trust in their enduring value destroyed.
     
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  14. whay

    whay Active Member

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    The only way is to boycott all these shitty coins. If tons of maples, kanga, phila, britannia etc are still being bought, why would the mints border. Blame those who still buy them every year. If stacking for ounces why not just buy bars or shot. IMHO charging a premium for milk spots is a crime!
     
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  15. 777

    777 Member

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    Have seen 1oz bars with milk spots too
     
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  16. barsenault

    barsenault Well-Known Member

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    But the point they are making 777 is, bars are like .50 over spot? Some of these bullion coins are 3, 4 and 5 over spot!! Why pay the premium if eventually they are riddled with spots?! You’ll never make the premium back. And because they are careless or could care less, it WILL impact sales on the other series like the kooks, Lunar, swans, birds of paradise, etc...where the premium is like 30.00 (plus) for the swans. This is why if I buy these types I will only buy and sell rolls only! Or I don’t buy!
     
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  17. leo25

    leo25 Well-Known Member Silver Stacker

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    Here is a pic of one of my 2016 kangaroo's. A lot of milk on this one. :(
    I've now come to the conclusion there is no point paying a premium for these coins anymore. Better off just buying a cast bar.

    kangaroo milk.jpg
     
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  18. Silverling

    Silverling Well-Known Member Silver Stacker

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    I agree. This is one ugly coin too. They are doing something wrong to have them looking like that after 2 years. Today I cracked open a roll of 2011 koalas and they are absolutely spotless and truly Brilliant Uncirculated. Same with the kooks, 2011 rolls in perfect condition. Buying 2019 kookaburras for $25 or 2019 kangaroos for $24, I'll take kooks anytime, or like you say, just buy the 10 oz bars.
     
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  19. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    I agree too! My roll of 2016 roo’s is a complete write off, and will offload them for melt once the spot price is high enough to cover the premium I paid.

    I’m heavily into the kooks now, mainly for that reason. And I’m a fan of the designs too, happy to pay the premium for quality coins. My stack is predominately that and silver bars to offset the premiums on the kooks and keep the dollar cost average in check.
     
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  20. barsenault

    barsenault Well-Known Member

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    Whoa. Those kooks are terrible. Ouch.
     

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