Bargain... much! Down to X20 "20 x 1992 1oz silver kookaburra coin"
- Thread starter thatguy
- Start date
Just as I feel like flogging my set off!Lunarowl said:Thanks for the offer RM.
I'm only missing 6 coins.. but really feel like abandoning this set now
Matthew 26:14
New Member
Lunarowl said:
I'm in if there's a free Big Mac meal with it !
Matthew 26:14
New Member
Presumably the 2oz and other sized Kooks will retain their value as only the 1oz can be reminted. Am I correct in this assumption ?
Is this considered the source of all truth for Kook mintages?
http://www.perthmint.com.au//docume...ra_Silver_Bullion_Coin_Series_1990_-_2010.pdf
http://www.perthmint.com.au//docume...ra_Silver_Bullion_Coin_Series_1990_-_2010.pdf
:/Bullion Baron said:
1for1
Well-Known Member
No Surprise then that we have all been left in the Dark about all this by the PM, understandably this will infuriate all KOOK collectors possibly to the point of effirgy burning... but in all seriousness...
The Perth Mint would be mad to publicise the fact they are revisiting the cash cows (kooks) and milking them until their udders bleed. ... knowing no good would come from it they have just swept it under the carpet like a dirty little secret.
FUSS UP YO... the truth will set you free... or release the angry mob. 2012 Year of the public backlash.
1for1
The Perth Mint would be mad to publicise the fact they are revisiting the cash cows (kooks) and milking them until their udders bleed. ... knowing no good would come from it they have just swept it under the carpet like a dirty little secret.
FUSS UP YO... the truth will set you free... or release the angry mob. 2012 Year of the public backlash.
1for1
Kooks are a beautiful coin. But I dont understand why everyone is kicking a up fuss about the reminting. Well I do understand why people are angry, but there were meant to be 300,000 kooks, so let them mint upto that number. However if they minted say 1 000 000 instead of 300 000 then thats a different story and I can understand people getting upset.
Official statement coming from the mint shortly - Ron is away, I will post it when received.
Can't speak for everyone, but for me, part of the point of having a numis/semi-numis collection is knowing that the coins are x years old - so now I will either have to dump the collection since I can't guarantee to a buyer when a coin was made, or split the collection in to known "original" coins and unknown or restrike coins. It's like having a 1938 Crown but then finding out it was actually a restrike from 1957 imo.hussman said:
So essentially, all the un-toned Kooks in my collection (since I bought it mid-late last year) could be made in 2010/11?Bullion Baron said:
1for1
Well-Known Member
hussman said:
Hi,
"but there were meant to be 300,000 kooks" .. i really think meant is the wrong word... the PM had a legislation upper maximum of 300K, so they were confined to producing no more than the 300K... In the unfolding 20 years a number of books and sites published the offical stats on mintages.. people made decisions based on the limited amount of these coins, now this history has been re-written so now not only has the population grown when everyone was under the impression the population was capped, now we have brand spanking varities which are freshly available in ample quanities.. my sympathy is for collectors holding these for 20 years but if you have not then id say you really wont grasp how annoyed that person is right now
OPERTUNITY COST - opportunity cost is the difference between the net value of the path which was chosen and the net value of the best alternative which was not chosen
Option 1: Buy 1992 kooks in 1992 and hold them for 20 years + hoping for some appreciation of price inflation (assumming ceteris parabis - with other variables remaining the same)
Option 2: wait for the mint to re-mint them 20 years on and use that additional money to buy other commodities or spend on leisure, pay down your house.. and then buy them in 2012 without toning in the more generic round cases.
1for1