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

[Pendragon]

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?

 

[projack]

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

 

[Pendragon]

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.

 

[Pendragon]

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

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

 

[projack]

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

 

[sammysilver]

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

 

[JohnnyBravo300]

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.

 

[dollars]

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!