Kook's are now $24.50

Never understood the premium for coins with mintages of 50,000 or 500,000, which isnt a part of a set like Lunars.

I can see many lunars being bought in ones and twos for personal sets, and over the 12 years many coins "disappearing" due to owners losing interest, or the 12 lunars are collected and staying in sets.

Where as Kooks being bought by stackers who HODL and when they die, tens or hundreds of unopened kooks turning up in estate sales or at dealers, killing the premium.

EDIT: just to prove me wrong, someone is selling 4 unopen boxes of S2 Rabbit Lunars, in the for sale thread
 
PM 1 kilo cast bar cost $654.35 while 1 kilo Pamp cost $655.91
Pamp used to cost much more, but yet some dealer selling 1 kilo Pamp for $751.91 another dealer selling for $708.90

item for item comparison, if adjusted for differences about $10

they are all just common bars, so there is no point to pay for huge premium differences
the alternatives may prove just a better deal
 
The kooks and lunars are cheap because there is blood in streets, and many diehard stackers have moved on, never to be seen or heard from again. Perhaps they've move on to seek their fortune in cryptos. Can you imagine what happens when silver and gold hits 10/1000 respectively. I think the most ardent diehards will move on. There may be a few people on planet earth who keep on keep'n on. I'll be one such person. Also, in this environment mintages of 300,000 and 500,000 is just huge! Prices need to come down. These are NOT the glory days of the past, where stuff like this would get gobbled up in weeks. Heck, the pigs are so bad, I'd be surprised if they sell 30,000 of the 300,000 of those in the 1 oz silver. Just atrocious.
 
barsenault said:
The kooks and lunars are cheap because there is blood in streets, and many diehard stackers have moved on, never to be seen or heard from again. Perhaps they've move on to seek their fortune in cryptos. Can you imagine what happens when silver and gold hits 10/1000 respectively. I think the most ardent diehards will move on. There may be a few people on planet earth who keep on keep'n on. I'll be one such person. Also, in this environment mintages of 300,000 and 500,000 is just huge! Prices need to come down. These are NOT the glory days of the past, where stuff like this would get gobbled up in weeks. Heck, the pigs are so bad, I'd be surprised if they sell 30,000 of the 300,000 of those in the 1 oz silver. Just atrocious.
Click to expand...
Diehard Stackers and collectors will always be around. Kooks and Lunars are cheap now because the Perth Mint lost credibility with collectors in 2012 when the numismatic value of their kook and lunar collections was destroyed through greed and questionable minting policies from the PM.
Times like these long term investor/collectors would be buying up a coin like the Pig, slow sales and a low spot price - perfect. But we know that if the Pig ends up being rare and commanding a premium the mint will just release more and dilute their value.
 
I don’t think they can after that fiasco. They have a policy that once the declared mintage is made, no more can be minted. I highly doubt they’ll renege on that policy, because whatever loyalty they had will be destroyed! They can mint them all, declare the mintage as fully minted and sit on them until they get stopped up by the market, but doubt that the mint would take that risk? Who knows.
 
barsenault said:
I don’t think they can after that fiasco. They have a policy that once the declared mintage is made, no more can be minted. I highly doubt they’ll renege on that policy, because whatever loyalty they had will be destroyed! They can mint them all, declare the mintage as fully minted and sit on them until they get stopped up by the market, but doubt that the mint would take that risk? Who knows.
Click to expand...
It’s a real shame but they already destroyed a lot of the long term loyalty they had when they stole value from their long term customers by re-minting a whole bunch of old kooks and lunars. That’s why they’re all so cheap now, no one’s prepared to pay the same premiums they used to on kooks and lunars, you can’t trust the Perth Mint to manage them with any sort of integrity.
 
bennybbc said:
It’s a real shame but they already destroyed a lot of the long term loyalty they had when they stole value from their long term customers by re-minting a whole bunch of old kooks and lunars. That’s why they’re all so cheap now, no one’s prepared to pay the same premiums they used to on kooks and lunars, you can’t trust the Perth Mint to manage them with any sort of integrity.
Click to expand...


Were they Mint marked? or was it undistinguished to originals?
 
alor said:
PM 1 kilo cast bar cost $654.35 while 1 kilo Pamp cost $655.91
Pamp used to cost much more, but yet some dealer selling 1 kilo Pamp for $751.91 another dealer selling for $708.90
Click to expand...

Have you already bought? Are they circulated bars/"aged bars" or brand new?

The price is so near to spot, their margin must be less than $10-$20.
 
Ipv6Ready said:
Were they Mint marked? or was it undistinguished to originals?
Click to expand...

No way of distinguishing, the reminted kooks were identical to the original ones. Well, apart from the old square capsule but that's easy to replace (original 1990-1999 kooks came in squares, the remints are all in round capsules).
Some threads here: https://www.silverstackers.com/foru...0-20-x-1992-1oz-silver-kookaburra-coin.24912/
https://www.silverstackers.com/forums/index.php?threads/perth-mint-mintage-policy.33294/
 
Last edited:
sgbuyer said:
Have you already bought? Are they circulated bars/"aged bars" or brand new?

The price is so near to spot, their margin must be less than $10-$20.
Click to expand...
https://sgd.indigopreciousmetals.com/bullion-products/silver/silver-bars.html

I got the other bar new JBR, presume they are new
I did not ask to view their Pamp bars, as I seen one before
they have $6 fee on check out, so need to buy more items, arrangement to collect as well
...not similar to BullionStar that does not charge a fee and walk in anytime

784845088_IMG_20181114_170254-Copy(2).thumb.jpg.908d89888ec1e710ded1d5a156fdfe08.jpg
 
jultorsk said:
No way of distinguishing, the reminted kooks were identical to the original ones. Well, apart from the old square capsule but that's easy to replace (original 1990-1999 kooks came in squares, the reminds are all in round capsules).
Some threads here: https://www.silverstackers.com/foru...0-20-x-1992-1oz-silver-kookaburra-coin.24912/
https://www.silverstackers.com/forums/index.php?threads/perth-mint-mintage-policy.33294/
Click to expand...
Yeah, same with the s2 mice and ox, they dropped $20+ per coin overnight, absolute disgrace
 
I think that top 10 list needs to be updated. Lol. I think number 1 has been proven false. Those things are worth a fortune, and hard to come by. Generally speaking good article, just a little dated. A lot of the premiums have come down substantially. You can get Kooks for the same price as eagles. To me, a no brainer which to stack...gazilllions verses 500k and with a design change every year. Even Panda premiums have come down too. If patient you can find them for just a tad more than the Kooks. The negative? Mintages are increasing by the million causing them to lose their semi-numi appeal, sadly!! Koalas- for me, fugly. Lunars over hyped for the premium charged (1 oz) although premiums seem to be coming down. The pigs are atrocious. I’d be surprised if they sell out of those!! If they do, I’d say games are being played betweeen dealer and mint. Because if more than 100 of those things are sold, that would be laughable. All my opinions of course
 
You must log in or register to reply here.
Back
Top