The 10 Worst Silver Coins for Investment

finicky

finicky

Well-Known Member
Silver Stacker
Came across this :(

The 10 Worst Silver Coins for Investment

8. Silver Australian Koala

5. Silver Australian Lunars

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7. Silver Australian Kookaburra

"Like the Silver Koala, the Australian Kookaburra is produced by the Perth Mint and is legal tender in Australia. The Kookaburra has one unique distinction: it's the only legal-tender coin to change its design annually. Kookaburras have been minted since 1965; ironically the year that U.S. coins were debased of their historic silver.

New Kookaburras sell for about $6 over spot, just like Koalas. They are attractive coins, too, and make a welcome addition to anyone's collection. So why are they ranked below the Koalas? Because market demand for cute Koala coins is significantly higher than demand for Kookaburras. What is a Kookaburra anyway? The 2007 coin is already selling at a $3 discount to the new issues. Thus, Kookaburras, despite their rarity and legal-tender status, most certainly can lose non-silver value in a short time."
 
The Kookaburra has one unique distinction: it's the only legal-tender coin to change its design annually.
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With the added exception of lunars ...?
 
Nabullion Dynamite said:
From the article it sounds like this person is only into low cost over spot goverment bullion coins like ASEs
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hmmm in 2010 if you had invested $10k 2010 ASEs vs $10k in 2010 kooks wonder which is ahead??

http://www.silvermonthly.com/the-10-best-silver-coins-for-investment/

Yeah bad advice alround

the Silver Maple Leaf remains one of the world's most recognizable silver coins, and is also one of the most aesthetically appealing. Maple Leafs are magnificently designed, and a truly beautiful sight to behold. They're also the purest of government-issued silver coins, at .9999 fine silver (most others are just .999).

New, uncirculated Maple Leafs tend to sell for around $1.80 and $2.50 over spot, just like American Eagles, but Maple Leafs tend to gain numismatic value more quickly. For instance, 2008 Silver Maple Leafs are already selling for around $3 over spot.
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Wholly carp them must be gooood drugs

The 2007 coin is already selling at a $3 discount to the new issues.
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2007 for $3 less then 2015 yes pls WTF
 
finicky said:
Came across this :(

The 10 Worst Silver Coins for Investment

8. Silver Australian Koala

5. Silver Australian Lunars

http://silver.wpengine.netdna-cdn.com/wp-content/uploads/2009/11/10_worst_072-150x150.jpg

7. Silver Australian Kookaburra

"Like the Silver Koala, the Australian Kookaburra is produced by the Perth Mint and is legal tender in Australia. The Kookaburra has one unique distinction: it's the only legal-tender coin to change its design annually. Kookaburras have been minted since 1965; ironically the year that U.S. coins were debased of their historic silver.

New Kookaburras sell for about $6 over spot, just like Koalas. They are attractive coins, too, and make a welcome addition to anyone's collection. So why are they ranked below the Koalas? Because market demand for cute Koala coins is significantly higher than demand for Kookaburras. What is a Kookaburra anyway? The 2007 coin is already selling at a $3 discount to the new issues. Thus, Kookaburras, despite their rarity and legal-tender status, most certainly can lose non-silver value in a short time."
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I basically agree with this list.. but its got some serious inaccuracies.. Kookaburras have been minted since 1965; ironically the year that U.S. coins were debased of their historic silver

Kooks since 1990 -- that's a huge error.

Rest of the list is spot on.. PM stuff for the stated reasons should be avoided.. especially due to capsules and high premium ..

Author is probably trying to rock the boat.. but SIZE is so important to a silver investor once you have graduated from rookie academy - so slabbed and capsuled stuff is automatically a poor choice for a silver investor.. also likely to make you reluctant to sell.. and have 1000 different varieties making selling them a headache..

Expect to see PM proof coins that were $109 at you LCS for spot + 10% in the coming years (like we get now for early numismatic packaged RAM and PM stuff nobody wants now)
 
1for1 said:
finicky said:
Came across this :(

The 10 Worst Silver Coins for Investment

8. Silver Australian Koala

5. Silver Australian Lunars

http://silver.wpengine.netdna-cdn.com/wp-content/uploads/2009/11/10_worst_072-150x150.jpg

7. Silver Australian Kookaburra

"Like the Silver Koala, the Australian Kookaburra is produced by the Perth Mint and is legal tender in Australia. The Kookaburra has one unique distinction: it's the only legal-tender coin to change its design annually. Kookaburras have been minted since 1965; ironically the year that U.S. coins were debased of their historic silver.

New Kookaburras sell for about $6 over spot, just like Koalas. They are attractive coins, too, and make a welcome addition to anyone's collection. So why are they ranked below the Koalas? Because market demand for cute Koala coins is significantly higher than demand for Kookaburras. What is a Kookaburra anyway? The 2007 coin is already selling at a $3 discount to the new issues. Thus, Kookaburras, despite their rarity and legal-tender status, most certainly can lose non-silver value in a short time."
Click to expand...

I basically agree with this list.. but its got some serious inaccuracies.. Kookaburras have been minted since 1965; ironically the year that U.S. coins were debased of their historic silver

Kooks since 1990 -- that's a huge error.

Rest of the list is spot on.. PM stuff for the stated reasons should be avoided.. especially due to capsules and high premium ..

Author is probably trying to rock the boat.. but SIZE is so important to a silver investor once you have graduated from rookie academy - so slabbed and capsuled stuff is automatically a poor choice for a silver investor.. also likely to make you reluctant to sell.. and have 1000 different varieties making selling them a headache..

Expect to see PM proof coins that were $109 at you LCS for spot + 10% in the coming years (like we get now for early numismatic packaged RAM and PM stuff nobody wants now)
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You're funny. I read this article when it first came out. I think the guy who wrote the article is some shill from the Canadian or U.S. mint (I'm from the U.S). um, have you looked at the prices for the 1st series one BULLION Lunar? I hightlight them simply because that was the 1st one to market, and YES, it is consider a 'pure bullion' coin. So mintage shouldn't matter to this author, and by the sounds of it, you either? Do you go on eBay and see the prices that the kooks are fetching, all day, every day? How about the older kooks and even the recent seriews 2 lunars? um, that would be the entire kook series? Even with spot down the 14/15/16 these are commanding some incredbily prices. But those who held eagles during this precipitous drop...ouch. How about maples? ouch. They lost their shirt and their arse. Sorry, if you listened to this article WHEN IT FIRST came out...you were hosed. I'm glad I didn't listen but exchanged my 2000 eagles for the 2000 kooks...and I'm doing just fine, thank you very much. LMAO.
 
barsenault said:
You're funny. I read this article when it first came out. .... Sorry, if you listened to this article WHEN IT FIRST came out...you were hosed. I'm glad I didn't listen but exchanged my 2000 eagles for the 2000 kooks...
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That's something I would be interested to know - when did the article first come out? I looked for a date of course on the quoted page but couldn't find any. So has his contention been disproven?
 
The author of the article comes off sounding just as uninformed and ignorant as some guy whose video on silver stacking was one of the first silver videos I'd ever seen back in 2012. In the video, the uninformed guy was stating that all semi-numis (like Perth Lunars and similar coins) are a terrible way to invest your money into silver as compared to investing that same money into generic bars.

Good thing I am someone with an open mind who questions all advice because I did not just blindly accept that advice as the only possible truth.

Like plenty of other stackers who invest their money into silver products like silver coins, I discovered that just the opposite could be true and especially during long periods of low spot prices, selling certain collector coins will actually net you a lot higher ROI than selling bullion SCMLs...not always, but very often with certain coins.

Another problem with the logic of the author of the shared article is that he assumes that "there's no reason to think the numismatic premium will increase too." if the spot price of silver leaps 177%. Does the author not understand anything about those who buy higher premium collector ("numismatic") coins?

Now it may be true that the percentage of increase that many collector coins may see is a lower percentage increase than low premium blobs or ASE's and SCMLs, but there's no sound reason to believe that the numismatic premium on certain coins may not increase some amount also.


Now if someone was certain that in a year or two the price of silver would skyrocket, then yes, I would say that buying the lowest premium blobs or bullion coins as an investment isn't bad advice...but that author is making irresponsible and false blanket statements.


It's because no single silver product will be the best investment all the time that some stackers diversify to some degree. This may be the best strategy for many stackers (not all).



.
 
This article has been around and made the circles several times. It was bad advice when it was written and it is bad advice now.
 
This statement by Missing is a true one. "Now if someone was certain that in a year or two the price of silver would skyrocket, then yes, I would say that buying the lowest premium blobs or bullion coins as an investment isn't bad advice...but that author is making irresponsible and false blanket statements."

I remember I read this article around the 2011 time frame as silver was tanking. If I had taken this guy advice and purchased 'cheap' eagles and maples, my investment would have lost greater 50%!! Instead, my investment grew, because I got the remint kooks for 'dirt cheap.' low 30's. look at the prices of these kooks now on eBay. with spot being 17. Nah, I don't believe a word of this article. he's a shill.
 
I didnt even bother to read the article and dont know why it was posted. Just the quote in the OP is absurd and wrong on many different levels. LOL
 
silverstar1 said:
I didnt even bother to read the article and dont know why it was posted. Just the quote in the OP is absurd and wrong on many different levels. LOL
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It was posted because I came across it googling some topic on silver that I now forget. I was shocked at the confidence of the assertion that the premium on kooks, koalas, lunars was mostly wasted money and sought comment here. Like many here we own these types and interested in any specialist opinions. Plenty of ways to go wrong in any investment and I look upon negative articles as possible wake up calls. If kooks koalas and lunars are ultimately poor investments we won't hear it from the Perth Mint. You need the alternative views to the views of those with a product to sell. The date of the article was an important test of the assertions but I could not find it.
 
The author of the article does state "If you believe, as I do, that silver is set to skyrocket". And if it's true that this article was written in 2009, I could just hear some stackers exclaim, "Hey, this guy is like an oracle because in 2011, the spot price of silver hit about USD $49!" But the truth is, "is set to" is very vague and could mean any time frame from tomorrow to a few years down the road. And what if the author always states something like "set to skyrocket" or "to da moon tomorrow"? Well then, I think the old adage applies here, ""Even a broken clock is right twice a day. "



.
 
kevalie said:
Totally agree with #2 Perth Mint items
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i would too. i'm not sure if anyone has made money on those things. maybe nice to look at, or buy them for the kids; but to think they're going to appreciate in value over the long-term...#dumb. Maybe if you get lucky and one happens to shoot to the moon, like the red spider or the santa maria great ship...otherwise, those perth mint items are duds. just look at the dangerous and deadly series. ouch. or any of the series. none of them have appreciated in value. too many minted, and too many new issues coming out, not only from them, but from all mints. And with spot down around 17.00, it would be nuts to buy them. :D

#2: Perth Mint Items

In addition to minting several Australian legal-tender coins, the Perth Mint also makes a variety of "specialty" rounds. These items feature images such as the Battle of Gettysburg, the First Man on the Moon, Barbie, and the Transformers.

Such novelty coins might be fun to own, but the wisdom of doing soeven as collectiblesis questionable, given the Perth Mint's huge mark-up over spot price. For instance, Battle of Gettysburg coins are currently selling at a mark-up of more than $110 over spot. While these could very well appreciate in value in the years to come, it's far smarter to take that $110 and buy another five or six one-ounce rounds.
 
Thanks for reposting it Finicky. Yes, this did the rounds a while back, but it highlights I cant even recall how many good or bad calls that I have read over the years - We really do go around in circles on this stuff....

If anyone feels they need the burden of the poor investment they made in their series one Perth Mint lunar coins give me a buzz, I will gladly take this miss guided investment of your hands for spot.
 
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