What would be the best Kook to invest in!!?
- Thread starter Leo
- Start date
worldbubble
Active Member
square vs round capsuleexcalibur said:
P.S. found original p.mint square capsules so now I'm making originals out of remints :lol:
Bullion Baron said:
Valid point, I got them too.
All the old kooks are good. My main argument is that it's unwise to pay through the butt for recent years just because you like the design more.
The remints of the old coins are a great investment because as the years tick on people will need them to complete the series.
We like to sook over the whole reminting fiasco and pretend they are less of a coin but in reality time will remove the stigma.
Imagine some genius starts producing square capsules?
My wallet's waiting.
roman said:
No worries mate...there's plenty of speculators who purchased re-strikes and good luck to them.
There's also many people who want to "push" the re-strikes for their own agenda.
In the OP, the question was asked....
"What would be the best Kook to invest in!!?"
Low mintage coins do not always provide a good investment and a product that has seen negative feedback may not make a good investment.
On the other hand...A Sold-Out mintage and a design that is well accepted by the secondary market which has...a good sales history would be my bet.
Fact remains, that prior to the re-mint fiasco the Kook enjoyed very good premiums.
Fact is, Perth and Perth distributors thought they could dribble the coins into the market and of course get top dollar until they got caught with their pants down.
Then the distributors were all in...they didn't care about original stackers and of course then they started off-loading rolls and rolls of restrikes to the flippers who wanted to make a quick buck just like the dealers.
Dealers win! Flippers fail!
Well...as we know the restriking smashed the confidence of the Kook market, as is evident by the feedback to Perth and Perth's new mintage policy and the mintage declaration of the 1oz Kooks form 1991 - 2007 and a whole pile of other bullion and collec tor coins.
Sure...you may be correct to say that in-time all will be forgotten with regard to restrikes, in fact... there's many people who purchased the coins hoping that the facts would disappear.
That could take awhile and... to buy such coins is a very speculative play.
In my book, I'd recommend the OP save his money and... "not" buy a 1992 Kook. A 2014 1oz Lunar Horse could be a better coin.
H
Holdfast said:
No agenda here, and I understand your angle having been a collector before they decided to remint.
Dealers didn't sell for big profit though, I was picking them up at $32 each when the mint flooded the market and it's easy to get more than that even now with spot as low as it is.
Mintage numbers are not everything generally, I agree, but I think there are enough potential collectors out there that over time every year will be as desirable as the next. As a result there is no point paying insane money for a design you like when you can pay much less for an older issue with a smaller mintage.
Time heals wounds, I don't know how long it will take, but for those who refuse to buy remints there will be others coming in looking for a set of shiny 90s coins in the future.
There is just no excitement anywhere in the PMs market at the moment, makes it very hard to judge whether the lull in kook purchasing is a lack of confidence in the series or in the metal itself.
Oh and for the record, I haven't learned my lesson yet, gonna get me some lunar horses for sure.
EDIT: no negative undertone to the above post for the record, not looking to argue.
excalibur said:
The remint is way more likely to be in tip-top condition and untoned.
Remints probably worth more down the road from now I reckon. :duck:
worldbubble
Active Member
remints or not remints is a thing for Australians or big long time fans of kookas, I think...
I have no problem moving kookaburras ... looks like only people in SS-land care about remints, square capsulles, etc ... all others I trade with care about quality of the coin ...
I have no problem moving kookaburras ... looks like only people in SS-land care about remints, square capsulles, etc ... all others I trade with care about quality of the coin ...
worldbubble said:
Buyers don't have a problem with remints.
Maybe all Mints should do it then. :|
worldbubble
Active Member
don't know about all mints, but I'd have some cheap pandas as well ... don't care that with the years to pass some people can afford the coin if they like itEureka Moments said:
anyway it is a bullion with the purpose of investing in metal ... not for players with numiZ thing
people made bullion look like numiz
Golden ChipMunk
Well-Known Member
Go for the 10 Ounces Kooks. More silver and chunky bird. 
roman said:
why not? lets hear some healthy argument here
anyway,its been almost 2 years with the remint fiasco and nothing has changed yet...and please,look at the last 2 years kook design...the current design stopped me collecting them completely.I even sold all my 10oz kooks( almost had the whole set from 92-2012 and took me hard work to get them) only kept the spare 08 but yeah,just like worldbubble said,the remint has/had/will different impact here in aus then anywhere else in the world...
excalibur said:
Hi excalibur, you might want to grab yourself a coin catalogue which explains about the different coins.
The Twentieth Edition 2013 Pocket Guide to Australian Coins and Banknotes by Greg McDonald is a good reference guide and maybe available at your library or...coin store.
Page 288 and 289 provides details to your question.
Perth have them but they are a bit expensive.
http://www.perthmint.com.au/catalogue/greg-mcdonald-20th-edition-pocketbook.aspx
H
PS:
Here's additional information regarding the 1oz Kookaburra nomenclature.
http://www.australianstamp.com/Coin-web/aust/bulldec/silver/silv1oz2.htm
alor said:which is the biggest kook :lol: is the best investment your money can buy.
Biggest silver kook, biggie birdie
no hummmer please
10oz 2008 Kooka is the best to look at hold in my hand and return on investment
Golden ChipMunk
Well-Known Member
This One - one Chunky old bird
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