Value of 1992 Proof Silver Kookaburra
 

I just bought a One ounce 1992 Proof Kookaburra for $27.38 total. Was this a good deal? It is proof btw, and I thought that would add value to it.
Thanks for the help in advance!

Re: Value of 1992 Proof Silver Kookaburra
 

My main dealer sells them to me for 50 cents over spot when he has them.

Re: Value of 1992 Proof Silver Kookaburra
 

Good question so let's look at this transaction. Spot silver is at $16.35 and you paid $27.38 so you paid $11.03 in numismatic value or 11.03/27.38= 40.2%. Now what fundamentals about this 1992 proof kook justify this? what was it mintage number? are those minted still in existance? who is collecting this coin and why? The reason why I am going through all this is I participated in purchasing SAEs from a recent Universal Coin offer. I was contacted by one of their sales people. They mailed me information on the rarity of type2 and type 3 US double eagles. So now comes the sales pitch, the guy is trying to sell me a 1868s type 2 double eagle in au55 condition telling there are only(I forgot the exact number he said) something like 400 of these in existance. The asking price is $6200. Without me doing any reseach on this coin's value, I tell him that I don't invest this way, this is not my style of investing, I don't believe in its numismatic value when it is so far away from its melt value. Nevertheless he keep telling me how his company is a pillar of excellance...blah blah. He finally quit when I told him his invest was way illiquid and to prove it, why was he trying so hard at 8 oclock at night trying to convince me to buy it! After he hung up I checked PCGS website and they are showing that same coin retailing for around $1900. That fuvkin' scammer! But he'll eventually hook some poor sucker into this. These are the bastards who have ruined the fun of coin collecting.:banghead:

Re: Value of 1992 Proof Silver Kookaburra
 

Well I won't be buying it then. Thanks for the help.

Re: Value of 1992 Proof Silver Kookaburra
 

Buy. It's a good deal.
Mintage is only 6,766
Original issue price was $A47.50 way back in 1992
Was selling for between $A40 - $A50 during the recent highs in silver but prices has come down a bit.
The 1991 proof that I located on ebay will give you an idea of its present worth.

http://cgi.ebay.com.au/1991-Kookabur...QQcmdZViewItem

Re: Value of 1992 Proof Silver Kookaburra
 

I'm not a Kookaburra collector, but I thought they were all proof? Yes? No? :bear_wacko:

Re: Value of 1992 Proof Silver Kookaburra
 

Uncirculated 1oz Kooks restricted to 300,000
Mintage of proofs Kooks (1994) can run as low as 2,500

Re: Value of 1992 Proof Silver Kookaburra
 

Its a crap shoot.

If he is forced to sell at a local dealer and they will pay spot or under spot for this coin its not a good buy.

People that bought these for "$A47.50 way back in 1992" were robbed.

I know people that can't stand silver now as they were robbed buying silver like this.

Ebay.
<TABLE cellSpacing=4 cellPadding=1 width="100%"><TBODY><TR><TD noWrap align=left width="25%">Winning bid:</TD><TD noWrap>AU $29.99
</TD></TR></TBODY></TABLE>

Re: Value of 1992 Proof Silver Kookaburra
 

The total cost of that coin to the buyer was $A38 inclusive of shipping.
I have seen this coin achieved over $A55 inclusive of shipping less than 6 weeks ago when silver was at a high.
This present price reflects the current mood of silver.
Wait until the spot price of silver bounce up $5 and then the numismatic premium will leap up $15
And why would you want to sell a premium coin to a dealer who will pay you spot?
Commonsense suggest that you sell it where you can reclaim the premium that you paid.
On ebay there is always high demand and top prices paid for Kooks.


A better example of current prices being paid for proof Kooks.
This is a 1990 proof with a mintage over three times larger than the 1992 coin
http://cgi.ebay.com.au/1990-1oz-Silv...QQcmdZViewItem

Re: Value of 1992 Proof Silver Kookaburra
 

+1

If I was to pick up a proof it would be waaaaaaaaaaaaaay after the mint year. because of the reason you just said...... fools get suckered in to pay and inflated price and years later ......it never recovers.


T

Re: Value of 1992 Proof Silver Kookaburra
 

That's the only way to collect Kook proofs.
It took 16 years to breach and exceed the issue price on the secondary market.
Now it's on a roll.

Re: Value of 1992 Proof Silver Kookaburra
 

I don't see proof Kooks often enough to formulate an opinion on their worth but if you feel scammed in any way, sell it to me.

Below an uncirculated 1992, how is your coin different?

http://i185.photobucket.com/albums/x.../1992kooka.jpg

Re: Value of 1992 Proof Silver Kookaburra
 

The face is different, Tom
It shows a Kook feeding its young a lizard.
The pic I am uploading is an embarrassment but if I took a pic on my Kodak; I don't think I could do much better
Trust me, the actual coin looks a 100 times better :D


http://img3.freeimagehosting.net/uploads/ae70702726.gif

Re: Value of 1992 Proof Silver Kookaburra
 

I'm a little confused, I've got that coin but it's a 1993. So apparently the proof coins have different images than UC. I guess you could call the UC coins reverse proof with their frosted backgrounds.

http://i185.photobucket.com/albums/x.../1993Kooka.jpg

Re: Value of 1992 Proof Silver Kookaburra
 

http://www.australianstamp.com/Coin-...er/silv2oz.htm
http://ansuz.sooke.bc.ca/professiona...kookaburra.php

Kind of confusing, several designs made, BU/Proof

Re: Value of 1992 Proof Silver Kookaburra
 

This below from the kookaburra site linked from BullRider

"Fortunately, you can tell the difference fairly easily by comparing the design with the year. In most years, the reverse designs have been changed every year and the BU coin has been issued with the previous year's proof design. So in any given year, the proof and BU coins will have totally different designs on the reverse."

Well, that certainly explains that.

Re: Value of 1992 Proof Silver Kookaburra
 

Aurora et Luna, thanks for the help. I bought it, I'll let you guys know how it looks, but as most kookaburras, I assume it will great! Even if I didn't get a good deal, I'm getting a highly recognized coin that is pure silver, and it only about 11 dollars over spot. I spent that on lunch today.

Re: Value of 1992 Proof Silver Kookaburra
 

If you are collecting uncirculated Kooks as bullion, i.e purchasing the odd Kooks from sellers who are ignorant of its numismatic premium; then what difference does it make it there are lots of different designs?
If you are a collector, there is no confusion; you would actually welcome so many different designs.
As a collector, one of the main appeals of Kooks besides its quality is the fresh designs they release every year.
I also started an ASE collection but I soon lost interest because except for the date changes; one uncirculated ASE looked pretty much like another.

Re: Value of 1992 Proof Silver Kookaburra
 

When silver is back in Good News Mode; you would easily recoup double the premium you paid.
If you need more information about these little beauties; you will find more Kook collectors on the Kitco forum.

Re: Value of 1992 Proof Silver Kookaburra
 

Thanks for posting this been looking mintages on kooks & kangaroo's.
Got a 10oz 1992 Kook a few months back from my coin shop (he brought with a load of other stuff I ordered) didn't ask for a proof but got it for same price he was selling bullion. There was no certificate inside black case but can see the mintage number on the rim. It has a few spots of tarnish but not bothered.

Re: Value of 1992 Proof Silver Kookaburra
 

Jellylegs, I may be wrong but I think that's the serial number inscribed on the rim.
The mintage is 2,500 for that coin.
I nickname the Kilogram size Kooks... hummers and the 10oz..... Baby Hummers:D
That specimen of yours will make a mighty fine paper-weight on your office desk.

Re: Value of 1992 Proof Silver Kookaburra
 

Oops :embarasse I guess you can tell I'm new to this game. Number on rim is 2076. :D Good name my baby hummer has got a play mate a baby Dragon my first 10oz. My Dad's eyes popped out of his head when he saw them.

So what do you call a 1 kilogram lunar mouse? :thinkey: Now that is a beast. :shocked_ma:

Re: Value of 1992 Proof Silver Kookaburra
 

WTG!
I try to grab Kooks and Lunars when I can get hold of them.
Waiting for a baby hummer 1992 to be delivered :clap2:
Good that You mentioned the mintage # on the rim, going to check that when it arrives.

Re: Value of 1992 Proof Silver Kookaburra
 

If you guys want to own the best looking 10oz Kook; it's hard to go past the 2008
I own all the previous years and this year's model is definitely the best.

http://img3.freeimagehosting.net/uploads/3ed33055cf.jpg

Re: Value of 1992 Proof Silver Kookaburra
 

Yeah, the Perth mint had to do something in return for punting the last 3 years lunars so badly. Their 2nd year koala sucks too. The jury is still out on the 2nd lunar series.

The 2008 is a very nice one but I swear that I don't know how to pick the nicest of the series. Two shots below, the 2008 and a 1991. I guess I need to dig a 2008 out and do a better shot of it.

http://i185.photobucket.com/albums/x...okaburra-1.jpg

http://i185.photobucket.com/albums/x...2_edited-1.jpg

Re: Value of 1992 Proof Silver Kookaburra
 

Tom, I would be happy with those sort of results, any day.
Do you by any chance own any Skippy dollars? (Silver Kangaroos)
They are a bit pricey but just as well made as a Kook.



http://www.cruzis-coins.com/Kangaroos/index.html

Re: Value of 1992 Proof Silver Kookaburra
 

I don't have many, they are very pricey. I've got a couple of 2006 including the "selectively gold plated", a 2007 and a couple of 2003's. I have to admit that the Abo art on the 2003 isn't for me.

I don't understand why they are so pricey, they are decent coins but not close to the Kooks or Lunars.

Re: Value of 1992 Proof Silver Kookaburra
 

I think AeL says the rim number is the serial number whatever that means. Like I say I'm still learning, so I don't know if they are the same on all I guess they would be but don't quote me there are far more people here know more than I. With the prices for silver bullion coins in the UK being way way over what it is in the States & starting from anything from 40% over spot. Yikes :rant:

But like you when I find lunars at the same price as SAE or Libertads then you can guess which I go for. :D


AeL contemplating on getting the 10oz 2008 kook shortly & was going to get the 10oz Koala 2008. Unsure now based on what TomD is saying, then again I prefer 2008 koala pic to the 2007 1 oz. I guess it will just make it easier to sell when the time comes.

I guess the ladies & kids prefer the kangaroo's (cute & cudely) & maybe the reason for the price. Have to agree with you on the Abo art one I don't like it much either though got 1. I guess in the future those least liked could potentially become the rarest in the future, as they'll probably get melted first.

Re: Value of 1992 Proof Silver Kookaburra
 

The silver kangaroos is produced by another mint in Australia. The mintage is also very low (25,000) whereas the Kook is (300,000)
Up to 2006 both Kooks and Kangaroos were priced identically but in 2007 the Canberra Mint got greedy and increased the price by nearly 50%
I think both coins are now pursuing the numismatic path, pricing in larger premiums on their coins.

Re: Value of 1992 Proof Silver Kookaburra
 

Jellylegs, I would read your coin as number 2076 out of a total mintage of 2500
I also don't like the Koalas so my opinion is going to be bias towards the Kook.
From a "ease of resale" point of view, I would push towards the Kooks as it has been around for over 15 years and has build up a very good reputation for quality and collectability.
The Koalas has less than two years track record.
I very much doubt many Kangaroos will be melted down in the future.
There is a reasonable collector base and it's a very popular tourist souvenir

Re: Value of 1992 Proof Silver Kookaburra
 

Ooooow thanks for the info good to know have you got a link to the kangaroo mintages? They were the first I chose so got a few of the back years, long story but I was nearly born an Ozzie :D Plan to make a trip to OZ late next year for the first time, can't wait. :D

Re: Value of 1992 Proof Silver Kookaburra
 

The last time I contacted the Canberra Mint to find out the mintage for the 2006 Kangaroo, they gave me a figure of around 17,000. On the cruzis coins site they give a number around 25,000.
I wish they would get their stories right.
What part of Oz are you intending to visit?



http://www.cruzis-coins.com/Kangaroos/index.html

Re: Value of 1992 Proof Silver Kookaburra
 

Thanks Pity they don't have accurate figures like I've seen on here for the lunars, it just confuses things.

Re: Value of 1992 Proof Silver Kookaburra
 

I have stayed at Coolum ; you will like it.
Not as touristy as the Gold Coast.

Re: Value of 1992 Proof Silver Kookaburra
 

Sorry for interrupting this thread last one. I can't wait & found this so I can watch the sun come up when it is daylight on your time, it's fab. :cool:

http://www.coastalwatch.com/camera/c...dows&state=QLD