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Kookaburra Two Coin Proof Set Proof and Privy what to look for.
What is a fair price to pay?
Two coin proof Issue sets as of 2014 are selling at auction for as low as 150.00 dllars and all the way up to 250.00 (even more depending on the set). It is important to acknowledge that shipping charges are usually always tacked on, so always check for that before buying. You must also be aware that the Australian Government taxes can be involved with purchases, and insurance may be required to ship.
Delivery time can be as long as 2 weeks depending on the post fee. As always you can pay more for shipping to receive delivery faster, so unless you plan on turning it real quick for a profit it is best to wait. I recommend paying for the insurance, required or not.
I pay less when I make multiple purchases from a Seller that can be combined for shipping.The average shipping charges you should expect would be around 10.00 to 24.00 in Australian currency. The Australian dollar is approximately 90 cents to a U.S. dollar as of 2/17/14. Understand what the Country's currency is valued at. If you are buying from another country is basic math skills.
When buying, sometimes high shipping numbers can be used in your favor-- meaning people may stay away from bidding.Which in turn means less competition and can actually make you spend less.
How long have you been collecting coins?
Two coin proof sets
2 coin proof issue sets became available in 1994 and ended in 2005.The Proof Issue dated 1994 is actually the same design used for the 1995 Coin Issue-- which is where the business strike is used.This system was used from 1994-2005, and the proof coins are struck more times to get the mirror like strike. Reverse Proof coins (or coin issue sets) are struck differently. Maximum mintage amounts varied throughout the years. Only 3 coin sets and single 2 oz sets were available.
This will give an idea of the rarity of the coins:
- 1994 mintage amount was a total of 500 sets.
- 1995 mintage increased to 600.
- 1996-1999 was increased to 650
- 2000 increased to 750
- 2001-2005 increased 800
This amount was issued to 1999.This is the 1st year of the Ian Rank Broadley obverse (head) side sculpture of Queen Elizabeth II.
From 1990 to 1998 Raphael Maklouf design was used.The reverse changes each year. The Perth mint designs a different reverse each year. These designs are done at the mint by various artists. The year 2000 max amount was increased to 750. In 2001 the max mintage was set at 800. This set amount was used until 2005 when 2 coin sets were no longer issued. This also is when the maximum amounts did not sell out.
A declared amount is used by the mint to verify the number of coins that were released by the mint. The maximum amount sets the number of coins minted not to exceed that maximum number.
- In 2001 only 323 were declared minted.
- The next year 2002, the declared amount rose to 342.
- In 2003 the number declared dropped to 232 sets.
- In 2004 the amount declared rose to 545.
- Because of the low declared mintage numbers, the years from 2000 to 2004 are extremely scarce.
- In 2005 the final year of the 2 coin sets.The mint added a colored background on the reverse side of the coin surrounding 2 kookaburras on a branch.this set sold 795 just short of the maximum of 800 shown on the certificate.
I have two of those sets in my collection which lowers the available number to 793! I'm holding on to the 2 sets for a while because the single 2 oz Proof coin sets were no longer minted in 2004 and 2005. Its probably the reason for the increased number of sets sold those 2 years.
Always look in detail at the pictures before buying!
There are plenty of places where you can find the sets. Local coin dealers may have some sets to offer, but buying on Ebay offers more options for purchasing online. Auctions, Coin Shows, email/talk to coin collectors for information, and Youtube to start. Bidding online through Ebay has been best for me. I especially like to bid on the 2 coin sets.
It is important to stay in your game and try not to overbid! Make sure you do your homework and study before committing to any bid. Really look at the coin. Examining the pictures carefully and checking out more than one shot can help tremendously! Try to buy sets that have certificate, case, coin capsules, and slipcover or boxes. Make sure to have a plan when bidding and set a maximum bid amount and like I said-- stick to it!
Always be aware that you are buying a real coin and not a fake. Check out on the video to get a basic understanding on what to look for in fake Kookaburras.
These sets are rare, but more sets will appear on the auction block in the very near future, so please don't do anything to drastic. If you have a particular Coin Set in mind, Buy it now on Ebay, or best offers are a quick but more expensive way to land sets. The best deals ob buy it now are always going to be gone the quickest.
I also buy from Coin Dealers in Australia directly when I find sets I want that aren't on Auction. Searching for small coin shops in Australia can certainly pay off. Buy it now prices offer less risk with your purchase and there is no stress in worrying if you are going to win the item. Check on return information if allowed.
Note: I will not buy Silver from China. To me it is not worth the risk. Not saying you should not, but always be cautious if you do!
How much should I pay? The sets are rare, condition should be like new for a complete 2 coin
How do I bid on Ebay?
Are you smarter than a 5th grader? Because my dad is just barely smarter than one and he can do it! I promise it will be easy enough for you!
I have a bidding strategy when I bid. This makes bidding much more fun and less nerve-wracking. I locate as many sets that I can find at auction. When I find a sets I like I put them all directly on my watch list. This allows time to study my selections and also keeps everything very organized.
I decide on what my maximum bid amount will be and how bad I actually want it. I may decide that I want the coin and bid just lower than the buy it now price. Be aware that the condition and certificate number of the coin set may affect my maximum bid. If there are already existing bids on the coin you want-- you will have to post a dollar above the last highest bid.
If you win you get the coin for just over what someone else was willing to pay. When the bid does go above your maximum, wait for another.. or buy it now. I may bid 150.00 or lower. Sometimes you get lucky and win the bidding at a low price. Most sets have a reserve price that has to be met. Take your time and have a plan. Make sure you checked out all of the information available before you bid, Most people buying proof sets are usually familiar with buying at auction. A little competition keeps the price fair.
Kookaburra 1 oz proof sets
Kookaburra 1 oz proof Issue began in 1990 and continued until 2005. The obverse side displays an image of Queen Elizabeth II designed by Raphael Maklouf which was use until 1999 when the Ian Rank Broadley design replaced it. The Reverse side changes each year. Designs are done by various Artists at the Perth Mint. The Kookaburra Proof design on the Reverse side is used again the following year as the Coin Issue design. All Kookaburra Proof Issue coins are minted at the Perth mint. The only exception being some sub sets done by the Royal Australian Mint to commemorate the 2000 Olympics. In 2005 a colored background surrounding two Kookaburras on a branch was added. The Proof Set Issue was discontinued making 2005 the final year for Proof Issue until 2012 when discover series was released. New Proof Sets are being introduced as this coin gains popularity. Discover series, High Relief, and privy mark kookaburra coins are being introduced as the growing demand for the coins continues. Finding older Proof Coins is can prove to be difficult as a result of low declared mintage numbers.
What are the actual mintage amounts on 1oz proof?
The maximum mintage number on the certificate verifies a not to exceed mintage number. The Declared mintage number released by the Perth Mint determines the actual amount of coins produced. The Declared mintage numbers from 1990 to 2010 are posted on the Perth Mint web site. Not all Declared Mintage numbers are available yet. In 1990 the 1 oz Proof Issue was sold with the coin in a plastic capsule encased in a black display wallet with a certificate of authenticity. The Maximum mintage number was 35,000 with a Declared Mintage of 21,671. This Maximum Mintage number was used until 1994. The 1991 Proof Issue Declared Mintage number fell to 6,673 and to 5,121 in 1993. By 1994 the Maximum Mintage number was lowered to 2,500 and was sold out. 1995 Maximum Mintage number was increased to 3,000 and also sold out. 1996 Maximum Mintage was set at 3,500 and sold out again.The 1997 Proof Issue had only declared 2,466 falling short of the 3,500 Maximum mintage. The wallet color was changed to blue also.In 1998 the maximum mintage was set at 2,500. A declared mintage amount of 2,114 was reported. By 1999 Declared Mintage was set at 1,646.For 2000 orange cases replaced the wallets. Declared Mintage number reported for 2,000 was 2,583. 2001 the Declared Mintage was 3,241 with the Maximum Mintage set at 5,000. The Maximum mintage number remained at 5,000 until 2005 when the Proof Issue were discontinued. The Declared Mintage fell to 1,733 in 2002 and a even lower 1,571,dropping to 1,446 in 2004 . A colored boarder surrounding two Kookaburras on a branch was the final design for the Proof Issue.
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