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Perth Mint reminting early (1992) Kookaburra Coins

Thursday, April 12, 2012 4:05

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Much to the dismay of some Kookaburra coin collectors (see Silver Stackers for discussion on the news) the Perth Mint has started reminting the 1992 Kookaburra 1oz coin. While some different sized & design bullion coins are minted only in the year before and of issue, the 1oz coins from the Kookaburra series have always been considered open for reminting to bring their total up to the limit, although many weren’t aware they would go back and do so with a 20 year old design.

The following is a table (data from Perth Mint) showing the number of Kookaburras they could potentially produce if they remint the entire back catalogue up to their maximum limits:

Year	Max Mintage	Actual (10/2011)	Difference
1990	300,000	300,000	0
1991	300,000	283,766	16,234
1992	300,000	198,356	101,644
1993	300,000	180,473	119,527
1994	300,000	164,327	135,673
1995	300,000	134,535	165,465
1996	300,000	146,642	153,358
1997	300,000	149,219	150,781
1998	300,000	92,902	207,098
1999	300,000	104,433	195,567
2000	300,000	99,388	200,612
2001	300,000	164,480	135,520
2002	300,000	81,160	218,840
2003	300,000	93,596	206,404
2004	300,000	79,732	220,268
2005	300,000	84,448	215,552
2006	300,000	76,943	223,057
2007	300,000	202,506	97,494
2008	300,000	300,000	0
2009	300,000	300,000	0
2010	300,000	300,000	0
2011	500,000	500,000	0
2012	500,000	500,000	0
		Available to Mint	2,763,094

So there is the potential for Perth Mint to remint another 2.76 MILLION Kookaburras should they have wholesale clients or customers interested in ordering from the back catalogue (they would have to do so in large enough quantities to warrant it).

This event is likely to put some pressure on the premiums that most of the older Kookaburras have previously enjoyed as there is now a risk of their rarity being reduced.

It’s not the only time we’ve seen this happen, Perth Mint has reminted other various years at times (I assume after having large enough orders placed by wholesale clients), for example I am of the understanding that they were reminting 2007 Kookaburras in 2009 and 2004 Kookaburras in 2010. Note the date on the following box:

Further to the above evidence a user on Silver Stackers took note of the production numbers prior to the update in 2011 and it seems that all years that didn’t have the limit had extras minted up to October 2011 from when they’d last updated the count form (possibly 12 months prior).

The Perth Mint also took the liberty of reminting Series 2 Lunar 1oz bullion coins when they didn’t sell out in their release year, although they’ve made it perfectly clear that Series 1 Lunar coins are closed off regardless of the fact that many weren’t minted to their limits.

If you are interested in buying some of the 1992 1oz Kookaburras, freshly minted, in round capsules, then you can purchase them at Bullion Baron’s site sponsor Bullion Money.

Click this link or the image below to go to to the 1992 1oz Silver Kookaburra product page:

Perth Mint 1992 1oz Silver Kookaburra

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