Does anyone know why the price of the 2008 Australian Kangaroo silver 1 oz coins went up so much? I know silver prices have increased, but you can still get the 2007 coins for roughly the same issue price. I think the silver Koala coins will eat into sales of the Kangaroo coins if the prices stay as it.
Guessing perhaps they anticipate silver going up even more and don't want to have to readjust the price later. Or maybe they expect demand to be higher? Just guessing really.
How are they priced? Are they in Australian dollars or US dollars? If the price is in US dollars the price may reflect the weak US dollar vs the Australian dollar.
The US dollar is still more valuable than the Australian dollar, if not by as much as it used to be. If it was in US dollars the price if anything should be slightly less. http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=AUD&submit=Convert
If I recall, the prices were in AU and the 2007 silver kangaroo was $24.95. The 2008 was priced at $50. Double the price. Interesting enough, the proof prices for 2008 were either the same or almost the same (approx $65). I like to buy directly from Australia as you seem to get a much better deal than from US companies. That is why I noticed the huge price difference on the silver uncirculated coins.
