1/10 oz Gold Cook Islands coin information

[srashid]

Hi guys!

Hope all are well.

I was wondering whether anyone knows anything  about the 1/10 oz Gold $10 Cook Islands Sailing Ship Bounty coins.

I can’t seem to find any information about it on the internet other than a couple of sellers selling these being from Germany.

Are these a legitimate release coin???

Thanks in advance for any info you can provide.

[davehard24]

I couldn't find it on Numista so had a quick search but didn't find this coin.

The line at the bottom of the coin doesn't look to clever for solid gold, but I am no expert here a newbie really. I am sure a more experienced collector will advise you.

[srashid]

Thanks for your comments davehard24. 

A fellow forum member believes the coin to be 100% genuine and being advertised by reputable German dealers. Apparently they just  quick off the mark with newly released coins which is why there’s not much info out there at moment. There should be soon though   

[Robb]

Understand that the Cook Island mint acts like a private mint in many ways.  You can actually petition them and they will mint you a coin of your own design and purity.  As a result, there are lots of dodgy Cook Island gold coins. Most famous are the 1/10 oz coins that are marked  "1/10 oz .24 pure gold" and sell for what a legit 1/10 oz gold would sell for.  It is buyer beware with anything from this tiny little Archipelago.  

Understand that not all their coins are intended to trick unsuspecting buyers.  They also mint legit coins and it looks like you have one.  It all depends on who commissioned it and what their intent was.

If you google "Cook Island gold coin scams" you will get an idea of what coins to avoid.

[daca]

looks genuine to me  (no .24 red flag)

https://www.emk.com/en-us/sailing-ship-bounty-1-10-oz-ibco002015

 

[srashid]

Thanks daca. Will take a look  

[srashid]

10 hours ago, Robb said:

Understand that the Cook Island mint acts like a private mint in many ways.  You can actually petition them and they will mint you a coin of your own design and purity.  As a result, there are lots of dodgy Cook Island gold coins. Most famous are the 1/10 oz coins that are marked  "1/10 oz .24 pure gold" and sell for what a legit 1/10 oz gold would sell for.  It is buyer beware with anything from this tiny little Archipelago.  

Understand that not all their coins are intended to trick unsuspecting buyers.  They also mint legit coins and it looks like you have one.  It all depends on who commissioned it and what their intent was.

If you google "Cook Island gold coin scams" you will get an idea of what coins to avoid.

Thanks Robb. Really useful information! Appreciate your input  

[dicker]

I have been to the Cook Islands a couple of times in the last few years, and there is no mint on the the main Island (Rarotonga) or any of the other Cook Islands! and no shops that I could find that sold any of the Cook Islands coins that we see for sale at dealers!  

When I last looked at who makes the Cook Islands coins I think they are variously produced by the following - so basically fully outsourced under license.

 - Mint of Poland

-  Meyer Mint

- And I think whoever mints the Niue Athenian owl but the name escapes me (Possibly NZ Mint)

Best

Dicker

 

[dicker]

Plus the 'National Collectors Mint'.....whatever that is!

[srashid]

2 hours ago, dicker said:

I have been to the Cook Islands a couple of times in the last few years, and there is no mint on the the main Island (Rarotonga) or any of the other Cook Islands! and no shops that I could find that sold any of the Cook Islands coins that we see for sale at dealers!  

When I last looked at who makes the Cook Islands coins I think they are variously produced by the following - so basically fully outsourced under license.

 - Mint of Poland

-  Meyer Mint

- And I think whoever mints the Niue Athenian owl but the name escapes me (Possibly NZ Mint)

Best

Dicker

 

Thanks Dicker. That is useful to know. I wondered who produced these coins as literally no information on website for Cook Islands Mint, only external mint website like you rightfully mentioned! 

[ZigZag]

On 14/06/2020 at 05:12, daca said:

looks genuine to me  (no .24 red flag)

https://www.emk.com/en-us/sailing-ship-bounty-1-10-oz-ibco002015

 

Glad to have found this thread. Firstly your link has provided me with another gap to fill 👍 Secondly, I’m not convinced about these Cook Islands coins now; think I’ll skip them from my 1/10ths collections.

[CollectForFun]

Hi, just curious - what makes you "not convinced" about this coin?

[ZigZag]

48 minutes ago, CollectForFun said:

Hi, just curious - what makes you "not convinced" about this coin?

Click the top link 🙂

[CollectForFun]

Ah, sure, that one is c**p, but the Bounty one is arguably perfectly fine. You can check it's sold by some of the biggest and most reputable dealers such as JM Bullion.

But of course, if you don't feel entirely comfortable about it, that's okay, there are plenty of others to choose from.