1997 Nugget Proof set advice

Discussion in 'Gold Coins' started by Shlomo Goldberg, Dec 10, 2020.

  1. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    G'day Stackers, hoping for some advice on a coin purchase. Is $5700 a fair/ reasonable purchase price for a full set of PM 1997 Nugget coins in the Jarrah holder & vinyl protective case?
    The set is 1/20, 1/10, 1/4, 1/2 & 1oz.
    Not much of a yard stick, but kjc had a proof 97 nugget for $3100, presume sold in the last few days, as it's no longer listed.
    Thanks in advance.
     
  2. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Thanks for your straight forward response, covering the different drivers in the decision.
    I agree 100% with your comment & rationale.
    I'll see if I can swing a deal closer to $5100 which is comparable to the 2021 BU kangaroo price.
    My principle is to "stack ugly", as much weight for the lowest price. Needless to say I've gotten side tracked more than once along the way.
    If I find anything in my travels that fits your early nugget interest, I'll give you a shout.
    What's the most reliable source for mintages on these coins?
    Thanks,
    Tony.
     
  3. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    I don't have the McDonald booklet yet. I have a Rennicks.
    I generally try to buy on a weight basis first & any numismatic value is a bonus. I like to swap out ugly for pretty 1:1 as the opportunities present & keep some trading gold in the float.
    Turned out the set cost me $5170, just over the current Nuggets of 2021. I prefer the older Nuggets now. I managed to get a couple of 1/2 oz "Hand of Faiths" today by luck.
    I definitely have a lot to learn as I go. I really appreciate the guidance of Stackers like yourself that are generous with their time & experience assisting some of us greenhorns.
     
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  4. projack

    projack Well-Known Member Silver Stacker

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  5. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    I'm enjoying the thrill of the chase. Thanks again for your help.
     
  6. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Thanks for the link Projack
     
  7. projack

    projack Well-Known Member Silver Stacker

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    I have all other PM years from 1986 till 2009.
     
  8. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Have you seen the square Jarrah box that holds the 1, 1/2, 1/4 & 1/10 proof nuggets for 1986, 87 & 88. 12 coins in total comes with 3 certificates & a booklet covering the history behind each coin?
    I haven't been able to find any info on that particular collection.
     
  9. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    That's the one, a lovely set indeed. Any idea how many sets were produced?
     
  10. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    mine is #150
     
  11. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Yes, that's what I was meaning to say. Maybe more correctly, it was the 150th box constructed. I think it's a keeper set though, beautiful presentation.
    The 97 proof set I came across had the original sales info too. $1625 off the top of my head.
     
  12. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Yep, correct $1625 was the issue price for the 1997 set according to my catalogue.

    I just remembered, I did purchase one of these 3 year sets back in the early 1990s at Stanly Gibbons ( Australia ) auction
    here in Melbourne for $2,000 plus the 10% buyers commission ( and I thought I paid too much then ):rolleyes:

    I wonder if any old hands on here remember that old auction house with Ivan Knox and the team.
    Boy I used to get some bargains there!
    And then it was off to IS Wright around the block to resell the items to them at a good profit, even after factoring in
    the 10% under spot prices that they offered.

    Talk about the good old days!:)
     
  13. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Nice little business model.
    The eighties were great. Freedom, good wages, affordable housing, lack of "diversity", music. The jury is out on the fashion though, that was pretty bloody terrible.
     

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