1oz gold Eagles

Discussion in 'Gold Coins' started by Aureus, Apr 12, 2012.

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  1. Aureus

    Aureus Active Member Silver Stacker

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    Why does such a common coin with a large mintage warrant such huge premiums?

    Also why are they so hard to get here? :p
     
    Aureus, Apr 12, 2012
    #1
  2. hiho

    hiho Active Member Silver Stacker

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    gst
     
    hiho, Apr 12, 2012
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  3. goldpelican

    goldpelican Administrator Staff Member

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    22k, so they are subject to GST here.
     
    goldpelican, Apr 12, 2012
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  4. Ozboy

    Ozboy Active Member

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    Does 18 ct also attract gst?
     
    Ozboy, Apr 12, 2012
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  5. goldpelican

    goldpelican Administrator Staff Member

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    Yes
     
    goldpelican, Apr 12, 2012
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  6. Aureus

    Aureus Active Member Silver Stacker

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    ah, thanks so much, I had no idea.
     
    Aureus, Apr 12, 2012
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  7. TheBullionBoss

    TheBullionBoss Member

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    Hmmm bought a dozen of.these from the us sent them back.because of the tax haha pathetic
     
    TheBullionBoss, Apr 12, 2012
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  8. Cimexus

    Cimexus Member

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    Yeah I kept forgetting about that rule as well and was always wondering why AGEs were going for so much more than Maples/Roos etc. Anything that's not 995+ fine Au, Ag or Pt has GST. (Or, did you mean you had no idea that AGEs were 22k, not that you had no idea about the GST rule?)

    (This also means that Pd and some other less common metals that have been used in bullion coins aren't attractive to Aussies, either).
     
    Cimexus, Apr 13, 2012
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  9. SA@YPS

    SA@YPS New Member

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    What kind of a premium do you guys pay? It's around $40-$60 here in the US.
     
    SA@YPS, Apr 13, 2012
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  10. Aureus

    Aureus Active Member Silver Stacker

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    Ashamed to say it but I had no idea they were 22k...
     
    Aureus, Apr 13, 2012
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  11. Iluvnumbers

    Iluvnumbers Member

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    typically $150-180 over spot!
     
    Iluvnumbers, Apr 13, 2012
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  12. Nugget

    Nugget Well-Known Member Silver Stacker

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    Why be ashamed?

    We're all here to learn. Well maybe not all of us but certainly a large percentage.




    ATO - Get a clue. AGE, Krugerrands and Sovereigns are NOT jewellery.
     
    Nugget, Apr 13, 2012
    #12
  13. TomD

    TomD Member

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    US Buffaloes are .999 and will avoid the tax---

    [​IMG]
     
    TomD, Apr 13, 2012
    #13
  14. Aureus

    Aureus Active Member Silver Stacker

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    They are a nice coin too TomD but I think every stacker needs an Eagle in their collection.
    Well that's how I feel anyway, it's just a shame the premiums are so high because I want to ensure a quick sell when the time comes and that may scare some off.

    Has anyone sold one recently?
     
    Aureus, Apr 15, 2012
    #14
  15. Nugget

    Nugget Well-Known Member Silver Stacker

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    Do 1/10 count? I do hope that they do because then I'll be in the cool kids club
     
    Nugget, Apr 15, 2012
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  16. fishball

    fishball New Member Silver Stacker

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    Ossie sold them recently through bullionmoney. Not sure if he has any left though.

    This is the 1oz size.
     
    fishball, Apr 15, 2012
    #16
  17. Nugget

    Nugget Well-Known Member Silver Stacker

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    Nugget, Apr 15, 2012
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  18. Aureus

    Aureus Active Member Silver Stacker

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    lol sure sure 1/10oz counts, that's all I have :)

    Thanks, I saw those on bullionmoney, thus why I created the thread. No disrespect intended to Ossie but it takes me a very time to save up money for bullion these days so paying nearly $1800 for 1oz of gold is a big turnoff.
    At least now I understand why the price is what it is :)
     
    Aureus, Apr 15, 2012
    #18
  19. yan

    yan New Member

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    If AGE and gold buffaloes are selling at the same price, which one should I pick and why?
     
    yan, Apr 15, 2012
    #19
  20. Aureus

    Aureus Active Member Silver Stacker

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    AGE simply because it's more popular, thus easier to sell when the time comes :)
     
    Aureus, Apr 15, 2012
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