$200 gold coin 10 grams 22 carat gold issued by RAM

Discussion in 'Gold Coins' started by GrindeRyan, Jan 6, 2015.

  1. GrindeRyan

    GrindeRyan Member

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    Greetings,
    I'm interested in understanding the best ways to purchase this coin. In particular I have concerns that such a coin would be the ideal target of counterfeiters. I've seen ebay auctions ranging from suspicious to outrageous.

    I noticed a post for 4 of these for sale by a forum member but didn't bid because I wouldn't be able to verify autheticity?

    Which Sydney dealers could I purchase from without any problems. Any other online sites?

    How do I verify autheticity? I can't see a seller allowing me to perform destructive tests.

    Thanks in advance.

    GR
     
  2. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    One of my favorite fractional gold coins!
    In Sydney, you are guaranteed a 5% premium when you sell them so the buyer of those coins did very well.
    If you can come to the meeting tomorrow, I will bring a kosher one for you to have a look.
     
  3. excalibur

    excalibur Member Silver Stacker

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    I've never heard of a fake?
    I too, love these coins and have picked up numerous at spot, from keen sellers.
     
  4. GrindeRyan

    GrindeRyan Member

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    Thank you for your quick reply. Can I confirm these are the details of the meeting

    12 noon
    Sir John Young Hotel
    Corner of George and Liverpool St
    CBD towards the Haymarket
    Contacts;
    Sammy 0457 749 310
    Steve 0425 881 499

    Having seen one of these, are you saying that I can easily authenticate others?
     
  5. serial

    serial Well-Known Member Silver Stacker

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    Lmao posting details on public forum ftw
     
  6. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Yes, it's easy!
    Location and time is correct. Less than 50 meters from the cop shop
     
  7. GrindeRyan

    GrindeRyan Member

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  8. screaming eagle

    screaming eagle Active Member Silver Stacker

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    Nope, no problems with it at all. The meeting has been going on for ages, it's an extremely public place and well worth the visit. Unfortunately I won't be making it this week.
     
  9. derrydimps58

    derrydimps58 New Member

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    Hi, I have just found this forum.
    I am sorting through my elderly mums belongings and have one of these coins in original case and box, I know it is genuine as I remember my Dad buying this and other coins at the time.
    If I decided to sell where would the best place be to go? also does anyone know how much it would be worth? Thanks....
     
  10. derrydimps58

    derrydimps58 New Member

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    I have just realised I have 3 of these, two are in a blue pouch and one is in a brown case with a card that says Proof 1980.....so these have a different value?
     
  11. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Worth 5% above spot if you are located in Sydney
     
  12. derrydimps58

    derrydimps58 New Member

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    Where in Sydney do I go ?
     
  13. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Gold buyer behind Woolworths at Town Hall.
    Otherwise come to the Sydneystacker meet on Wednesday at noon.
    Someone will probably buy it off you or introduce you to the gold buyer nearby.
    I personally don't like selling nice coins to him as he will melt it down.
    If you can get the same price then offer it to your fellow stacker instead.
     

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