Hi, Just a quick question because I need to make a decision this morning. I see a few posts saying that $200 Coins are good investments, but I see trading posts of people trying to sell them with no luck. Are they still relatively liquid or is gold just slow in general? Thanks in advance
Good store of value. Not an investment as spot is pretty much the sale point. No fakes , as far as I know. Stop loss on the $200 value. I don't know why they're slow to move, but for that reason I prefer .9999 or Sovereigns which are very liquid.
Okay - so sounds like sticking to things like 1/4 and 1/2 oz .9999 coins are better assuming they have a reasonable premium.
From a dealer's perspective their biggest problem is the GST component. Otherwise they're a good, cheap investment with a guaranteed stop loss. malachii
These were hot cake some years ago.If you found one or two you felt lucky. More made it to the market and they became not as desireable for some reason... very hard to move them in my opinion.one of the few gold coin I always try to stay away even if it is sold for spot.
I don't know, but I doubt it. On the face of it they have every advantage. Probably more so than sovereigns, which are also less than pure, and which to my mind is their obvious competition. I think they're great value as bullion coins, but 9999 is hard to argue against, which is probably why $200 coins aren't swooped upon when they appear.
Back in 1983 when I first started buying gold, I’d buy a sovereign every fortnight after my payday. Cost of a sovereign then was about $130 each. Half sovereigns sold for about $90. Uncirculated $200 coins cost a whopping $240 then, being their release price. Proofs were more. I reasoned that 8 grams of 22ct for $130 was way better than 10 grams for $240. Now, there is no premium for $200 coins uncirculated or proof. Just go for whichever is cheaper which is often now the $200 Koalas. JulieW is correct, $200 don’t seem to be counterfeited and rarely have any wear. Whereas I have come across many counterfeited Sovs and even a counterfeited middle eastern Krugerrand. In the end, in my opinion, gold is gold. Go for easily recognised stuff at the lowest cost. Acorn
Hey guys and nice to meet up with you yesterday Acorn and I will be catching up with you next week Simeon I really like the $200 and have done since they were released Yeah when they were released they were nearly 200% over spot from memory that is the proofs, unc were well over 150%, still got my first proof $200 that I paid over the odds for...stupidly The great thing about them is the stoploss of $200.. This came into play more prominently years ago when gold was alot cheaper When gold was around $600 this was a no brainer, I knew a bank manager and people would take these to the bank to put into their accounts.. He would take them out put $200 into the float and sell them for $210-$215 at the start. They built up a bit of a premium because of this stoploss, you could buy them for say $220 to $250 and know that you were always going to get $200 back, that stoploss is obviously nowhere near as useful a tool as it once was, hence the premium has now dissapeared But as acorn said...gold is gold.. picking these up for less than spot is pretty good buying IMO cheers grant
I ended up going against the $200. One of those decisions you make where you are still torn days after the fact. On face value they seem like an excellent way of getting small fractions of gold without the premium. But then I see lots of unfulfilled sell requests on the forum.
Here's the mintages of $200 koalas if anyone is interested. https://en.numista.com/catalogue/pieces46767.html
They're bullion coins so covers don't matter much, but some people prefer covers. I chucked the boxes and the flip covers are 30 year old plastic now.
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