Hi Stackers Anyone out here a fan of these perthmint Australian Sov's? I have a 2010 if anyone is looking to add to their stack with COA/BOX. PM
I prefer old stylee Sovs - cant get enough of the buggers... $700 for one of these? Nah - wait a year and the price'll be under $500 I betcha...
I got a 2010 one when I starting stacking, they are still for sale on pm for the same price, same as this years and last years, so the price hasnt dropped since 2010 at least. Also saw a 2009 on the bay for a little cheaper but not much.... They are proof with limited mintage... Will see.. Nice looking in person though..
Have a 2005 (in book) and 2009. Also have some 2005 no longer in books. Turtled if I know where I put them though. Maybe I already traded them. :/ I think these are a great set if picked up for a reasonable price.
Projack's the man to talk to about premiums involved with proofs/non-proof Sovs - the premiums can be significant in Europe but don't seem to count for much here... which is a shame - that also actually put me off buying a Krugerrand deluxe proof set 2012 not so long ago which I thought was a bargain for 3700 - I still do actually...
http://www.perthmint.com.au/catalogue/2010-australian-gold-proof-sovereign-aspx.aspx Proof Quality 91.67% Pure Gold Commonwealth Coat of Arms Reverse Historic 'P' Mintmark Australian Legal Tender Limited Release Circular Presentation Case Numbered Certificate of Authenticity Proof Quality 91.67% Pure Gold The 2010 Perth Mint Proof Australian Sovereign is struck from 91.67% pure gold (22-carats) in stunning proof quality. Commonwealth Coat of Arms Reverse The coin's reverse portrays the Commonwealth Coat of Arms. The design incorporates the words AUSTRALIA and SOVEREIGN, as well as The Perth Mint's 'P' mintmark which appeared on sovereigns produced in Perth during the reigns of Queen Victoria, King Edward VII and King George V. Australian Legal Tender Issued as legal tender under the Australian Currency Act 1965, the coin's obverse depicts the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the 2010 year-date. Limited Release No more than 2,500 of these 2010 Perth Mint sovereigns will be released. Circular Presentation Case Each coin is housed in a circular timber display case and illustrated shipper accompanied by a numbered Certificate of Authenticity. Technical Specifications Gold Content (Troy oz) 0.2354 Monetary Denomination (AUD) 25 Fineness (% purity) 91.67 Minimum Gross Weight (g) 7.9881 Maximum Diameter (mm) 22.60 Maximum Thickness (mm) 1.75 In 2009, after a 78-year hiatus, The Perth Mint resumed regular production of gold coins bearing the prestigious title of 'sovereign'. RRP. $750 - 2010 RRP. $750 - 2011
Still not suede. More corduroy on it. It'll be the limited mintage that's the clincher then I guess - will probably be horrendously expensive in 100 yrs. I take it they have no intention whatsoever of doing a BU version?(!)
I don't think they intend to do a BU version, no.. But you never know?? That would be great I reckon because i like them as a gold coin with the coat of arms..
Mind you, is there no appeal to you in say a beautiful 1880's ef-unc Queen Victoria Aussie Sov that might appreci8 at a faster rate on the basis that there's more demand from intl collectors for those? I know I'm trying to talk myself out of liking the thing really lol!
OK so they are a very beautiful coin, but checking the specs, aren't these modern sovs basically the same specs as the "old" sovs but at almost twice the price, and, for that matter, less agw but 50%ish more price than a $200 coin? Or have I misunderstood ?
I think common date uncirculated Sovereigns with small premiums over bullion grade is a great way to stack gold and numismatics with proven potential. You will not be able to sell them in bulk fast if suddenly need to liquidate lage numbers, so you need to balance your total gold holding accordingly, but if you want to sell them individually in retirement years to come or as a hobby, gold sovereigns always be the number one once circulated legal tender coins both collectors and investors love to have. It is estimated that only 1% of all existing souvenirs are in unc condition and they becoming harder and harder to find them for good price so premiums are on the way up over bullion price, but still can be found reasonably priced. I used to be able to get excellent bargains on Ebay, but in the last few months even the cheapest bullion grade is at least 10-15% over spot. I think in 10 years time today's modern collectors only coins will be selling for spot, just like the earlier coins from the 90s early 2000s. I remember the first issued 10g $100 Sydney Olympic gold coin sold over 3 times bullion value on the secondary market but today you can but them 3% over spot o APMEX. For me Perth Mint Sovereigns 1899-1931 only.
It's appalling when you consider that the reason the ATO chose 22k as the cut off was because 22k is used in jewellery. Pretty darn short sighted. I suspect it's because at the time of the decision Gold wasn't really a concern for them. I'd have a whinge to the ATO about it but I fear that it may bring about a GST on 24k coins. But if the ATO cared to revisit their decision
