G'day Stackers, On offer today, 2 * Koala $200 Gold Coins (1980 & 1983). These are 22ct (91.6%) Gold weighing 10gms each. That's 0.2948 oz AGW. Both coins in great condition, the '83 in the original RAM sleeve and the '80 in a 2*2 (possibly removed from a "carded" version...) Looking for $725 $718.25 Easter Only - $710 each + post or take both for $1420 and I'll throw in the post (that's around 6% over spot ... and no GST ) Thanks for looking
Ok, so I'm going to go for $718.25 each (which is Ainslie's price...less GST ) + post (free post for grabbing both ) So know I'm curious as to how GST is required/calculated on Legal Tender Is it only calculated because this "old school" legal tender is only just now being recognised for it's real value From Ainsle's site.... Oh, and delivery in 3 weeks for 100oz bars (used to be on the shelf items )
(Not my words, just copy & pasted) To be a precious metal, the object must be a metal of gold, silver, or platinum meeting a minimum fineness. A New Tax System (Goods and Services Tax) Act 1999 (GST Act) defines precious metals as: gold (in an investment form) of at least 99.5% fineness silver (in an investment form) of at least 99.9% fineness platinum (in an investment form) of at least 99% fineness Precious metals meeting the minimum fineness are GST free. Edit - Found this as well... https://www.abcbullion.com.au/investor-centre/blog/do-you-pay-gst-on-precious-metals#.YGYV6TwRVhE
Final Easter Bumpski and price reduction...seriously considering offering the same to pick up loose $200 coins $710 each + post (grab both for $1420 with free post ) Final bump then I'm keeping them
