FS - Koala $200 Gold Coins - SOLD Pending...

Discussion in 'Australia & New Zealand (Public)' started by adze67, Apr 1, 2021.

  1. adze67

    adze67 Well-Known Member Silver Stacker

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    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...) :cool:

    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 :D ... and no GST o_O)

    Thanks for looking :)

    20210401_081319.jpg 20210401_081353.jpg
     
    Last edited: Apr 3, 2021
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  2. adze67

    adze67 Well-Known Member Silver Stacker

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    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 o_O
    Is it only calculated because this "old school" legal tender is only just now being recognised for it's real value :rolleyes:
    From Ainsle's site....
    Koala 01.PNG Koala 02.PNG

    Oh, and delivery in 3 weeks for 100oz bars (used to be on the shelf items :oops:)
     
  3. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    (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
     
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  4. adze67

    adze67 Well-Known Member Silver Stacker

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    Final Easter Bumpski and price reduction...seriously considering offering the same to pick up loose $200 coins :p
    $710 each + post (grab both for $1420 with free post :cool:)
    Final bump then I'm keeping them ;)
     
  5. adze67

    adze67 Well-Known Member Silver Stacker

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    Sold pending...
     

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