Going rate for the 1/4 and 1/2oz gold nugget and gold kangaroo coin

Discussion in 'Gold Coins' started by dragafem, Feb 11, 2012.

  1. dragafem

    dragafem Well-Known Member Silver Stacker

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    I would like to know the going rate for these coins and is it worth to buy. various year between 1997-2001.any help appreciated
     
    dragafem, Feb 11, 2012
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  2. goldpelican

    goldpelican Administrator Staff Member

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    Buy them on a bullion basis.
     
    goldpelican, Feb 11, 2012
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  3. dragafem

    dragafem Well-Known Member Silver Stacker

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    would you say that for a 1/4oz gold coin the price of around $480 and the half $860 sounds ok?
     
    dragafem, Feb 11, 2012
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  4. goldpelican

    goldpelican Administrator Staff Member

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    That's probably a bit high on both - on these older Nuggets/Roos I wouldn't want to pay more than say the best bulk price the Perth Mint offers on new coins the same size, currently $465 and $860. Some 1/2oz gold just sold through this forum for much better prices a few days ago.

    Check out W Davis price list - that's a good benchmark for random year gold coins. $427 and $846 right now. Realistically a private trade should fall somewhere in between a dealer's buy/sell spread, but probably closer to the dealer sell price.
     
    goldpelican, Feb 11, 2012
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  5. dragafem

    dragafem Well-Known Member Silver Stacker

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    thanks for the info
     
    dragafem, Feb 11, 2012
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  6. projack

    projack Well-Known Member Silver Stacker

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    The problem with W Davis he never has stock. Not even a single gold item from the long list on his website is available for sale. Could spend your entire life calling him every day before you get ten oz kangaroo/nugget/lunar coin from him.
    $427 for a oz gold nugget is a fabulous price, but you can not get it, so do not use W Davis as a benchmark because that is well below wholesaler's buy price.
     
    projack, Feb 11, 2012
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  7. Nugget

    Nugget Well-Known Member Silver Stacker

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    Oi
     
    Nugget, Feb 11, 2012
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  8. dragafem

    dragafem Well-Known Member Silver Stacker

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    so at the end of the day would someone be interested to buy these coins?i have a chance to buy them ,but im not interested to keeping them.make a little money on it and move on.someone might one it to add to their collection.there are some 1/4 and 1/2 oz nuggets,some in capsule,and 1/4 and half oz kangaroos year 1997,1998,1999 as far as i can remember...
     
    dragafem, Feb 11, 2012
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  9. goldpelican

    goldpelican Administrator Staff Member

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    Well sitting in an office literally across the road - his stock changes by the hour. Got to beat the spannermonkey through the door in person to get the good stuff!

    Once you realise Peter is an old school "gold is gold" trader rather than a Perth Mint distributor, the business model and pricing makes sense. His live prices are a price list, not a stock list - but you can be guaranteed that's what you will get charged on an item if it's available. I once picked up 1/10oz Lunar Snake proofs in cases for the advertised price of 1/10oz bullion - some might think that's crazy but turnover is everything in this game - if something sits on the shelf for two weeks waiting for a buyer at the "right" price, it's money that could have been better directed elsewhere.
     
    goldpelican, Feb 11, 2012
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