Help buying Australian Sovereigns

Discussion in 'Sovereigns' started by Dogmatix, Dec 14, 2016.

  1. silverdude

    silverdude New Member

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    Thanks. I like them too, but want to focus more on German and Scandinavian coins.
     
  2. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    You might want to head over to the Trading Floor if you want to sell items on this forum

    https://www.silverstackers.com/forums/index.php?forums/australia-new-zealand-public.30/
     
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    I don't think the coin you're discussing is the coin we're discussing.

    Just to clear this up:

    $200 AUSTRALIAN GOLD COINS
    10G
    22CRT


    This is a limited release legal tender coin produced by the Royal Canberra Mint with a face value of $200.

    It contains 10grams of 22ct gold which is 91.67% pure gold, so 0.2948 ounces of .9999 pure gold.
    And Ainsley are currently pricing them at $737.78 each.
     
    Last edited: Dec 26, 2019
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    The prices at most dealers have been ridiculously high since the ATO tagged Perth Bullion for not selling with GST. Everyone except a few now sell with GST. I hope everyone sees the stupidity of that. $200 coins are legal tender. They're charging GST on money.
     
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  5. tigger2

    tigger2 Member

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    Artificial scarcity in the form of mintage and gradings is (almost) unique to coins. The grading system is totally unique and totally backfired showing supposedly rare coins were anything but (see below). Now you've got a grading system for the grading system, which is still going to be useless since there are not codified standards just precedents. Not very many markets with market power so highly concentrated in a few hands.

    Quality sovereign cost is about onethird of 1985. Same coins 35 years later. On the upside, buying in US numi gold was SO much worse. Buying a VL Commodore was a better investment.
     
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  6. Tin Can

    Tin Can Active Member

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    So a VL Commodore is worth more than its weight in gold?
     
  7. serial

    serial Well-Known Member Silver Stacker

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    so tigger is selectively trying to rubbish all numis by claiming that "Buying a VL Commodore was a better investment"
    so either he has been burnt by investing in the numis market with his obviously limited knowledge or he is trying to shake up weak hands because he obvious dislike of the market and over simplification of it is again an indication of a person who is either inept with regards to numis or being deceptive
     

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