Is it a fair price

Discussion in 'Gold' started by Stedlar, Mar 12, 2011.

  1. Stedlar

    Stedlar Active Member

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    HI All

    I haven't really been following gold all that much. I have the opportunity to purchase some Perth Mint 1oz coins. Kangaroos.

    Is $1500 AUD a fair price?
     
  2. boston

    boston Well-Known Member Silver Stacker

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  3. Stedlar

    Stedlar Active Member

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    Thanks, but the Perth mint site says $1493 right. But it also says $45.37 for a silver kook.

    I know I can buy them for $42.

    So back to my question, is $1500 a fair price? Do gold coins sell at a discount to PM prices like silver coins do, or is it different?
     
  4. Haggai 2:8

    Haggai 2:8 Member

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    I think it's a fair price. I'd be looking around the $1470 mark so $1500 isn't far off.
     
  5. goldpelican

    goldpelican Administrator Staff Member

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    7.5% premium.... that's a little higher than what I'd be aiming for in presumably secondary market purchases.

    At a spot of $1395, I'd be looking to pay $1450-1465, or 4-5% over spot.
     
  6. Ossie

    Ossie Member

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    I would be buying at nothing more than the perth mint prices.
    A lot of people selling online at Perth mint price or cheaper.
     
  7. silverfunk

    silverfunk Active Member

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    I agree with gp dont pay over 1465.

    best indication is to check wdavis website.
     
  8. chimpanchu

    chimpanchu New Member

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    At current gold spot price the coin 1oz kangaroo should sell for less than $1500. I'll be looking at around $1470, give or take $5.
     
  9. Bulawan pilak

    Bulawan pilak New Member

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    With a 10 gram gold bar 1 ounce = 28.35grams.... say spot Gold is 1411.00../28.35 = 49.77 x 10 gram should be 497.70.

    This is correct isn't it??
     
  10. Dwayne

    Dwayne New Member

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    No, precious metals are measured in troy ounces which are 31.1 grams... so redo your calculation with that
     
  11. Bulawan pilak

    Bulawan pilak New Member

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    Of course, thank you....I went off google search which came up with 28.35.
     
  12. intelligencer

    intelligencer Active Member

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    PM will rip you off in insurance and shipping. You won't get it less than $1500.

    If you have a cheaper alternative then by all means go for it.

    But compare your price to YOUR REAL alternatives. No good someone saying they can get it cheaper at X.
     

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