is my maths right?

Discussion in 'Gold' started by parallaxerror, Dec 5, 2010.

  1. parallaxerror

    parallaxerror New Member

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    Im hopeless at maths, could somebody please tell me if I've got this calculation correct?

    Gold coin
    Weights 13.9636 grams
    0.9860 fine gold
    Actual gold weight 0.4426 oz
    Price: $678.00

    So -

    $678.00
    / 13.9636 grams
    = $48.55 per gram of coin weight

    $48.55
    / 0.9860 fine gold
    = $49.24 per gram of 24 carat gold
     
    parallaxerror, Dec 5, 2010
    #1
  2. sammich

    sammich New Member

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    correct
     
    sammich, Dec 5, 2010
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  3. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Yep all works $50 odd for a gram is right - enjoy your ebay find :)
     
    Smoothcriminal, Dec 5, 2010
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  4. parallaxerror

    parallaxerror New Member

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    ok great thank you.

    Not from feebay though, listed on a popular SS site sponsor/ dealer.

    Seems quite good value considering that at current prices the 1oz kanga is only 44 cents cheaper per gram.

    Small price to pay for an exotic coin I would think.
     
    parallaxerror, Dec 5, 2010
    #4
  5. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    You are probably buying an Austria-Hungarian 4 Ducat gold coin, they are the gold coin par excellence imo.
     
    THUCYDIDES79, Dec 5, 2010
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  6. parallaxerror

    parallaxerror New Member

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    Yeah that's right mate.

    I'm looking for bullion investment not collectables though.

    Any thoughts on ease/ issues with resale, such as not being generally recognised by the Aussie public?
     
    parallaxerror, Dec 5, 2010
    #6
  7. goldpelican

    goldpelican Administrator Staff Member

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    Austrian 4 Ducat? No problems.

    Just don't bend it when you get it - when you see it you'll understand :)
     
    goldpelican, Dec 5, 2010
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  8. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    hehe - its not that thin.

    - and only ever go for the bullion investment and not collectables.
    - shouldnt have any troubles with reselling
     
    THUCYDIDES79, Dec 5, 2010
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  9. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Actually, with the CREDIT (METAL ) DEFAULT SWAPS advertisement featured here on SS,
    if you have a look, it features a number of 1966 50 cent pieces and a gold coin. The
    gold coin in that ad is the 4 Ducat coin.
     
    THUCYDIDES79, Dec 5, 2010
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  10. parallaxerror

    parallaxerror New Member

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    ok that's great advice, thanks
     
    parallaxerror, Dec 5, 2010
    #10
  11. goldpelican

    goldpelican Administrator Staff Member

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    ...said gold coin is in my possession :p
     
    goldpelican, Dec 5, 2010
    #11

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