What is 1987 Arthur Phillip $200 Dollars Gold worth

Discussion in 'Silver Coins' started by Gjp, Feb 7, 2020.

  1. Gjp

    Gjp New Member

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    Hi stalkers
    The local cash converters has a Australian 1987 Arthur Phillip $200 dollar gold coin for sale . What is it worth ?? Or a fair price
    As I would like to add it to my collection
    They are asking $780.
     
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    There is a valuation thread already somewhere
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    They can be had at closer to spot than that, but don't pop up very often. It is not much of a premium to pay if you were going to complete a set, but not worth it if not in any hurry.
     
  4. Gjp

    Gjp New Member

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    Im in no hurry and it’s not to complete any sets
    Just to stack a little more gold. What would be spot price ?
    Thank you for your reply.
     
  5. Gjp

    Gjp New Member

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    Hi spannermonkey
    I did have a look around but could find anything.
    Would you have a linc
    Cheers
     
  6. lucy43

    lucy43 Well-Known Member Silver Stacker

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    Today's spot gold price for the coin is about $686
     
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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  8. silver kooka

    silver kooka Active Member

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    They are worth spot plus $10 on the forum. Screw Cashies.
     
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  9. herkyderky

    herkyderky Member

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    Pretty sure legally any business selling $200 coins would have to sell them at spot + gst or risk ato bs as they are legal tender non bullion coins (22K) and subject to GST so right now the lowest they could go would be $753.50
    As already stated, this forum is by far the best place to pick them up :)
     
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  10. slavaja

    slavaja Well-Known Member Silver Stacker

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    The thing is that when they buy a $200 coin they pay the buyer gst and then claim it back when they sell it. So if they bought it for say $600 they paid the buyer $55 in gst then claim back the $55 gst when they sell.
     
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  11. Gjp

    Gjp New Member

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    Thank you all for your input and knowledge
    I do buy a little PM from these guys. It will be interesting now , if I can get them to negotiate on the price.
     
  12. slavaja

    slavaja Well-Known Member Silver Stacker

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    I wouldn't pay more than spot plus $10 $20 max. Anymore you can get nice lunars for the premium
     
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