First it was low premium silver, a lunar dragon was a little too numi for me and gold was expensive compared to silver so that was way out. Then I see an Austrian 4 ducat, it's massive for its weight/cost, low premium and looks like the sort of medieval coin that popes were bribed with, the spots low so why not? Sovereigns though? Half the weight and size, higher premium, much less impressive to look at and paying more or less on the basis of a tiny mint mark? It creeps up on you doesn't it? See a couple in a bulk pile and pick one or two that might be worth a little bit more thanks to their collectabillity than the normal large premium over spot sovs command. Maybe it's rare enough you can trade it for a 4 ducat, right? The history gets at you, sovs minted during wartime to pay for battleships, the first sovs minted in australia bearing the countries name to make use of the copius metal coming out of the goldfields. Similar story when they opened the mint out west. Sovs from all over the empire. They came hidden in James Bond's suitcase and in the survival kits of airforce pilots in case they had to bribe a border guard. It's hard not to like that. It's not just the history, there's something about the conneseurship of collectible sovs. Minute details differentiating one coin from another, the small marks and wear that denote graded condition. A 150 year old piece of Australian history in 22karat gold...a few hundred over spot starts to sound reasonable. There's still a big part of me that thinks they are just gold coins and forking out $750 for 0.2354tOZ of gold is contrary to my natural tendencies but there is definately something about them. Now I'm cashing in my ducats to get nice sovs, it feels like a form of insanity. How did they get their claws into you?