$200 gold coin 10 grams 22 carat gold issued by RAM

G

GrindeRyan

Member
Greetings,
I'm interested in understanding the best ways to purchase this coin. In particular I have concerns that such a coin would be the ideal target of counterfeiters. I've seen ebay auctions ranging from suspicious to outrageous.

I noticed a post for 4 of these for sale by a forum member but didn't bid because I wouldn't be able to verify autheticity?

Which Sydney dealers could I purchase from without any problems. Any other online sites?

How do I verify autheticity? I can't see a seller allowing me to perform destructive tests.

Thanks in advance.

GR
 
GrindeRyan said:
Greetings,
I'm interested in understanding the best ways to purchase this coin. In particular I have concerns that such a coin would be the ideal target of counterfeiters. I've seen ebay auctions ranging from suspicious to outrageous.

I noticed a post for 4 of these for sale by a forum member but didn't bid because I wouldn't be able to verify autheticity?

Which Sydney dealers could I purchase from without any problems. Any other online sites?

How do I verify autheticity? I can't see a seller allowing me to perform destructive tests.

Thanks in advance.

GR
Click to expand...
One of my favorite fractional gold coins!
In Sydney, you are guaranteed a 5% premium when you sell them so the buyer of those coins did very well.
If you can come to the meeting tomorrow, I will bring a kosher one for you to have a look.
 
I've never heard of a fake?
I too, love these coins and have picked up numerous at spot, from keen sellers.
 
Aurora et luna said:
GrindeRyan said:
Greetings,
I'm interested in understanding the best ways to purchase this coin. In particular I have concerns that such a coin would be the ideal target of counterfeiters. I've seen ebay auctions ranging from suspicious to outrageous.

I noticed a post for 4 of these for sale by a forum member but didn't bid because I wouldn't be able to verify autheticity?

Which Sydney dealers could I purchase from without any problems. Any other online sites?

How do I verify autheticity? I can't see a seller allowing me to perform destructive tests.

Thanks in advance.

GR
Click to expand...
One of my favorite fractional gold coins!
In Sydney, you are guaranteed a 5% premium when you sell them so the buyer of those coins did very well.
If you can come to the meeting tomorrow, I will bring a kosher one for you to have a look.
Click to expand...

Thank you for your quick reply. Can I confirm these are the details of the meeting

12 noon
Sir John Young Hotel
Corner of George and Liverpool St
CBD towards the Haymarket
Contacts;
Sammy 0457 749 310
Steve 0425 881 499

Having seen one of these, are you saying that I can easily authenticate others?
 
GrindeRyan said:
Aurora et luna said:
GrindeRyan said:
Greetings,
I'm interested in understanding the best ways to purchase this coin. In particular I have concerns that such a coin would be the ideal target of counterfeiters. I've seen ebay auctions ranging from suspicious to outrageous.

I noticed a post for 4 of these for sale by a forum member but didn't bid because I wouldn't be able to verify autheticity?

Which Sydney dealers could I purchase from without any problems. Any other online sites?

How do I verify autheticity? I can't see a seller allowing me to perform destructive tests.

Thanks in advance.

GR
Click to expand...
One of my favorite fractional gold coins!
In Sydney, you are guaranteed a 5% premium when you sell them so the buyer of those coins did very well.
If you can come to the meeting tomorrow, I will bring a kosher one for you to have a look.
Click to expand...

Thank you for your quick reply. Can I confirm these are the details of the meeting

12 noon
Sir John Young Hotel
Corner of George and Liverpool St
CBD towards the Haymarket
Contacts;
Sammy 0457 749 310
Steve 0425 881 499

Having seen one of these, are you saying that I can easily authenticate others?
Click to expand...
Yes, it's easy!
Location and time is correct. Less than 50 meters from the cop shop
 
Hi, I have just found this forum.
I am sorting through my elderly mums belongings and have one of these coins in original case and box, I know it is genuine as I remember my Dad buying this and other coins at the time.
If I decided to sell where would the best place be to go? also does anyone know how much it would be worth? Thanks....
 
I have just realised I have 3 of these, two are in a blue pouch and one is in a brown case with a card that says Proof 1980.....so these have a different value?
 
derrydimps58 said:
Hi, I have just found this forum.
I am sorting through my elderly mums belongings and have one of these coins in original case and box, I know it is genuine as I remember my Dad buying this and other coins at the time.
If I decided to sell where would the best place be to go? also does anyone know how much it would be worth? Thanks....
Click to expand...
Worth 5% above spot if you are located in Sydney
 
derrydimps58 said:
Where in Sydney do I go ?
Click to expand...
Gold buyer behind Woolworths at Town Hall.
Otherwise come to the Sydneystacker meet on Wednesday at noon.
Someone will probably buy it off you or introduce you to the gold buyer nearby.
I personally don't like selling nice coins to him as he will melt it down.
If you can get the same price then offer it to your fellow stacker instead.
 
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