Perth bullion selling 100kg gold coin??

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ego2spare

Well-Known Member
Well its unavalable so it was for sale but somone baught it?? Somone on this site... :|
Now that would be a believable boating accident.

http://www.perthbullion.com/shop/detail/rcmgml07gck100/

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Pretty sure it's from the Canadian royal mint.

I'm also pretty sure it's made on demand. I very much doubt they keep one in stock. They would need to order from RCM before confirming a delivery date. Last time I read the RCM mint they had sold about 7 so it may be possible one came through this store.
 
A few years ago...
Bankrupt's 100kg gold coin for sale

Bankrupt's 100kg gold coin for sale

AUSTRIA-CANADA-GOLD-COIN
Ruined investment firm head Wolfgang Auer von Welsbach's Canadian Mint 100kg gold coin is up for auction today in Vienna. Source: AFP

ONE of the world's biggest coins is to go to auction today, put on the market by Wolfgang Auer von Welsbach, whose financial ruin was exposed by the same crisis that has made big chunks of gold a hot item among usually conservative Austrian investors.

Mr von Welsbach, great-grandson of a 19th-century Austrian industrialist who invented the lighter flint and the gas mantle, founded the investment firm AvW in 1991.

On May 4, AvW Group filed for bankruptcy, by which time Mr von Welsbach had been taken into custody, suspected of fraud and embezzlement.

Mr von Welsbach had propped up his investment group by selling up to 400 million ($564m) worth of participation certificates, a form of share with no voting rights, which investors believed the company would buy back when they wanted out.

But when the bull market turned bearish and the real estate and equity portfolios stopped performing, it turned out there were no funds left to do this, and the company had a total investment portfolio of 229m.

The prosecutor's office stepped in and is investigating irregularities involving AvW and its chief executive, ranging from trading securities without a licence to stock price manipulation, and illegally skimming company funds.

Mr von Welsbach is in jail pending charges.

The Maple Leaf coin is part of AvW's remaining assets, which also include sizeable stakes in a handful of Austrian publicly listed companies and a large real estate portfolio.

Bought in 2007 directly from the Royal Canadian Mint, the gold coin, some 53cm in diameter - about the size of a car wheel - and 3cm thick, and weighing 100kg, was one of only five made, each with a face value of $C1m, at that time about 660,000.

More: http://www.theaustralian.com.au/lif...k=9d4f7d07ad2719b04609db1cfcb96030-1466941642
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SilverPete said:
Yeah, I got a tube of them along with my recent order of Zombucks. I was thinking if I have to pay postage anyway I might as well slip a few more things into the order. Now I just need some capsules.

Edit: please don't rob me, tks
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Good edit, dodged a bullet there.

ay, its not your fault they had a 110oz or less free shipping. Thats their stupid fault.

contact chip about the capsules.
 
ego2spare said:
SilverPete said:
Yeah, I got a tube of them along with my recent order of Zombucks. I was thinking if I have to pay postage anyway I might as well slip a few more things into the order. Now I just need some capsules.

Edit: please don't rob me, tks
Click to expand...

Good edit, dodged a bullet there.

ay, its not your fault they had a 110oz or less free shipping. Thats their stupid fault.

contact chip about the capsules.
Click to expand...
There was a discount for buying 5 so it was too good to pass up :)
 
I wonder if the ATO classifies these as bullion or numi? The GST on one of those coins would be painful.
 
SilverPete said:
I wonder if the ATO classifies these as bullion or numi? The GST on one of those coins would be painful.
Click to expand...

I've given them your details and asked for a Private Ruling ;) I believe you can pay the GST by instalments :lol:
 
So I went to the RCM recently for a tour, and they mentioned that out of the 5 minted, 1 was kept with RCM, with 4 others sold to buyers (2 asked to be kept anonymous).

Of the 2 that weren't, one was a mining magnate in Canada who loans it out for shows, while the other was a Dubai buyer who apparently made it into a coffee table!
 
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