RAM Floral Emblem Gold Coins Controversy????

Bear Metal

Bear Metal

Well-Known Member
Silver Stacker
Hi,

I have recently purchased a $100 1995 proof Au Floral Emblem Waratah (no box or cert).

There are a couple different articles about these coins and whether they are 22ct or 24ct, and some state it is indeed 24ct. I also believe the cert says .9999

I have a precious metals verifier and could not get the coin to pass on any reading, I then did an old school water method of determining specific gravity which the coin came out to be approximately 17.8-18.1SG. It had me worried so I popped in to a local dealer who XRF'd the coin and the reading showed it was definitely NOT 24ct, in fact it was approximately 90.66%Au, 4.11%Ag, 5.23%Cu. Very close to 22ct but not quite. I believe the verifier failed at 22ct due to the silver content in the coin as most 22ct only has Au and Cu.

Does anyone out there have any information regarding this? There is an article (yet to actually find it) from a Krause book I believe stating it is indeed 22ct, then conflicting articles saying it is 24ct. I have absolutely no doubt the coin is 22ct or very close.

I have contacted the RAM and am yet to get a reply.

Pic of actual coin below and some information. The coin looks a lot more brilliant in person. It is actually quite a nice coin.

25193_20161209_224730.jpg
25193_20161209_224719.jpg


25193_1351_100_coin.png


25193_1995-100-gold-coin-proof-floral-emblems-of-_1.jpg
 
quote from latest Krause
KM# 308 100 DOLLARS
10.37 g., 0.916 Gold 0.3034 oz. AGW, 25 mm. Ruler: Elizabeth
II Obv: Queens portrait Rev: The Waratah Flower, value below
Rev. Designer: Horst Hahne
Date Mintage F12 VF20 XF40 MS60 MS63
1995 3,000 545
KM# 308a 100 DOLLARS
10.37 g., 0.9999 Gold 0.3312 oz. AGW Ruler: Elizabeth II Obv:
Queens portrait Rev: The Waratah fl ower Rev. Designer: Horst
Hahne
Date Mintage F12 VF20 XF40 MS60 MS63
1995 2,500 PF60 595
 
serial said:
quote from latest Krause
KM# 308 100 DOLLARS
10.37 g., 0.916 Gold 0.3034 oz. AGW, 25 mm. Ruler: Elizabeth
II Obv: Queens portrait Rev: The Waratah Flower, value below
Rev. Designer: Horst Hahne
Date Mintage F12 VF20 XF40 MS60 MS63
1995 3,000 545
KM# 308a 100 DOLLARS
10.37 g., 0.9999 Gold 0.3312 oz. AGW Ruler: Elizabeth II Obv:
Queens portrait Rev: The Waratah fl ower Rev. Designer: Horst
Hahne
Date Mintage F12 VF20 XF40 MS60 MS63
1995 2,500 PF60 595
Click to expand...

'serial' - Thank you very much for your provided info, I did notice differing pics of the coins with some the waratah, queen and rim to be frosted with the rest of the coin proof finish and some the whole coin with a proof finish although thought a BU version would be completely frosted. The article stating Krause to be incorrect may need more investigation. I have done a bit of searching and there does not seem to be much info about the BU coins being 22ct and proof 24ct. Quite annoying really that the mint would do that for an identical coin with a differing finish.

I bought this coin from a well respected member of the stacker community who is very willing to remedy the confusion in the sale being described as 24ct.

Due to the fact it is difficult to use the internet for confirmation about these coins it will just pay for buyers and seller alike to ensure they know what they are selling or buying.

I appreciate your assistance in this matter 'serial' and I keep learning more and more about pm's with the knowledge of others here.

Just wondering the Krause book you have, is there a particular one to get that covers most things as there seems to be a few out there or would a few cover most coins? I think it may be a good book to have for referencing to.

Once again, thanks.

BM.
 
I know right , they went full retard with the different metal purities between proof and bu
I have the 2015 copy of Krause in electronic form and hard copy.
I actually have a few copies, I am a bit of a hoarder of these things as it is good to track the change in price (if any) and any new info there may be between copies
always happy to help when I can
 
there is 2 different coins.one is $100 FV which 1/3of an oz and the $150 which is 1/2oz of pure gold.Both coins should be 999 gold and proof finish .could be yours a jeweller's copy as it happens with the sovs?
 
dragafem said:
there is 2 different coins.one is $100 FV which 1/3of an oz and the $150 which is 1/2oz of pure gold.Both coins should be 999 gold and proof finish .could be yours a jeweller's copy as it happens with the sovs?
Click to expand...

Hi dragafem,

From the info 'serial' supplied and what I have read on the internet there appears to be 3000 BU $100 coins, 2500 $100 proof coins and 1500 $150 proof coins. The info out there is not much but I think Krause did get it right in this instance.

I am waiting to hear back from the RAM to hopefully get more clarification. Being such an oldish coin I would have thought this would have come up by now. 'serial' seems to know his stuff though from what I have heard from other members.

Some info about mintage's but from the errors out there who knows......doesn't contain the purity though....

http://www.abc.net.au/local/stories/2012/09/20/3594547.htm
 
Bear Metal said:
Hi,

It had me worried so I popped in to a local dealer who XRF'd the coin and the reading showed it was definitely NOT 24ct, in fact it was approximately 90.66%Au, 4.11%Ag, 5.23%Cu. Very close to 22ct but not quite. I believe the verifier failed at 22ct due to the silver content in the coin as most 22ct only has Au and Cu.



25193_20161209_224730.jpg
25193_20161209_224719.jpg

25193_1351_100_coin.png

25193_1995-100-gold-coin-proof-floral-emblems-of-_1.jpg
Click to expand...
Unless you know the dealer, dont count 100% on his xrf reading, these can be calibrated to be out a certain percentage.
 
canadians had a similar 100$ series too, one in 22k and one in 14k real shitty situation as most people couldnt tell as they are the same colour
 
For additional reference point, Renniks says
- $100 BU 91.67% gold 8.33% copper 1/3oz gold (diam. 25mm)
- $100 proof 99.99% gold 1/3oz gold (diam. 25mm)
- $150 proof 99.99% gold 1/2oz gold (diam. 30mm)
 
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