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 Replies: 10 / Views: 1,170 |
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Valued Member
Australia
73 Posts |
not sure if you have noticed . . . there are lots of beautiful coins out there. so I need a check list to keep me focused in my niche. i believe my niche helps me to understand the group of coins I collect better. maybe the coin types help support it other also, by being similar. 1) preferably from my own country (since this is likely where they will be sold) ; by my kids. 2) if I'm going to exchange my labor for coins, it has to be gold; (if gold was good enough for pharaohs and emperors). 3) pure gold without impurities. 4) same size I chose the 7 gram = 1/4 oz, 5) just one of each type , no doubling up... 6) quality must be the same. 7) proof of authenticity. 8) must be from a proven reliable source. 9) should be scarce. 10) and of a desirable topic , ie ; not some weird topic ( better to have a train image on a coin rather than a picture of a sky cloud ) imho ... when I stick strongly to this checklist I find sometimes I am forced to save a few weeks to stay on target. now I rarely ever experience collectors regret, even if I find a overpaid a little to much. this makes me happier with my collection and enhances my pleasure. i am average dude with nicer coins than many coin shops around me LoL  Edited by crok
12/17/2022 7:55 pm
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Pillar of the Community
United States
1241 Posts |
sounds like some hard learned knowledge that now gives warm fuzziness. Heres my list:
My LCS is a great guy but he ain't my pal.
Lots of people have lots of coins and like my meager supply of money.
Lincoln Cent ultra grades can get nasty little black spots...more often than I thought.
Lots of experts everywhere...just ask. Especially lots of expert graders when your selling.
I love classic American silver coins and glad I don't take coin politics to personally.
I love seeing coin shops with display cases of high falutin hot air.
Once in a while an old timer sells and gives me first crack and that shoe box of goodies.
Glad most collectors and coin clubs are just down right good.
Edited by luvmyCAM
12/17/2022 8:00 pm
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Pillar of the Community
Canada
550 Posts |
Hey Crok you've mentioned your quarter ounces a few times and I'm waiting to see a few pics. Just Aussie coinage, right?  |
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Bedrock of the Community
Australia
20948 Posts |
Most of the criteria mentioned point to the fact that Australian Sovereigns are the coins of your niche.
To avoid high quality fakes made from good quality gold,
some intensive research by yourself will be necessary for your own education, and to set up a small specialist numismatic library on your chosen specialty.
The best and most authoritive book on the manufacture of fakes and their identification is:
'Numismatic Forgery', cpyrt 2004, by Charles M Larson, publ. by Zyrus Press ISBN 0-9742371-2-4 softbound, 198 pages.
For personal professional advice, I suggest you get in contact with Noble Numismatics at their office in Macquarie Street, Sydney.
Noble Numismatics offer for public auction upwards of $10 million of numismatic items each year, so it is necessary that they need the highest level of specialist professional numismatic staff.
They also have one of the largest specialist numismatic reference libraries in the world, with over 5,000 volumes.
They have been of great assistance to me in the formation of my collection.
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As an aside, I formed a type set of Australian Sovereigns and Half Sovereigns including an Adelaide Pound (17 coins in all).
That set has long since been sold, to help raise money for a deposit to set up a mortgage on our first home.
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Valued Member
Australia
73 Posts |
hi I do 1/4 oz Perth Mint 9999 gold, I buy it slabbed as Pf70. this means the coin is authentic. i visited a Brisbane coin shop and pursued his coins and he had 3 raw 1/4 oz gold coins. the shop had to nerve to suggest my slabbed $900 coin could be a fake, I did not reply that his 3 raw coins were far more likely to be fakes.  i tried to find something useful to buy and in the end he even refused to sell me a coin price guide. i had not griefed him in any way but I do think his business practice to only for buying up deceased estates. pictures are on the Perth Mint website etc but I have mainly Perth Mint gold since RAM seems only to one ounce coins. 2013 snake , 2014 horse, 2015 opera house a 1/4 oz platinum pf70 and three ms66 morgan silvers and various 1 oz silvers 999 Australia. i dislike buying silver since it is a reactive metal ... but I am going to start buying bullion silver coins as a pure stacker so I do not care if they turn black. this is because of the import taxes on my slabbed gold coins. local silver coins have no taxes or fees on them so ill go for pure silver coins. and it is essentially FREE coins. as a smoker cigarettes' now cost $1.30 each so fudging my packet over 2 or 3 days gives me the money to buy a 1 oz silver coin thus it is like free  Edited by crok
12/17/2022 10:45 pm
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Bedrock of the Community
Australia
20948 Posts |
crok:
If it is 1/4 ounce gold bullion coins that take your interest,
you must educate yourself on how to identify fake gold bullion coins.
They are almost always struck from dies, just like genuine article, and also with mirror proof finish.
It is essential to remember that fake bullion coin can have very nearly exactly the same weight as genuine coins, if they are heavily gold plated, but with a tungsten core.
Tungsten has almost exactly the same density as gold.
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Bedrock of the Community
Australia
20948 Posts |
Fortunately, I have a brother who lives in Perth, Western Australia. I have visited the over the counter Perth Mint sales shop in Hay Street myself, when I was visiting, but brother can also buy on my behalf over the counter as well. The Perth Mint gold refinery facility is located within the environs of Perth International Airport, but used to be located in Hay Street, Perth City. No need for slabbing. ------------------------------------------------------------------------------------------------------------------------------------------ The Royal Canadian Mint has the most technologically advanced security features engraved onto their bullion products, which makes them (almost) impossible to fake. Check out their website - quite interesting. Edited by sel_69l
12/18/2022 01:49 am
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Pillar of the Community
United States
957 Posts |
Sadly there are fake coins inside fake slabs, fake PCGS, fake NGC etc. I've seen some of them on Youtube. To avoid fakes, I buy from well known trusted dealers. My local coin store has a XRF tester, he'll test my coins for free. Some collectors buy their own testers. The Britain Royal Mint has amazing security features on their Britannia, very small lettering, a trident design that changes into a lock when you move the coins, waves that appear to be in motion when you move the coin. I haven't heard of any fakes of these yet. Edited by livingwater
12/18/2022 06:39 am
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Pillar of the Community
Canada
550 Posts |
Waiting for some images..... |
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Moderator
United States
124733 Posts |
When it comes to coins, I have no regrets... Well, maybe a few, but I will not dwell in nostalgia!  A ruthless yet interesting list. You should quit smoking completely though. More money for coins and longer life to enjoy them.  |
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Bedrock of the Community
United States
78351 Posts |
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Replies: 10 / Views: 1,170 |
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Posted 12/17/2022 9:56 pm
