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 Replies: 13 / Views: 13,156 |
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Valued Member
Cyprus
349 Posts |
Hi folks, I see that these coins sell over bullion price. They weigh 10 grams and are 916 gold. Any ideas how collectible these coins are? What is the usual premium over spot one should pay for these? Regards, Ozzie  |
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Bedrock of the Community
United States
10982 Posts |
These are essentially 1/4oz gold pieces and have been selling on ebay for about 20% over melt lately ($450 USD). |
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Valued Member
Poland
114 Posts |
Their value is highly the collectible one for the later ones. The price depends highly on a specific coin but for the ones dated 1990-1994 everything below 400AUD should be considered a very good price. Earlier ones could be cheaper, but not very much. Edit: latest ebay prices for the gold $200 platypus (I'm most interested in for obvious reasons) were 420-440AUDEdited by Murazor
05/10/2011 02:34 am
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Bedrock of the Community
Australia
21788 Posts |
I have a complete set of six proof $200 gold Pride of Australia coins. They were given to me.
Each coin 10 grammes of .9167 gold. AGW for the six coins 1.768 ounces. At $1500 /oz., bullion value $2,650. These coins are a Cinderella unfortunately, and don't command much premium above bullion value. Say, $3,000 for the set if you can find a buyer.
Year mintage Reverse design
1989 10,000 unc Frill Necked Lizard
1989 24,376 proof
1990 8,340 unc Platypus
1990 14,616 proof
1991 6,879 unc Emu
1991 9,560 proof
1992 3,935 unc Echidna
1992 5,921 proof
1993 3,014 unc Squirrel Glider
1993 5,000 proof
1994 4,000 unc Tasmanian Devil
1994 4,000 proof
As can be seen from the declining mintages year on year, they were not taken up by collectors, and the aftermarket premium has always remained small.
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Pillar of the Community
United States
2589 Posts |
Are these things legal tender? If so they appear to be a much better investment than gold american eagles simply because of the high denomination to bullion ratio they have. I dont think I've seen a coin with a higher ratio.
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Moderator
 Australia
16839 Posts |
Yes, they are legal tender. The Australian gold $200 began in 1980, right at the peak of the last gold boom. $200 wasn't considered a high face value at the time.
Of course, shortly afterwards, the price of gold collapsed again to be near face value for these coins. Indeed, it eventually fell below face value and many collector-investors took their coins to the bank rather than the coin or bullion dealers.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2589 Posts |
Awesome! A modern gold coin thats actually seen circulation, I doubt any other country has such a coin. The hedge potential on these things is simply amazing, you really cant find it on any other denomination in any country (for gold at least).
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Bedrock of the Community
Australia
21788 Posts |
I have a relative who cashed in eight $200 gold coins at their face value at the bank some years ago. At that time, the bullion value of the coins was well below their face value.
Currently, the bullion value of each coin is a little over AUD $400. Nobody cashes them in now!
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Moderator
Australia
16839 Posts |
Of course, many unwary and far-too-trusting banks were caught out redeeming counterfeits, too. That's one of the reasons why nobody has such high-denomination circulating coins in everyday use. I think most of the banks eventually instituted policies that your money isn't made available to you until the mint verifies that the coins were genuine.
The high redemption rate also makes it impossible to determine the actual surviving numbers of these coins; the mintages are almost irrelevant for this purpose.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
 Cyprus
349 Posts |
Hi and thanks for all of your replies. It sounds like these could be a good way to own gold coins if you can get them cheap enough.
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Valued Member
Poland
114 Posts |
Quote:
The Australian gold $200 began in 1980, right at the peak of the last gold boom. $200 wasn't considered a high face value at the time.
Of course, shortly afterwards, the price of gold collapsed again to be near face value for these coins. Indeed, it eventually fell below face value and many collector-investors took their coins to the bank rather than the coin or bullion dealers.
[...]
The high redemption rate also makes it impossible to determine the actual surviving numbers of these coins; the mintages are almost irrelevant for this purpose. Very interesting remarks, Sap! I hope you don't mind I quoted you on my web page... By the way it always seem to me that there is less 1990 gold platypuses available in shops and on auction services than it would be if their total mintage was really nearly 23000. It may be partially due to that effect. I blamed mostly small initial selling volume (resulting in lowering the mintage of 1991 emu to ~15400. |
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New Member
United States
45 Posts |
they might be worth a lot because of the gold but forign coins arn't worth a lot. Are you sure they are gold?!  |
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Moderator
United States
23531 Posts |
I was collecting these before they became popular.
I used to purchase them but for less than face value
Then the world discovered Gold and now they are good for bullion
West Point coinage there are more than just American eagles in the world.
For a good return on your money in gold you can purchase
Eagles - USA
Maple Leafs - Canada
Nuggets - Australia
Krugerrands - South Africa
Philharmonics - Austria
As for the Australian $200 gold pieces
remember this many of the gold plancerts use in the US come from Australia
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Pillar of the Community
United States
3670 Posts |
Edited by Silverhawk74
06/28/2011 2:58 pm
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Replies: 13 / Views: 13,156 |
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Posted 05/10/2011 02:23 am
!
, or $506 American
....
