Gold
- Thread starter redwing
- Start date
i was watching gumtree for "bullion" and a guy in woodvale was selling a bucketload of proof coins to raise funds for his wedding or something. the coins were the currency sets, 5,10,20,50,$1 and $2.
he only wanted what he paid for them for some reason. i didnt argue i just gave him the cash and ran, by then spot was $39 just down from $42. at current prices ($31) plus numi premium (ive had them valued) im still up 60%. i got an 03,04,05 and 07. apparently the 03 is wortht he most, followed by the 06 because its got the 1c and 2c pieces as the 40y commemorative edition. apparently the 04 is rare because the box isnt jarrah and no one really like them and take up was quite poor, which is why its held its value and the mint went back to jarrah boxes...dunno, could just be a story.
i also got a half oz double kook square 50c proof. paid numi but it is a very interesting coin and the double kook is a little rarer.
so i went hunting for the 06 and found one in south perth. still in the plastic wrapper, i paid numi value for this. so this combined with the previous steal all up im about 40% in front with spot @ $31.
it was just a right place right time kinda moment. there another bargain out there now that im seeing monday, a Mint bar @ current spot, no premium.
he only wanted what he paid for them for some reason. i didnt argue i just gave him the cash and ran, by then spot was $39 just down from $42. at current prices ($31) plus numi premium (ive had them valued) im still up 60%. i got an 03,04,05 and 07. apparently the 03 is wortht he most, followed by the 06 because its got the 1c and 2c pieces as the 40y commemorative edition. apparently the 04 is rare because the box isnt jarrah and no one really like them and take up was quite poor, which is why its held its value and the mint went back to jarrah boxes...dunno, could just be a story.
i also got a half oz double kook square 50c proof. paid numi but it is a very interesting coin and the double kook is a little rarer.
so i went hunting for the 06 and found one in south perth. still in the plastic wrapper, i paid numi value for this. so this combined with the previous steal all up im about 40% in front with spot @ $31.
it was just a right place right time kinda moment. there another bargain out there now that im seeing monday, a Mint bar @ current spot, no premium.
i remember reading about your pamp steal on your blog, hobo.
Thanks for the story Aaron, I also read a piece on Hobo-Jo's site about some coins on e-bay. In both cases I'd say anyone looking at similar should best know what they are doing, whats the old saying about money & experience 
It was also interesting to see Hobo-Jo's wages/gold price comparison chart, one of the guys I know who has been mixed up with gold for years has always commented that gold has 'always been around a weeks wages'.
It was also interesting to see Hobo-Jo's wages/gold price comparison chart, one of the guys I know who has been mixed up with gold for years has always commented that gold has 'always been around a weeks wages'.
Not quiet 1800 (1801 touted) other research shows the economist maybe Jeremy Siegel
Article source
There are also some interesting stories about Gold still being well off inflation adjusted highs. With some gold in store, though most funds in property and the stock-market, I still enjoy gold's lustre
Having a look at E-Bay... they actually have a Bullion Centre
Article source
There are also some interesting stories about Gold still being well off inflation adjusted highs. With some gold in store, though most funds in property and the stock-market, I still enjoy gold's lustre
Having a look at E-Bay... they actually have a Bullion Centre
I started buying silver at abt $7/oz from a gentleman who had been a numismatist all his life, opened a shop, and was selling up to fund his retirement.
I bought quite a few silver coins but I was there when a guy came in offering him a set of four gold coins in a set. [four of these]
That image didn't open for me. Try
http://www.coins-auctioned.com/auctions/rare-collectors-2000-olympic-gold-coin-set-115
He was selling, not buying bullion, so we did a private deal.
I paid $500 which was under spot at the time. Probably my best buy.
I bought quite a few silver coins but I was there when a guy came in offering him a set of four gold coins in a set. [four of these]
That image didn't open for me. Try
http://www.coins-auctioned.com/auctions/rare-collectors-2000-olympic-gold-coin-set-115
He was selling, not buying bullion, so we did a private deal.
I paid $500 which was under spot at the time. Probably my best buy.
agree that its now wise for aussies to diversify their holdings into international markets to gain the benefit of a high AU$.
Disagree about the Baltic Dry Index, this used to be a good leading indicator, but not anymore now that the Chinese have flooded the market with ships.
Traditional measures such as copper, rail container rates/traffic, retail sales etc are still used.
isn't that an older message of kiyosakis? i remember him saying this a few years ago which is what got me starting to think about Au/Ag.
I started buying silver at abt $7/oz from a gentleman who had been a numismatist all his life, opened a shop, and was selling up to fund his retirement.
I bought quite a few silver coins but I was there when a guy came in offering him a set of four gold coins in a set. [four of these]
That image didn't open for me. Try
http://www.coins-auctioned.com/auctions/rare-collectors-2000-olympic-gold-coin-set-115
He was selling, not buying bullion, so we did a private deal.
I paid $500 which was under spot at the time. Probably my best buy.
Great work
That link/auction is coming to a close shortly
Just trying to insert the image now..
worked that time
hobo - can i ask why you bought the liberty?
aren't they only 91% Au?
aren't they only 91% Au?
I bought a few because they were a good price (paid around 7% over spot when they normally incur GST)... they are 22k, but their AGW is still 1oz (they are heavier than pure Gold coins). I only paid around $20 more per coin than what it would cost me for Kangaroos.
I felt I had to send Kiyosaki a reply to that 'COR' update as I found it was somewhat misleading. Here's what I wrote...
BTW do you gold followers watch John William's website ShadowStats.com? Here's a chart that calculates CPI the way the U.S. government used to calculate it before 1980 (ie pre fudging). Current rate of inflation, 11%. Which is actually half the actual increase according to the annual Survey of ThanksGiving food costs, at 22%.
I definitely do....
These stats round out the bigger picture & one must also be somewhat skeptical of government stats due to the short term political interests they must serve.
This came through my inbox the other day but delivery only to American addresses. Priced at $169 sounds ok ?
http://www.1stfederalcoin.com/
http://www.1stfederalcoin.com/
You're paying over double spot price here for a "numismatic" coin, risky business unless you know what you're doing.
2012 = 800,000 mintage on the 1/20th Gold Panda
2011 = 600,000
2001 = 200,000
1988 = 468,683
1987 = 133,088
According to PCGS there are 4000 MS70 2012 coins.
37 in 2011.
None in 2001 (and very low MS69).
None in 1987/1988 (and very low MS69).
So the official coin mintage is a lot higher in 2012 as is the number of highly graded coins. So just because it's priced much lower than the value of the older coins you can see that the older coins have reason to be priced much higher.
If you want to buy bullion it's as simple as walking into a reputable dealer and paying a few percent over spot. If you want to dabble in numismatic coins then make sure you do your reading!
