one very expensive 5c coin

lacey · July 19, 2013, 08:06:49 PM

Out of my reach unfortunitely.

https://eshop.ramint.gov.au/2013-5c-Gold-Coin/210239.aspx

trout · July 19, 2013, 08:10:33 PM

Quote from: 'lacey' pid='22032' dateline='1374230209'Out of my reach unfortunitely.

https://eshop.ramint.gov.au/2013-5c-Gold-Coin/210239.aspx

I do like them little suckers ,but not that much :angel:

coxspau · July 19, 2013, 08:45:15 PM

For that price, it has to be true love.

Fulvio · July 19, 2013, 09:20:01 PM

A $300 premium over intrinsic value is excessive, IMO. Pass.

trout · July 19, 2013, 10:06:23 PM

Quote from: 'Fulvio' pid='22043' dateline='1374234601'A $300 premium over intrinsic value is excessive, IMO. Pass.

I have just spent $1100 on less than 4 grams of gold and I am over the moon with that arrangement :angel:
It's all about the coin as far as I am concerned and the intrinsic value has little or no meaning as long as the coin is good for you :good:

Fulvio · July 19, 2013, 10:45:36 PM

Quote from: 'trout' pid='22052' dateline='1374237383'...over the moon with that arrangement

Yes, but you weren't buying new gold. You were buying the history and rarity of the items, just as you would in buying a 1930 penny.

New product manufactured and released at excessively inflated prices like this is an entirely different matter. Even if they were ten thousand dollars each, there would still be some people who would pay it. And if the mint felt they could make more money from the reduced number of sales, then they would jack the price up to that level, without any shadow of a doubt. I'm sure they will continue to inflate their prices each year as long as they can get away with it.

I find this morally bankrupt, and generally speaking I vote with my wallet and refuse to encourage them. The aftermarket is a different matter though, and I could see such prices being acceptable for some items.

trout · July 19, 2013, 10:49:27 PM

Quote from: 'Fulvio' pid='22061' dateline='1374239736'
Quote from: 'trout' pid='22052' dateline='1374237383'...over the moon with that arrangement

Yes, but you weren't buying new gold. You were buying the history and rarity of the items, just as you would in buying a 1930 penny.

New product manufactured and released at excessively inflated prices like this is an entirely different matter. Even if they were ten thousand dollars each, there would still be some people who would pay it. And if the mint felt they could make more money from the reduced number of sales, then they would jack the price up to that level, without any shadow of a doubt. I'm sure they will continue to inflate their prices each year as long as they can get away with it.

I find this morally bankrupt, and generally speaking I vote with my wallet and refuse to encourage them. The aftermarket is a different matter though, and I could see such prices being acceptable for some items.

Just having a crack Mate I do agree that the mints are jacking the price on PM coins :ok:

runway · July 19, 2013, 11:56:23 PM

Outrageous the full mint set is over $10k no no

robbiegal · July 20, 2013, 08:36:33 AM

but, ..... they always increase in re-sale value don't they?
the gold decimals are one of the true investment RAM coins aren't they?

Goldseeker · July 20, 2013, 01:05:29 PM

Gold coins costs up, gold at the moment, down. What to do?

keldaw · July 20, 2013, 03:16:32 PM

$ 595 .00 for a gold .5 cent ,

for an extra $ 100.00 I will sell ya a gold $200.00 coin , 22 cts gold

now that is a bargain .. better be quick , I am away on holidays on

Monday ,, kel ,,

opps , my mistake , it is a $ 200.00 dollar gold coin from 1993 Melbourne olympic not a $ 1.00 coin as first stated ..

runway · September 07, 2013, 10:42:05 PM

Perth Mint Gold coin markup in price is outrageous and not even collectable