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Perth Mint 2011 1oz Gold Kangaroo Coins, $30 over Spot Price (Circa $1580) @ Bullion Money

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Perth Mint 2011 1oz Gold Kangaroo Coins, $30 over Spot Price (Circa $1580) @ Bullion Money
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AssociatedBullion Baron on 31/03/2015 - 12:14 bullionmoney.com.au (988 clicks)
Last edited 31/03/2015 - 12:18

This is a good deal (low premium) for 1oz Gold coins if you are looking to buy. Please note that spot price moves throughout the day so you could buy now and the price might be lower or higher tonight. The bargain is on the premium over spot price. Normally a $30 premium would only get you a cast bar, but instead you get a sought after minted coin.

I have checked other bullion dealers websites, those I found with this coin had it for $60 over spot, so it's around a $30 saving. That may not sound like a lot if you are unfamiliar with Gold coins, but it's a 50% discount on the premium, bullion is a low margin business :)

I have ticked affiliate only because the company sponsors my sites (e.g. advertises on www.bullionbaron.com), but I don't receive any direct benefit from posting this deal.

If you have any specific questions (e.g. about their sales process), please contact them directly: https://bullionmoney.com.au/contact

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closed Comments

  • [Deactivated] on 31/03/2015 - 12:17

    gold is a bargain……..

    • AssociatedBullion Baron @ Bullion Money on 31/03/2015 - 12:28
      +1

      Wish I could travel into the future and confirm ;), but yes I think so too.

      • [Deactivated] on 31/03/2015 - 12:35
        -3

        wish you could also figure out what a bargain is…………………………

      • Snoop on 31/03/2015 - 12:38
        +1

        Into the future, I'd rather travel back in time. Even to just Nov last year would do!!!! ;)

        • Super_Dre on 31/03/2015 - 14:41

          I know!, our dollar has killed the purchasing power for gold and silver…

        • Snoop on 31/03/2015 - 20:46

          @Super_Dre:
          I was more thinking the fact that gold was trading at low 13s for a short time last year!

  • Mikinoz on 31/03/2015 - 12:32

    This is a bargain because?

    • Turd on 31/03/2015 - 12:35
      +3

      1oz BARGARIN

    • AssociatedBullion Baron @ Bullion Money on 31/03/2015 - 12:36
      +5

      Because it's around a 50% discount on the premium normally charged by a bullion dealer for a 1oz Perth Mint Gold Kangaroo Coin. It is a bargain for those looking to buy bullion Gold coins.

      I understand this deal will only appeal to a select few on OzBargain.

  • overlook on 31/03/2015 - 12:35

    lol @ $30 over spot…hmmmm

    • Snoop on 31/03/2015 - 12:39
      +1

      What's it cost to do a single trade nowadays!

      • overlook on 31/03/2015 - 13:58

        Thought $20 was the usual. Guess not anymore

        • Snoop on 31/03/2015 - 20:41

          That's what I thought too. So the extra $10 to get it in the form of a minted coin isn't too bad!

  • frogduck on 31/03/2015 - 12:45

    This popped up just at the right time, I was just looking at purchasing some gold bullions. So if I was to purchase these, I'm assuming they would have value in the gold (looks like its quite pure from the description) and the coin demand?

  • LoungeLizard on 31/03/2015 - 12:59

    I never knew that gold coins are legal tender … face value $100.

    • AssociatedBullion Baron @ Bullion Money on 31/03/2015 - 13:22

      A coin is (or was) legal tender by definition, other Gold disks would be considered a round or medallion.

      Technically you could take this one into a bank & cash it in for $100, but that would be silly given it's value ;)

      • [Deactivated] on 31/03/2015 - 13:49
        -3

        how about you sell it for $100?

        • aztecian on 01/04/2015 - 03:11

          i'll pay you $200 if you have one for sale

  • abc on 31/03/2015 - 16:03

    Not sure if this is a sound investment. Where would you go to sell/exchange this for cash?

    When you want to sell wouldn't the coin be subject to demand/collect-ability and not the actual gold price at the time? As this is more of a numismatic collectible coin than buying actual gold bullion and having it stored in a vault?

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