How To Value your Australian Gold Coins
Building a coin collection, particularly out of gold coins, presents many advantages for the collection owner. Precious metal coins, such as gold coins, act as a hedge against inflation, and also preserve wealth during recessed and depressed economies.
What is Australian Kangaroo Gold?
Perhaps the most popular gold coin on the market is the Australian Lunar Gold Coin, and gold nugget, issued by the Perth Mint in Australia. Sometimes referred to as Australian Kangaroo gold, the Australian Gold Nugget is minted in a variety of valuations, and always cast in 24 carat (pure) gold. Each year, the Perth Mint creates a new design for each of the coins, thus increasing their collectable value, or numismatic value, over time. The Gold Nugget was first minted in 1986 by the Gold Corporation, owned by the government of Western Australia. Up until 1989, the reverse of these gold coins pictured different Australian gold nuggets. With the 1989 edition, the design was altered to feature kangaroos, {the globally recognized symbol of Australia. In 1991, two ounce, ten ounce, and 1 kilo sizes were first produced. These were produced with the intention of keeping premiums low using economies of scale, and are some of the largest gold bullion coins ever manufactured. In 1992, the face values of these large bullion coins were lowered to keep them in proportion to the 1 ounce bullion coin. The reverse of the coins does not vary every 12 months like the lower denominations; the same red kangaroo design is utilized every year.
What is the Australian Lunar Gold Coin
The Gold Nugget bullion coin should not be mistaken for Lunar series gold coins, which are also introduced by the Perth Mint. Like the Nuggets, Australian Lunar gold coins have a different design each twelve months. These are based on the Chinese lunar calendar and feature the symbol for that year, for example a tiger for the Chinese Year Of The Tiger. These animals are shown along with one of the five elements of earth, fire, water, wood and metal. Each element animal combination only occurs every sixty years thereby enhaciing their worth in collector's eyes.
The Lunar series coins are released in the same denominations as the Gold Nuggets, and the same weights. They are also manufactured from 99.99% pure gold.
How To Value you Australian Coins
So you’re ready to start an Australian gold coin collection, or perhaps you already have one. But how do you know what you should pay for a coin, or, what your coins are worth? What you need is The Layman’s Guide to Australian Coin Values Benefit From 12 Years of Dealing in Rare Coins My name's Andrew Crellin, and I've been dealing in rare coins and notes full-time for 12 years now. I started my numismatic career at the Perth Mint, and have spent over a decade in Sydney employed with two of Australia's leading numismatic dealers. If you'd like to learn more about me, check out my credentials by clicking here and scrolling down to the bottom of the page. In The Layman’s Guide, I will show and explain all of the skills you’ll need to build and value your Australian Gold coin collection including: Australia's Gold Coins: Sovereigns and Half Sovereigns How To Tell Where Your Sovereign Is Made Commonwealth (Pre Decimal) Coins How To "Grade" Your Coins Decimal Coins - Pocket Change Lottery! Commonwealth (Pre Decimal) Notes Condition: How to "Grade" A Banknote Paper Decimal Banknotes Polymer Decimal Banknotes How to Get The Best Price When Selling Your Coins and Notes The Leading Numismatic Dealers and Auctioneers in Australia A Resource List (For Much More Information) Clubs and Societies How To Clean Your Coins How To Get Your Coins and Notes Organized
Getting A Valuation - Informal or Written ANDA Trade Shows: Australia's Leading Dealers Under One Roof
You'll have direct access to the pricing information that takes dealers and serious collectors months,
if not years to come to grips with!