Buy Gold in Australia

To buy gold in Australia is very easy. Australia is fortunate enought to have two mints. the Perth Mint and the Australian Mint. Probably the first place one would look to is the Perth Mint who sell a very extensive range of gold products. Also there are a number of reputable Australian Gold Dealers one can buy gold from in Australia.

Australian gold products include:

• Australian gold coins
• Australian gold bars and bullion
• Australian Nuggets
• Early Australian Gold Jewellery

The Australian Gold Sovereign is popular with collectors, having an investment potential as well as beauty and rarity. The Sovereign has been struck at the Australian Mint and Perth Mint over a period of years and while the recently minted ones are excellent in their own right, the earlier and rarer ones are also sort after by enthusiasts building a collection.

The Australian Gold Bar is another fine gold product popular with collectors. These are obtainable from the Perth Mint as well as dealers around Australia.

There is a lot of romance and mystery surrounding the Australian Nuggets. These are quite rare as are only found on the surface while prospecting and never found underground. Australian Nuggets are an excellent investment due to their rarity and popularity with collectors. Each nugget is individual with no two being alike. They range from fractions of an ounce to over 10 ounces in very rare cases.

Early Australian Gold Jewellery is almost a separate subject itself and it requires some considerable experience and expertise to know what to collect and what to pass by. Available mostly from dealers and auction houses, the value of Australian Gold Jewellery depends largely on the rarity, genuineness and historical interest of the piece. Early Australian Gold Jewellery is not something the novice gold collector would collect.

Australian Gold usually has a history that provides a bonus to the serious side of gold collecting. To buy gold in Australia can indeed be a satisfying and rewarding pastime

Gold and Silver Coin Prices

Gold and silver coin prices will gradually increase as the value of gold and silver increases. This has been noted already over the past few months and, provided the increases continue, then the value of gold and silver coin collections will increase in value also.

Gold and Silver Coin Sets are a good way to increase your gold and silver coin prices. Coins that form sets tend to be worth more than individual coins. If you have one Chinese panda coin it has a specific value. But if you have a set of Chinese Panda coins such as China 2005 Panda 5-coin gold Premier Set, for example, then each coin would be worth proportionately more by virtue of being in a set.

The China 2005 Panda 5-coin gold Premier Set is issued in five denominations from one twentieth of an ounce through to one ounce and there were only 2000 sets of these coins issued.

Other sets of gold and silver coins have been issued in the US, UK and Canada among other countries and these, although the price tends to be high, are an excellent value for coin collectors.

Collecting the same coin but different issues each year is another way of improving one's coin collection.

Canadian Maples and the Australian Lunar Series come to mind as typical examples. A new coin is issued each year and some collectors studiously collect each coin and add it to their collection. This provides a steady improvement in the value of the entire set and, with the steady increase in the value of gold and silver, the value of the set takes on a new meaning.

With the time, effort and expense of building up such a set some collectors rarely sell their coin sets and this tends to add to the value also. many collectors have several sets of different coins.

As it looks quite likely that gold and silver coin prices are going to continue their gradual rise in value, it would probably pay to hang on to any sets of coins one has and perhaps even enhance their value with additional coins where one can!

Gold Coin Prices

Are the gold coin prices you are being quoted by your gold coin dealer too expensive?

3 Factors that Effect the Gold Coin Price

1. The gold coin weight 

You should expect gold coin prices for coins that weigh less than 1 ounce to be much higher than the current gold price as the coin weight decreases. The weight of the gold coin will have the biggest effect on the gold coin price you are paying. For example 1/10 ounce gold coins can cost as much as 50% above the current spot gold price. While 1 ounce gold coins generaly cost between 4 and 12% above the spot gold price.

2. The number of gold coins you are buying
There are often large discounts for buying more gold coins. If you are buying only 1 gold coin at a time you can expect to pay much much more than if you bought for example 10 gold coins at a time. Generally you need to buy at least 10 gold coins in order to enjoy a reasonable discount.

Due to the low margins which Gold Coin Dealers receive, it is common with large gold coin dealers to require you purchase a minimum of 10 coins at a time.

For example the margin above the current gold price charged by the Perth Mint in Australia on their one ounce 99.99% pure gold bullion coins is 6.5% if you buy only one coin, if you buy 10 or more coins its 4.5%.


3. The Spot Gold Price

How to calculate the gold price you are paying for a gold coin: 

Always work out what the gold price per ounce you are paying is and compare it to the spot gold price. If you are paying more than 12% above the current gold price per ounce for a one ounce gold bullion coin then you are probably paying too much! Unless it is a rare gold coin. (This does not include the costs of postage and insurance.)

To calcultate the gold price per ounce you are paying for comparision to the current spot gold price use this table:

1/10 ounce gold coin : mulitply the gold coin price by 10
1/20 ounce gold coin : multiply the gold coin price by 5
1/4 ounce gold coin : multiply the gold coin price by 4
1/2 ounce gold coin : multiply the gold coin price by 2
1 ounce gold coin : the gold coin price equals the gold price
2 ounce gold coin : divide the gold coin price by 2

Example 1. How to calcultate the gold price per ounce you are paying for a gold coin 

If a 1/2 ounce gold coin costs $300US. Mulitple the gold coin price ($300) by 2 = $600 per ounce. In this example you would be paying the equivilant of $600US per ounce.

Example 2. How to calculate the percentage above the spot gold price you are paying for a gold coin.

Pecentage above spot gold price = ((Gold Coin Price per Ounce(Calculated in Example 1.) divided by the price of gold per ounce) - 1.

e.g. If we have a current gold price of $440 per ounce and we have calculated in example 2 above that we are paying $600 per ounce then we have:

Percentage above spot gold price = ($600/$440)-1
= 1.36 - 1
= 0.36
= 36%
In this example you are paying 36% above the current gold price.