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Austria 100 Coronas at the Big A .Gold under spot, well sorta.

blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

Apmex is selling 100 Coronas currently for $1853.76
https://www.ebay.com/itm/123063077166?_trkparms=5079:5000006556

.9802ozt gold, melt value is currently $1791.79. Most people should have got the 5% eBay bucks coupon which earns $92.69.
$1853.76 - $92.69 = $1761.07. My capital one quicksilver is also currently giving 3% off ebay purchases if I click through the link so if you have one of those theres another $55.61 in CC rewards. $1761.07 - $55.61 = $1705.46. Not too shabby. RGDS!

The whole worlds off its rocker, buy Gold™.

Comments

  • taxmadtaxmad Posts: 960 ✭✭✭✭

  • derrybderryb Posts: 36,034 ✭✭✭✭✭
    edited June 29, 2022 4:23AM

    only problem with deals like this is the low price indicates the difficulty in resell without a likewise low price. Premiums tend to carry to both sides of a trade.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • WeissWeiss Posts: 9,922 ✭✭✭✭✭
    edited June 29, 2022 7:24AM

    . deleted because I'm kinda dumb sometimes.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    @Weiss said:
    . deleted because I'm kinda dumb sometimes.

    Been there and done that also!

    ----- kj
  • pmh1nicpmh1nic Posts: 3,117 ✭✭✭✭✭

    The plus is low price. The minus is lower recognition and dealing with percentages of melt versus 99.9 gold. That said it’s still gold and over the long term a stable store of value in an unstable world.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

    Well, that 100 Corona is now available at Liberty Coin for $1767.56. Damn near a C note less than it was just 8 days ago at the Big A. Maybe the Big A figured out how to predict the future??? LOL Too bad no promotions although there's govt gold bullion at spot. Must be a WHALE out there dumping a bunch of these.
    https://www.ebay.com/itm/302044703064?_trkparms=5079:5000006556

    The whole worlds off its rocker, buy Gold™.

  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    I think they do have a good handle on when the market is about to drop. Some pretty decent sales were listed right before this drop down happened.

    ----- kj
  • ashelandasheland Posts: 22,572 ✭✭✭✭✭

    For world gold, I think my favorite choice is sovereigns.

  • Mike59Mike59 Posts: 294 ✭✭✭

    I bought the biggest gold coin I saw at my LCS before the crazy premiums. Paid either melt or 1-2% over. 1961 Peruvian 100 soles 1.335 ounce of gold. Only 6800 made for that year. Coins Gorgeous but when I sell I don’t think I’m going to get much of a premium back.

    MIKE B.

  • PerryHallPerryHall Posts: 45,209 ✭✭✭✭✭

    @Mike59 Your coin contains 42.1264 grs of gold. Why such an odd weight?

    Worry is the interest you pay on a debt you may not owe.

  • Mike59Mike59 Posts: 294 ✭✭✭

    Hi Perry this is an article I found before I decided to buy the coin…sorry for length I wanted to leave article as it is. World Coins – Peru 100 Soles Gold Coins Offer Low Mintages, Rich Beauty
    By Joshua McMorrow-Hernandez - March 30, 20169473 0

    wingsperu

    By Joshua McMorrow-Hernandez for Coinweek …..

    The Peru 100 Soles gold coin series is one of the most beautiful yet elusive classic world gold coins. Issued from 1950 through 1970, 100 Soles gold coins were typically minted in very small numbers, with all but three issues seeing fewer than 10,000 pieces minted.

    During many years, less than 1,000 coins were made.

    However, low mintages aren’t the only selling factor with the Peru 100 Soles gold coin. Its relatively large bullion content is another reason many collectors and bullion investors enjoy these hefty gold coins. Measuring 37 millimeters in diameter (nearly the size of a classic American silver dollar) and three millimeters in thickness, the 100 Soles coin consists of 90-percent gold and weighs an impressive 46.8071 grams (1.3543 ounces).

    But if low mintages and substantial bullion content aren’t enough to convince you of the merits of these classic gold coins, perhaps their gorgeous design will.

    The obverse depicts an ornate seated Liberty figure adorned in a lavish dress. Held in her right hand is a shield bearing a Sol de Mayo (“Sun of May”) design–a symbol of South American independence–while in her left hand is a pole topped with a cap.

    Before her is a short column displaying a wreath; loosely wrapped around the monument is a large ribbon bearing the word LIBERTAD.

    The central design feature on the reverse is Peru’s coat of arms, which contains three main elements:

    In the upper left of the shield is the vicuña, a camelid creature that serves as Peru’s national animal and represents the country’s fauna on the national seal;
    In the top right segment of the coat of arms is the quinine tree, the source of a popular flavoring for tonic water and also the necessary ingredients for anti-malarial drugs;
    At the bottom of the seal is a cornucopia filled with coins, symbolizing the nation’s abundant mineral resources.
    Mintages by Year

    As mentioned above, Peru 100 Soles gold coins are relatively scarce. The highest-mintage piece, a 1965 commemorative issue honoring the 400th anniversary of the Lima Mint, saw just 27,000 pieces struck, though many dates had production runs a fraction of that. As always, collectors shouldn’t fixate on mintage figures alone when determining how scarce a coin is, especially when dealing with older gold bullion coinage. Many of these pieces have been melted over the years, and thus are actually much scarcer than even the anemic mintage figures below may suggest.

    1950 – 1,176
    1951 – 8,241
    1952 – 126
    1953 – 498
    1954 – 1,808
    1955 – 901
    1956 – 1,159
    1957 – 550
    1958 – 101
    1959 – 4,710
    1960 – 2,207
    1961 – 6,982
    1962 – 9,678
    1963 – 7,342
    1964 – 11,000
    1965 – 23,000
    1965 (400th Anniv. Lima Mint) – 27,000
    1966 – 3,409
    1966 (100th Anniv. Peru-Spain Naval Battle) – 6,253
    1967 – 6,431
    1968 – 540
    1969 – 540
    1970 – 425
    While mintages for the 100 Soles gold coin are relatively tiny, most issues can still be obtained for only a nominal amount over their spot value in grades of Extremely Fine-40 or below, with the exception of the scarce 1952 and 1958 issues. “Run-of-the-mill” uncirculated examples of the 1952 and 1958 gold coins presently sell for about $7,000 and $12,500+, respectively.

    The 1965 100 Soles gold coin honors the 400th anniversary of the Lima Mint, where all of the 100 Soles gold coins were made. On the obverse of the Lima Mint commemorative gold coin is the national coat of arms, and on the reverse is a design incorporating the Pillars of Hercules within a circle surrounded by the words LIMA 1565-1965.

    The 1966 commemorative gold coin obverse shows the national coat of arms, while on the reverse proudly stands the goddess Victory dividing an 1866-1966 dual date element. While both commemorative coins feature special designs, neither piece is relatively more scarce or higher priced than the Seated Liberty 100 Soles coins.

    The Peru 100 Soles Gold Coin Market

    Run-of-the-mill circulated or uncirculated specimens of the Peru 100 Soles gold coin make gorgeous additions to any world coin collection and are exotic inclusions in a bullion portfolio. Those in pursuit of high-grade 100 Soles coins will not be disappointed, though patience is the key for those who wish to buy high-quality examples of the low-mintage gold coins.

    Relatively few coin dealers specialize in this material, so it may prove difficult to find these coins at the typical coin shop, let alone a specific date or issue. Buyers may have to peruse online dealers to find what they are looking for. Many bullion distributors sell random dates in the About Uncirculated to Uncirculated grade range for a small premium over spot.

    Most common-date specimens grading between AU and MS-64 are presently listed for between $2,000 and $2,500 on sites such as eBay. Several notable specimens have also been listed on the popular online auction site. These include a 1963 specimen graded MS-67 by the Numismatic Guaranty Corporation (NGC) and approved by the World Identification and Numismatic Grading Service (WINGS).

    This piece, the highest-grading specimen for its issue, was listed for $4,934.30.

    Another NGC gem, a 1964 100 Soles gold coin graded MS-66, was offered for $3,324.25.

    A 1951 NGC MS-66 specimen, with just one piece grading higher, was offered for sale at $3,275.

    Peru 100 Soles Gold Coins Currently Available on eBay

    [wpebayads]

    Previous article
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    MIKE B.

  • taxmadtaxmad Posts: 960 ✭✭✭✭

    Interesting article - buy do you have any idea why there is such an odd amount of gold in the coin?

  • Mike59Mike59 Posts: 294 ✭✭✭

    I’m not sure why they used a crazy number like 42.1264 Grams. Maybe because it was bigger than the Mexican 50 peso gold coin but not sure. If anyone does know I’d love to hear why.
    Mike

    MIKE B.

  • jdimmickjdimmick Posts: 9,578 ✭✭✭✭✭

    I bought one (100 corona) in shop monday, been offering it at 98.5% of spot, and no takers. Off to the melter.

  • PerryHallPerryHall Posts: 45,209 ✭✭✭✭✭

    @jdimmick said:
    I bought one (100 corona) in shop monday, been offering it at 98.5% of spot, and no takers. Off to the melter.

    I didn't see it on the BST. I must have missed it.

    Worry is the interest you pay on a debt you may not owe.

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