Calling coin people - need some advice!

[*raqshaki*]

My brother has a collection of Australian gold 22ct $200 coins, all in their packaging. He would like to sell them. Some advice on where to go please?

Thanks
Deb V

[appleangel07]

Hi Deb V, Here on ebay is as good a place as anywhere, here is a link to current listings.

http://www.ebay.com.au/sch/i.html?_odkw=&_osacat=45142&_trksid=p2045573.m570.l1313&_nkw=%24200+gold+coin&_sacat=45142&_from=R40

[*raqshaki*]

TThanks I offered to sell for him, but we live 1200 km away - he is in Sydney. He is not at all computer literate and the whole eBay thing scares him. And no one would buy flash gold coins from a newby!

[appleangel07]

OK,well there is a few auction places down there, Sotheby's, Bonhams or Auctionworldonline he could try.

[putney32]

Deb what City does your brother live in/ near?

there are professional Coin Dealers in most capitals of Aust. who buy and sell $200 coins all year round.

also, Syd/Melb/Bris/Adelaide have stamp and coin fairs every year attended by dealers from all over the country

[beryl_green]

it might be a good idea to contact the mint to find their actual worth before he tries to sell them.

[gold*n*pawn]

$200 gold coins are governed by gold prices.. Ebay, private auction houses and coin dealers is not who you should seek out.. Just a quick check through completed listings on ebay shows that $529 was the highest paid for one and $400 the lowest, take into account that you virtually pay 10% fees (including paypal) that means that you would end up with $476 for a $529 sale..

http://www.ebay.com.au/sch/Australian-/45142/i.html?_from=R40&_nkw=%24200+gold+coin&_in_kw=1&_ex_kw=&_sacat=45142&_okw=&_oexkw=&_adv=1&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=200&_fpos=&LH_SALE_CURRENCY=0&_sop=12&_dmd=1&_ipg=50

Private auction houses are a no no as well, factor in the sellers commission and you would be lucky to come out of it with $450 and i would be very surprised if you could better $450 with a coin dealer, Perth mint are paying $381.10.

Who you should be looking for is a reputable gold buyer, on today’s gold price i would pay $485.45 and doubt that you could find a better price.