$200 Australian Gold Coins 10g 22crt
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$200 Australian Gold Coins 10g 22crt

AUD$528.97
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This is a limited release legal tender coin produced by the Royal Canberra Mint with a face value of $200. It contains 10grams of 22ct gold which is 91.67% pure gold, so 0.2948 ounces of 9999 pure gold. Because they are still currency they do not attract GST despite not being 9999 pure.

The obverse of the coin depicts the Arnold Machin portrait of Queen Elizabeth II, the head of the British Commonwealth. The reverse depicts an Australian Koala sitting in a eucalyptus tree. The $200 gold coin with the koala reverse was minted in 1980, 83, and 84 with the Machin obverse and in 1985-86 with the Raphael Maklouf portrait of the Queen.

When first minted in 1980 it had a metal value just below its $200 face value. In early 2014 that same coin is worth about $420. 4 x $50 notes from 1980 are now worth $200…

Coins are a popular choice of bullion given their legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage / insurance requirements. Refer to the ATO or your advisor for more information
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