Australian Coin Values

Silver-Coin Sales 'Booming' at Perth Mint as Investors Desert Paper Money

Silver-coin sales from Australia ’s Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.

The mint sold 10.7 million 1-ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That’s 66 percent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of 1- ounce gold coins will be close to a record, he said.

The soaring demand adds to signs investors are stepping up precious-metal purchases as Europe’s governments tackle a sovereign-debt crisis and central banks led by the U.S. Federal Reserve print cash to stimulate their economies, potentially devaluing paper currencies. Silver, the second-best performing commodity over the past year, rallied to a record in April.

“Silver’s still booming and it’s been going strongly for a year,” Currie said in interview yesterday from the mint in Western Australia ’s capital. “A lot of the buying is by people new to the market,” with European and U.S. investors the most active international purchasers of the mint’s products, he said.

Immediate-delivery silver, which rallied to $49.79 an ounce on April 25, was at $36.33 at 4:40 p.m. in Perth, 42.6 times cheaper than gold. Over the past year, silver has beaten all the commodities on the Standard & Poor’s GSCI index apart from top- ranked corn. Spot gold, rallying for an 11th straight year, has gained 25 percent.

Sovereign-Debt Crisis

Gold has become the preferred “coin of the realm” during Europe’s sovereign-debt crisis, Dennis Gartman , editor of the Gartman Letter, said in May. There is a “distinct possibility” that Greece , which is seeking additional financial aid, may leave the euro zone and go back to the drachma, Pictet & Cie Chief Investment Officer Yves Bonzon said in London yesterday.

“Sales of gold coins in Greece have risen considerably as nervous savers shift out of cash deposits,” UBS AG analyst Edel Tully wrote in a note today, citing a report in the Financial Times. “This ties in with our own sales of coins and small bars to Europe which have accelerated in recent days.”

Global precious-metals sales have also been fueled by concerns that inflation may accelerate, especially in India and China, with the World Gold Council this month predicting a “tidal wave” of demand from the two largest users. China will more than double the planned output of official gold panda coins this year to 1 million ounces, according to the central bank.

Australian Coin Values - News

Silver-Coin Sales 'Booming' at Perth Mint as Investors Desert Paper Money

Exports may climb 15 percent to 358 tons because of a gain in refined shipments sourced from Australian mines and overseas, it said. Currie declined to give a total output figure for coins and bars, or the value of the bullion stored on behalf of

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Coin Values Australia | ASIAN ANTIQUES

Why Old Coins are Sold for a Much Higher Price Than Market Value

Old Coins are fun to collect. Coins are a part of our lives for as long as civilization ever existed. Coins have been a source of money exchange for centuries now.

Old coins or rare coins are a collectors item , they are bought only by people who collect coins as a hobby or by coin dealers who are looking for a better deal.

The oldest coins are quiet a debatable topic ,some say the oldest coins belong to the Lydian origin ,where as some believe the oldest coins belonged to the Indian origin ,known as Karshapanam.

US and Canada are known to house some of the oldest and well in demand coins ,for generations coin collecting is very popular for example the 20$ Saint -Gaudens coin is considered as the oldest and most beautiful coins in America. Along with Red Indian printed coins of denominations $10,$2.50,$5 and $1 are also a very old specimen .

Face of Liberty engraved on $20,$10,$5,$2.50 and $1 are also the oldest as well as the most popular among the collectors item.

Canadian Royal Mint has produced a special edition gold coin to mark the 25th Anniversary of Canada ,these coins were printed with The Maple Gold Leaf ,this coin is known to fetch a very high value in the collectors market.

Countries like Australia British and European countries are becoming increasingly aware of old coin values ,and their historical significance.

Some of the Worlds Old coins are the Swiss 20 franc French 20 franc Angel French 20 franc Rooster British Sovereign French 20 franc Napoleon III Italian 20 Lira .

Some of the old Silver coins are the Morgan Silver Dollar ,Peace Silver Dollar and the Buffalo Commemorative Silver Dollar.

Coin values are determined by their uniqueness their age their condition and their demand . An old age coin is always more in demand and priced at a higher value.Coins and their values are dependent on the collectors market ,sometimes an old coin may not be as highly priced as a commonly circulated coin as the demand of the old coin is less n the collectors market.

Old coins are also evaluated as per their condition, an old coin which has faced a lot of ware and tear in its life will not be graded well and will loose its market value.

Coin grading is an important phenomenon in the coin collectors market. Especially for Old coins grading becomes up most important to ensure the authenticity as well as the condition of the coin.