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Thursday, June 02, 2005

How to buy Australian Gold Coins from the Perth Mint

The Perth Mint in Australia makes and sells the The Australian Gold Nugget Coins series and the Australian Lunar Gold Coin series.


Australian Gold Nugget Coins

The coins come in following sizes:

1/10 ounce
1/20 ounce
1/2 ounce
1 ounce
2 ounces
10 ounces
1 Kilo

The coins are 99.99% pure gold.

The gold coin price which includes the current gold price and the Perth Mints margin varies depending on the quantity you order and the size of the coin. The minimum order you can make is 1 coin, which makes the Perth Mint ideally suited to even the small gold investor. In order to get the lowest gold coin price you would need to order over 100 coins at a time.

If you order up to 10 one once coins at a time you will pay about 6% above the current gold price. Once you order more than 10 coins at a time the margin above the current gold price that you pay will decrease.

The one ounce gold coins allow you to buy more gold for your money compared to the he smaller 1/10 ounce gold coins, which start with a margin of about 40% above the current gold price. However, the margin is much less on larger orders of 1/10 ounce coins.

How to order your Australian Gold Coins.

You will need to call the Perth Mint on the telephone to buy gold coins from them. When you call them up let them know how many coins you would like to buy and what type of coins you are interested in buying. They will then give you a price which they will lock in with you on the phone as the price you will pay to buy the gold coins. The will let you know on the phone how much the insurance and postage and handling will be. Once you have locked in a price with the Mint you can't change your mind and must go ahead and pay for the coins.

The Mint will give you their bank account details in Australia.

Once the Mint has verified your funds in their bank account they will wait 5 days before sending your coins. The day before they send your coins they will call you on the telephone to tell you that they are going to send your coins the next day, they will ask you to call them if the coins don't arrive.

Of course they will arrive, by courier within about 3 days in most parts of Australia. You will then need to sign for your gold coins.

The coins will be inside individual plastic display cases to protect them from being scratched or marked by fingerprints etc. The individual display cases are wrapped in bubble wrap to also prevent them from being scratched.

If you would like individual jewelry box style display cases you will need to request these when your order and they cost a little extra.

You can purchase Australian Gold Coins direct from the Perth Mint by contacting Gordon Smith on Phone: (618) 9421 7412 or Fax: (618) 9225 5012 or email gordons AT goldcorp.com.au

Perth Mint Australia