Gold coins. Which are the best Australian individual coins to buy for Grandchildren?


I’m getting a feeling I’m not much longer for this world, no evidence, just feeling much older than last year, and I want to spend a bit of money on the grandchildren. I started off with nothing so I’ll leave it to Mrs Gumnut to distribute our gotten gains as she wishes as she is more sensible than I am.

I’m looking at buying some Gold Coins, probably from the Perth Mint, but I’m not tied to that source if I can be convinced otherwise. @Sean K is an expert and I note @qldfrog stores gold in bullion centres, there may be others out there who have some experience and skill who could advise me. Sean is presently out of the country probably being pickpocketed by some gypsies on the Pont des Arts in Paris as I write, so he may not see this post until later, if they haven’t taken his phone as well.

I’m even unsure how much a typical coin costs and I realise they are linked to the POG and possibly special editions. I’ve had a look at the Perth Mint website but would appreciate some advice from people who have actually bought coins.

Do some coins appreciate in value more than others of a similar price? Obviously rare “2nd hand ” ones of numismatic interest would vary very much in price. I’ve looked at some numismatic sites and magazines and got lost and I find the Perth Mint site difficult to navigate … just me.

I’ve got 7 grandchildren and would like each to have a similar coin. My total spend would be up to $AUD 21,000, i.e $AUD 3000 each but less would be ok if the coins were suitable. Perhaps I’d need more. I honestly don’t know. Thanks for reading this. In anticipation of advice from some members who have actually bought gold coins.

gg


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