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Silver Bullion Coins 2018: Some surprising news from Australia


coinosseur

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An official document from the Australian government reveals extremely exciting details for the Australian Bullion Program of 2018:

https://www.legislation.gov.au/Details/F2017L01024/Explanatory Statement/Text

The most important facts at a glance:

- The Wedge Tailed Eagle gets a new design in 2018
- The "Emu" returns - as a silver bullion coin
- As a successor of the "Dragon & Phoenix" coin comes a "Dragon & Tiger" coin
- The swan comes out in 2018 as silver and gold coin
- There will be a 1.5 ounce silver coin "fresh water crocodile"

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On 21/08/2017 at 14:46, Pete said:

When an Australian coin is first released - where is the best place to buy from for us stackers in the UK ?

Bump - any feedback as genuine question ? as I need to buy several 2018 coins when they appear.

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In general, German dealers, but direct from Perth Mint (for numismatics) can be better if you order enough to get free shipping and then only pay the 5% vat

I'm working on the PM to try to get them to use the correct customs code

Profile picture with thanks to Carl Vernon

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27 minutes ago, sovereignsteve said:

In general, German dealers, but direct from Perth Mint (for numismatics) can be better if you order enough to get free shipping and then only pay the 5% vat

I'm working on the PM to try to get them to use the correct customs code

wow now euro to pound 1.08 , by the time u pay its about 1:1.05 that's worst than tax whatever code

MY TOTAL FORUM TRADE FEEDBACK IS 100 AND IT IS 100%

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19 minutes ago, fehk2001 said:

wow now euro to pound 1.08 , by the time u pay its about 1:1.05 that's worst than tax whatever code

In theory, prices will depend on relative spot prices compared to the AUD. The PM will buy silver in $ and convert to a coin sold in AUD. If I buy direct from PM, cost will depend on GBP:AUD exchange rate and cost of coin in AUD. If I buy from Germany, assuming high € and normal AUD, price should be the same relatively speaking, as coins will cost less € but my GBP won't go as far. Effects should cancel out.

Profile picture with thanks to Carl Vernon

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5 minutes ago, sovereignsteve said:

In theory, prices will depend on relative spot prices compared to the AUD. The PM will buy silver in $ and convert to a coin sold in AUD. If I buy direct from PM, cost will depend on GBP:AUD exchange rate and cost of coin in AUD. If I buy from Germany, assuming high € and normal AUD, price should be the same relatively speaking, as coins will cost less € but my GBP won't go as far. Effects should cancel out.

in theory yes but require perfect timing most of the time, especially collectables their price wont change much downwards so it will pretty much depends on exchange rates  . 

MY TOTAL FORUM TRADE FEEDBACK IS 100 AND IT IS 100%

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