Auction buyers get serious about Australian gold coins

Australian proof gold coins dating from 1986 to 1988 produced by the Perth Mint in a large jarrah timber presentation box (lot 53) brought the top price of $17,327.50 (including buyer’s premium) at Leski Auctions Stamps, Coins and Postal History Melbourne sale on May 10.

A 2d Kangaroo stamp (lot 177) with a catalogue estimate of $150-$200 surprised many auction goers when the successful bidder finally got their hands on the item for an incredible $15,535. 

More reasonable was the two-pound grey and crimson Kangaroo stamp (lot 195) which brought $10,755, comfortably within its $10,000-$12,500 catalogue range. 

A flight cover flown in February 1920 from Syria to Australia by pioneer aviator Captain Ross Smith (lot 407) finished fourth on the top 10 auction list with a $7648 result. 

Another presentation case of gold coins from the 1989 gold nugget series (lot 54) finished a credible $5855, well within its estimate range. 

Buyers then bid the same price was then paid for most of the gold coin series from 1990 to 2004 (lots 55, 57, 58-62, 64-65 and 68), each of the lots bringing $5258.

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