Please help identify the bullion coins in this stock photo from Iran: I think it's this one, no? Those coins in Photo #1 look new. So is Iran producing lots & lots of new Gold coins, as money? Mintages? More info? Related thread, here: http://www.cointalk.com/t218565/
I think it's the 1 Bahar-e Azadi ("Azadi" = 22k, 0.2354 ozt Fine Au) ... those all look brand new. 1 Azadi = Market Price in Iranian Paper 12/18/2011: 6.05 million Rials 10/15/2012: 14.10 million Rials 02/03/2013: 15.30 million Rials 02/19/2013: 14.68 million Rials 03/05/2013: 13.17 million Rials 03/06/2013: 13.62 million Rials 03/10/2013: 13.40 million Rials 03/11/2013: 13.50 million Rials 03/12/2013: 13.60 million Rials 03/13/2013: 13.55 million Rials 03/17/2013: 12.85 million Rials 03/18/2013: 13.35 million Rials 03/25/2013: 13.35 million Rials http://www.bullionstreet.com/news/iran-gold-hits-all-time-high/3138 http://www.bullionstreet.com/news/iranians-shun-own-currency-for-gold/3983 In French: http://www.metaux-precieux.fr/informations/catalogue-des-pieces/pieces-en-or/iran/ I'm looking at 'Gold premiums as a metric for Currency Crisis' but this article approaches the same idea from the cost of consumer goods: http://www.washingtonpost.com/blogs...-perfect-time-for-a-vacation-to-iran-sort-of/
o.k., so I looked at the Gold Price and the free market USD$ rate in Tehran for those dates to find the GOLD premium on this 1 Azardi coin. Believe it or not, the Tehran Gold premium is a scant 1.6% to 6.7% over Spot POG????!!! Gosh, we're paying alot more than that for bullion on feeBay, every day. Takeaway: Gold is fairly priced in Tehran and normally trading at VERY low premiums (compared to the US retail mkt) to Iranian Rials on the free mkt there.
