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selling gold

Discussion in 'Other Off Topic Forum' started by johnnyo, Oct 3, 2010.

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  1. johnnyo

    johnnyo Karting

    May 8, 2009
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    #1 johnnyo, Oct 3, 2010
    Could somebody tell me how to sell gold coins. With the price of gold these days-I would like to un-load some 20 dollar gold pieces. They have been professionally graded Ms-63 and are late 1800's and early 1900's. I would think that they would bring alittle more for nuismatic value!
     
  2. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    #2 WILLIAM H, Oct 3, 2010
    Hold on to them. Too early to sell still unless you really need the $. The USD is still in freefall w no end in sight which will keep pushing up the price of gold & everything else

    There are lots of places that buy gold these days so unloading them should be easy
     
  3. Simon^2

    Simon^2 F1 World Champ

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    #3 Simon^2, Oct 3, 2010
    Last edited: Oct 3, 2010
  4. Jedi

    Jedi Moderator
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    #4 Jedi, Oct 3, 2010
    Ditto what William H says.... but if you really want to sell, virtually EVERY
    city has a coin store where you'll get fair market value. Just Google terms
    like "coin buy sell gold" with your city name and visit a store or two. I've
    bought and sold gold and silver for years at just such a local shop.

    Jedi
     
  5. Simon^2

    Simon^2 F1 World Champ

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    #5 Simon^2, Oct 3, 2010
    Very true.

    For bullion, my local shop is about $25/ounce off CNI prices (both buy and sell). But if your local business offers competitive prices... local is much easier.
     
  6. Jedi

    Jedi Moderator
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    #6 Jedi, Oct 3, 2010
    I my experience, the shops around here buy at spot - and sell at about the $25
    premium per ounce. But it probably varies in some places.

    Jedi
     
  7. Fpassion

    Fpassion Formula Junior

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    #7 Fpassion, Oct 4, 2010
    Couldn't agree more well said.
     
  8. johnnyo

    johnnyo Karting

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    #8 johnnyo, Oct 4, 2010
    Thanks for the advice but I still don't know how much more the gold coins are worth!
     
  9. SrfCity

    SrfCity F1 World Champ

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    #9 SrfCity, Oct 4, 2010
    There's a gold coin dealer everywhere you turn and or Google it. If you can't figure out what they're worth after a little research there's something wrong.
     
  10. Jedi

    Jedi Moderator
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    #10 Jedi, Oct 4, 2010
    99% of anywhere I've gone they buy at spot, sell with a spread. Google "spot price for gold"
    and that price per ounce, at that moment, is what you'll get.

    Jedi
     
  11. bigdavyc

    bigdavyc Karting

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    #11 bigdavyc, Oct 4, 2010
    Are you guys for real? 99% give you spot price?
    not a chance. Just be aware of what you have and its value so you don't get ripped off.
     
  12. Jedi

    Jedi Moderator
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    #12 Jedi, Oct 4, 2010
    I have sold over 100 ounces of gold in the last 2 years. I was paid SPOT.
    When I bought them in the first place I paid SPOT + $25 or $30 a coin.

    That's at the two shops I worked with here in town.

    Just relating my own experience.

    Jedi
     
  13. Simon^2

    Simon^2 F1 World Champ

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    #13 Simon^2, Oct 5, 2010
    He's talking graded collector gold coins... not bullion. Different animal.
     
  14. johnnyo

    johnnyo Karting

    May 8, 2009
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    #14 johnnyo, Oct 5, 2010
    Thanks Simon- I know what the price of gold is- I am trying to find out what my twenty dollar gold pieces are worth (look at first post) and who will buy them for the price of gold-plus the nusmatic value. I believe they are worth more than what they are paying for the price of gold these days!
     
  15. Simon^2

    Simon^2 F1 World Champ

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    #15 Simon^2, Oct 8, 2010
    I know. They are worth more than spot. Call CNI, in my link above...
     
  16. venusone

    venusone F1 Rookie

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    #16 venusone, Oct 9, 2010
    This week I stopped into a new consignment gun shop for a look. The salesman said the Colt in the case sold for a gold piece in the 1800s. Sells for a gold piece now. Inflation. Cost = over a k.
     

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