selling gold | FerrariChat
Buy

selling gold

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

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. johnnyo

    johnnyo Karting

    May 8, 2009
    54
    #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

    Nov 1, 2003
    35,532
    Victory Circle
    Full Name:
    HUBBSTER
    #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

    Oct 17, 2005
    12,313
    At Sea Level
    #3 Simon^2, Oct 3, 2010
    Last edited: Oct 3, 2010
  4. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,272
    Seattle Area
    Full Name:
    Dave
    #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

    Oct 17, 2005
    12,313
    At Sea Level
    #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
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,272
    Seattle Area
    Full Name:
    Dave
    #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

    Jun 1, 2005
    599
    #7 Fpassion, Oct 4, 2010
    Couldn't agree more well said.
     
  8. johnnyo

    johnnyo Karting

    May 8, 2009
    54
    #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

    Nov 1, 2003
    10,142
    Orange County, CA
    #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
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,272
    Seattle Area
    Full Name:
    Dave
    #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

    Feb 28, 2010
    66
    Tallahassee, FL
    #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
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,272
    Seattle Area
    Full Name:
    Dave
    #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

    Oct 17, 2005
    12,313
    At Sea Level
    #13 Simon^2, Oct 5, 2010
    He's talking graded collector gold coins... not bullion. Different animal.
     
  14. johnnyo

    johnnyo Karting

    May 8, 2009
    54
    #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

    Oct 17, 2005
    12,313
    At Sea Level
    #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

    Mar 20, 2004
    3,238
    #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.
     

Share This Page