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 Replies: 21 / Views: 4,531 |
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New Member
 Canada
24 Posts |
Thanks for the replies. It's sad to think that such beautiful coins would be melted down, but at the end of the day it's whatever is most profitable. $40-50 over the dealer's buy price per coin would be fair, but I would imagine it might take months or years finding buyers. I guess its between 97% of spot, or patience and an extra few bucks :D .
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Pillar of the Community
Canada
2845 Posts |
Just curious, are most dealers inclined to negotiate trades? Using this as a general example, if a customer sold gold at 97% of spot might a dealer be somewhat more flexible on the sale price of MS silver dollars as they have an opportunity to profit on both sides of the deal? My thought is that selling price versus purchase price, it's the difference between the two that matters most.
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Pillar of the Community
 Canada
5395 Posts |
Done all the time. Coin dealers love trades if they make money on both ends.
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Pillar of the Community
Canada
1046 Posts |
would you mind trying too upload some better photos no offense one of these is a au(gold) sovereign 4 me i`d like to know the year tia  Edited by torgemco
07/10/2016 11:36 pm
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Pillar of the Community
Canada
867 Posts |
Be thankful you live in Vancouver where J&M will buy most of this stuff at Au values....if do sell privately, you take a big risk being a victim. Make sure you meet any prospective buyer at your bank unless someone can suggest a safer place.
Finally, Gold has risen quite sharply the past two weeks....you are tempting karma by trying to eke out the last dollar. Last year, you would have kissed the person if they told you Au was going to hit $1750+CAD in 2016.
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Pillar of the Community
Canada
5395 Posts |
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Moderator
Canada
10458 Posts |
Maybe the dealer offering you 95% melt price might be willing to give you good deal on the high grade MS silver dollars, if they knew you were going to spend that money on their coins... dealers have much better wiggle room on numismatic items, than they do with gold.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
3692 Posts |
I'd love to see what you have and would pay spot for .999, but we live very far away.
Regarding refiners in said districts: avoid them. Most will not even open the door if they don't know you, as they don't deal with the public. They are predators, so beware of them, too. Realistically speaking, they will not offer you a good price on anything lower than .999 (24 karat) gold because they sell only 24 karat, therefore they have to refine it (labor plus materials).
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Pillar of the Community
 Canada
9865 Posts |
Gold has dropped just over $40 CAD since you first posted.
Hope that if you decided to sell as bullion you did so yesterday IMO.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
07/12/2016 10:00 pm
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Bedrock of the Community
Australia
21788 Posts |
The first step out of bullion investing, and into true numisamtics. Good on yer, mate!* * Usually said as one word, in a sort of verbal shorthand.  |
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Valued Member
Canada
118 Posts |
Vancouver Numismatic Society meets the first Thur of every month. I've never been, but it seems a stretch that you would sell all of your gold that way.
I echo that it's fortunate you live in Vancouver where J&M will purchase it all at a fair price. They can probably provide the $ coins you want as well, so some negotiation may work out for you.
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New Member
Canada
16 Posts |
To drag this thread back into present day...
Craigslist is safe in Vancouver, because the Vancouver Police have offered the use of their lobby for the public to meet potential buyers.
Cameras and cops everywhere. No scammer/thief would show up.
However, on the downside, craigslist is a scammers paradise. Never accept any payment other than cash, in person, at a public location.
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New Member
Canada
16 Posts |
And as a side-note, did you ever sell your gold coins?
If not, I have those silver MS Eagles and others you might be interested in. A trade could be worked out.
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Pillar of the Community
Canada
1051 Posts |
If you haven't sold the gold yet, don't do it!
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Bedrock of the Community
Australia
21788 Posts |
Gold is just like any other metal used coins. In this case, the 'coins' to be sold are not really coins, they are much more of a bullion item. In a strictly numismatic collection, gold has an equal claim to it's inclusion as does any other metal; the problem is just that it is prohibitively expensive for a lot of collectors.
So try to keep any stritly numismatic gold coin if you can!
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Posted 07/10/2016 10:39 pm
