American Gold Prospector Question (Id: 1 Oz 9999 Gold Round)

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Author	Replies: 5 / Views: 2,009
maxwellxxv New Member United States 2 Posts	Posted 05/11/2010 9:07 pm my grandfather, rest his soul, left me an american gold prospector coin. it says on 1 side engelhard 24 karat 999.9 pure one troy ounce...can any one tell me its value and more importantly itsd history? I can't seem to find anything about it anywhere. or is it junk?please help thank you all for any advice or commments. god bless Report this Post to the Staff

fcrazo Pillar of the Community United States 651 Posts	Posted 05/11/2010 9:21 pm First, NOT JUNK! Look up the current spot sprice for gold (<----). Second, this is considered as a basic 1oz gold bullion. As to the company who produced them, meaningless. The prospector is an icon of California's gold rush pan miner known as a '49er. Report this Post to the Staff
maxwellxxv New Member United States 2 Posts	Posted 05/11/2010 9:27 pm ok thank you..if I had to sell this where would I go a coin dealer? Report this Post to the Staff
Americanamafia Pillar of the Community United States 672 Posts	Posted 05/11/2010 9:47 pm you could sell it to a coin dealer, jeweler, pawn shop, as of today its worth about 1200$, you should expect to get arround 1100$ but not less than 1000$ Report this Post to the Staff
fcrazo Pillar of the Community United States 651 Posts	Posted 05/11/2010 9:50 pm That will be your best bet. Call around though for the best estimated prices since gold fluctuates and so does the buy and sell prices. In New Braunfels, TX a former customer told me that a pawn shop was offering her $50 for her 1oz American Gold Eagle. They saw her coming as a newbie. Do your homework before selling. See the spot prices. Don't settle for less than 8% under spot. A dealer will probably sell for about 10% above spot. I should know, I used to work for a local coin shop. Edited by fcrazo 05/11/2010 9:54 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 05/11/2010 10:42 pm Do NOT sell that coin for under spot price! Engelhard bullion brings a premium in the marketplace and with gold at $1230 right now you have a valuable piece. You could get spot price for it from APMEX but you pay the shipping. ANA #R3154474 Report this Post to the Staff
	Replies: 5 / Views: 2,009

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