Buying World Gold Coins - Coin Community Forum

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Author	Replies: 7 / Views: 1,432
joecoin85 Valued Member United States 325 Posts	Posted 05/16/2013 10:23 pm anyone think with gold spot prices so low that buying these Indian gold coins is a good idea? http://www.ebay.com/itm/Indian-Stat...em33823449dc They'd probably resell once interest rates get higher and gold goes back up for double I think. Report this Post to the Staff

Wade Pillar of the Community Canada 2781 Posts	Posted 05/16/2013 10:54 pm at $15 per "coin" (you are bidding on ONE coin & TEN weigh .4 gram) you would be paying $375 per gram. 24k gold currently going for $44 per gram. I'm not a mathematician but I would have to say..... NO Report this Post to the Staff
BLadd Pillar of the Community United Arab Emirates 557 Posts	Posted 05/17/2013 02:39 am Ouch! Plus, the delivery time is 35 to 45 days. Report this Post to the Staff
allranger Pillar of the Community United States 1391 Posts	Posted 05/17/2013 10:32 am And he only have 12 feedback ratings as a seller. I don't know if you care about trying to attribute them or not, but they look smaller then the other ones I've seen, meaning they are probably more worn. Report this Post to the Staff
joecoin85 Valued Member United States 325 Posts	Posted 05/17/2013 1:07 pm Thanks for the replies. Ouch that is a ton for gold! Yikes you're right. I did the math too now. I think I'd be best off sticking to like a 1/10 ounce Gold coin from the US mint and waiting for gold to go up again if I want to re-sell it. whew. Report this Post to the Staff
Wade Pillar of the Community Canada 2781 Posts	Posted 05/17/2013 9:23 pm i wonder how many people would buy these (or something similiar) simply because the picture shows 10+, thinking they are getting the whole batch? Report this Post to the Staff
Gwyde Pillar of the Community Belgium 506 Posts	Posted 05/18/2013 7:12 pm Most coin dealers in Europe buy & sell 19th century gold circulation coins. Mintage numbers have been considerable and premiums often are lower than for many small bullion coins (1/4 or 1/10 oz). Most gold coins for circulation were 90% gold with 10% copper. 20 Francs (6.45 g) has been popular and was minted in Switzerland, France and Belgium. On the UK forum you will find plenty on Sovereigns. Since the £ was the reserve currency before WW I, Sovereigns may be found across the globe. Report this Post to the Staff
joecoin85 Valued Member United States 325 Posts	Posted 05/25/2013 1:00 pm Yeah I bet a lot of people would be fooled by the pic. Report this Post to the Staff
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