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 Replies: 12 / Views: 5,890 |
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Valued Member
Canada
64 Posts |
Hi All
I've also found a bunch of $100 gold coins. I haven't looked at them all, but the box is marked 1976-1985. My dad died in 1987.
The coins are in leather-like cases, sometimes with outer fuzzy sleeves and sometimes still in the outer packing box. There are certificates in the cases of the coins I looked at. There is a note on the box that one of them is a 1978 proof.
I'm wondering if the value of these coins is mostly the gold value or in the collectors value and what they might be worth.
Thanks for your help!
GRcoins
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Pillar of the Community
Canada
3049 Posts |
If/when I'm a buyer of these types of coins I usually do a bit of research as to the gold content and pay pretty close to spot price.
If you know the exact coins or have pictures... I could look at a few past auctions to see if similar coins have sold and if so for what price compared to spot.
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Pillar of the Community
 Canada
5393 Posts |
1976 - 1985 are all half ounce gold coins. The gold value is MORE than the collector value . If you need the cash ship Them off to Gatewest in Winnipeg.
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Valued Member
 Canada
64 Posts |
I'll take them out of the box and see what the coins are tomorrow.
Thanks for the info!
GRcoins
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Pillar of the Community
Canada
2366 Posts |
Book values are all $800 per.
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Pillar of the Community
Canada
3049 Posts |
but a book won't buy the coin
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New Member
Canada
24 Posts |
All 22kt (half ounce) $100 RCM coins between 1976 and 1986 were proof strikes. A fair dealer would pay you 95% of spot on these - this would be ~$650-660 CAD per coin at today's prices. If the coins are still in their leatherette cases with COA's, I would think you could sell them privately for $700-750 each. ebay is probably not the way to go, because after fees you would take in close to melt. Try posting an ad on Craigslist or Kijiji if you feel comfortable. Good luck! |
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Pillar of the Community
Canada
5393 Posts |
679.00 each @ Gatewest the best price you are going to get without mucking about. No one really buys these or collects them anymore.
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Pillar of the Community
Canada
3234 Posts |
You're right...I sent all of mine to melt a few years back...you know when..
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Valued Member
Canada
329 Posts |
if youre not in a hurry to sell, maybe holding on to them is a good idea. while gold just spiked it has come down quite a bit in the last few years. 1800/oz to now 1200/oz. I'm no gold price analyst. but would hope the price comes back up before I sell if it were me, then again the price could keep going down. I think I would do a lot of reading on projected gold price.
Edited by wazzappenning
12/30/2014 10:39 am
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Pillar of the Community
Canada
5393 Posts |
Brilliant move Dev! You were one of the very few smart ones . Just love the "its gonna go up" guys! In my early days in the coin business I watched my boss go broke with all of the margin calls he got from his gold and silver broker.
Buy and HOLD is the poor mans way to riches in precious metals. Buy and SELL is the successful mans way to riches in precious metals.
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Valued Member
Canada
64 Posts |
I had a look and there's a couple for each year from 1976 to 1985, with none for 1978. Instead, there's a proof set of coins for 1978. Also an additional 1976 14k $100 coin.
And a 1911 gold sovereign that he must had bought from a dealer.
Thanks for all of your advice!!
GRcoins
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Pillar of the Community
Canada
3692 Posts |
PC: A good point on the need to sell. Being that we are coin collectors, the tendency is to hold onto everything shiny, thus we are consumers and not investors.
In this series I only really like one of those coins: the 1977 proof (although I need to see the 1980proof and 1994 proof in hand to know for sure). The rest look very tacky in my most humble opinion. This is where I stress the importance of good engravers/designers, like Raymond Lee in this case and Ken Danby in the case of the Montreal Olympic coins.
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Replies: 12 / Views: 5,890 |
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Posted 12/29/2014 10:01 pm
