500 Gold Balboa Question - Coin Community Forum

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Author	Replies: 5 / Views: 1,668
ralfsnart Valued Member Canada 56 Posts	Posted 04/30/2018 8:28 pm First sorry for the pic, I was just taking it quick before my sis loaded it up to take to the city. Anyway, we were going to sell this to a gold buyer. I have since done some research and I am wondering if that is a really bad idea. The quote I got today was 1875.00 Cnd. I can hardly find any similar online that sold and the one I did was in the 2600 Cnd area. NGC has it listed at 2550 US (I assume). I know sites like that are usually high in their "values" Any suggestions before Friday? I don't mind leaving people "meat on the bone" but that is a pretty big steak LOL Thanks again! Edited by ralfsnart 04/30/2018 8:30 pm Report this Post to the Staff

Fuzzy317 Moderator United States 14463 Posts	Posted 04/30/2018 9:19 pm Here is a page with some specifics about the coin: https://en.numista.com/catalogue/pieces26492.html According to that page, it should have a gold value of $1587.97 at today's spot price, but I am unsure of the collectable value. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 05/01/2018 07:09 am I feel that a coin dealer would pay gold value, and try to make a profit above that, to perhaps around $2,000, if there was a buyer ready. If not, then he would have to sell for around $2,500. (USD) Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 05/01/2018 12:59 pm You can find slabbed ones for 1900-2000. Honestly this is a melt value item. Report this Post to the Staff
Finn235 Pillar of the Community United States 6130 Posts	Posted 05/01/2018 1:45 pm Regardless of catalog value, there isn't much interest in non-US gold coinage outside of British Soverigns, Krugerrands, and Canadian/Australian/Austrian bullion coins. $2,000+ is a lot to tie up on a whim, and not many people actively collect Panamanian NIFC above the large silver 20 Balboas (which still barely go over melt). If you need the cash, I would get offers from a few coin shops or gold buyers and go with the highest bidder. Report this Post to the Staff
ralfsnart Valued Member Canada 56 Posts	Posted 05/01/2018 5:23 pm Hey thanks for the replies! No super rush, don't need the money. Mom just said now wast the time to deal with grandpas coin "mess" as she calls it LOL Edited by ralfsnart 05/01/2018 5:24 pm Report this Post to the Staff
	Replies: 5 / Views: 1,668

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