| Author |
 Replies: 9 / Views: 2,060 |
|
|
New Member
Canada
2 Posts |
I've recently inherited a collection of 100$ annual Royal Canadian Mint gold coins. I have about 25 coins from in between 1982 and 2016 with several years missing. The Coins I have are the ones from here: https://www.monnaiecanada.com/en/rc...ation/100.00I'm wondering what is the max monetary amount I can get for these coins, A couple of questions: 1. Do I sell this coins for its worth in gold, or as a collectible? I am not familiar with the coin market and what types of coins are generally desirable as a collectible 2. Do they have more Value as a set? In other words If I complete the set, does each coin increase in value? 3. Just starting to inquire to sell these coins, any specific places to avoid selling these coins or any advice in general in order to not get messed up? Thanks *** Moved by Staff moved to a more appropriate forum. *** |
|
|
|
Pillar of the Community
Canada
1571 Posts |
I wouldn't sell them for the gold value. Selling to collectors directly will maximize your return but may take time.
Having a complete set will not help to sell the collection as most people will really only buy a couple or a few to complete their existing set
|
|
Valued Member
Canada
395 Posts |
Ideally you always want to sell straight to collector. In this case I think you would be hard pressed to get even gold value for this sort of stuff and probably would have to settle for a few percentage points below. Mind you there might be a couple better ones that you can sell for a premium and you should give those a try first.
|
|
Bedrock of the Community
Canada
21584 Posts |
You could try kijiji, I have sold coins on there with success.
|
|
Moderator
 United States
187582 Posts |
 to the Community! |
|
Pillar of the Community
 Canada
665 Posts |
I am not sure that you will get much over gold value. Most of these coins are readily available at bullion or bullion +10% from dealers. A couple of points to note though. Coins dated 1986 and earlier are 22k gold and have a half ounce of gold, after that they are 14k and only have a quarter ounce or less. Make sure you look at actual sales prices ebay or what dealers are charging... Some of these do sell at a premium but they are the exception rather than the rule. As to selling as a collection, in general I agree with @redzapsid... most will only want one or two. Also if sold as a collection, the buyer will want a steeper discount to reflect the amount of money changing hands. |
|
Pillar of the Community
Canada
650 Posts |
I collect them but seldom pay more than gold value plus 20%. The mintage has been getting smaller ,meaning less interest.
|
|
Pillar of the Community
United States
2408 Posts |
Verify 1987 without edge lettering is worth substantially more than bullion.
Everything else in between is bullion material IMO, unless after 2006 where mintage is less than 5,000 and gradually reaching ~1,000. Perhaps there may be some numismatic value there.
No matter what you decide to do, selling gold on the internet is a risky business and if you decide to go that route you ** MUST ** insure your package! There is no such thing as seller protection. Even if you ship with signature confirmation and the package is signed for by the buyer, the buyer can still claim that the coin was missing.
Credit card fraud, PayPal charge backs, you name it. The seller loses, always.
Be careful.
|
|
Pillar of the Community
United States
4691 Posts |
I can answer question #2. Simply NO and NO. The other members are best at answering your questions about where to sell Canadian gold and whether or not they have any value above gold melt.
|
|
Pillar of the Community
Canada
2984 Posts |
Quote:
2. Do they have more Value as a set? In other words If I complete the set, does each coin increase in value?
If you ever collected sports cards, you would know the value of a complete set is always much lower than individual cards. It is the same thing with coin collecting where certain coins in a set is much more valuable than others. |
| |
Replies: 9 / Views: 2,060 |
|
Posted 03/21/2019 2:55 pm
