Singapore $250 Gold Coin - Coin Community Forum

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Author	Replies: 2 / Views: 2,003
ortsacilop New Member United States 1 Posts	Posted 05/22/2009 10:45 am Hi New to this forum so not sure if this posting is correct. Have a question on a 1 oz, $250 .9999 gold coin, proof issued from Singapore in the year 2000 (year of the Dragon). I was just trying to find its true value. Research seems to be limited on this coin. Someone on ebay is asking on a buy it now, about 1,900. A coin dealer offered 98% of spot. That is such a wide spread, but I realize those are 2 different markets. With gold this high is it strictly a bullion coin even though it is still sealed and in pristine condition? Will getting it graded in the US increase its value, or is a Singapore proof similar to PCGS proof? I need to sell it, just don't want to sell at spot if there is some numismatic value. Is this the wrong forum? Thanks for any help. Ort Report this Post to the Staff

wd1040 Pillar of the Community United States 3098 Posts	Posted 05/22/2009 5:35 pm Hey Ort, First of all, don't sell any gold coin as spot, unless it's a Krugerrand or Maple, and secondly don't sell it to a dealer. Secondly, there isn't really much demand for Singapore gold coins. There should be a premium (I guess maybe $100-200) but not as much as $900. If it's already in the mint hard package, there is no need to get it graded. Plus, I think grading costs ~$50 for it or so. If you need to sell it, first try craigslist (be safe, though!) and then if nothing works, TAKE GOOD PICTURES (and use auctivia) and put it on ebay. Good luck! Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 05/22/2009 8:38 pm , to the community, I agree wd1040. Report this Post to the Staff
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