I have twelve gold sovereigns (old and new) that were given to me as a child on birthdays - my parent's thought gold was a good investment in the early 80's. I hear the cost of gold is high at the moment and would like to know how to capitalise on this.
2006-07-03 02:58:37 · 6 answers · asked by laura f 1 in Business & Finance ➔ Personal Finance
Sell them one by one on eBay or to a good and trusted coin dealer.
First find the Red Book value of each coin.
2006-07-09 20:40:43 · answer #1 · answered by Man 6 · 2⤊ 1⤋
Determine the actual weight of the coins in troy ounces, then compare to the published gold rate, which is as of today around $620.00, but it was as high as $700 earlier in the year. That is the base value. Now contact at least two coin dealers for what they will pay you for the coins. That is the wholesale price, since they will make money on the coins. Now determine whether to accept highest offer or sell it higher on your own.
2006-07-03 03:14:02 · answer #2 · answered by Rancher 3 · 0⤊ 0⤋
The price of gold is high and probably will go higher still. The market makers for coin prices is Spinks and they produce books on coin values, maybe they have an email service too for enquiries. Your library will probably have their reference guides in stock which will tell you what they are worth as a maximum.
Ebay also has a special coins section and bidding is very active there.
Coins, especially gold coins, will hardly ever go down in price and are nice things to pass on to future generations.
2006-07-03 04:22:33 · answer #3 · answered by Nimbus 5 · 0⤊ 0⤋
Bury them on a desert island and sell the map to a man with a wooden leg and a red parrot.
2006-07-03 03:04:18 · answer #4 · answered by Wax Crayon 4 · 0⤊ 0⤋
Find someone who is seriously into collecting coins and will pay you whatever you want. :)
2006-07-03 03:02:41 · answer #5 · answered by Just Me 3 · 0⤊ 0⤋
You will only get scrap value so do not sell
2006-07-10 01:59:06 · answer #6 · answered by Ollie 7 · 0⤊ 0⤋