I have a very rare solid gold coin from BAhrain. my grandad gave it to me when i was born and told me there was only 5 ever made. Does anyone know if coins are worth alot or have any infomation on coins!
Its solid gold?
anyone know if it will be worth anything?
2007-02-17 05:10:58 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Knowing the date and denomination of the coin would be very helpful. The only Bahrain gold coin I could find in the catalog is a 10 Dinar coin dated 1968 (Commemorative for Isa Town). It contains .4712 ounce of 22 karat gold, which at today's spot price, makes it worth a minimum of US$340.
Added later: The Standard Catalog of World Coins lists three other gold coins for Bahrain:
10 Dinars 1971 Independence commemorative (.1871 oz. 22K Gold), mintage 3000
50 Dinars 1978 (.4712 oz. 22K Gold), mintage 5000
100 Dinars 1978 (.9424 oz. 22K Gold), mintage 5000
Gold is at $658 / ounce right now, so use that as a minimum value.
2007-02-18 15:50:12 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
I must confess to being skeptical, but the story just doesn't seem to make sense. Not sure why a government would ever go through the trouble of making just five of a coin.
However, if all of this is true, then the coin is probably worth quite a bit, given its rarity and the fact that it is made out of solid gold. The way to start is by finding a price guide for world coins and see if the coin is listed. That will give you at least a starting point. Then I would find a coin dealer who has some experience with world coins as opposed to a U.S. coin specialist -- not all dealers will have this expertise. Such a person will give you good advice on how to proceed.
You can also consider sending the coin for grading -- it appears that your best bet is a service called ANACS. They will verify the coin, identify it, and grade it. The only catch is that they will also encapsulate the coin in plastic to protect it -- if you plan to keep the coin as a collector's item or eventually sell it, this is something that is actually a good idea.
Ultimately, if your idea is to sell the coin and this is everything it is cracked up to be, you will want to take it to an auction house for them to sell. If it's solid gold, sizeable, and there's only five, then it's probably worth a substantial amount of money.
2007-02-17 10:44:04 · answer #2 · answered by onehonestguy 2 · 0⤊ 0⤋
VERY VALUABLE if it's gold.. 1 oz fo gold alone runs abot $600 or $700 . If it's rare it should be worth 4 or 5 time that or more.... might need to contact an antiques dealer or a place like Sotherbys to get an idea of value..
http://www.sotherbys.com/
2007-02-17 05:17:25 · answer #3 · answered by MeInUSA 5 · 0⤊ 0⤋
Maybe you can go to an auction house that is specialized in coin, there they can help you. Do your reserch online about the coin before you go there and talk to them.
2007-02-17 05:16:49 · answer #4 · answered by Rain L 5 · 0⤊ 0⤋
http://worldcoingallery.com/countries/Bahrain.html mybe here you can find a coin that you have, i looked around in here it does not say anthing about gold in the coins, mybe you have copper coin looks like gold.
2007-02-17 05:30:19 · answer #5 · answered by Bighorn 4 · 0⤊ 0⤋
look on ebay and compare
2007-02-17 14:52:06 · answer #6 · answered by isochronous7 4 · 0⤊ 0⤋