I'm talking about a current US or Canadian minted coin.
2007-05-05 15:17:26 · 7 answers · asked by Repub-lick'n 4 in Business & Finance ➔ Personal Finance
50 dollars
2007-05-05 15:21:49 · answer #1 · answered by YO MAN 3 · 0⤊ 2⤋
Check Kitco.com spot gold price. Keep in mind, that is what the gold is worth. If you are buying it it will cost more. Currently is is about $680.00 per ounce, spot gold. So you can add another 10% to buy it retail or about $750.00. Buying gold is risky, in the sense that you can spend a lot of money and lose the value like any stock.
Having a few coins is fine if you can afford it. I wouldn't put money in gold unless I already had other instruments for making money.
Plus you might want to be out of debt when you make these purchases.
2007-05-05 15:32:42 · answer #2 · answered by Ret. Sgt. 7 · 1⤊ 1⤋
Agreat deal wold depend on several factors. factors. One . How much gold in the coin and how rare is it? Two. What is the demand for the coin?
For example. If there is an ounce of gold in the coin, assum,e about 600.00 for that ounce,next if the coin is rare and in demand, add another couple of hundred. So your answewr is probably 800.00 to 1000.00. Of course if it is a historical coin the price would increasew substantially.
2007-05-05 15:31:24 · answer #3 · answered by walt631 4 · 0⤊ 0⤋
$50
2007-05-05 15:24:06 · answer #4 · answered by Pizza Man 2 · 0⤊ 0⤋
upwards of $680 - $700. i'd recommend a gold buffalo or gold maple. those are .999 pure. a gold eagle is .995
2007-05-05 15:21:56 · answer #5 · answered by Paradise Alley 2 · 3⤊ 1⤋
why spend more money to buy the same money. kinda stupid only to hope that someday a bigger fool will buy it off you.
2007-05-05 15:37:32 · answer #6 · answered by Anonymous · 0⤊ 2⤋
$50.00
2007-05-05 15:25:42 · answer #7 · answered by undercovernudist 6 · 0⤊ 0⤋