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Will a bank buy gold coins for market value?
Or should I sell to a coin dealer?
Thanks.

2007-07-27 23:13:46 · 1 answers · asked by Anonymous in Business & Finance Other - Business & Finance

1 answers

How do you define market value?
Coin dealers will pay 80% to 90% of the value of the metal or 50% - 60% of catalog value, whichever is greater. Banks, at least in the US, don't buy gold. In Mexico, banks buy Mexican gold coins at about 90% of the metal value but don't buy non-Mexican coins.
Selling them yourself on eBay might be better, but then you have to consider eBay's fees.

2007-07-28 14:36:23 · answer #1 · answered by F. Frederick Skitty 7 · 0 0

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