Common foreign gold coins, not high grade... price=melt, right?

Discussion in 'World Coins' started by Dougmeister, Apr 14, 2016.

  1. Dougmeister

    Dougmeister Well-Known Member

    For example, a Gold Sovereign from the early 1900's being sold for melt is nothing special, right?

    I should be able to find people here with the same deal, or a local coin shop/pawn shop, etc.?
     
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  3. medoraman

    medoraman Supporter! Supporter

    Pretty much, but it depends on supply/demand. At times I have seen slight premiums. I buy this stuff as a dealer of mine has it, but he can go quite a while without any on hand.
     
  4. spirityoda

    spirityoda Coin Junky

    depends on grade.
     
  5. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    If you are talking roosters, German 10 marks, or something similar, then yes, you should be able to get them for just about melt (there is going to be a small premium, but not much).

    Apmex has them, you can find them on ebay, they are available.
     
  6. medoraman

    medoraman Supporter! Supporter

    While I agree with this, in my experience if you make contact with local dealers you can do better, but have to wait until something comes in. At spot, I have got every 20th century Mexican gold coin, all French after Napolean I, and even scarcer pieces in higher grade at times. If you want to rush, the best you can do is what PF suggests and get the most common items for close to melt from more retail outlets.
     
  7. World Colonial

    World Colonial Active Member

    Are you buying them as a substitute for bullion or for your collection? If as bullion, I would buy actual bullion coins which are a lot more liquid. in my opinion it is a lot easier to buy common world gold than it is to sell it.
     
    imrich likes this.
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