I am selling coins for a family friend, and today he gave me this 1914 A German (Prussia) gold 20 mark. I have the option to buy any of the coins myself, but I only buy a fraction of them for myself because of economics. I don't own any gold, and previously he had given me some Krugerrands to sell but they don't really appeal to me that much because they're more bullion than coins. But I really like this one because it's a real coin. I know my wife would kill me if I bought it, but I'm tempted. What do you think of this coin? Are these hard to find in this condition? What do you think the market value is?
This is more properly Prussia than Germany. KM #537, 0.2305 Troy ounce of gold, 90% purity. European banks used to have THOUSANDS of bags of 10 and 20 Mark, plus French, Swiss, Italian, and Dutch of the approximate same size and weight. Don't know where they went. Yours looks exceptionally nice.
Agreed. It might blow a couple of months of your coin budget, but it's a solid asset and a quick source of cash in an emergency, a source you can't fritter away like "cash" in a cookie jar.
Very common coin, usually in MS - grades, with a great eye - apeal and definatly worth to die for ( if your wife should get to know ). Go for it !
I'd go for it always ways to win over the wife or just spend you time in the doghouse till things blow over.
I think I'll probably sell it. I'm not confident that gold will stay as high as it is now, so if these are common then maybe I can buy a similar coin for half the price in a few years. It is a very pretty coin though.
Resistance is futile. Buy the coin! You know you want it. Be one one of us. C'mon...everybody's doing it. :devil:
The last five days silver has been going down, while gold has gained ground. I don't know if it will go up or down, but I will tell you that I just invested over $1500 hoping that we have hit bottom.
I wasn't too clear on this; I meant (for the OP), BUY the 10 Mark, three years from now it will surely be worth more than it is today, the way things are going. See the graph of gold since 2000.
Obviously I don't know where gold and silver are going to go, so it's just a feeling, but I started collecting seriously right when precious metals were really rising. I was buying silver dimes at 15x face and thought it was too high. Obviously it got a lot higher, but I know that these things tend to go in cycles and I can afford to wait and hope they go down again. It doesn't make sense to me to buy when gold is so high when there's a good chance it could go down again. I might be wrong, but if I am then I just either don't get a gold coin or will have to pay more some day. It's a risk just like any kind of investment. I listed it for sale today. I don't think I can post the link in this section per board rules, but if you search on eBay you can find it if you're interested.
