Hello there. I'm incredibly naïve about gold and coin collecting so please forgive me. My father passed away not too long ago and as I was going through more of his things I found 2 coins (or "rounds"?) which he had told me he wanted my 2 eldest sons to have. I'd forgotten about them until now. They are both 1983 Engelhard Prospector 24 karat 999.9 pure 1/4 troy oz coins. I've tried to do research and have found values that seem to be all over the place. They're both in their original seals and I am pretty clueless about them. Here are some pics. Thank you so much for any help/info!
Your best bet is to go to the Apmex or ProvidentMetals websites and see what similar 1/4 ounce gold rounds are selling for; they go up and down every day with the price of gold. At the moment, $310 to $330 each would be a good estimate. Apmex has "sales" on eBay which cut prices 3% to 5% to attract new customers, or to adjust their inventory. At this precise moment, on a bullion basis for current rounds, Apmex is $326 sell, $301 buy. A 1983 round might have some additional collector value to a "type" collector. I don't recall seeing any rounds dated that early, 32 years ago.
There seem to be a few collectors of the early prospector series. It could have a little value above the spot price which is $301.03 today.
Thank you so much for all of the replies. It's nice to know they have some value. We will likely hold onto them until the boys are adults (at least) and see what they'd like to do with them at that point. I assume tha value may increase with age but also depends heavily on the price of gold at that time as well. Thank you again!
There is probably "somebody" in the U.S. who would pay $500, but you have to find him. Still, I agree, your pieces have some premium above bullion price. You can search for "sold" examples on eBay, too. Do NOT clean or polish your coins, never never never. They are unlikely to be insured under your Homeowner's policy.
