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Question: What % do coin dealers take off when buying gold bullion?
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<p>[QUOTE="GoldCoinLover, post: 1561355, member: 4336"]Great info, I have a great coin shop about an hour drive , 47 miles away or so, but they are very nice reputable. Last time I went they offered me 100% of spot for my .9999 bullion bars and charms. I emailed they and (it's been several years ) they said they'd offer me 96% of spot for all my bullion. Most dealers do 10%. I've had nothing but good service with them, one of the people working there was a former PCGS grader. So with my bullion, I calculated, worse case scenario (if my Vietnam gold bar only contains .22 AGW instead of .24 AGW, just in case. That leaves me with current spot price at a total of $1095, worse case scenario . This is at 100% spot . Adjusting for 96% spot, I multiplied that by the differences (100 - 96 = %4) , by .04, getting roughly a total of $1051 for my bullion. I'll probably get slightly more since I'm pretty sure my Vietnam gold (.9999 fine ) is 0.25, exactly roughly 1/4 an oz. Mark Feld relied to my email and said he couldn't do bullion trade, but I could sell it for cash and get a money order. He's holding the coin and it has some luster, a bit crusty with original surfaces, and has some nice reddish orange toning. It's listed at $1025, but again surprising me with his generosity like last time, is selling it me for only $900. Here's the link this nice coin on his website for rare coins and ill include an image, I'm very happy with it: Link: <a href="http://www.markfeldcoins.com/inventory.html#gold" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.markfeldcoins.com/inventory.html#gold" rel="nofollow">http://www.markfeldcoins.com/inventory.html#gold</a> Picture of it: [ATTACH]211114.vB[/ATTACH]. Coin Description on his web site: 1834 Classic Head $5 PCGS/CAC XF45 $1025 </p><p>Evenly worn, with clean surfaces and pleasing orange-gold color. Somewhat lighter in hue and brighter than seen in my image. A nice type coin.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldCoinLover, post: 1561355, member: 4336"]Great info, I have a great coin shop about an hour drive , 47 miles away or so, but they are very nice reputable. Last time I went they offered me 100% of spot for my .9999 bullion bars and charms. I emailed they and (it's been several years ) they said they'd offer me 96% of spot for all my bullion. Most dealers do 10%. I've had nothing but good service with them, one of the people working there was a former PCGS grader. So with my bullion, I calculated, worse case scenario (if my Vietnam gold bar only contains .22 AGW instead of .24 AGW, just in case. That leaves me with current spot price at a total of $1095, worse case scenario . This is at 100% spot . Adjusting for 96% spot, I multiplied that by the differences (100 - 96 = %4) , by .04, getting roughly a total of $1051 for my bullion. I'll probably get slightly more since I'm pretty sure my Vietnam gold (.9999 fine ) is 0.25, exactly roughly 1/4 an oz. Mark Feld relied to my email and said he couldn't do bullion trade, but I could sell it for cash and get a money order. He's holding the coin and it has some luster, a bit crusty with original surfaces, and has some nice reddish orange toning. It's listed at $1025, but again surprising me with his generosity like last time, is selling it me for only $900. Here's the link this nice coin on his website for rare coins and ill include an image, I'm very happy with it: Link: [URL="http://www.markfeldcoins.com/inventory.html#gold"]http://www.markfeldcoins.com/inventory.html#gold[/URL] Picture of it: [ATTACH]211114.vB[/ATTACH]. Coin Description on his web site: 1834 Classic Head $5 PCGS/CAC XF45 $1025 Evenly worn, with clean surfaces and pleasing orange-gold color. Somewhat lighter in hue and brighter than seen in my image. A nice type coin.[/QUOTE]
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Question: What % do coin dealers take off when buying gold bullion?
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