Think twice before buying GOLD Maple leafs

Discussion in 'Bullion Investing' started by mpcusa, Jun 24, 2022.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Being one of the more popular GOLD coins
    because usually because they cost less but
    buyer beware, if your maple leaf isn’t in
    perfect condition you will get less ! I was
    in my LCS yesterday and a guy brought in
    5 Maple leafs ( 1 once ) the guy at the counter whipped out his loop, and he said
    to the customer they would be discounted
    because of small scratches, the customer
    went ballistic anc stormed out ! I have
    heard this over the years and that was just
    a confirmation, but after the customer left
    I picked the store managers brain, and funny this only applies to GOLD Maples
    so think twice unless you can buy and keep
    perfect examples.
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    And yet, I'll bet if another person walked in with AGEs or KRs or Libertads with tiny scratches, the manager would try to do the same thing -- at least, if you weren't still watching.

    A lot of dealers will always find an excuse to lowball when buying from the public. What ever happened to "an ounce of gold is an ounce of gold"?
     
  4. dwhiz

    dwhiz Collector Supporter

    I don't blame the customer for leaving.
     
  5. baseball21

    baseball21 Well-Known Member

    Wanna think about that statement for a bit? Anything that has a smaller premium buying will have a smaller premium selling

    That just means your LCS was trying to rip the seller off, it's very common in an LCS.
     
  6. Dynoking

    Dynoking Well-Known Member

    Yup
     
    imrich likes this.
  7. Dynoking

    Dynoking Well-Known Member

    Yup
     
  8. Dynoking

    Dynoking Well-Known Member

    Yup
     
    Marsden and Evan Saltis like this.
  9. Clawcoins

    Clawcoins Well-Known Member

    Interesting but then all Canadian money is worth less !! lol
    The only Maple Gold I have are those holographic ones.
    I've never looked into their value.
     
  10. YoloBagels

    YoloBagels Well-Known Member

    Scruffy/cull bullion will always sell for less of a premium. This is why dealers sell scratched/cleaned/damaged bullion coins for less than fresh retail-ready coins.
     
  11. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    The only Canadian gold I've got are a few of the 1967 $20 pieces, plus one $10 gold piece from 1914. Much prefer those to Maple Leafs any day.
     
    YoloBagels likes this.
  12. Kentucky

    Kentucky Supporter! Supporter

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  13. baseball21

    baseball21 Well-Known Member

    Silver yea cus its cheap, but if you pull out a loop for gold bullion thats not graded youre trying to rip someone off. What it is matters more, go to every store you can find and ask for a discount on a 1 oz gold coin and see what they say.
     
    Kentucky likes this.
  14. Mcpix

    Mcpix Member

    While we're discussing Canadian. Where would be the best place to sell a condition census quarter from the 1950s? Not a rare date.
     
  15. baseball21

    baseball21 Well-Known Member

    It'd need to be graded for a condition census, but an auction house would generally be best.
     
  16. Mr Roots

    Mr Roots Underneath The Bridge

    Don’t argue with the thread starter his LCS sets the industry standards.
     
    Last edited: Jun 25, 2022
    mynamespat likes this.
  17. Mcpix

    Mcpix Member

    It is and Thanks.
     
  18. LakeEffect

    LakeEffect Average Circulated Supporter

    Probably want Canadian eyeballs so maybe eBay.ca or a Canadian auction site?
     
    Mcpix likes this.
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    No thats not the case, I have heard this several times before but never actually
    seen it happen until now, why this only affects maple leafs I havent a clue...
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I dont think he understood honestly why he was getting less but it is what it is...
     
  21. fretboard

    fretboard Defender of Old Coinage!

    Foreign will always bring less money simply because of demand. Most of the time it will take longer for a collector to sell a Maple Leaf than it would an American Gold Eagle. That's because most US collectors only collect US coinage at least that's been my experience. :cigar:
     
    Cheech9712 and mpcusa like this.
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