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Think twice before buying GOLD Maple leafs
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<p>[QUOTE="CaptHenway, post: 8400109, member: 13813"]Because gold maple leafs are 24kt, the metal is very soft and easily scratched. They also have very sharp corners on their rims. Because of the way they are packed in very tight tubes, it can be very difficult to get them out of the tubes and into individual flips without one coin damaging another. And. let's face it, people who buy them in tubes like to take them out and look at them now and then.</p><p><br /></p><p>People buying maple leafs, like another bullion coins other than maybe sovereigns and 20 franks and the like, often demand perfect coins. Thus, scratched maple leafs can be harder to sell unless you discount the price a few dollars. Therefore, when you are buying "scratchy maple leefs" you have to pay a few dollars less.</p><p><br /></p><p>The discount fluctuates with the damage. A few scratches might be $3-5 under melt. We once had a guy come into the coin shop with a cigar box with about 80-100 one ounce gold bullion coins all loose inside the box. All of the 24kt coins were horrible. All we could do with the lot was sell it to our refiner, and he paid us less than melt so I think we bought the lot at 98%.[/QUOTE]</p><p><br /></p>
[QUOTE="CaptHenway, post: 8400109, member: 13813"]Because gold maple leafs are 24kt, the metal is very soft and easily scratched. They also have very sharp corners on their rims. Because of the way they are packed in very tight tubes, it can be very difficult to get them out of the tubes and into individual flips without one coin damaging another. And. let's face it, people who buy them in tubes like to take them out and look at them now and then. People buying maple leafs, like another bullion coins other than maybe sovereigns and 20 franks and the like, often demand perfect coins. Thus, scratched maple leafs can be harder to sell unless you discount the price a few dollars. Therefore, when you are buying "scratchy maple leefs" you have to pay a few dollars less. The discount fluctuates with the damage. A few scratches might be $3-5 under melt. We once had a guy come into the coin shop with a cigar box with about 80-100 one ounce gold bullion coins all loose inside the box. All of the 24kt coins were horrible. All we could do with the lot was sell it to our refiner, and he paid us less than melt so I think we bought the lot at 98%.[/QUOTE]
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Think twice before buying GOLD Maple leafs
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