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Think twice before buying GOLD Maple leafs
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<p>[QUOTE="GoldFinger1969, post: 8400817, member: 73489"]I guess the belief is that while you can always sell it to a jewler or smelter for full bullion value....someone wanting A COIN might be turned off. They'll either want a discount or they will pass.</p><p><br /></p><p><b><u>If you have too many damaged coins that you can't sell, it ties up your capital. Hence, the discounts.</u></b></p><p><br /></p><p>Now, my guy sends to a company that melts bullion pretty regularly. When I had an unusual commemorative that was pretty much gold if he had to buy it for even bullion value he might be holding it for years. By being able to sell it to the smelter pretty quickly, he was able to give me like 100% or 99.5% of bullion, I forget which.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8400817, member: 73489"]I guess the belief is that while you can always sell it to a jewler or smelter for full bullion value....someone wanting A COIN might be turned off. They'll either want a discount or they will pass. [B][U]If you have too many damaged coins that you can't sell, it ties up your capital. Hence, the discounts.[/U][/B] Now, my guy sends to a company that melts bullion pretty regularly. When I had an unusual commemorative that was pretty much gold if he had to buy it for even bullion value he might be holding it for years. By being able to sell it to the smelter pretty quickly, he was able to give me like 100% or 99.5% of bullion, I forget which.[/QUOTE]
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Think twice before buying GOLD Maple leafs
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