Where can I sell 24K bank certified (99.99%) Gold coin for Cash?

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Comments on Where can I sell 24K bank certified (99.99%) Gold coin for Cash?

June 22, 2010

Felix Y @ 3:36 am #

Coin dealers will buy it from you but probably will not pay a top price. The government that issued the coin will pay cash to the denominated value of the coin which will most likely be less than the gold value in that coin. You are best advised to go to jewellers who make their own items. They have to buy gold and should pay you something close to the price of gold.

Computer Guy @ 3:59 am #

If you go to a coin shop that buys and sells “bullion” coins, they may pay you a small percentage under spot for it. Bullion coins are like your coin, they are not valued because they are rare, they are valued because of their precious metal content.

How good is the bank certification? Compare your coin with a Krugerrand, panda, or maple. Those coins are universally recognized. No certificatuion is necessary.

Grandpa

Credic J @ 4:57 am #

You should definitely shop around the coins to see how much you can get. If their value is in the gold then you should get some pretty competitive prices. If they’re old or antique coins then you are best going to a coin dealer.

M @ 5:47 am #

Wow! That’s impressive. You should look into Cash4Gold. They are a great company and I sold them my 18k chain necklace and got close to 600 direct deposit into my account. I could only imagine what you would get. They are part of the BBB and you get to deal directly with a refiner so they pay you top value for the price of gold since there is no middleman. Its a great resource. Good luck!

mrcoins.australia @ 5:59 am #

can you explain which coin this is? from which country? who made it /
and which bank certifies it?

I have not come across the term “bank certified” in relation to coins as that is not the business of banks anymore. the gold standard has been removed.

Is the “Bank” reputable and is the “certified” genuine and not a scam?

Is the coin from an accepted /recognised country/mint. Is it genuine?

If the coin is not from a recognised Mint or Bullion company you might have to get the coin? assayed.

Also what size is the coin? if it is an ounce then it would be worthwhile doing a bit of traveling.
but if it is a 1/10 ounce it would not be worth the effort to travel from dealer to dealer

So without any further information it is not possible to answer fully your question .

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