My grandfather left me his entire coin collection which includes ( 167) 1 oz gold coins. I also have hundreds of silver coins too. My mother says just hang onto them, and pass them on to my kids if I ever have any. I'm really not into coin collecting, and sometimes just wish I could sell them. I just do not want my parents to be upset with me. What would you do?
Dude. Just take a moment to feel bad for your grandfather for being duped when he transferred all of his retirement funds into gold coins.
You can't really sell them. Are you going to go to the local gold shop where they sell vape oil and gold coins?
HODL in the event of another civil war. You can trade the coins for ammo or crusts of bread.
Of course you can sell them! Don’t listen to this guy.
You can easily sell them for the 1 Troy ounce spot price minus small commission at any gold trader.
What r u smoking? wrote:
minus small commission at any gold trader.
LOL
LOL
LOL
LOL
Only logical thing to do is to store them in a vault in Gringotts.
Golden boyy wrote:
My grandfather left me his entire coin collection which includes ( 167) 1 oz gold coins. I also have hundreds of silver coins too. My mother says just hang onto them, and pass them on to my kids if I ever have any. I'm really not into coin collecting, and sometimes just wish I could sell them. I just do not want my parents to be upset with me. What would you do?
This is hilarious, yesterday I sold one coin. I inherited a lot coins from my mom.
I had a 1847 gold coin with a prestigious minkmark. Got $3500 for it.
Go to a coin dealer, not a pawn shop.
Do research on the internet about the coin. Know it's value, any minkmarks, if the coin was circulated or uncirculated. Also, know how many was produced.
Pretend that you know what you are talking about. The gold itself was only worth $250. But I knew the value and got what the coin is worth. Other factors involved: hopefully the coins are in a protective case and hopefully they were cleaned properly. If not, the dealer will deduct money.
I am keeping some of them for kids and grandchildren. But, every once in a while I will sell one. If anyone looks at the collection, they will never know 5-10 are missing.