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I Tried to SELL my Gold Coins to Coin Shops... is this the True Value?

Silver Seeker 221 views

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I'm looking to get rid of 2/1977br1/1978br1/1979br1/1982 1 oz gold kugerands Mint condition Seems like prices vary depending on the year brHow much should I sell them for??
Comment from : @commentsedited

Takes to long to make money with gold there are places you can make way more
Comment from : @HeatherMizzell

I say this about everything, your baseball cards, collectible star wars stuff, even your car or motorcycle is only worth what you can get for it in a reasonable amount of time for sale, sure there is someone out there who would pay top dollar but are you really going to wait 10 years to get what some expert or some website says it's worth
Comment from : @GrifterBuddy

So, why would you pay the premium for the eagles if you can only sell them for spot or less?brwould you not get the same money for the rounds?
Comment from : @cherokeeman7140

If the spot prices were set properly you could take 50 silver eagles ($50 face value) and buy 1 gold eagle ($50 face value) but you can't and because it is US minted currency you should be able to do that but either gold is way overvalued or silver is way under valued
Comment from : @preyingmathis2517

The truth is that its hard to make money buying silver The premiums are set so high it would take $40 spot to make a few dollars per ounce Maybe in 30 years you can make some but gold really is the only metal that has any significant gains Silver is still way under its all time high and gold has just hit a new all time high Silver sucks Im going to sell all of mine as soon as I can without a loss
Comment from : @preyingmathis2517

Thanks!
Comment from : @SHE3e23

On eBay you can get 100-200 over spot, but eBay will charge you 14 fees which is about spot after fees, and shipping
Comment from : @ds7411

its not the true value because coin shop most make profit
Comment from : @henkkroon7202

International diamond exchange wants 15 of spot They say they are competitive
Comment from : @whoflungpu33

This video was really helpful I definitely subscribed for future videos It is interesting to see how different shops have all sorts of opinions when it comes to buying your coin, but when it comes to selling them, i bet the ms 69 slab would matter to them lol
Comment from : @angelnavarro9341

I know a guy that only buys slabbed Sucks for him
Comment from : @russellstall169

That one in the slab, would have to come out to be tested, but don't worry, it will only effect the price, if its not real Slab,,,lol, more like red flag
Comment from : @SeaWeed2

I’ve never been able to buy or sell local in Phoenix Always 100 back for gold to sell and over 100 to buy
Comment from : @jdb2722

Does it matter if they're eagles? I was getting ducats since they're smaller denominations
Comment from : @eleanorbayes

There's no point in having modern coins slabbed it's stupid
Comment from : @danieloshea3326

IA American gold eagle 9999 or 90 gold? I'm confused about paying the spot for 90 if that's the case
Comment from : @areksoboniak2774

" Like "
Comment from : @gppacman7310

physical gold is a buy and hold asset it's all about your cost basis vs current price
Comment from : @mpetry912

Never sell to a shop they'll only give you 10 cents on the dollar
Comment from : @lespaul1755

Price of one, 1 ounce gold eagle at a large, online bullion dealer is presently $250 over spot (I just checked) and 1 out of 6 shops will only pay $30 over spot Morale of the story: gold eagles are ridiculously over-priced on the retail market, and you shouldn't expect to recoup the premium you will pay for them Bottom line: buy another, lower-premium bullion coin
Comment from : @e-vd

I do not buy any coin ever The only value is the metals and I am swamped with coins nobody's going to buy from me someday What's the point?
Comment from : @other-terrestriallifeform1851

Take it to a grocery store and see what you can buy with it I tried it with a few Morgan’s, I sold all my Silver and Gold 2 days later
Comment from : @justafan-xo8kd

So slabs are a waste of money?
Comment from : @briantaylor6030

Find a good shopI always get spot
Comment from : @peterbedford2610

What about Mexican 50 peso gold (12 oz troy?) Not sure of the alloy, probably coin gold) Do they have to be assayed? Ones I have come across dated 1947, but later re-struck from the same dies Later strikes distinguished by a die break on obverse (I think, it's been a while)
Comment from : @drfaustens4504

Do proof coins bring any more?
Comment from : @williamcondra3811

This is an interesting video Not just because the prices given but the reasons for the prices As far as I could tell the reason for the price was always based on what the collective told them it was I understand that’s how prices work, but no one was willing to pay more or less… just following the crowd onto the cattle car
Comment from : @simonleland2873

Anytime you seek something to someone who is gonna resell it expect a lot less for your product
Comment from : @dougiep2769

grades on gold or silver worth no more than the bullion price
Comment from : @repentandknowjesus8674

In a down marketyou will not get spot
Comment from : @peggyharris3815

Dealers don't want the cars they sell you, either!
Comment from : @galenhaugh3158

My slabbed 1895 5 dollar coin is going to heritage
Comment from : @rhondamiles9922

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis Investing in stocks, gold, silver, and digital currencies can still be profitable during this period Therefore, it is advisable to explore these investment options to secure one's financial future
Comment from : @Riggsnic_co

I'll buy Into A Gold or Silver Mine Before I buy Another Gold Coin All Gold coins are a Game
Comment from : @lastofus456

I worked in a pawnshop and we paid less than the spot gold price for everything Jewellery, coins are worth the gold content nothing more Sellers don't know the spot and if they did they'd still want to sell, it puts cash in their pocket They don't know or care about the gold market
Comment from : @captainscarlett1

So no way to BUY these things for spot, right?
Comment from : @cbxxb4841

I wouldn't sell ANY of my gold coins for "spot", especially gold Buffaloes or UHR gold brcoins Coins are worth more than bars, I would only sell certified bars for spot
Comment from : @hansanderson6607

its funny they will buy them for spot, but sell them for $300 over spot oh and $15
Comment from : @deandee8082

Slab… sort of true Ms69 your looking at a 2 max original investment It is worth 05 He said it would be different if it was 70 Not the same
Comment from : @aajohnsoutube

American silver eagles have ridiculous premiums but you make it look like nobody wants the gold version
Comment from : @cpK054L

I buy bitcoin to actually make money (and altcoins) and consider gold and silver a dead loss end game that I buy and vault with no intentions to sell If I screw up bad enough I have to sell I'm in serious trouble brbrI've never understood anyone trying to make money on physical pm's You have to sit on them for 50 years before it's worth it the effort
Comment from : @dontripfuller6587

I inherited some coins Grandpa kept em in a safe for decades Ends up they r basically useless
Comment from : @chadr4013

Why are you masking all the voices thats redicoulus
Comment from : @jaxripper251

NO PROBLEM GETTING CASH FOR SILVER OR GOLD AT SPOT PRICE, I TAKE IT, THEY JUMP ON IT METAL TO CASH IN SECONDS! YOU WILL GET SPOT PRICE, THAT IS WHAT THEY TRADE FOR, THEY MAKE THEIR MONEY OFF PREMIUMS AND BETTER COINS
Comment from : @ur8up2jabberwocky79

do you really need to do cartoon voices?brI am un-subbing please stay out of my feed
Comment from : @rovvt1284

Gold coins are not investment vehicles They are for collecting, keeping and admiring
Comment from : @quartytypo

Honestly 40 -50$ profit for 2k investment is almost nothing What other industry is willing to make only 40$ on 2k? It's tough to sell PM Just keep them
Comment from : @kenw2225

Just buy land It'll always rise in value every year
Comment from : @orman2222

Dont sale to stores lol alwats sell at the price or higher
Comment from : @bobbyboucher-k9t

Simple: Buy at bullion price Sell at bullion price If you don't want to pay, go away
Comment from : @mcgavin098

12 days later the price of gold is $1985 12/12/23 That’s why bc they have to protect themselves
Comment from : @MattyRox

I bet when sold by the shop the Slab would be marked higher
Comment from : @sku32956

I won't buy any slabbed coins unless the dealer is willing to break them open for me
Comment from : @GenXstacker

If you have ever tried to sell a gold bar, it’s a pain, it’s on margin, and they will try to low ball you It’s a joke
Comment from : @johnmadsen37

About 10 years ago I bought bunch of gold and silver coins thru eBay and I remember buying 1oz gold coins for about $800-900 with promotions, I guess that was a good investment
Comment from : @AmarisTds

I read/heard silver is worth more
Comment from : @Critic_Chris90210

The value of anything is only ever someone is willing to pay
Comment from : @mrlarrybobjr

Scrap price
Comment from : @miker3298

You did better than I trying to sell that stuff I bought from the Franklyn Mint
Comment from : @rolandjenkins7515

Probably the #1 reason I don't buy gold- its a pain in the arse to sell when you need the money if you want to max value
Comment from : @pmmahone1

No dealing with a coin shop is like dealing with a pawn shop, don’t base the true value on these crooks
Comment from : @jayv9286

Below spot is insane…
Comment from : @BrianRossman

Only want to offer scrap price for a gold eagle brAt best loose 30
Comment from : @JeffHenry-cq3is

I have some friends tricked or just confused about gold and silver coins The premium they paid for generic precious minted coins in cases would take decades to even hopeful break even
Comment from : @christopherjoyce9788

This has the vibe of a prank call but yet it’s educational
Comment from : @Willigula

Seems like bullion is the best way to go Proof or slabbed - always excuses to not pay any premium whatsoever Best to be patient with limited issue precious metal coin sets with buyers offering obscenely low prices well under the bullion metal value Really frustrating to say the least
Comment from : @godfreyberry1599

So, Noob question here How do you find the shops to call? google? kind of new to this? I am in the DFW metroplex area :)
Comment from : @itsjiraheta

basically if you are buying 1 oz gold eagles do not buy pcgs graded ones, its a waste to do that
Comment from : @bentonx9063

I recently called a few coin stores and pawn shops to get a price if I sold my Gold Double Eagle None gave me a quote over Spot and one Quoted HALF of Spot I didn't sell to any of them
Comment from : @rayk126

I bought gold, silver and palladium from about 2009- 2013 I never made any money on these metals I am now getting a lawsuit payout of over $800000 from MONEX It's a racket! I did better in one year with Bitcoin!
Comment from : @everlastinggobstopper4569

Why would anyone try to sell to a “coin shop” aka pawn shop?
Comment from : @YepTriedToTellYou

What about pre 1933 gold
Comment from : @stephenjones5465

Seriously? Condition and spot price means everything…plus…they give you less to cut a profit…gold is used as a security to HOLD your wealth…not an investment vehicle…silver is more the Investment thing…
Comment from : @roxannerobertson554

I'm confused Ig Gold is $2000/ounce why are you only getting $100 for the coins? Or did I misunderstand that?
Comment from : @bkpickell

I learned one of the inescapable truths in life many years ago Anything for sale is only worth as much as someone is willing to pay for it
Comment from : @JimMorrison-d4n

Unless it’s spot your getting ripped off
Comment from : @Ron-x9q1w

Why slab a common bullion coin?
Comment from : @TheBruces56

the lees YOU get means the more THEY get !! this basic tactic has been with for 5,000 years
Comment from : @markhellman-pn3hn

Not surprised Most collectibles are the same People think they are worth much more than they actually are
Comment from : @cato451

Small shops need to make a profit to stay in business Try to sell a stock, you'd pay a brokerage commission, same for real estate, you never get official rate at the money changersselling gold few bucks below spot is not the end of the world !
Comment from : @NICK-uy3nl

gold heading to 1050
Comment from : @mt_gox

From 1933 to 1974 gold was illegal to own in America and they can do it again and probably will So “ Caveat Emptor” ,just saying 😁💯😎🤣
Comment from : @anthonyforfare7223

It makes me mad that Dealers screw the sellers and buyers Best to just keep the gold
Comment from : @mateocafe45

Can ANYONE in this thread give me any information on an American selling similar 1oz Gold Eagle or Krugerrand coins in Europe ? More specifically Germany ?brIs it legal to bring the coins from the US to Europe?brCan I sell them legally at a coin shop ?brWill there be any reporting of the sale to any government ?brWill I get spot prices (or more, or less) ?brWill I get cash immediately ( Euros ) ?brWould there be any other issues ?brThanks
Comment from : @michaelterry1000

Obviously these coin shops have to make a profit on the deal brbrLast week I received a present of $300 US from an extremely wealthy Russian lady I sometimes do work for, in the form or three $100 bills As I live in the UK, I had to convert them into GB pounds in order to spend them At the time the exchange rate was £238 to $300 However, when I took them into a bureau de change shop they only offered me £225; a profit of (5 to 6) This I immediately accepted, understanding that these shops would not be able to offer this convenient service unless they were able to make a profitbrbrShopping around, as you suggested at the end, is always great advice 👍
Comment from : @alexistarr