Selling gold Coins…………?
I have 2 gold coins.. a 1982 canadian 22k gold confederation coin and a 1976 14k montreal olympic coins both authenticated, in cases and in mint condition. Should i sell these and buy a nice new pure gold coin or keep the old ones and spend more money to get a new gold coin? I dont know what to do because they are kind of old and newer coins look nicer,
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Canada 1976 Montreal Olympics $100 is 14K (58.3% gold) and contains .2500 troy ounces of gold.
Canada 1982 New Constitution $100 is 22K (91.7% gold) and contains .5000 troy ounces of gold.
That would be a total of about US$900 worth of gold. I personally would hold them both because I think the price of gold is going to continue to rise. You will lose a little bit by selling and re-investing, because the coin dealer has to make a profit on the deal.
if u keep rare old coins for longer and in mint condition then it could be worth more money later
like if u keep it for another year or so, the price most likely go up because something could happen to the ppl with gold coins or collectors might spend more money for them later
I don’t know what cash4gold will pay. I do know from my past experience, that I sent them a scrap jewelry ring and they paid me $5.26. I rejected the offer and they returned my ring promptly. I then found another company, http://www.captaincashforgold.com/ that paid me $43 for the same ring!! and they enclosed a track able Fedex pack along with $500 insurance as opposed to some crappy envelope from cash4gold that you cant even track.