KOTCT
Castle Courtyard => General Discussion / Questions => Topic started by: Paint Your Wagon on August 23, 2016, 02:50:16 AM
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I expect a new 11 months gold high in sept - october so I started selling some
I grabbed in my bank vault an Australian year of the ox second series and two south koreans halfs from the seoul olympics since I got them way back at melt
I drove to a city and went into my normal exchange agents store
Since way back when exchange agents also exchange gold for currency
There were two idiots at the counter
The first one told me they were not coins but gold medals ( meaning I would lose 21% in taxes )
They removed the coins from the capsules and fingerprinted them thouroughly
They asked if I had five minutes till their boss came back
In the meantime the most idiot of the two was rubbing the edge of two coins against each other
to see if the gold would flake off
When finally the boss walked in I got like 90 euro more then I expected and idiot number one
tossed the coins minus the capsules in a plastic box with other melters
They manged to ruin perfectly good collector coins in a minute of time because they were all dumb
Even the boss knowing the value of the coins was an idiot because now he is going to sell them at 5% markup only
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Lunar
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WOW, that's pretty sad. Maybe you can find somewhere else that knows what they're doing and what they're looking at :-\
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WOW, that's pretty sad. Maybe you can find somewhere else that knows what they're doing and what they're looking at :-\
I had a piedford only 1200 existed
I sold it in Brussels to the owner of an auction house and rare coindealership
He new what he was doing holding the coin correctly edge to edge but only would pay gold price
So it was ebay or accept
I am NOT going to enrich that one
Seems like ebay is the only way to get money for collector coins
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Yes ebay sounds like the go if you can only get spot price. Here in australia we have a few companies that travel around and they don't care if it's a rare coin or not and will only give spot as they say they're only going to melt it down and if that's true it's a real shame as some coins are part of our history and once they're gone you can never get them back :(
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Yes ebay sounds like the go if you can only get spot price. Here in australia we have a few companies that travel around and they don't care if it's a rare coin or not and will only give spot as they say they're only going to melt it down and if that's true it's a real shame as some coins are part of our history and once they're gone you can never get them back :(
Since they have to pay 5% fee on small melter lots they try to sell the coins for a few months and longer in a bullmarket
So this means that real melters they will offer only 95% of spot . They were very sensitive to polished jewelry coins
offering only 95% of spot
The coins have copper they will reoxidize over 10 years so the jewelry coins I have are back to normal
I now for a fact that at least one big UK ebay vendor used to go to Brussels to pick up Double Eagles all bought far below their real grade . Double Eagels however now have been nearly completely purged from non collector hands
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Gee that's pretty sad really and like a lot of things once they're all gone you can never get them back so I hoard as much as I can.
There Steve I said it, I'm a hoarder LOL :D
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I had to sell three quarter of my collection to buy my house in 1986
Lucky for me those coins were pretty generic (however what I has was all mint state )
However I sold mexican maya calender coins which I never replaced
Since they used to be bought and sold by exchange agents you can figure what they looked
like after three roundtrips
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There Steve I said it, I'm a hoarder LOL :D
That's OK mate. Whatever floats your boat. :)