Gold & Silver Forum - Investment Coins with dings

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- - Investment Coins with dings (http://goldismoney.info/forums/showthread.php?t=227886)

baggab

01-25-2008 02:43 PM

Investment Coins with dings

How much value would Canadian Maples or Buffalos lose if you'd find a small ding on them. I had a coin in a soft plastic sleeve that I dropped. There seems to be a small ding only noticeable if you hold it closely to your face.

Same question but with bullion bars.

How damaged do investment coins have to be before they are considered scrap?

Anty Ep

01-25-2008 02:51 PM

Re: Investment Coins with dings

bars-- no effect

maples- negligible

gold buffaloes-- might really lose numismatic value, but, it's also difficult to realize that value unless you get em certified and sell them yourself on ebay

baggab

01-25-2008 02:59 PM

Re: Investment Coins with dings

Thanks, Anty much appreciated. :)

Anty Ep

01-25-2008 03:01 PM

Re: Investment Coins with dings

Quote:

Originally Posted by baggab (Post 936633)

Thanks, Anty much appreciated. :)

de nada. you're in the right place for answers. I've learned quite a bit here about such things.

lhslancers

01-25-2008 03:02 PM

Re: Investment Coins with dings

Might get dinged on resale depending on your dealer for maybe 5-15 bucks a coin at current prices.

Antonio

01-25-2008 03:06 PM

Re: Investment Coins with dings

How about taking Credit and pamp Suisse out of the assay holders,will this lower the value a lot?I have an irresistible desire to fondle them naked,otherwise it`s like sex in a condom...

TomD	01-25-2008 03:08 PM

Re: Investment Coins with dings

The more the coins normally sell for above spot, the more the ding affects the price.

baggab

01-25-2008 03:28 PM

Re: Investment Coins with dings

Quote:

Originally Posted by TomD (Post 936649)

The more the coins normally sell for above spot, the more the ding affects the price.

That's unfortunate... I wonder if the place I buy them check. It's a currency and bullion exchange.

How much did coins used to trade over spot? In Canada for our maples it's about $30 CAD

TomD	01-25-2008 03:41 PM

Re: Investment Coins with dings

For some reason, the premium commanded by Maples has dropped as gold spot has risen, I have no idea why. Currently, you can get Maples in less than quantities of 10 for spot +$18 US, $2 less for more than 10.

lhslancers

01-25-2008 04:04 PM

Re: Investment Coins with dings

Quote:

Originally Posted by TomD (Post 936694)

The Maple Leafs are the new Krugs around here. When I sold Gold the guy popped a jeweler's loop in his eye. WTF? He checked every single coin.

Gcubed

01-25-2008 04:45 PM

Re: Investment Coins with dings

Dealers get less when they "wholesale" off "scruffy" Maples.

Quote:

Originally Posted by lhslancers (Post 936731)

The Maple Leafs are the new Krugs around here. When I sold Gold the guy popped a jeweler's loop in his eye. WTF? He checked every single coin.

twenty4karat

01-25-2008 04:59 PM

Re: Investment Coins with dings

Quote:

Originally Posted by baggab (Post 936606)

Don't hold it close.

(negligible, like Ae said)

Maranatha,

:smile:

lhslancers

01-25-2008 05:01 PM

Re: Investment Coins with dings

Quote:

Originally Posted by Gcubed (Post 936814)

Dealers get less when they "wholesale" off "scruffy" Maples.

I know and I don't blame him at all.

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