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FS Investment 1oz. Gold Piece(sold)

Discussion in 'For Sale- Members only' started by jaeger18, Aug 14, 2011.

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  1. jaeger18

    jaeger18 Member

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    For Sale: 1 oz. 24k gold piece 1981 Mark Twain commemorative

    Market price hit $1800.00 this week.

    $1500 shipped and insured to your door.

    Can email pics.
     
  2. Jerry944t

    Jerry944t Well-Known Member

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    Strange "deal." Could you explain why you would sell $1800 worth of gold for $1500? What am I missing??
     
  3. jaeger18

    jaeger18 Member

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    Jerry, perhaps you could tell me how to sell a single gold coin that was given to me years ago on the stock market for current trading values......
     
  4. David J Comroe

    David J Comroe Active Member

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    Seems about right. Current Market value is $1700.00 Is it graded? PCGS?
     
  5. Dougbbbb

    Dougbbbb TS Supporters TS Supporters

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    Jaeger.

    The 1981 coin is 34.6 grams .900 fine gold. 90% gold 10% alloy. Still a fine piece considering it was a limited press and a lot were melted down in the middle 1980's

    Doug
     
  6. jaeger18

    jaeger18 Member

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    The coin was not graded. I had it tested and it came up as 24k. The weight is also correct
     
  7. Anchorsteam

    Anchorsteam TS Member

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    photos - obverse and reverse???
     
  8. mission6222

    mission6222 Member

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    Take the coin to the nearest coin dealer, for a value at todays market price. sell it if he offers close to market price, if not go to another dealer. Loyd
     
  9. rdf59

    rdf59 Member

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    Jerry,
    A gold coin with 1 Troy Ounce of Gold will sell at a price that is related to the world price of 1 Troy Ounce of gold. Many dealers (most) will not pay you that quoted price.(found on the internet at Kitco)

    They will discount that price by anywhere from 6% to 8%. In the case above, the price did not quite hit $1,800, but if it did the price a dealer would offer, in many cases would be between $1,650 to $1,690.

    If the coin had 1 Troy ounce of Gold in it, you don't need to worry about it being in mint condition. It's not a collector item at that point, it is just 1oz of gold.
     
  10. WIKI2ECHO

    WIKI2ECHO TS Member

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    This is what i found about the coin which is really a medallion and 90% gold and 10% alloy.

    According to an article at www.usmint.gov/historianscorner/index.cfm? These coins are 90% gold and 10%alloy
    The American Arts Gold Medallions (technically they are medallions, not coins, although they were minted by the US mint) was a 10 coin set issued from 1980 to 1984. Each year consisted of two coins, a 1 ounce coin and a 1/2 ounce coin, each coin honoring a different American Artist (the term "artist" is used loosly; one of the coins honored Frank Lloyd Wright, another honored Mark Twain, another Louis Armstrong). These weights are the weight of gold in the coins; because the coins were not "pure" gold, the total weight of the coins is slightly higher. Although not common, these are not in high demand by "coin collectors"and usually are valued at only a very slight premium over the gold that they contain.

    Bill
     
  11. jaeger18

    jaeger18 Member

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    Sold, thanks TS
     
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