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forexman
17th April 2009, 17:05
I'm aware this is a silver forum, but had a gold question. I have a local dealer I've done a lot of business with offer to sell me Swiss franc 50 (almost half an ounce of gold) for $445.00/each. Do you think that's a good deal. I'm having a hard time pricing them at my normal places I check. Thanks!

Argyria
17th April 2009, 17:36
Personally, I'd stay away from odd sizes. If it were actually a half ounce, it would be a decent deal.

amadeus
17th April 2009, 17:45
I'm assuming those are commemorative issue coins probably one of these?

http://www.zumbo.ch/coins/ch/gold.html

If so they are not almost half an ounce, they are a little over a third of an ounce, and at $445 each it's not such a hot deal.

Stick with common easily recognizable gold coins. Swiss 20 francs. French 20 francs. Any US gold. Mexican gold. Sovereigns. Except for US gold these coins can be had at pretty low premiums if you take some time to sift through eBay. If US gold is a must, in my experience $5 liberty half eagles seem to be the sweet spot for the lowest premium over melt value (on eBay anyways). Here's an indispensable resource for information on gold coins from all over the world:

http://www.taxfreegold.co.uk/countries.html

Lists former circulating and commemorative issues from all over the globe along with their actual gold content.

I'm a fan of old former circulating gold coinage, it's much more interesting than vanilla bullion such as Krugerrands or modern commemorative issues and you'd be surprised how low the premiums can be on it if you have the patience to look around.

forexman
18th April 2009, 18:14
amadeus, thanks for the links.

Passed today on the 50 francs, they were from the mid-1800s. Was able to pick up a 1900 $20 Liberty for $900.00 and a 1/10th Gold Eagle for $121.00.

maplesilverbug
18th April 2009, 18:30
amadeus, thanks for the links.

Passed today on the 50 francs, they were from the mid-1800s. Was able to pick up a 1900 $20 Liberty for $900.00 and a 1/10th Gold Eagle for $121.00.

Now I know who to visit for a $1000 "withdrawal" :rolleyes:

amadeus
27th April 2009, 02:02
amadeus, thanks for the links.

Passed today on the 50 francs, they were from the mid-1800s. Was able to pick up a 1900 $20 Liberty for $900.00 and a 1/10th Gold Eagle for $121.00.

Hmm then they are probably .4667 oz gold, for 445 that's pretty good. I would have taken them.