Comments for Krugerrand Gold Coins

Comment on Is this coin/sovereign worth anything? by DANIEL W

DANIEL W — Tue, 26 Jul 2011 04:11:39 +0000

Sounds like it was the Crown (coin worth 25 pence) produced for the Queen’s Silver Jubilee in 1977. These are normally silver, as it is gold-coloured it may actually be solid gold in which case it’s worth an awful lot (the gold alone is very expensive). However, it says it’s plated, it may be worth more than just a normal crown as you have the original box and papers. The best way to get it valued is to take it to a reputable coin dealer and ask. If they offer you an amount I’d insure it for two/three times more than that.

Comment on Is this coin/sovereign worth anything? by Lakewood C

Lakewood C — Tue, 26 Jul 2011 04:08:19 +0000

From your description, it sounds like a Silver Jubilee crown that has
been gold-plated. It is intended as a decorative item/souvenir. Plated,
it really has no numismatic value.

The obverse shows Elizabeth II on horseback — as she was when
trooping the colour in her younger days — and the reverse shows
various items of Coronation regalia. (The “bird” is a ewer, as I
recall.)

Comment on Is this coin/sovereign worth anything? by obanlassie

obanlassie — Tue, 26 Jul 2011 03:20:09 +0000

I agree with Sue, but don’t leave the coin with anyone and go with a adult to the coin place. Good Luck.

Comment on Is this coin/sovereign worth anything? by SUE

SUE — Tue, 26 Jul 2011 02:49:23 +0000

Take it to a coin shop for a proper appraisal. REAL gold, it´s worth a bunch…I think gold recently topped $ 900-oz, so, yeah, just that, but if it’s a QEII silver Jubilee special issue, it could be worth more than the gold.

Also, those little leaflets, those can be printed up for anything, but sometimes they are there along with a certificate of authenticity.

Comment on Is Universal Coin & Bullion a reputable company? by MARK

MARK — Mon, 18 Jul 2011 03:54:38 +0000

Goro, If you want to buy gold & silver in my opinion, the best and cheapest way to do that is to simply open up a brokerage account with a discount broker and buy the ETF stock symbols: GLD & SLV. Those are extremely common tickers for people who want to buy gold & silver. Those ETF’S simply tracks the prices of those commodities and you don’t have all the expenses and sales charges every time you trade coins & bars.

Comment on Is Universal Coin & Bullion a reputable company? by Big 5 Seeker

Big 5 Seeker — Mon, 18 Jul 2011 03:06:19 +0000

As an NRA member myself, I have met these guys at the NRA annual meetings and they are a great group… I learned so much! I also attended their Freedom First Financial seminar that helped educate the attendees about diversification, buying gold, selling gold, and estate planning – VERY educational and accurate. Their President, Mike Fuljenz is apparently pretty respected in the gold industry. I’ve seen articles from him in Smart Money (this month in fact), Wall Street Journal etc. Their website is pretty informative with videos of Mike teaching clients about protecting your gold, buying gold, how to choose a gold dealer, what to avoid etc. Hope this helps!

Comment on Dear Financial and Legal Gurus? by Auntie Mame

Auntie Mame — Thu, 14 Jul 2011 03:19:14 +0000

All assets in a IRA/401k/etc. must be held by an IRS approved trustee. Thus, you can not physically hold the coins. They must be stored by the trustee somewhere out of your control. There would be periodic storage charges and fees from the trustee. Gold coins pay no interest.

===============

The law does not permit IRA funds to be invested in collectibles. Here are some examples of collectibles:

* Artwork,
* Rugs,
* Antiques,
* Metals – there are exceptions for certain kinds of bullion,
* Gems,
* Stamps,
* Coins – there are exceptions for certain coins minted by the U.S. Treasury,
* Alcoholic beverages, and
* Certain other tangible personal property.

Comment on Why is Americal Eagle costlier than Canadian Maple Leaf? by muncie birder

muncie birder — Sun, 10 Jul 2011 05:23:30 +0000

They both contain 1 oz of pure gold. The American Eagle is alloyed to make it more durable.

The price difference is due to demand. There is a greater demand for the American Eagle because it is minted in the U S and thus subject to more demand by Americans. They are both readily buyable and sellable without assaying.

The very best deal in direct ownership of gold is the exchange traded gold fund GLD. There is no mark up or mark down and it can be bought and sold at a moments notice.
There are brokerage commissions on buying and selling but these are normally less than the markup and markdown of buying the coins. There is also an annual expenses fee of the fund. It is not too great.

Another think worth considering is gold mining shares such as ABX for example.

Comment on Why is Americal Eagle costlier than Canadian Maple Leaf? by jon

jon — Sun, 10 Jul 2011 04:57:13 +0000

They sell the Maple Leaf for cheaper in Canada. The Eagle cost more here in America because its american. The dealers expect to sell more of them, so the price is up a little bit. If you are looking to buy some, and not just asking a question. Check out buying the PAMP SUISSE BARS instead. I just sold some of both on ebay, and the majority of people buying gold, do not know that coins are worth more. Plus I had almost no time after listing the bars before there was bids on them. The coins took over 4 days to get a first bid. Its not always worth the extra money, because to most people, its all just 1 oz of gold. GOOD LUCK!

Comment on Why is Americal Eagle costlier than Canadian Maple Leaf? by ICG

ICG — Sun, 10 Jul 2011 04:00:56 +0000

Are you comparing dollar to dollar??

American dollar = $ 1.00

Canadian dollar = $ 1.10969

So, Canadian dollar is worth more, which is whey it costs more for the American dollar.