Why would somebody have a box full of gold coins?
Question by R: Why would somebody have a box full of gold coins?
He gave me one. Says it's a "Krugerrand". He has a LOT of them. I assume the only reason he still has them is because no body's willing to steal from a guy that used to be Russian Special-Forces.
What's the point of it though? I mean... Why would somebody want them? Also, how much is it worth, and where could I get rid of one?
He's not a spy. It's a small town with nothing going on within 2 provinces (Canadian, by the way).
I also like the idea of having $ 1300 sitting in my pocket.
Best answer:
Answer by Wiz
ROFLMAO!!! They are worth about $ 1300 each. People keep them because they are good no matter what the value of the dollar is and when the dollar goes down, their value goes up. Krugerrand's are an ounce of pure gold. You can sell them at any reputable coin shop. However, if you hold on to it, it could reach $ 2000 in another 6 months to a year. Google gold prices. They are a hedge against inflation.
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Why are gold coins covered in plastic, so you can’t check if they are real gold?
Question by Newell: Why are gold coins covered in plastic, so you can't check if they are real gold?
I inherited about $ 60,000. I think the government has gone crazy, and I am anticipating an inflation firestorm. I plan on buying $ 30,000 of silver and $ 30,000 of gold coins for my 8 year old daughter's college fund. I was going to buy Krugerrands and Maple Leafs. But everything is coated in plastic. I don't trust people. I intend on buying in $ 5,0000 increments, and then taking it all to another jeweler to make sure it is actually gold or silver, and not lead with gold paint. Why are all the coins in plastic?
That's what I hate about Yahoo Answers. No one ever answers the question. My question is why is everyone so stupid that they just assume what they are getting is gold. And the answer is none of you know.
Best answer:
Answer by Mary Kate
isn't that to prevent things from being scratched? I thought that's what they did for fancy old swords,,,
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