Home World & Ancient Coins Forum
Options

Colombia/Peru Gold Coins at Spot Price

inkdiverinkdiver Posts: 54 ✭✭
edited May 11, 2021 4:03AM in World & Ancient Coins Forum

I came across today at a pawn shop that has these 3 gold coins for sale at spot price.

After doing some research, I discovered that the 3 coins are the following:

  • 5 Pesos Colombia Gold Coin (7.99 grams total weight and .916 gold purity)

  • 1968 Colombia Proof Gold 100 Pesos Pope Paul VI (4.3 grams total weight and .900 gold purity)

  • Perú 1/5 Libra Gold Coin (1.65 total weight and .916).

Unfortunately my phone camera does not take great pictures, but obviously the 1968 Colombia Proof Gold 100 Pesos Pope Paul VI is scruffy, with dents, and scratches.

I had an earth magnet with me and none of the coins were magnetic fortunately.

I wonder if it would be a good deal to buy them at spot price?

Comments

  • Options
    thefinnthefinn Posts: 2,653 ✭✭✭✭✭

    Best way to buy gold fractionals.

    thefinn
  • Options
    inkdiverinkdiver Posts: 54 ✭✭

    Would it be a good deal to buy them at spot price?

  • Options
    KliaoKliao Posts: 5,460 ✭✭✭✭✭

    If they truly are for sale at spot with no taxes or anything, I would buy them. Good deal with premiums of gold crazy high right now.

    Young Numismatist/collector
    75 Positive BST transactions buying and selling with 45 members and counting!
    instagram.com/klnumismatics

  • Options
    inkdiverinkdiver Posts: 54 ✭✭

    Yes, I have been reading (don't have much experience with gold coins), and I think that these coins have been cleaned, which devalues them. Since I am buying at spot price for melt value, I am okay with selling them at spot price in at least ten years..

Sign In or Register to comment.