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Off brand gold (NICARAGUA Gold)

gdavis70gdavis70 Posts: 256 ✭✭✭
in Precious Metals
Someone wants to sell me one of these:

Link

it's interesting but since it's .900 fine it loses some of it's luster...

What would a typical B & M offer for a coin like this?

AntiqueBanknotes • National Currency

Comments

  • CaptHenwayCaptHenway Posts: 32,117 ✭✭✭✭✭
    If I was still working in the store, we would offer 95% of melt.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    ,900 is still nice an shiney, bullion is bullion in my book. As a collector/stacker I try to buy the world gold at or very near melt. On high grade things like Sovereigns and French/Swiss 20 francs I go up to 10% over bullion price. On unusual things like the link I would expect a B&M to pay under melt.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • AmigoAmigo Posts: 966 ✭

    That's interesting. I wasn't aware they had a Gold Coin. I lived there for a while back in the late 70's when Cordobas took a beating against the Dollar, would loved to have been paid in gold instead of Cordobas.
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