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Convincing yourself to scrap coins

goldfixer21goldfixer21 Posts: 136 ✭✭✭
in Precious Metals

I have around 10 ounces of gold coins/collectables that I don't believe have much value over melt . I can't seem to get myself to scrap them. They are a combination of Canadian Olympic 24K stamps and 1/2 Canadian proof coins. All are in nice wood boxes and such, and it just feels wrong to melt them down. Anyone else second guessed melting coins?

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    PerryHallPerryHall Posts: 47,781 ✭✭✭✭✭

    I would just sell them as is. Try the monthly BST thread here or the BST Forum.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    KliaoKliao Posts: 5,805 ✭✭✭✭✭

    Even in bad condition I would never scrap coins. There is all ways more history to a coin than a useless lump of gold

    Collector
    Over 100 Positive BST transactions buying and selling with 57 members and counting!
    instagram.com/klnumismatics

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    BaleyBaley Posts: 22,663 ✭✭✭✭✭

    Best of luck in your struggle.
    Let us know what you decide!

    Liberty: Parent of Science & Industry

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    Downtown1974Downtown1974 Posts: 7,189 ✭✭✭✭✭

    The only gold I would scrap is broken jewelry or heavily damaged coins. Scrapping proofs is crazy talk. You’ll be able to move them.

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    goldfixer21goldfixer21 Posts: 136 ✭✭✭

    Here are some pics of some of them. I have 2 sets of the 24K stamps, 1 set of stamps that includes a 24K-a silver, and a bronze. Each gold one weighs 23.33 grams . The round ones are all the same gold content but varying subjects. Each of them has 15.551 grams of gold (1/2 ounce)



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    KliaoKliao Posts: 5,805 ✭✭✭✭✭

    They are way to nice to scrap

    Collector
    Over 100 Positive BST transactions buying and selling with 57 members and counting!
    instagram.com/klnumismatics

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    HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    @goldfixer21

    Try and sell before scrap. Couple links to sell on CU.

    Monthly sell thread in this forum: https://forums.collectors.com/discussion/1027687/the-official-november-2019-precious-metals-buy-sell-trade-thread

    Or the main BST forum on CU: https://forums.collectors.com/categories/buy-sell-trade-u-s-coins

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    OPAOPA Posts: 17,171 ✭✭✭✭✭

    @Kliao said:
    They are way to nice to scrap

    They maybe nice, but there is not much of a market for them. As mentioned before, try the bst at @ spot. You might get a buyer, but I'm not one.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    MsMorrisineMsMorrisine Posts: 40,141 ✭✭✭✭✭

    actually, I'd note that 2 things while trying to sell them.

    note that you know they are hard to move and you are willing to take spot or back of spot for them.
    note the fancy packaging does not have to be shipped with them if the buyer does not want it.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    djmdjm Posts: 1,565 ✭✭✭✭✭

    Try consigning to Colonial Acres in Kitchner ON. They have a monthly auction the $100 Coins do very well in their auctions. Call Todd for details

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    Jinx86Jinx86 Posts: 3,729 ✭✭✭✭✭

    scrap> @Kliao said:

    They are way to nice to scrap

    Ive melted plenty of these. Its sad, but with limited demand many of the Canadian Commems become scrap.

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    SmudgeSmudge Posts: 10,007 ✭✭✭✭✭

    Doesn't matter. Scrap is scrap. If you enjoy melting gold, melt it.

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    mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    I've not had any issues with scrapping coins.
    Doesn't bother me a bit.
    If I could sell for more, I wouldn't scrap, but if I can't.....
    Melt away.

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    USASoccerUSASoccer Posts: 445 ✭✭✭

    Why would you scrap collector sets? I get if it was broken jewelry...

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    Jinx86Jinx86 Posts: 3,729 ✭✭✭✭✭

    @USASoccer said:
    Why would you scrap collector sets? I get if it was broken jewelry...

    No real market or demand, more liquid as accepted known pieces I stead of odd commems. Although there is little premium is any bullion product at the moment. Stuff like this I would most likely offer 90-95% of melt on, over the counter. Dealers typically 98-99% of melt for quantity.

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    USASoccerUSASoccer Posts: 445 ✭✭✭

    The ones he has are nice and I hope he does not scrap them.

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    Jinx86Jinx86 Posts: 3,729 ✭✭✭✭✭

    I'll video the the melt...it's quite satisfying.

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    blitzdudeblitzdude Posts: 7,740 ✭✭✭✭✭

    It would be a crime to melt those 24K stamps, please don't do it.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

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    StaircoinsStaircoins Posts: 2,590 ✭✭✭✭

    So many items out there like this.

    • Franklin Mint (along with various other "mints")
    • NCLT issues from all over the world, now including the good ol' US of A
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    PerryHallPerryHall Posts: 47,781 ✭✭✭✭✭

    @Staircoins said:
    So many items out there like this.

    • Franklin Mint (along with various other "mints")
    • NCLT issues from all over the world, now including the good ol' US of A

    Of course, not every NCLT issue should be melted. To give one example the Pan Pac Commemorative $50 gold slugs are NCLT coins. So are the 2019 ERP ASE's.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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