Options
How liquid are gold medals?
inkdiver
Posts: 54 ✭✭
I recently got this gold medal at spot/melt price. It's a 100th anniversary of the German company Schering (made in 1971). It's 10.5 grams and .900 gold purity. It's not seen to often for sale. Although it looks like a coin, but technically it's not, it was made privately and not by a government since it does not have legal tender. Therefore, mintages/amounts made are unknown. However, it was probably made in low quantities if I had to guess.
When deciding to sell it, how liquid/easy is a gold medal to sell? I would be have no issue at selling it also at melt/spot price.
I am a long-term holder of gold. Hence, I would probably sell in at least ten or more years. But, just curious how easily it would be to sell later on.
0
Comments
To a dealer for instant cash you would be back of melt a bit to sell to to a price at person you might get melt + a little.
If their is a collector base for it then I don’t know what it would be worth
Martin
My concern would be the actual gold content since it's privately manufactured and doesn't look like 90% gold. Is it painted? I see 900 for fineness on one side. Is it hallmarked 10.5g Au also?
Someone would need to test it for weight/purity. Not a big deal but not the most liquid physical gold either, that's for sure.
It only has .900 hallmarked. I understand your concern regarding it does not "look" like gold. Gold is notoriously difficult to photograph, depending on light angles. I've seen 90% gold such as Venezuela Bolivares very reddish due to the copper. And other 90% more yellowish and "gold" like (commemorative proof coins and medal such as this one).
When, I bought it, got a spectrograph reading with the medal made in front of me before purchasing it, so that's why I know it's genuine
The market for such memorabilia would have to be pursued in Europe.... Germany specifically. As for other value...likely a bit back of melt...Cheers, RickO
Very liquid (at 2,000 degrees Farenheit).
Wow!
I said the same thing out loud as I clicked into the thread.
It's all about what the people want...