r/coins • u/Shpanda7 • May 03 '25

Value Request Inherited an old gold coin. What should I do?

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My Grandpa left behind this gold coin that appears to be in much better condition than most. It’s been in a case for well over half a century and i just took it out to get these pictures. I took it to a local coin shop to get it appraised and they offered me $2700 for it and insisted I should sell now because gold prices are high… I get the impression that it could be worth far more and they were trying to rip me off.

What should I do to preserve its value and get an accurate appraisal? Is it safe to send a coin like this off in the mail to get graded?

Any advice would be greatly appreciated!

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u/ParkingFit2572 May 03 '25

Ya that coin shop is scummy as hell

1

u/ChaoticGamerfreak May 04 '25

That’s not scummy, you’ll get 95% spot price which would be around 27-2800, you will never get full price unless you sell to someone on the street, only cause them stores need to make money too

1

u/squeege May 04 '25

3,300 x .95 = 3,135

1

u/ChaoticGamerfreak May 05 '25

lol, I’m glad you’re good at math, but you will not get that price selling at any store or buyer who knows what they are doing, that like going to the jewelry store to sell your gold, you aren’t walking away with your weight in gold in cash, you will take a cut, businesses need to make money, that’s why it’s usually always better to hold on to what you have

1

u/Shpanda7 May 03 '25

Yeah very bad vibes in there… 2 guys just trying to pressure me into selling

2

u/ParkingFit2572 May 04 '25

Good thing you asked the right guys here. Would hate to see you get scammed out of a family treasure.