Gold is red hot right now. 834.20 per ounce at the time of this writing! This is a wonderful 1927 St. Gauden Gold coin we are selling on eBay. See this and other items at howardsdirect on eBay and howards-direct.com.
Video Rating: 3 / 5
1927 Saint Gaudens $20 Gold Raw MS65
Posted on 20 February 2012 by Admin
What do companies do with the gold and coins they buy from consumers?
Posted on 14 February 2012 by Admin
Question by lahdiva1369: What do companies do with the gold and coins they buy from consumers?
I have some old coins I’m thinking of taking to one of these “We Buy . . .” fairs—some from the 1800s—and I suddenly wondered what do these companies actually do with all this stuff they buy? Melt it down? Do they resell it to consumers, to an auction house, private buyers?
Best answer:
Answer by Matt
They look at it and see if it has value beyond the value of the gold itself. If it a nice piece or a collectible coin, they will sell it iff as such. If it is not, then they melt it for the raw materials.
Know better? Leave your own answer in the comments!
3 $20 St. Gaudens Double Eagle Gold Coin MS 63
Posted on 22 January 2012 by Admin
One 1908 NO MOTTO MS 63 & two 1927 MS 63. All rated and cased by NGC.
