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Old 12-01-2012, 12:45 AM
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Default thinking about selling a gold coin. any advice?

I've had a gold coin which is a 1924 Liberty $20 piece sitting around for some time. It was given to my Dad many years ago by a friend as a gift. Dad had it kicking around in the bottom of a drawer for lots of years. It's certainly not pristine, but it's not awful either.

2 questions:

1. How do I determine it's value?
2. How do I sell it?

I see lot's of places buying gold, but I strongly suspect I'd like to find a reputable coin shop or ?????????????

Thanks for any help,

Mike
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Old 12-01-2012, 12:52 AM
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Default Re: thinking about selling a gold coin. any advice?

Tell Fred it is rare and Rutager already has one!

Seriously, be very careful, lately it seems, at least in MN, that there are some dishonest coin dealers around. I think your best money will be a coin dealer not a gold dealer as they are just melting down gold and the value of it being a coin won't factor in.

Good luck,
Rutager
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Old 12-04-2012, 12:32 AM
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Default Re: thinking about selling a gold coin. any advice?

Mike,

There's a place near me (On El Cajon Blvd) where I sold some silver coins inherited from my grandfather. That's how I bought my 8' rail...

- Kit
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Old 12-04-2012, 05:18 AM
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Default Re: thinking about selling a gold coin. any advice?

Hi Kit,

Thanks for the info. By the way, I really liked your latest review in Fine Homebuilding. I'll give you a call for more info on the place.

Thanks,

Mike
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