Anyone have experience or advice on selling Gold Krugerrand coins online?

August 5, 2007 5:54 AM

My wife has some gold coins (South African Gold Krugerrand Coins - One Ounce) left to her by her grandparents and is looking to sell them. We live in East TN (Knoxville area). Any luck selling Krugerands in TN or online?

There are a couple of places online that will buy them (goldmastersusa.com is one) and we are a little weary of sending in $3500 in gold coins to NY by mail. Please give us some advice or other options. Thanks hivemind.

posted by pleuroma to work & money (5 comments total)

there are several krugerands on ebay
posted by Flood at 8:04 AM on August 5, 2007

Maybe take 'em to a coin shop?
posted by Floydd at 8:13 AM on August 5, 2007

I've sent cashier's checks for several thousand dollars, and gold worth similar amounts, to Hannes Tulving in Newport Beach, CA. As far as I know, he's a reputable dealer. I think he's got a minimum order size these days, though, so you might not have enough coins.

(No connection, except as an occasional, and satisfied, customer.)
posted by spacewrench at 8:19 AM on August 5, 2007

Yes, most coin shops will buy and sell gold bullion - Krugerrands are bullion - for a slight discount to spot.
posted by ikkyu2 at 11:03 AM on August 5, 2007

Coin shop, definately.
posted by 6:1 at 11:53 AM on August 5, 2007