My elderly father has spent all of his savings in recent months – around $200,000 – buying expensive coins. Most are gold, some are silver and platinum. Some are bullion; most are old and "rare." His collection was fun and interesting for a while, but now it has become a source of stress to him. He has no money left in the bank, and has decided he doesn’t want to keep the coins. It looks like Dad was skillfully played by slick sales reps, but I haven’t seen evidence yet that he has been defrauded. He has asked me to sell the coins for him. What’s the best way to sell a bunch of expensive coins? [more inside]
posted by spockmuppet
on Aug 13, 2013 -
Where do I go to sell some 1 oz gold ingots. They're bullion (i believe that's the term) and definitely have no value beyond that of the gold itself. To maybe complicate matters slightly, I'm in Vancouver, in Canada.
Bonus question: Would I expect to get something close to the price per ounce when I sell these? Or is it like the currency exchange rate, where you actually get a small but significant % less than the going rate.
posted by Ziggurat
on Dec 13, 2008 -