6 Comments on If I have a 1-oz Gold Eagle coin, and it isn’t in very good condition, is it still worth the price of gold?

wartz on Sat, 21st Nov 2009 4:19 am


At an absolute minimum it is worth its value as scrap gold.

Gnarly Gnar on Sat, 21st Nov 2009 5:01 am


It is probably worth more than simply 1 oz of gold would be because it is a coin, even if it isn’t in mint condition.

Yarcofin on Sat, 21st Nov 2009 5:59 am


It will always be worth at least it’s amount of pure gold. Anything else is just sentimental/collector’s value.

Hermoderus on Sat, 21st Nov 2009 6:46 am


The listed spot price is for bullion grade coins – specifically those that have no value as collectibles. Unless the coin is missing mass (has been bovertly clipped or shaved), it will be worth the spot price – less the dealer’s commission, of course.

Michael on Sat, 21st Nov 2009 7:39 am


It’s definitely worth the bullion price of gold, maybe minus a small percentage for the trade-in and buyer’s ‘processing fee’. It doesn’t have to be in Mint condition if you intend to sell it off for bullion value, but as a numismatic item with value premium then the condition is of paramount importance.

farfel on Sat, 21st Nov 2009 8:20 am


the price of gold does not depend on its condition, as long as it is recognizable for its weight and purity.

a private collector may want and pay extra for a gold eagle coin in pristine condition, but that is purely collector value and sentiment.

a precious metals dealer will not care what your coin looks like.

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!