Selling Kugurand Selling Kugurand - Talk of The Villages Florida

Selling Kugurand

Reply
Thread Tools
  #1  
Old 03-29-2025, 03:32 PM
starflyte1 starflyte1 is offline
Platinum member
Join Date: Jul 2008
Location: Villas de la Mesa
Posts: 1,853
Thanks: 374
Thanked 372 Times in 120 Posts
Default Selling Kugurand

Has anyone sold Krugerrands? If so, how and where? I would really appreciate any information. Thank you.
__________________
Village of Hacienda East
  #2  
Old 04-15-2025, 08:12 AM
Topspinmo's Avatar
Topspinmo Topspinmo is offline
Sage
Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 15,130
Thanks: 7,604
Thanked 6,256 Times in 3,227 Posts
Default

I can remember when Krugerrands first can out in 1974? 99 bucks each. Course I was airman first class then couldn’t spare nickel.
  #3  
Old 04-15-2025, 11:41 AM
lkagele lkagele is offline
Senior Member
Join Date: Jun 2015
Posts: 291
Thanks: 1
Thanked 571 Times in 206 Posts
Default

Quote:
Originally Posted by starflyte1 View Post
Has anyone sold Krugerrands? If so, how and where? I would really appreciate any information. Thank you.
eBay, local coin shops plus there's a buying vendor that sets up shop in hotels all are options. Date and condition can affect value but when you are selling, about 10% +/- below spot price is what you will receive.
  #4  
Old 04-15-2025, 11:55 AM
BrianL99 BrianL99 is offline
Sage
Join Date: Dec 2021
Posts: 3,507
Thanks: 296
Thanked 3,407 Times in 1,345 Posts
Default

Quote:
Originally Posted by lkagele View Post
eBay, local coin shops plus there's a buying vendor that sets up shop in hotels all are options. Date and condition can affect value but when you are selling, about 10% +/- below spot price is what you will receive.
You're selling gold to the wrong people, if you're taking under Spot Price.
Attached Thumbnails
The Villages Florida: Click image for larger version

Name:	Gold.jpg
Views:	151
Size:	29.5 KB
ID:	108140  
__________________
"God made me and gave me the right to remain silent, but not the ability." Sen John Kennedy (R-La)
" ... and that Norm, is why some folks always feel smarter, when they sign onto TOTV after a few beers" adapted from Cliff Claven, 1/18/90
  #5  
Old 04-15-2025, 03:18 PM
JRcorvette JRcorvette is offline
Veteran member
Join Date: Oct 2022
Posts: 583
Thanks: 609
Thanked 456 Times in 228 Posts
Default

How many are you selling and what is the size of each?
  #6  
Old 04-15-2025, 05:57 PM
starflyte1 starflyte1 is offline
Platinum member
Join Date: Jul 2008
Location: Villas de la Mesa
Posts: 1,853
Thanks: 374
Thanked 372 Times in 120 Posts
Default

Thanks everyone. All are sold to Bob’s Coins. I knew how much I wanted to net, and I did.
__________________
Village of Hacienda East
  #7  
Old 04-15-2025, 06:09 PM
tophcfa's Avatar
tophcfa tophcfa is offline
Sage
Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 7,673
Thanks: 3,592
Thanked 11,209 Times in 3,556 Posts
Default

Quote:
Originally Posted by BrianL99 View Post
You're selling gold to the wrong people, if you're taking under Spot Price.
Good condition minted gold coins should be worth well more than spot price, but they are still illiquid relative to most investments as measured by the bid/ask spread. Figure a bid/ask spread of between 4 - 5%.
  #8  
Old 04-15-2025, 06:27 PM
BrianL99 BrianL99 is offline
Sage
Join Date: Dec 2021
Posts: 3,507
Thanks: 296
Thanked 3,407 Times in 1,345 Posts
Default

Quote:
Originally Posted by BrianL99 View Post
You're selling gold to the wrong people, if you're taking under Spot Price.
Quote:
Originally Posted by tophcfa View Post
Good condition minted gold coins should be worth well more than spot price, but they are still illiquid relative to most investments as measured by the bid/ask spread. Figure a bid/ask spread of between 4 - 5%.
If you sell someone, something ... they need to make a profit when they resell it. I had a guy that was working on 2%-3% on gold coins, but he was the exception. 5% is the more likely number.

The premium over Spot, is based on the specific coin. I don't think Krugerrands have the same premium as American Gold Eagles for example. Maybe they do in South Africa?
__________________
"God made me and gave me the right to remain silent, but not the ability." Sen John Kennedy (R-La)
" ... and that Norm, is why some folks always feel smarter, when they sign onto TOTV after a few beers" adapted from Cliff Claven, 1/18/90
Reply

Tags
selling, information, kugurand, krugerrands, sold


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 02:09 AM.