Sell Gold Coin In Bangkok?

[Verwie]

I am looking for a place where i can get a fair price for a gold coin.

It is a American Eagle 25 dollars

17 gram of 22 carat accordingly 1/2 oz of fine gold.

[mogandave]

Any of the gold shops will pay weight, are you wanting more than that?

[Verwie]

Sure every Goldshop would buy it. But one shop for 13.500 another shop for 18.500 and another one for 20.000.

According to the actual gold price it should be more than 23.000.because the coin contains more gold than 1 Baht gold.

[BigJohnnyBKK]

Get out there an look for shops that sell them, and you're more likely to get a slight premium above the weight.

But very slight.

Maybe around Surasak jewelry district, close to the river and the big hotels?

Note you can pawn it and then get it back if you're just hard up temporarily, pretty low interest rates with that as collateral.

[PostmasterGeneral]

Hi Verwie,

I'm interested to buy this coin if you are in Bangkok area.

Do you know which year it was minted? Do you have any documentary certification / proof with it?

Thanks,

PMG

[koolbreez]

The difference in dealing with gold shops is that it is only 22 carat, not the 24 carat that it should contain to be tradeable gold, and fetch market price. It is not a recognized gold commodity like the 24 carat Canadian Maple Leaf, or S. African Krugerand. Also baht gold is 23 carat, and even though the price is always listed according to the baht weight, gold is actually sold, and bought by the gram weight. Not all baht chains, or bracelets weigh the same so the actual price of a piece is determined by the gram weight.

Anything less than 23 carat gold is of no interest to gold shops as they consider it cheap gold, and they have to melt it down.

[LawrenceChee]

koolbreeze is right. You may have better luck selling them to collectors instead of the gold shop as it is not standard gold weight in Asia or the world.

Hope you get a good rate !

[thrilled]

go to china town,yarahhat rd.hit all the gold shops.Many of them might just want to give you 23 karat gold prices.i'm not sure on that.good luck.I have some maple leafs and 1 ounce buffalo american.Let me know how ya make out if possible.