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View Full Version : 14 kt coins - worth buying or just 999


Jim F
11-16-2011, 05:05 PM
I am a silver guy - but I wouldn't mind getting some gold. there isn't a lot around locally, but I did find one of the Canadian $100 gold coins thats 14 k . guy wants $400 which is just a little more than melt value - but is it better to get the pure 999 stuff ? maybe a smaller maple coin ?

Holy_Peanuts
11-16-2011, 05:31 PM
I am a silver guy - but I wouldn't mind getting some gold. there isn't a lot around locally, but I did find one of the Canadian $100 gold coins thats 14 k . guy wants $400 which is just a little more than melt value - but is it better to get the pure 999 stuff ? maybe a smaller maple coin ?

Get .999 pure bullion. Liquidating wouldnt be nearly as much of a hassle. Also, you would most probably get less than melt if you were to sell them. So, loss of value and difficulty selling would definitely push me towards .999 instead of 14kt.

coindog
11-16-2011, 05:32 PM
those coin get bought and sold at my LCS so there is a market for them. I stick to.900 or finer gold myself.

Holy_Peanuts
11-16-2011, 05:40 PM
Of course theres a market. Theres also a market for soiled underwear :D.
Its just not as big a market therefore, stick to more recognizable bullion IMO..

coindog
11-16-2011, 05:52 PM
Of course theres a market. Theres also a market for soiled underwear :D.
Its just not as big a market therefore, stick to more recognizable bullion IMO..

they are a step up from old shorts. at least they are a govt. minted coin. lots of people deal in 14kt gold. rather have those than old bracelets/rings. so they are a known coin, but I'm with you .900-.999 is where I'm at.

junior e
11-16-2011, 06:36 PM
What do the 14k coins look like? I have never heard of them.

otmoto
11-16-2011, 07:04 PM
That is a good buy for the Canadian Gold coin.The company I work for generally pays 85% of spot for these coins, and re-sells them for spot, so you getting anything off of spot price is definitely something to jump at.

Metal Is Real
11-16-2011, 07:45 PM
What is the rest of the metal content of these coins? I'm guessing copper since I couldn't find any specs on Wiki about them.

coindog
11-16-2011, 07:54 PM
Go to ebay and punch:
1976 canad* gold 100
into the search box. There are half a dozen listed right now. Check the completed listings and they've been selling for well over USD400. They were made in 14K (1/4 ounce) and 22K (1/2 ounce).

there are several years of 14k coins not just the '76. you can collect a series if you want. made a $100 14kt gold coin from'87-'03. after that they made them lighter w/less gold

Vortex
11-16-2011, 09:01 PM
What is the rest of the metal content of these coins? I'm guessing copper since I couldn't find any specs on Wiki about them.

Usually they alloy gold coins with Silver I believe.
14K gold the pure gold content 58.5%.

Hammerhead
11-17-2011, 11:02 AM
It's best to always stay fungible, unless you go with fractionals like sovereigns and roosters. Anything else, you may risk having to sell as numismatic or junk gold.

some_math_guy
11-17-2011, 11:26 AM
The Canadian 14K 100 dollar gold coins use silver for the rest.

Actually, that's is not the case for this particular coin; copper makes up the 41% of the balance of the coin composition in the 1976 coins.

For the other Royal Canadian Mint 100$, 200$, and 300$ coins beginning in 1977, indeed they all use silver as the 'base' metal.

There is a very noticable visual difference between coins that alloy gold with copper vs. gold with silver. With copper, the gold becomes much more 'orangey-brownish', whereas silver does not change the look of gold that much from pure .999 gold.

Although these 1976 100$ coins are rather ugly, IMO, I like them anyways. Although I do prefer .9999 fractional gold maples myself, I own 6 of these 1976 100$ coins which contain 1/4 oz gold each. They are fun coins to stack up like Scrooge McDuck :) I bought most of them for $125 each around 5 years ago, and they are very easy to buy and sell in Canada. You should be able to get spot for these coin at any LCS.

I used to have 5 more of these coins, but I had to liquidate them in 2007 to help pay for major car repairs :) I remember getting spot for them. That was the first and last time I touch my stack for any reason beyond wealth-building.

pacerbic
11-17-2011, 11:42 AM
Experience has gradually pushed me away from gold coins outside the modern gov't bullion issues - I have a hard time getting melt even for non-numismatic double eagles at shops around here (USA) much less foreign or sub-90% gold coins.

Gold is gold, so I'd do it for a good deal knowing I might take a hit on resale, but for the last few years I have stuck to buffs and maples, 24k and as liquid as all gold should be

HighInBC
11-17-2011, 01:17 PM
I have had no problem selling those coins in the past and getting melt value or above.

yellowsnow
11-17-2011, 01:19 PM
i have 3-4 of these $100 quarter ozers which were bought at spot + tax. The ones i got are from later years, they are proof and encapsulated. The silver content was free.

goldhunting
11-17-2011, 09:07 PM
you got it ....24k or 14k

24k gold like buffaloes, maple leafs

14k like rings, necklaces, etc

why? if you need to exit the country suddenly. Less taxes with 24k vs. 22k eagles, etc ...depending on where you go.

Jewelry would be the best I think, wear it all over yourself and tell security you're a fan of Mr. T. You won't get hit with that commodity law and possible confiscation.

some_math_guy
11-18-2011, 07:46 AM
If I remember correctly, the composition specifications were printed on the little paper insert that came inside the bigger brown cardboard package.

Now I am not so sure though! If the balance was silver though, why are the coins a completely different color than all of the other Canadian 100$ coins which are combined with silver?

It's also interesting to note that the 1976 100$ gold coins are similar in color to Krugerrands, which use copper as the base metal.

It's a mystery!

Where are you getting your information from? Attached is a scan of mine from Charlton Canadian Coins.

HighInBC
11-18-2011, 10:13 AM
I know my .5288oz $20 1967 commemorative gold proof has a very orange color. Much redder than a pure gold coin. It is 90% gold and 10% silver. Not sure how silver makes gold more orange, but somehow it does.

Goldbrix
11-18-2011, 12:47 PM
or hold a little over half the amount of weight in real gold which makes negotiating a fair price that much harder.

Unless the 14kt comes close to being free cost wise it aint worth all the hassle you come to to liquidate.

JMO