Expert: Brad Swain - 11/9/2009

Question
QUESTION: one troy ounce gold coin is graded Mint State 68, (MS-68) by the Numismatic Guaranty Corporation, the Official Grading Service of the American Numismatic Association

Whats the current value for this coin and how much can I sell them for

ANSWER: Hi Chantal, There were 23,000 of these Chinese 100 Yuan 1 ounce gold coins minted that year and it may be worth about 10% over its gold value depending on amount of collector demand.
Gold and silver values: http://www.kitco.com/market/ .
You might try Ebay.com for similar pieces for comparison.
Brad

---------- FOLLOW-UP ----------

QUESTION: thx for the quick reply but I really don't understand the kitco and I look on google and this is what I found can you tell me if its accurate thx http://www.pandaamerica.com/details.asp?item=7248&grp=1&categ=1

Answer
Hi Chantal, the PandaAmerica price is what they are selling theirs for. They would buy the coins for a lot less than that in order to make a profit.
Kitco is quite simple. It tells the current value of 1 ounce of gold which is what you have. Gold is currently at $1108 an ounce so 10% above that would be about $1220 (1108+110.80). The price you receive depends on how bad the buyer wants it and is willing to pay (market value). Only the careless buyer would but one from the PandaAmerica site without shopping around first for a better deal. You might try Ebay.com for similar pieces for price comparisons.
Brad