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When To Sell Gold Coins?
Old 05-11-2006, 03:12 PM   #1
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When To Sell Gold Coins?

My Dad left me 5 Kugerrands. I have kept them for sentimental reasons; I do not even consider them in my "portfolio". I also have no great use for them, they do not provide any income. I can just hold them forever and pass them on to my son but this is a generic commodity so I do not feel like they need to be passed on as much as their value used or passed on as appropriate.
Seeing as gold has risen to a high level, is it time to sell? I generally don't believe in timing I DCA into index funds, but this would be a case for timing. As the coins were a gift I mentally want to keep the funds separate even though I know rationally that money is fungible. Not to sell is also a decision to hold. Anyone have inherited such items and had to decide whether to hold or when to sell?
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Re: When To Sell Gold Coins?
Old 05-11-2006, 03:56 PM   #2
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Re: When To Sell Gold Coins?

The fact he gave you coins meant he believed in them as a store of value, so you could always buy GLD/NYSE with them, and let your son have the proceeds of their sale in the future.??

Other alternatives could be buying shares in a Gold company, and giving proceeds to your son.?

I have several Gold Chains, 22 karat, bought in Saudi Arabia, they were /are for our sons, we never gave them to them because they would have ended up around some girl's neck.
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Re: When To Sell Gold Coins?
Old 05-11-2006, 03:59 PM   #3
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Re: When To Sell Gold Coins?

Its a small part of your net worth and it is a tangible, physical momento from your dada. Why not just chuck them in a drawer until it is time to hand them down to your son? They might be a generic commodity, but they are also something your dad gave/left to you, which I would imagine means more than whatever the coins are worth any day of the week.
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Re: When To Sell Gold Coins?
Old 05-11-2006, 04:06 PM   #4
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Re: When To Sell Gold Coins?

Quote:
Originally Posted by brewer12345
Its a small part of your net worth and it is a tangible, physical momento from your dada.* Why not just chuck them in a drawer until it is time to hand them down to your son?* They might be a generic commodity, but they are also something your dad gave/left to you, which I would imagine means more than whatever the coins are worth any day of the week.
I feel the same way about my dad's & FIL's slide rules and other eBayable hand-me-downs...
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Re: When To Sell Gold Coins?
Old 05-11-2006, 04:10 PM   #5
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Re: When To Sell Gold Coins?

Quote:
Originally Posted by Nords
I feel the same way about my dad's & FIL's slide rules and other eBayable hand-me-downs...
Yeah, when my dad is gone, we will doubtless liquidate much of his stock (jewelry), but I imagine that all of us will keep at least a few pieces as momentos.
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Re: When To Sell Gold Coins?
Old 05-11-2006, 06:30 PM   #6
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Re: When To Sell Gold Coins?

the problem selling gold privately is you never get the worth....even here in new york city local dealers offered me 20 % below spot for my gold eagle and pandas..i ended up trading them into deak international a big currency and precious metals dealer and even there i took a beating...
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Re: When To Sell Gold Coins?
Old 05-11-2006, 07:04 PM   #7
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Re: When To Sell Gold Coins?

Unless you really need the cash, just consider holding them forever ... your Dad probably did see them as a valuable store of value, and they are a nice hedge for a rainy day.
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