Moin, I'm 17 now, and I will soon be 18, I received a coin from my grandma for my confirmation that I can keep and if I need something, I can sell the coin.
It is a 999 gold 50 dollar Canadian coin.
According to research it is worth around 1600-1700.
I will soon get a pc again (I recently switched to iPad) but now I miss the gaming aspect, thought I can get by with a Ps4, CSGO and so I'm missing: /
Is now a good time to sell the coin or should I wait another six months?
Thanks for answering, unfortunately I have no idea about that.
The gold price is currently tipping! The peak is over…
If you "have to" sell I would be more likely to sell now than in six months. I guess it keeps falling!
My recommendation for sales:
https://www.scheideanstalt.de/
This can also be done via post and is serious
Half a year is a relatively short period of time. It's hard to say anything. In the long term, however, the prospects for gold are clearly positive. The central banks of all countries increase their money supply without stopping. Gold can only go up there.
I would save the coin for really bad times.
If you buy one of these computers now, the coin will be gone, the computer will be out of date in a year and that's it.
If you still want to give them away, you can do that now. Gold is trading pretty high right now. Of course, you can't say whether it will be higher in six months. But since it is already quite high, I'm thinking more of a drop in prices.
The gold price is currently at the same level as it was 10 years ago. From a purely chart perspective, this would be a good time to sell. (Even if the rate was a little higher a few weeks ago)
But you should think twice. It was a personal gift from your grandma. In two or three years, consumer electronics will be worth nothing. The coin will always have a certain value. It is therefore more of a long-term store of value.
I would treat them as an "iron" reserve and only sell them when there's a real need for them. Until then, it's a memento of your grandma.
Ten years ago gold was around 34 euro and now it was 48 euro. You are slightly mistaken:
https://www.edelmetall-handel.de/kurs-charts/?metal=au&period=10y/
I only took a quick look at the chart because about 10 years ago the last peak was about the same as the price today.
About 45 euro was around seven years ago! But if you look at the dollar chart it looks different again because of the exchange rates. However, I earn € and not $ so that the € chart is more important for micvh.
As I said, take a quick look at a long-term chart, the basic message remains: It has been a while since the gold price was as high as it is now.
It's not just about the gold value! It is a collector's coin and, depending on the condition and number of mints, it can increase in value every further year. The fact that it is made of gold only increases the possible increase in value. Keep it as long as possible!
The comment is in principle justified. But 50 Canadian dollars is the face value on the classic Maple Leafs from Canada. This is a widely used investment coin for 1 oz fine gold. They are traded at gold value regardless of the year. (They have always looked the same for decades)
What kind of picture on the back, which year?
I don't know what you mean by backside, one is Queen Elizabeth and the other is a Maple Leaf, vintage 2011
