Would you consider a 24kt gold tiger instead of a 1/2 oz gold coin?

Discussion in 'Gold' started by RCM, Nov 21, 2011.

  1. RCM

    RCM New Member

    Joined:
    Nov 15, 2011
    Messages:
    15
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Space City USA
    I was at my local dealer's place on Friday and was interested in some fractional gold, since he doesn't really charge a premium for it.

    While there, I noticed he had a 19.7gram 24kt Gold Tiger among the rest of his fractional gold. He said a middle aged gentleman had come in to sell it recently and told him it was a gift from his mother when he was a boy. Apparently, she had traveled to India at some point and brought it home as a gift.

    The tiger was appoximately 8cm long and 3 cm tall and weighed 19.7 grams. It was really sturdy and striking piece. Since it was 24kt, it had a really nice color, similar to a Canadian Maple. I had the dealer confirm it was gold by testing it in front of me.

    So, my question is would you buy it? If so, why? If not, why not?

    My concern is that when I decide to sell, I may get discounted b/c it is jewelry and not a real coin.

    Thanks in advance for your comments.
    :cool:
     
  2. Iluvnumbers

    Iluvnumbers Member

    Joined:
    Dec 19, 2010
    Messages:
    413
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia/Adelaide
    Wow , given the size you have described (8x3 cm) and under 20g, it does not sound like gold at all, be careful.
     
  3. Loxmyf

    Loxmyf Member

    Joined:
    Jul 28, 2010
    Messages:
    610
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Canberra
    I read that as an actual figurine of a tiger, not a solid 8x3 shape.

    The legs will be a lot lighter than the body, but still part of the 8x3 dimensions.

    So not suspicious at all.
     
  4. null

    null Member

    Joined:
    Feb 25, 2011
    Messages:
    225
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Sydney
    Gold density = 19.3grams / cubic centimeter. From what you have described, 80mm x 30mm, then it cannot be more than .4167mm thick.

    19.7grams being a little over 1 cubic centimeter of gold.

    This is just rough maths.
     
  5. TheMineTech

    TheMineTech New Member

    Joined:
    Aug 16, 2011
    Messages:
    237
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Montana, USA
    steer clear...
     
  6. RCM

    RCM New Member

    Joined:
    Nov 15, 2011
    Messages:
    15
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Space City USA
    Ok, ignore the dimensions. I am probably off as I was trying to convert from imperial to metric. I realize now I was wrong.

    It was probably 5cm x 2cm.

    Regardless, assuming it's real, would you have any issues purchaisng instead of a gold coin or similar weight?
     
  7. Diablo21

    Diablo21 Member

    Joined:
    Jun 22, 2011
    Messages:
    780
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Canada
    I'd probably buy it if I thought it was cool enough, but that's just me...
     
  8. Iluvnumbers

    Iluvnumbers Member

    Joined:
    Dec 19, 2010
    Messages:
    413
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia/Adelaide
    RCM, did you notice if it was stamped 999 or 24k?
     
  9. jnkmbx

    jnkmbx Well-Known Member

    Joined:
    Apr 8, 2011
    Messages:
    1,700
    Likes Received:
    54
    Trophy Points:
    48
    Location:
    Sydney, Australia
    Assuming it is genuine, I still wouldn't buy it due to its perceived liquidity.
     
  10. Guest

    Guest Guest

    Liquidity Liquidity Liquidity, if that's what your really after then don't buy it. If you love it and don't mind the potential for a small amount more effort in selling then go for it...Gold is Gold after all.
     

Share This Page