1901 German 20 Mark Gold Coin, Value?

[Strawman]

I have this coin, 123 yrs old, considering selling, any idea of value, is there any interest. Pls see pix.

Gold melt value around $940, however numismatic value would add significantly to this I would expect.

Apologies for the slightly crappy pictures.

 

[SteelHand]

Your melt value is off by approx $90 as it's a .900 purity coin and you've calculated the value at .999 purity. As to price, that comes down to what you think it will sell for. I like old European gold coins and have paid anywhere from -5% to +20% of spot price. They minted nearly 5.2 million of these so whilst not rare, it is uncommon but it comes down to finding a buyer who wants it at a price you are both comfortable with. If you're not sure, you could always auction it off or just set the price at spot +xx% and see how you go.

https://en.numista.com/catalogue/pieces21444.html

 

[Strawman]

Thank you SteelHand, great info. I wasnt aware it was 0.9 and not 999, however thinking about it it would need to have an alloy mix for greater durability, such as Krugerands and Buffalo's.
And thanks for the link to numista site, could well be be handy in the future.

Of course, when you happen across a coin like this you hope they only minted 10 and it was the last one in existence worth millions, LOL.

Cheers
Strawman

Your melt value is off by approx $90 as it's a .900 purity coin and you've calculated the value at .999 purity. As to price, that comes down to what you think it will sell for. I like old European gold coins and have paid anywhere from -5% to +20% of spot price. They minted nearly 5.2 million of these so whilst not rare, it is uncommon but it comes down to finding a buyer who wants it at a price you are both comfortable with. If you're not sure, you could always auction it off or just set the price at spot +xx% and see how you go.

https://en.numista.com/catalogue/pieces21444.html

 

[SteelHand]

Thank you SteelHand, great info. I wasnt aware it was 0.9 and not 999, however thinking about it it would need to have an alloy mix for greater durability, such as Krugerands and Buffalo's.
And thanks for the link to numista site, could well be be handy in the future.

Of course, when you happen across a coin like this you hope they only minted 10 and it was the last one in existence worth millions, LOL.

Cheers
Strawman

You have to remember, these were standard circulating coins at the time they were minted so the 10% copper was to give it enough backbone that it wouldn't deform over the lifetime of it's use which is good for us as they have some beautiful designs on them. My favorite is the Swiss 20 Franc gold coin, of which I have a few and the French 20 Franc "Angel" coin ranks up there as well.

 

[JohnnyBravo300]

I think Buffalos are pure 24k but they aren't coins and weren't circulated here in the US.

123 years old and worth more than it ever has been probably.
Wish I could say the same when I'm that age.