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

R

RCM

New Member
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:
 
Iluvnumbers said:
Wow , given the size you have described (8x3 cm) and under 20g, it does not sound like gold at all, be careful.
Click to expand...

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.
 
RCM said:
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:
Click to expand...

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.
 
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?
 
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.
 
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