Slightly damaged gold coin

[srnec]

Hello guys, sorry for the weird question but I am beginner in stacking gold and silver. Yesterday I bought 1 oz gold phillharmonic from munze ostereich and as I was unpacking it I accidentally dropped it on the table causing very slight scratch on the edge of the coin. Is that gonna be a problem in the future when I try to sell it? There is a picture of the coin in an attachment Thanks

[Alex944]

Hi there and welcome to the forum! Also, great start with a 1oz gold of your stacking journey!

That is unfortunate, but I would say it doesn't matter all too much since the coin you purchased is not necessarily a coin that would already hold a premium. 1oz gold is 1oz gold, I think you'll still be able to sell it for 1-2% above spot price once you want to get rid of it. Plenty of people don't mind a slightly damaged coin for a good price. 

There's quite some dealers that offer ''best value'' coins, which are usually coins like yours, no longer in perfect condition. That doesn't deter people from buying those. 

All the best,

Alex

[GBStacking]

Welcome to the forum.
I cant speak for everyone, but I'm a bullion guy and that's a bullion coin. It wouldn't put me off buying it. I have a few coins that are a little beat up and a 10oz bar that's seen a bit of action. Still has it's intrinsic weight value though.

[GoldStatue]

That's a bullion coin so a slight dink like that wont effect its value.

If you do buy a proof coin or a coin with some numismatic value them I wouldn't handle it with your bare hands like you are in the photo, it's best to leave it in a capsule. A fingerprint or a piece of dust would lower its value considerably and dropping it would turn it into a bullion coin.

 

[srnec]

Great. Thanks for replies fellas

[Smiler999]

Same happened me with a 1oz brit, ding on top of it but coin is still complete so yeah lol

[StackemHigh]

As long as the weight is good then so is the coin.

[stefffana]

Ha, ha! Don't worry, don't sorry! Any stacker should have a damaged coin in his stack. That special coin and only that one will be handled thousands times by your children, to let them feel the smell and taste of gold! I can imagine you and your kids: "Dad, may I touch your coins? / Yeah, take THE COIN and play half of hour! Wash it after and put it back."

But if is a big problem for you and you really want to have a perfect THE FIRST, I can buy it from you at spot price today. 😁😂😃😄😅

Cheers and keep stacking!

Stefan.