Gold Bullion Condition

[johndoe]

Hi

i have a gold Britannia that I bought some while back and I keep this in my safe at home in a sealed plastic bag. I want to take good care of the coin as it’s important to me. My question is, will the coin always retain its gold value regardless of any damage it may sustain? 
 

Thanks

[SeverinDigsSovereigns]

Theoretically. However, when a bullion coin is damaged beyond a certain threshold it becomes less desirable, and it may be treated as scrap gold. Almost all dealers recycle scrap gold well below spot, and you can't really find a private individual who's willing to pay spot price for a very damaged coin instead of a brand new that js £50 more expensive

[AaaGee]

2 hours ago, johndoe said:

Hi

i have a gold Britannia that I bought some while back and I keep this in my safe at home in a sealed plastic bag. I want to take good care of the coin as it’s important to me. My question is, will the coin always retain its gold value regardless of any damage it may sustain? 
 

Thanks

Just make sure it doesn't sustain any damage. Maybe put it into a capsule for extra protection.

[Silverlocks]

3 hours ago, johndoe said:

Hi

i have a gold Britannia that I bought some while back and I keep this in my safe at home in a sealed plastic bag. I want to take good care of the coin as it’s important to me. My question is, will the coin always retain its gold value regardless of any damage it may sustain? 
 

Thanks

 

18 minutes ago, AaaGee said:

Just make sure it doesn't sustain any damage. Maybe put it into a capsule for extra protection.

This.

You can get a packet of capsules for a few quid off various sellers on Ebay, or there's an outfit called Dauwalders that you can also order them from online.  The brand is called Leuchtturm (Lighthouse), and you can get a box of 10 for a few quid.  Look through the site and find the ones the right size for Brits.- (33mm from memory)

Edited November 11, 2023 by Silverlocks

[johndoe]

Thank you for your support it really does mean a lot to me.