Matthew S. writes: My wife and I were given a gold coin as a wedding present from a friend of ours. We are trying to get this coin appraised and so far are not happy with the reply we got from the first dealer we showed it to. The coin is a 1904 10 Korona Gold coin (4 grams of gold) It’s not in mint condition…probably fair to fine at best. What is the approximate value of this coin?
This is a Hungarian 10 Korona. The coin was and still is a gold trade unit and was a method by which countries paid their debts to each other. This coins are essentially bullion items.
The coin’s value lies exclusively in its pure gold content which is 3.3875 grams or .0980 of a troy ounce of gold. If you multiply this decimal against the world gold price, you will get the approximate current value. (example: If gold is $1200 per troy ounce. 1200 x .0980 = $117.60.). By the way, these coins are available in quantity for purchase by gold investors. They are usually sold in tubes of 50 or 100.
There are scarce dates of this coin. For example, those dated 1912-14 bring about a 100% premium. The key date for the Hungarian 10 Korona is 1915. That one brings between $3,000 and $4,000 in high grade.
