Precious Thoughts Episode 006: I Tried to Assassinate a Krugerrand

TRIGGER WARNING! Graphic violence towards a Krugerrand is depicted in this segment.

After taking some serious damage, we take this Krugerrand to two coin dealers to see how the value is affected. Both of us were surprised by the results, and you might be too! Follow along with us for a day of destructive experimentation.

We also discuss why buying AND selling to dealers is better to do in bulk, today's premiums for gold coins in mint condition vs lightly circulated vs damaged, and the ethics of this experiment.

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Devil's Organ by Jimena Contreras is licensed under a YouTube Audio Library License.

Loss by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100171

Artist: http://incompetech.com/

DISCLAIMERS/TERMS/RULES: We are not professional financial advisors, nor do we offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice. This channel adheres to Google and YouTube's Terms of Service, Privacy Policies and Community Guidelines.

Topics Discussed: gold, silver, constitutional, store of value, currency, money, Krugerrand, destructive experimentation, ethics of destruction of money, circulated currency, mint condition, price value, premium price, spot price, visiting coin dealers, today's price for gold, paul kruger, economics, inflation, currency, fiat, dollars, precious metals, gold coins