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Evaluating the Value of a Coin

Evaluating the Value of a Coin

Assessment

Interactive Video

Business, History

7th - 10th Grade

Practice Problem

Hard

Created by

Emma Peterson

FREE Resource

A person visits a pawn shop to sell a gold coin inherited from their grandfather. The coin, a Spanish Dampier, is evaluated by an expert who confirms its authenticity and values it at $18,000. Initially, the seller hoped for $2,000 but is surprised by the coin's worth. After negotiation, the seller agrees to sell the coin for $11,000, feeling satisfied with the outcome.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where did the seller acquire the gold coin?

Bought at an auction

Inherited from grandfather

Found in a treasure hunt

From a pawn shop

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is unique about the coin's characteristics?

It is made of silver

It has a perfect round shape

It is a modern coin

It has the right amount of gold, weight, and purity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was called to evaluate the coin?

A random customer

The seller's friend

Karl

Rick

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Karl confirm about the coin?

It is a fake

It is made of silver

It is absolutely genuine

It is from the 1800s

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the weight of the coin as confirmed by Karl?

20 grams

30 grams

27 grams

25 grams

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial price the seller hoped to get for the coin?

$5,000

$10,000

$2,000

$18,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the final agreed selling price for the coin?

$10,000

$11,000

$18,000

$12,000

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