How To Sell Gold Coins - Facts You Need To Know
If you are looking to sell gold coins, it would be to your advantage if
you are well-aware of the bullion and numismatic values of the gold.
An extensive knowledge of grading and evaluation of rare coins
would be easier for someone to sell coins. Standard bullion coins
like the American Gold eagle can either get sold for more than or
less than their base gold value. The pricing will depend on the
supply and demand as gold prices are being tracked daily for
fluctuation. The popular coins that are fast and easy to sell include
Canadian Maple Leaf, American eagle, and kruggerands. If you
happen to own any of these coins then you are lucky indeed as you
can make a fortune selling coins.
sell gold bullion
How much can you sell gold coins for?
Firstly, you have to do an inventory of what you have, and what kind
of gold bullions you own. Most coins are not 100% pure gold. Some
would range from 40% to 99%. Canadian maple leafs are among the
world's premier gold bullion coins, and they are the best selling 24-
Karat bullion coins and contains 99.9% gold. American gold eagles
contain 22-karat gold which means they contain about 91.6% gold,
and 8.4% of a copper-silver-alloy. Krugerrands are also one of the
best selling gold bullions ever. Like the gold eagles, they also
contain 22-karat gold, being alloyed with copper. Secondly,
determine the size and weight of your gold coins, as it comes in
different sizes. Thirdly, know how to price your coins.
One way to determine the value of your coins is to check the regular
pricing from the US and London Futures Market every business day.
They usually quote for the price for a large volume of coins. This is
what they call the "spot" price. It is similar to a wholesale price. So
if you are trying to sell gold coins to bullion dealers or gold coin
stores, it would be reasonable for them to quote you with a higher
rate than that of the spot price.
How to find a buyer for your coins
There are reliable resources to use if you want to sell gold coins.
There are services called "exchanges" where you are allowed to
advertise your coins. Another famous option is selling it through
eBay and other famous auction sites. However, if you are not an
experienced seller yet, you may want to skip this and just go for the
most convenient method. You can just go directly to gold buyers
online. Needless to say, you have to do your research well and
compare notes as to be able to come up with the best deal to sell gold