Selling Gold Coins
Do you have gold coins that you would like to sell for some cash? Have you wondered how much they are worth or even how or where to sell your gold? Gold bullion coins command a higher price than gold jewellery because the value of gold bullions coins is certified by the refinery who makes the coins.
A lot of gold bullion coins have what is known as numismatic value. This is the value that is often referred to as the collector’s value. This means the coins are valued for the gold, the craftsmanship, the rarity and their provenance. If you have numismatic coins the best way to sell the is to take them to dealer who specialises in numismatic gold coins and not a bullion dealer. A numismatic coin dealer or collector will appreciate their true value. Collectors will pay to have rare coins that are well crafted and have a long history.
How should you go about selling gold bullion coins?
When it comes to gold bullion coins, the things that matter to a numismatic coin buyer will not matter to someone who deals in bullion. Gold bullion dealers buy gold coins for the value of their gold. However, they also may take into account things like the rarity of a coin, the quality of its craftsmanship etc. because these factors matter in the overall pricing. Gold bullion dealers like Australian Bullion Company.
Get as much information as you can. Knowledge is power. You should not sell gold coins until you know all there is to know about them. Have the coins appraised by more than one dealer to compare the different offers. You should also follow the current market trends.
Make sure you know your dealer. Don’t be pressured into selling to the first dealer you come across. Take your time and shop around. Be prepared and don’t be afraid to negotiate.
To find a reputable buyer like the Australian Bullion Company you can check public recommendations and sites like the BBB. Call the companies up and find out as much as you can about how they conduct their business.
Read trade publications and speak to coin collectors and auctioneers. The best way to learn about the gold coin market is to speak to people who buy gold coins. There are a veritable source of information and may just make better offer for your gold coins.
How is the gold price determined?
When you take your gold coins, the dealer will first determine if they are real. The coins may be tested to determine if they are real gold. The coins will be weighed to determine the gold content. When he is satisfied about the authenticity of the gold, the dealer will ask for documents proving that you are the rightful owner of the coins.
Is this the right time to sell gold coins?
The price of gold has been going up and everyone has been saying that this is the best time for gold investors to cash in. Not exactly true. Gold coins aren’t the same as other gold products. Their price is controlled not only by the price of gold but other factors. If your coins are rare or in demand, they will command a high price if sold to the right dealer. But the truth is, there is no good time to sell gold coins except when you really need the cash.