Where To Sell Gold Coins

You do not have to gather gold coins or invest in them to have them. Many people get gold coins regularly without having any interest in them, beside a question they keep asking themselves : how to realize a profit gold coins.

There are many options that you can choose from. Besides online sites you can also explore the offline means. Here we explore the other ways of selling gold coins.

Pawn / shipment Shops

These have been the preferred medium of trade in gold since the olden days. Go to any city and you will be in a position to spot them. Though you may get a smaller amount for your gold, you may be assured that you will get the money instantly.

Online Auctions
You can visit any one of the many sites for your purpose. But you have got to identify the right sort of buyer. You will get a good price here.

Gold Refiners
They are definitely the most suitable choice. You can deal with them from the comfort of your own residence. Here, you've got to ship your jewellery to the refiner in a safe and secure way. Once the refiner receives the jewelry, he'll rate it and make an offer, which you can accept or refuse. At times , some negotiating is also concerned. Once the price is agreed on, you get the check.

Any gold coin or any coin made of any dear metal has two parts of its worth : the gold price and the numismatic value ( for bullion gold coins it can be just a premium on the gold price in percents ).

The numismatic value of a coin can notice the effects of many factors : its grade ( condition ), its mintage ( the amount of coins issued ), and its year of issue ( how old it is ). So clearly, an older gold coin in perfect condition minted in very small number will worth a lot more than some modern gold coin in poor condition minted in great number - that easy.

Before you hand your coin to any of the places discussed above, you should find out the right value for your gold coin. The simplest way to do it is to have a coin catalog and having the ability to grade your coin suitably, and if you had one and were capable of doing coin grading, you most likely would not be reading this article.

You can start with asking your local coin dealers, they may not give you the right price, but at least you'll get some idea of what your coin is, what grade it is in, and what it's worth. Going to a jewelry shop can be justified only if you do not have any coin dealers around - they may know about numismatic price of coins, but generally, they just give you their gold worth, which can be relatively little compared to their numismatic value. Going to a pawnshop can hardly be justified at all, but I assumed I would mention this place anyhow, at least in the sake of fairness of the subject.

After you were given some idea of what your coin is worth, you can make a bit more research to find about the price of your coin. You can naturally just Google it, which is an wonderful good start, but an alternate way of doing it is using eBay. Go to eBay, find the coins and paper money category, and search for your coin ( you should know that much after you have seen your coin dealer ). Looking among current lists won't be enough - so click sophisticated search, tick completed listings only and do search again. That should give you a better concept of what similar coins are getting sold for.

You can consider using help of coin forums as well . There're plenty online ( as an example CoinForum ), and folks on those forums can be awfully professional and useful.

keep in mind that coin grading may have an effect on the price seriously and if the coin dealer you saw related that your coin is in the fine grade ( VF ) and worth around $100 and you discovered that an identical coin in the additional fine grade ( XF ) was sold for $300, you could have had your coin priced in the right way.

After you've got a better concept how much your coin is worth, you can start seriously considering selling it. They're obviously 2 ways to go : if your coin dealer offered you more than you found you can get on eBay, than go to your coin dealer. Otherwise, sell it online ( eBay or other online auctions ) - you even can consider selling it for $1 no reserve ( eBay only ) - there's a whole lot of people who made their business to watch gold coins auctions continually, so your coin will get sold for a reasonable price anyway ( do not do it if you don't feel adventurous ).

Just remember one other thing : some of the coins have varieties, which are miniscule distinguished features of a coin that will make it worth a ton more than its usual opposite numbers, for example : one number in the coin year is longer than other number, or space between two letters isn't the same as between other letters.