Buy Gold Info

Sell Gold Coins

Are you looking in to selling gold coins and profiting from the record high gold prices? When you invest in gold coins, there are probably several reasons why you had to do so in the first place. Those reasons also become a crucial factor when you begin to sell them in the market for a profit.  A lot of buyers of gold coins do so for a variety of reasons just as there are several types of gold coins in the market. When you bought your coins, was it for its future investment potential, the rarity of the collection, or is it for the design and beauty of the coins for which you bought them? These same reasons will also affect the type of costumers that you will have and the amount of profit that you can get out of those coins.

Gold is usually thought to be a good investment as its price or value in the market never fails to be valuable for any necessary expense that you may want to make. The currencies of the world may be at a low or high exchange rate depending on its performance in the market but gold is always at the top. To site a clear example, gold has always had its value made in terms of its weight, against the value of the US dollar. As the value of gold goes up, the dollar’s value drops.

This is one of the reasons why some people purchase gold for the simple reason of securing a better financial standing in the future. Gold never comes out of good value and they always have a ready buyer in the market. These types of buyers usually go for gold coins in bullion form. They go for the actual value of gold in its weight and not for their particular design or rarity.

If your gold coin is the same type as above, then you should expect to sell the gold for its current market value . You can also read more about the value of gold coins at this post. Just find the current price of gold in a particular weight such as grams then multiply that with the weight of your gold coins.

If however, your gold coins are made for some commemorative event or has a very interesting design, then you can sell that over and above the price of gold per weight. Some collectors are ready to buy them at your price and even much more than that if it is one of those hard to find editions of the coin. Some examples are the Saint Gauden’s double eagle and some other commemorative coins. You can also try some of the more rare editions gold coins issued by various mints all over the world. But the most sought after would be those from Canada and the USA.

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So if you are thinking of selling your gold coins, you should take into consideration if you are selling some bullion coins or other commemorative gold coins which will cost more than the former. The type of your product will mean a difference to the amount of profit that you can make out of them.

Gold Coins as an Investment

Have you ever considered purchasing gold coins as a long-term investment strategy? People usually think that buying gold coins is one expensive hobby that is only for those who are foolish enough to spend their money on such things. However, what they do not know is that gold coins can also be a secure form of investment which will surely be worth their purchase price today and for years to come.  Gold coins not only have that precious metal content which determines its value, its designs also is one which will make it worth more than double its price in the future. So it’s not a bad investment after all.

There are various minting stations in the world which produces these gold coins. But the most trusted of them would be those which are owned by their respective governments. They produce only hundreds of such coins since it is not supposed to be used for circulation and neither is there such a great demand for it as those of the circulated coins.

What determines a coins value is the karat of the coin or the parts of gold per thousand and the weight of that gold that is actually contained in it. There are several coins which are made from 999.9 percent gold which is considered to be the highest type of gold karat. Others are made from 997 or 995 percent gold which commands a lower price than that of the purer forms. Gold coin weights come in ounce, half-ounce, quarter of an ounce and one-tenth of an ounce which makes it pretty easy for one to determine its price unlike that of gold jewelries which have varying gold weights. Coins are made in these standard forms through the different countries in the world.

The amount of gold or its percentage in a gold coin will also be a valuable asset since the purer the gold the higher is its price in the gold market. Gold coins can be in 24 karat, 22 or 20 karats. Some of the purer coins are the Canadian Maple Leaf and the American Buffalo coins which are made from 999.9 percent gold. They are much more malleable than the other coins but since they were not made to be manually handled, that should not be a problem. There is also the Austrian Philharmonic which is also 999.9 gold. The South African Krugerrand and the some Australian coins are made from 995 gold which is a bit cheaper than the former purer types of coins. A popular gold coin with less gold content is the 2011 Proof Gold Eagle. This coin has a composition of 91.67% gold, 3% silver, and 5.33% copper. The 2011 Gold Eagle coin began being produced at the U.S mint in April 21, 2011.

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The design of a coin and its rarity will also help increase its value in the market. Those which are produced in limited quantities will command a higher price than the more common bullion coins which are mainly for investment purposes. The less of it that was produced, the higher would be its selling price for the collectors who value them.

The value of gold has been continuously on the rise for the past decade and the record for the past 50 years has shown that it will be one of the most important investments that will continue to improve its value as time goes by.

Gold Coins Value

The value of gold coins is largely dependent on the amount of gold found in the coin. Gold is one, if not the most precious metal in the whole wide world.  Along with platinum and silver, gold is a precious metal for its rarity. It has been used in our everyday lives like in trade – present in coins, in beautification and adornment -jewellery and house decors – and in science and dentistry -dental gold. Gold’s worth could be seen as it has been used during the ancient times, from the Egyptians, Chinese to Aztecs. The Roman Empire used gold as coins. The king or emperor of the Roman Empire wanted to devalue this gold coins by putting in metals or lesser worth.

Apart form it’s rich history, gold has been invested upon through bullion. It has taken the forms of coins, gold wafers and gold bars. Many investors and collectors turn to gold for their earnings to increase. One of the best gold coins is the Canadian Gold Maple leaf. It has been praised not only for its value of .999 or 24 karat, but also for its magnificence and beauty in design.

There are many gold coin collectors. However there are many aspects that determine the authenticity and value of a gold coin. The factors that settle on this are its rarity and age. The rarer and the older the coin is, the higher the price value a collector will get for it. Another factor that would decide on a gold coin would be its condition. Also, the number originally minted determines the price value of a certain gold coin. There are also bullion coins, which are precious metals, which have been formed in bulk and are usually traded in commodity markets. Although becoming a rarity, many countries still mint bullion coins. They usually weigh and come at around one ounce or, a half ounce or quarter of ounce, or a tenth of an ounce and even in a one twentieth of an ounce. Bullion coins are often valued under its mass and purity and not by its face value.

Gold also has been used as a decorative furnishing. It has been used in jewellery and even in house interior decorations. It is one of the strongest metals, strong yet it could easily be formed. Apart from this, many invest in gold as decor for its ability to maintain its gleam and shine and its capacity for easy preservation for it to be still sparkling and looking great.  What more, gold does not easily tarnish, nor rust nor corrode, making it good for jewellery and other pieces of adornment.

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Many of the most popular gold coins available right now for purchase are the American Eagles, Double Eagles,  Australian Sovereigns, Australian Kangaroo, British Sovereigns, Chinese Panda, Austrian Philharmonic, African Krugerrands, and the Canadian Maple Leaf. Click this link to learn more about the best gold coins to buy.

Best Gold Coins to Buy

If you are looking for the best types of gold coins to buy it’s important to know there are several reasons why coins become a favorite thing to collect among serious investors. First, there is the beauty of the design; second, is the rarity of the coin; and third, is for its value. These various reasons provide the basis for how a person is going to choose the items that he would like to collect or have in his possession either for showing to his friends or for securing his wealth.

Gold coin collecting has been done for several hundreds of years now by people who can afford to buy them and also who value them as assets.  Some of the most famous collector’s items are the Canadian Maple Leafs, the American Eagles and Double Eagles, the Australian and British Sovereigns, the Chinese Panda, the Austrian Philharmonic and the African Krugerrands.

The Canadian Maple Leaf can be said to be one of the finest types of gold coin that is available on the market today.  This coin is made of 999.9 percent pure gold which makes it one of the purest gold coin produced by a country. This was created on 1979 and is one of the first countries to ever produce a fine gold coin aside from the Krugerrand.

The American Eagles and Double Eagles are also a favorite collector’s item. The Saint Gauden’s Double Eagle is which was produced on 1927 is also a must-have for any avid collector of gold coins. These coins are available in one ounce, half-ounce, and quarter-ounce weights.

Australia has two particularly interesting gold coins: the Kangaroo and the Sovereign. The Kangaroo is made of 999.99 fine gold also and comes in different weights. What is interesting about this item is its beautiful designs. The Sovereign is also a hit with collectors with its exquisite image of Queen Victoria.

The Austrian Philharmonic is also one of the best gold coins to buy. It features the largest organ in Vienna and also represents the Austrian Philharmonic Orchestra which is considered to be one of the best in the world. You can also try collecting the 100 and 20 corona which was issued on 1914. It is also made from 999.9 fine gold.

The British Sovereign is also considered to be one of the best in design in the coin collector’s profiles. Some of them also features two types of metals which is peculiar with national gold coins. These coins are made from 916.6 gold which is a bit lower than that of the Canadian Maple or the Australian Sovereign.

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The last is the Chinese Panda which is valued for the different designs that they are issued with and the high quality of gold that they contain. Most Chinese Pandas are issued with a 999.9 percent of gold and they differ the design yearly which makes it quite an interesting piece to acquire.

For those who would like to collect gold coins for their beauty, rarity and value, these coins are those that are highly recommended for collecting. The type of gold and the delicacy of the designs make them one of the most valuable coins to own for your collection.

Buy Gold Coins in India

Interested in buying gold coins in India? India is one of the top consumers of gold in the world so it is little wonder why they have a large amount of gold sold in the market.  Gold is considered as a part of Indian life since it serves various purposes from a person’s birth up to his death especially during marriage where the bride and groom are both required to present some gift to each other – gold being considered the best of them all.  The Indian market has a lot of special boutiques and shops which sell gold just like they sell peanut on the market.  The abundance of supply and the many skilled artisans that can be found especially on the capital on India contributes to the high availability of this metal in the market.

Gold coins however are a different thing.  Indian coins have not been used in circulation for a long time now and has if you are looking for a rare antique gold coin, you may need to have a guide with you who specializes in identifying genuine gold coins from the fake ones.  There are a lot of sellers of such things in the market and you may never know when the coin is real or not.

So to make sure that you are getting a genuine gold coin, you should buy them from banks.  Gold coins are sold in four, five, eight, 10, twenty, and 50 gram variations in Indian banks.  Most of them are made of 24 Karat gold hence it is rare to buy something lower than that.  The banks that you can buy them from are the Bank of India, which is its national bank, and the Bank of Baroda which is of international circulation. As of this date, the coins are priced as follows: 4 grams = INR 11, 630; 5 grams = 14, 573; 8 grams =23, 102; 10 grams = 28, 914; 20 grams = 57, 285; 50 grams = 139, 765.

There are also gold retailers and local jewelers which deal with gold Indian coins which can be found through its various dealers – and you can buy them at a lower price – but the assurance of the genuineness of the coin is at stake.  Although these dealers put a lower cost upon gold, some of them do not put a premium on selling real, authentic 24 Karat gold coins.

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If you would be buying gold coins from such sellers, you should be ready with sufficient knowledge about how the buying is done with such agents.  You should know what they have in store and how much the present market rate is for such gold coins.  Some may even tell you that they have some rare old coin but always be on your guards for such trades.  Knowing somebody in the area will be a good thing since they will be the ones to know if these traders are selling real coins or not. But the best way to buy your gold coins would still be through the national and international banks in India.