You might have some gold coins in your house that were passed down through the family. If this is the case, then you could start to think about selling them. Gold coins can be worth a considerable amount of money.
With that being said, selling them is not quite as straightforward as you would think. There are many things to consider when trying to sell gold coins, like, for example, what type you have and the condition that they are in.
To try and help you figure out exactly how to sell your gold coins and get the best profit, we will cover some of the essential things to think about when trying to make a sale.
What Types of Coins Do You Have?
So, the first thing that you need to work out is what kind of gold coin you have. There is more than one type, obviously, so it’s important to know what kind of coin you have in your possession. Let’s take a look at three of the most common types of gold coins.
- Gold Sovereigns. The first type of coin is a gold sovereign, first invented in 1817 and primarily circulated in the UK. These gold coins are some of the most recognisable in the modern day and can fetch quite a large amount of money.
- The second type of gold coin is called a Krugerrand. It originated in South Africa and is minted in 22-carat gold. This makes them incredibly valuable. Typically, a Krugerrand might be orange in design simply because there is a small percentage of copper in its composition.
- American Gold Eagle. The American gold eagle coin is one of the most popular in the world. It first came into circulation in 1986 and was minted in New York. They’re still distributed today, but owing to their gold composition, they can be quite popular among collectors and can fetch a reasonable price.
When it comes to purchasing gold, we will inquire about the condition of the coin itself. Generally speaking, those coins that are as close to mint as possible will be the highest value. Keep a lookout for dirt and scratches because this can impact the overall value of gold.
It may be worth getting them professionally cleaned, although you should make sure that you do so in a way that doesn’t damage the gold itself.
Selling gold coins isn’t tricky. There are many different types of gold coins, and they are worth a variety of different prices. It’s essential to make sure that you know exactly what you have because this will help you get the best results.
For best results, you would be wise to sell your gold professionally to someone like us because we can get you the best possible prices for it. If you try to sell on sites like eBay or via a pawnshop, you may not get the ideal price. We can guarantee competitive prices.