Posts Tagged ‘gold coin value’

People may perceive the Value of Gold Coins differently

Sunday, January 6th, 2013

Since the coins which we collect are made from such a valuable commodity there is actually a benefit beyond the rarity, if it is an old coin, or the ability of it to help complete a specific collection. This is relatively sensible if you think about it, I mean how many hobbies actually can say that? Being produced from gold is an appealing aspect of collectors however they are likely to have other reasons for showing an interest, and a willingness to spend some decent cash in order to acquire them. This was apparent at one of the coin shows which we attended late last year as there was indeed plenty of interest in everything including the lower priced gold bullion coins merely because they are made from gold.

There are always going to be those people who say that gold has reached the highest value which it is going to and that the value of many of the coins will drop as a result of this. However this is only an opinion and not anything for sure so the speculation continues in this area. This is great because it really keeps things interesting and when you are at an event like that coin show was you get to see a lot of first hand evidence of just how things really are. This was fun, as are most of the events, but it was interesting because in the news at that time you could hear even more naysayers as we call them saying how the 5 dollar gold coin value was down and it was time to sell. Now, not too many actual collectors were there looking to sell because of the price of gold which is usually the case.

Those who were selling were coin dealers for the most part since that is their business. They will buy and sell all types of coins, not just gold ones, at every event no matter what is in the news. This is however also the place where they are able to acquire some very nice coins because those who are selling, for whatever reason, are also going to be of the mindset that the show is where to get this done for the best possible price.

There is a good deal of logic to this way of thinking and we usually find something of interest to buy as well. At that particular show we found a few 5 dollar gold coins for sale which we had been looking for which was a really nice surprise. These were for sale by someone who had no doubt decided that it was the best time to sell their coin collection and many of the gold pieces had appeal to other collectors who did indeed pay a premium price in most instances. This is just the way it goes at these kinds of events. Some people are there to buy and others are there to sell based on their perception of either news stories or the current gold coin values. This is very typical yet it is always a lot of fun too.

Points Gold Buyers look at First

Sunday, April 1st, 2012

When you have your gold coins or other items assessed for their value there are a few points which play the most important role in the process. Anyone buying or selling these should be aware of the current price of gold on the market at that particular time. As you know, the prices will fluctuate constantly so by simply double checking this you will certainly be in a good position to deal with the buyer simply by knowing this one piece of information.

Additionally, anyone who does buy gold on a frequent basis, whether they are professionals or not, will also take a close look at the purity of the gold you bring to them. They will need to inspect its condition whether it is coins, jewelry or any other items, and determine what karat these may be. As we always say, if you are selling gold coins then be sure you research any numismatic values as well. This might take a little more time and effort to do, but these values can actually far exceed the market value based upon purity and/or weight.

This brings us to the third point which a buyer will look closely at and it what the weight of the gold is cumulatively. This along with the other two points mentioned above will bring them to a conclusion as to what they will offer you. Be prepared to take only a percentage of what the gold is finally valued at though. If you are dealing with a professional then they should make you a fair, logical offer for the gold. However keep in mind that they will also need to have a margin in order to make a profit on the transaction themselves when they turn around and sell the gold to someone else.

To Summarize:

  • Current Market Gold Price
  • Purity of the Gold
  • Weight of the Gold

The real benefit of using professionals is that you get a fair price for your gold items based on what should be an honest evaluation of what it is actually worth. This can save you a huge amount of time compared to trying to sell the items at nearer to retail value which can be tough even today when gold is so in demand.