Monday, July 22, 2024

Where To Sell Gold Coins For Best Price

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How Much Is 14k White Gold Worth

Best Price For Gold Coins – Any Guesses?

14k white gold contains 58.3% gold. Because gold is a soft metal, and 14k gold has less gold in it, youll typically find that 14k white gold will be sturdier than 18k white gold.

To find out how much your 14k white gold is worth, you will need to:

  • Look up the current spot price of gold.
  • Weight your 14k white gold and multiply that number by 0.583 to determine how much pure gold is in the item.
  • Multiply the number above with the current spot price of gold to determine how much it is worth.

Top 10 Places To Sell Gold Bullion Coins Online

With historically high gold prices we are currently enjoying, lots of investors are seeking ways to gain profit from selling their prized coins. On a given day, knowing the spot price of gold and multiplying your coins weight by this value while taking into consideration their purity, will get you an approximate dollar amount if you try to sell gold bullion coins. Please note that all dealers will charge you a fee for this transaction. Additionally, after a successful sale do not forget to claim these gains on your tax return. All physical gold sales are subject to Capital Gains Tax at a rate of 28%.

We have done careful research and below we present the top online places that will pay you top dollar amounts.

1. USGoldBuyers

If you are trying to sell gold ingots, bars, coins, or other physical form of this precious metal, then USGoldBuyers can help. This is one of the top places to sell your gold online because they actually specialize in buying precious metals from individuals. Receive same day estimates and pay outs via PayPal, Western Union, bankers check or wire. Moreover, it will not cost you a penny to ship your items, they are paying for it.

2. BullionDirect

If you have gold bullion for sale, BullionDirect is one of the best and most reputable online places to go about it. They accept the most actively traded coins and bars.

3. GoldDealer.com

4. USAGold

5. Northwest Territorial Mint

6. Silver and Gold Exchange

7. BlanchardOnline

8. HoustonGold

9. OnlyGold

What Size Gold Coins Should I Be Buying

What do you think are the best denominations of gold coins to hold and why? I understand the 1/2, 1/4, 1/10 oz. coins are more expensive, but then, could there be a need for the smaller denominations? And if at some point you decide to sell them, won’t you get the same amount of gain as from the 1 oz. coin?

Fractional-ounce coins aren’t usually the most cost-effective way to own gold. For example, 10 tenth-ounce coins would cost more than a one-ounce coin. In percentage terms, premiums on the fractional are unlikely to increase more rapidly than the gold price itself a dynamic that militates in favor of holding one ouncers or even lower-premium items such as bars.

But there are good reasons to own smaller denominations. They are certainly attractive if you aren’t able or don’t want to buy a full ounce of gold at a time. They can also be useful potentially for gifting, barter and trade, or for holding in travel or bug-out kits.

Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named “Best in the USA” by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

Precious Metals

Don’t Miss: How To Sell Gold And Silver Coins

South African Gold Krugerrand

Since its introduction in 1967, the Krugerrand has carried a storied history. The distinctly colored coin is 91.67 percent gold and 8.33 percent copper. Its name is a combination of South Africa’s first president, Paul Kruger, and the Rand Refinery, which mints the coin.

Kruger’s presidency lasted from 1883 through 1900. While he was in office, South Africa saw the founding of the Durban Deep Mine, and the Witwatersrand Gold Rush. These events eventually led to the founding of Johannesburg, one of South Africa’s largest cities.

During the 1970s and 1980s, the Krugerrand was illegal to import into the United States due to the South African nation’s apartheid laws. Before this time, the United States was one of the Krugerrand’s largest markets, because U.S. citizens were unable to own gold bullion but could own foreign coins and bullion. At its height, the Kruggerand made up 90 percent of the global gold coin exchange.

Even today, the Gold Krugerrand is one of the most frequently traded gold coins in the world.

The face of this copper-tinted coin is that of President Paul Kruger in profile. He faces left, his long beard cascading down to his chest. The reverse side of the coin features a graceful springbok mid-leap. The springbok is South Africa’s national animal, as well as the name of the country’s rugby team.

Available in one-tenth-, quarter-, half-, and one-ounce coins, plus four-coin sets, the Krugerrand is a staple for many investors. It is also available in silver.

How To Tell If Gold Is Real

Sell Gold Coins for Cash

Check;for;a;stamp. A real gold item will have a purity marking on the back or inside. This stamp is typically either a carat number, such as 18K, or 12K, in the shape of a rectangle with the corners cut off, and with a number inside. Here is the meaning of those numbers:

999 = 24 karat, 99.9% gold990 = 22 karat, 99% gold 916 = 22 karat, 91.6% gold 750 = 18 karat, 75% gold 585 = 14 karat, 58.5% gold 375 = 9 carat, 37.5% gold

How to tell if gold is real with a lighter. Hold your gold jewelry or coin to the steady;flame;of;a;lighter;or;oven .Real gold will get bright hot after a while, but will not darken. Fake gold will darken or otherwise change color when exposed to fire. Also, if the piece is gold-plated , the thin gold plating will melt, revealing the inner metal.

Test your gold with a magnet. Gold is not magnetic. Using an extra-strong magnet , see if your gold jewelry is attracted to the magnet. One side note, sometimes a real-gold bracelet or necklace will have a clasp that is not made of real gold, and will be drawn to the magnet, while the rest of the item will not.

Float test. Real gold will not float, and will not rust. Drop your gold into a glass of water. If it floats, it’s fake.

Skin;test. Real;gold;jewelry will;not;turn;your;skin black or green. ;

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How To Sell Gold Jewelry

Gold jewelry that is by a significant brand like Tiffany or Cartier may be sold to a jeweler at a premium because of its name. Most jewelry, however, is likely to be melted down for scrap based on its weight and carat. Options for selling gold jewelry include:

  • Local jeweler
  • Online jewelry and gold buyers

Why You Can Trust Bankrate

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Weve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.

Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.

Our investing reporters and editors focus on the points consumers care about most how to get started, the best brokers, types of investment accounts, how to choose investments and more so you can feel confident when investing your money.

Also Check: How Many Grams Is 1 10 Oz Of Gold

Kitco’s Price Of Gold

Kitco is a leading gold and precious metals buyer and seller, as well as creator of precious metals commodities news. The Kitco Gold Index is a popular measure of real-time gold pricing today. Unlike the stock market, which is a dynamic marketplace, daily gold prices are set by independently owned markets. Kitco is one of these markets.

What If The Precious Metal I Wish To Sell Isnt Listed

Selling Gold Undercover – Who Gives The Best Price?

Although we have a list of items that we are actively buying, we are happy to consider all precious metals. Give us a call at 800-775-3504 if you would like to discuss a particular unlisted item. Please note that the United States Gold Bureau does not buy scrap metal, jewelry, or other items such as dental implants.

Read Also: Should I Buy Gold Now Or Wait 2020

Selling Gold Coins Is Easy

If you are looking to cash in on your investment and sell your gold coins for cash, all you need to do is visit the Southern Cross Gold Buyers offices in Adelaide. We are located conveniently in the central business district of Adelaide, and free parking is also available to all of our customers. Bring your gold coins to us, and we can give you an instant evaluation based on the latest market prices. You can sell your gold coins and have cash in your pocket in no time at all.

Find Out How Much You Have To Sell

How much your metal is worth depends on the amount of it, as well as current market prices.

Precious metals are typically sold . If you are selling gold jewelry or a gold coin, instead, the metal is unlikely to be pure. Multiply the percentage of purity by the total weight to find the total amount of gold or other metals that you have.

Also Check: Can Rose Gold Be Resized

Best Comprehensive Offering: Apmex

;APMEX

With more than 10,000 products to offer, APMEX makes our list as the online gold dealer with the best comprehensive offering.

  • Shipping can be slow

  • Prices tend to be higher than top peers

APMEX has built itself into a global precious metals powerhouse since its founding in 2000. It’s not surprising then that it has the largest selection of precious metals products, making it our choice as the online gold dealer with the best comprehensive offering.

In addition to a wide range of gold and silver bullion and coin products, APMEX also has an extensive selection of platinum, palladium, and copper products. Its coin selection is a virtual United Nations, representing coins from the U.S., Canada, Australia, South Africa, Mexico, and beyond. APMEX is also one of the best sources for collectors, offering a wide variety of coins and old banknotes.

While APMEX doesn’t have the lowest prices around, it’s significant sales volume allows it to be competitive. Using the Gold Eagle coin as a barometer for pricing competitiveness, APMEX is offering the 1 oz. coin for $2,053. That’s just 5% above the spot price of gold at $1,944, which is reasonably competitive. APMEX also offers bulk discounts on bullion and coins on purchases up to 19, 20 to 99, and 100 or more.

If you want your gold stored, APMEX will ship it to Citadel Gloval Depository Services, one of the world’s largest private storage facilities, for an annual fee.

How Is Gold Bullion Different From Other Forms Of Gold

Sell Krugerrands

In general terms, bullion can be used to describe other precious metals like platinum or silver. Bullion can come in bars, ingots, and coins. It is never traded in a futures market. Bullion is always traded for actual amounts of physical quantities.

Gold bullion is a recognized weight and fineness that you can buy for the current price of gold, plus some added charges for refining, fabricating and shipping the bullion to you.

The bullion content of a gold object is usually measured by multiplying the weight of the object in troy ounces by the purity of the gold in that object. For example, a 1-ounce gold bar with a .9999 purity rating would contain one troy ounce of 99.99 percent pure gold bullion.

Most of the worlds bullion is owned by governments and central banks and stored in 400-ounce troy bars. Smaller quantities are also available for purchase by individual investors. The problem with buying or selling gold bullion as an asset is that it can be costly to liquidate after you remove it from storage.

There may be assay, refining or handling fees involved if you are dealing with larger quantities. Its much easier to sell gold bullion in smaller, more convenient and tradable sizes.

Read Also: Can You Buy Gold On Etrade

Selling Coinshow To Get The Best Price

Selling coins for the best possible price is done by following the well tested methods used by the coin collecting community.

Collectors routinely sell some of their coins and use the proceeds to upgrade their collections. And in every case the basic method of getting the most for their coins is the same.

Here are the two main points successful collectors adhere to when selling coins.

  • First and most important, understand the value of your coins in order to know what to expect is a reasonable offer.
  • Certain coins sell best to certain dealers. Low value, medium and high value coins each have their unique best-selling practices.

These two key points, when kept in mind steer your decisions about the rest of the details covered below.

How To Choose A Reputable Gold Dealer

Unquestionably, a company’s reputation is the number one criteria by which to evaluate and compare gold dealers. The single best measure of a company’s reputation is its transaction history, which can be assessed by customer reviews. Companies with a large number of reviews are typically more established or have built up their trust and reputation through a greater number of transactions.;

Additionally, you should look for the following when evaluating a dealer’s reputation:;

Read Also: Can I Buy Gold Jewelry From Dubai Online

Gold Bullion: Bars Rounds & Coins

Gold Bullion Bars

A flat bar struck using .999+ pure gold is known as a gold bullion bar. Ranging from 1 troy ounce to even 32 troy ounces, gold bars are available in various sizes. However, 1 gram, 1 oz, 100 gram and kilo size remain the most common weights available in the bullion market. Their popularity stems from the fact that they are worth very close to their gold melt values making them a solid investment choice. ;

Even though gold bars were usually struck by private mints, government mints have also started to strike gold bars for sale to the public as well. ;

Gold Bullion Rounds

Gold bullion rounds are flat, disk-shaped pieces of .9167+ pure gold. Although their weights may range from fractions of a troy ounce to 5 troy ounces, 1 oz gold rounds are far more popular than their heavier and lighter counterparts.

Gold rounds are generally struck by private mints, and they are worth close to their melt value as well, making them popular choices for investment.

Gold Bullion Coins

Gold coins are also flat, disk-shaped 0.999+ pure gold pieces. However, most gold coins, unlike gold rounds, carry an official face value in the country of issue. These investment instruments carry one of the highest premiums over the spot price of gold due to collector demand and official recognition from sovereign governments. ;

Some factors that need to be considered while comparing these gold instruments are:

1.;Premium over Spot

2.;Purity

3.;Susceptibility to Counterfeit

4.;Stackability

Option : Look For Reputable Online Dealers

How To Sell Gold & Silver for SPOT PRICE!

Using a reputable dealer on the internet is one of the safest ways to sell precious metals online. Its also one of the best ways overall to get a competitive price.

For gold, CashForGoldUSA is the best choice, while CashForSilverUSA is the best choice to sell silver. These sites also deal in platinum items, so they can be a good choice if you have a mixture of gold, silver, and/or platinum to sell.

On these sites, you fill out a brief form. This gives your preferred shipping method and your contact information. Then, youll receive an envelope to send your gold or silver item into the company. These are insured.

Once the dealer receives your items, theyll make you an offer by email within 24 hours. If you accept it, youll get to choose a payment option . Otherwise, the sites will return your items to you for free.

Read Also: Where Can I Get Gold Teeth

Gold As An Investment

Before buying gold, it’s important to understand some of the factors that make gold unique:

  • Newly-minted coins are typically 90% to 99% gold.
  • Jewelry is typically 14-karat in the United States or 18-karat; internationally, but other karat values can be found, all the way up to pure 24-karat;
  • Gold provides no income stream unless you own stocks or mutual funds that pay dividends.
  • Owning gold stocks does not entitle you to possession of the metal.
  • You may incur a cost to store physical gold.
  • While the current supply is limited, as the price rises it makes more mining economically feasible, which could increase the supply.
  • Demand is not a function of the true;need for the metal, since much of it is not used for any commercial purpose;other than the making of jewelry.
  • Gold holdings are heavily concentrated among a limited number of governments and central banks, exposing gold to extreme price fluctuations;as these institutions buy and sell.

Are Premier Gold Parties A Good Way To Sell My Gold

Organized like Tupperware parties, these gatherings are typically arranged by friends or neighbors who meet to socialize and sell gold in a home setting. While theyre convenient, you may not get a very good deal if you sell your gold at one of these.

Theres a couple of reasons why. First, there are extra middlemen who need to get a cut. The company who organized the party and the host will both take their share. The other problem is that at parties like these, gold is often weighed together.

There is no consideration given to karat value, and payment is usually made at the lowest karat value rate. If you must go this way, separate your gold jewelry by karat in advance and dont accept the mixed bag terms.

Read Also: How Much Is Gold Worth An Ounce Now

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