GoldPaq

Gold coins have been prized by numismatists ? or coin collectors ? for many years due to their beauty, rarity, and their intrinsic value. If you are not a coin collector, but have found yourself in possession of gold coins you wish to sell, you may wonder how to determine your coins? value.

Being knowledgeable about gold coins can help you decide whether or not your gold coins are valuable as historic artifacts, or as gold that you can sell for cash.

Many people do not realize that there are two types of gold coins. As we discuss in our common gold questions page, there are those that are used as legal tender currency like any other type of coin, and those that are intended only as gold for exchange purposes.

Most countries stopped making gold coins to be used as legal tender in the early part of the 20th century. For this reason, most gold coins that are truly made from gold ? as opposed to gold colored coins ? are antique and considered collectible. These coins have numismatic value; i.e., they are valuable to those who are interested in collecting coins.

There are several factors that affect the value of legal tender gold coins. These include the coins? rarity, age, condition and quality, and, of course, their price.

Naturally, the more rare the coin, the more valuable it will be on the market. Some coins are rare because their initial minting was of a small quantity. Others are rare because there are few examples that are left in existence. If you have a rare coin in good condition you should hold on to it. If you have a mass produced coin then you it is probably more valuable just for to sell it for gold content.

It also goes to reason that the older the coin, the more valuable it is likely to be, simply because it will be more difficult to find other such examples for sale in the coin market.
A coin?s condition is generally determined by how worn the coin is, or how close to new or perfect condition it appears; however, the quality of the initial strike of the coin, or how well it was initially made, also affects it?s value.

The quality of a coin, like beauty, is often in the eye of the beholder, but is also considered when determining the value of a gold coin. The more intricate and delicate the coin?s design, the higher the quality of the coin. The quality of a coin is also affected by the color or value of the gold it was created from.

A coin?s initial value or price will also affect its value. The higher the initial value of the coin, the less likely it was to be held by a majority of people, and less likely it was to have been widely circulated.

Some of the most valuable U.S. obsolete legal tender gold coins on the numismatic market include the $20 Liberty, the $20 Saint-Gaudens, the $10 Liberty, the $10 Indian, the $5 Liberty, the $5 Indian, and, of the more rare and antique, the $3 Princess, the $1 Types I,II, and III, and the $2.50 Indian.

Gold coins that are not intended for use as legal tender, or currency, are commonly known as gold bullion coins. Gold bullion coins, unlike legal tender currency coins, do not have a face value; rather, their value is derived from the gold they are comprised of. Although you will sometimes see a face value on these coins, this is not intended to determine the coin?s value, and is typically much less than the coins? value in troy weight. Troy weight is the internationally recognized system of valuing precious metals according to units of mass. Therefore, a gold bullion coin?s value is tied to the value of gold on the market, rather than the value of the country of origin?s legal tender at any given time since the gold can be easily melted down.

Gold bullion coins are much more common than gold legal tender coins. They have been in continuous production in most countries for many years. These coins are often produced in fractions of ounces, such as 1 oz., 1/2 oz., 1/4 oz., 1/10 oz., and 1/20 oz. Although gold bullion coins are dated, the design of the coin rarely changes significantly for many years.

Many countries produce gold bullion coins. Some examples of these coins include the American Gold Eagles, Canadian Gold Maple Leafs, South African Gold Krugerrands, Australian Philharmonics, British Britannicas, Chinese Pandas, and Swiss Vrenelis.

Gold bullion coins, regardless of the country of their manufacture, are considered to be wise investments by many in the gold market. Because the value of these gold bullion coins is based upon the market value of gold, and not the exchange rate of legal tender, they are considered to be wise, stable investments on the gold market. For those who wish to sell these coins, the perceived investment value of gold bullion coins translates to profits that are unlikely to drop over time.

Whether you wish to sell gold coins with numismatic value, or gold bullion coins, you will find no shortage of buyers. However, gold bullion coins are much easier to sell for cash, simply because the market for the gold content of gold bullion coins is much larger than the market for antique gold coins. Regardless of which type coin you have, you will likely be surprised by just how much your gold coins are worth.

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