Human beings have been buying and selling gold coins for centuries, mainly because gold has always been viewed as a precious metal. For a long time, gold coins were the benchmark currency, a lot like how U.S. dollars are the benchmark today. But gold’s heyday as a currency has long since passed, and these days gold coins are mainly given as gifts, purchased as collectors items, or acquired as a store of value.
If you’ve been holding on to some gold coins for a long time and you’ve now decided that you want to trade these in for the highest possible cash price, then you should sell gold coins in NYC to us. We’ve been leading buyers in the Diamond District for more than a decade, and we know gold coins’ properties and value like the back of our hand. We’ll always outbid our competitors, and we always ensure our customers have first-rate experiences.
Read on to know why individuals sell gold coins and why selling to us will be a great solution for you.
How We Assess The Value Of Gold Coins
While it may be assumed that two 1 oz. gold coins are worth the same, such isn’t the case most of the time. A lot of factors determine the price of a gold coin. Below these factors are explained:
Coin Type: There are many kinds of gold coins available these days. Bullion coins, for example, come in a variety of weights, from 1/10 oz. to 1 oz. These coins are usually produced with a standard matte finish, and typically no plastic slabs are used for sealing. The value of these coins is most influenced by weight and the current market price of gold. Often, condition isn’t heavily considered when purchasing gold bullion coins. There are also certified coins, proof coins, and uncirculated coins.
Coin Size: The bigger the coin, the more valuable it is. A 1/10 oz. American Eagle is 16.5 mm in diameter and 1.19 mm thick. It contains 1/10 troy oz. of gold and costs about $250. A 1 oz. American Eagle, on the other hand, is greater in size and price. It has a diameter of 32.7 mm and a thickness of 2.87 mm. It contains 1 troy oz. of gold and costs about $1,800.
Coin Grade: Coins are graded on a scale of 1 to 70; the higher the grade, the higher the coin quality. It goes without saying, but high-quality coins will fetch a pretty penny.
The Coins We Often Purchase
We’ll buy any coin that has gold in it, but the coins sold to us are most often:
- American Gold Eagles
- American Gold Buffalos
- Canadian Gold Maple Leafs
- South African Gold Krugerrands
- Chinese Gold Pandas
- British Gold Britannias
- Austrian Gold Philharmonics
- Australian Gold Kangaroos
It’s A Great Time To Trade In Gold Coins For Cash
With gold prices on the march upward, it’s a great time to sell gold coins in NYC. Get in touch with us via phone or online to discuss your unique situation, or visit our store in the Diamond District when you have gold coins you’re ready to part with. We’ll ensure your experience is an enjoyable, worthwhile one!
Get a free consultation from our exprets.