A Comprehensive Guide on Selling Gold Coins

For centuries, gold coins have been fascinating ornaments for the public. Even today, many people have this intrinsic urge to keep gold coins, especially the people of Queensland.

Most people collect gold coins for financial assurance, collector items, and memorials. Keeping gold coins is one thing, but selling them at a competitive and fair price is another. It is not easy to get a fair evaluation of this asset in such an inflated market.

You want to sell your gold coin at its retail price or even close to it. If you are about to sell them to an individual buyer, then the chances of getting a solid price are the lowest because that person will buy it from a subjective point and will avoid considering the coin’s purity and other valuable aspects. Such an unjustified approach may leave you disappointed.

On the other hand, if you sell your gold coins to a pawn or a jewellery shop, you will not get an evaluation close to the retail price. The reason for this is simple. Firstly, a jewellery shop will only evaluate the gold content and purity of the gold coin, because they are only buying it for resale and will quote a price to ensure their profit margins.

Secondly, they will not consider the craftsmanship done on the coin and the brand that further devalues your gold coin. This will lead to a price quoted far below your expected retail price. Hence, in both these cases, your gold coin does not get its justified evaluation and as a consequence you fail to sell it at a satisfactory price.

So, the finest way to sell gold coins is at a renowned Bullion Firm. Such a firm has all the essentials for a fair evaluation of gold coins. Their evaluation is more objective as they also consider the unique aspects as the rarity and art of the coin. They will also analyse the purity of the gold coin and weigh it in front of you. As a result, you get a solid price for your gold coin.

A jewellery shop does not quote you such generous prices because their evaluation is dissimilar to bullion dealers. Therefore, you must consider selling gold coins at a bullion firm. You can visit their nearest outlets to get a quote or sell your gold coin. Some of these companies also offer to sell your coins online.

Traditionally, gold coins were used as a currency in the past made by the governments. But over the recent decades, this trend has gradually changed with the minted gold coins. Unlike most investments, minted gold coins can maintain their resale value for a long period. Now, investors buy these minted coins for a safe and wise investment.

There are certain factors to consider while investing in gold coins. A gold coin of a minimum of 22-carat should be opted to buy. This is because the most popular gold coins are 22-24 carats.

So, buying a gold coin in this range of purity maximises an easier resale. Most of these gold coins have a 99.99% purity, a key in their sale. Therefore, buying a coin from such a brand should be your top priority.

 

Imperial Bullion brings a highly secure and trouble-free platform to sell gold coins for the people in Queensland. As one of the leading Bullion firms, we offer the most competitive prices for your gold coins. We deal in buying and selling minted precious metals at competitive prices.

Our professional goldsmiths assess the gold coins with the utmost diligence and make an objective evaluation. It is made possible by perfectly analysing the gold content, purity, and uniqueness of the coin. If your gold coin meets our set standards, we can offer you an estimated selling price close to the retail value. You won’t find a better selling price elsewhere, and we are confident in saying that.

Imperial Bullion has four outlets each at Chermside, Carindale, Hamilton, and Toowoomba in Queensland. Customers can comfortably proceed to sell their coins online or visit our nearest outlet in Queensland. We offer the people of Queensland a friendly atmosphere, where they are guaranteed a profitable trade of their valuable assets. 

If you are based in Queensland and interested in a straightforward sale to a trusted and reliable company, consider our team. Book an online appointment or visit our store right now, to get a free quote and a free appraisal for your gold coins. For clarity, the gold price fluctuates daily therefore we buy gold items at the spot price. Please keep this in mind to avoid any confusion.