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GOLD PRICE:
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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.

Reasons To Go For a Renowned Bullion Firm

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.

Types of Gold Coins and Their Value

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.

 

Popular Gold Coins

Canadian Leaf Maple

The Canadian Leaf Maple is one of the leading gold coins in the market with a 99.99% purity, annually issued by the government of Canada. The coin displays the symbolic maple lead on the back and Queen Elizabeth II of Canada on its front.

The face value of the coin is 50 Canadian dollars. While the standard version of the coin is in troy ounces, it can also be sought in sizes such as grams.

  • 1 Gram
  • 1/25 Troy Ounce
  • 1/20 Troy Ounce
  • 1/10 Troy Ounce
  • 1/4 Troy Ounce
  • 1/2 Troy Ounce
  • 1 Troy Ounce

South African Gold Krugerrand

The South African Gold Krugerrand coin is one of the most popular gold coins of the past. It still occupies a large share of the market. The coin comes in 22-carat purity. The coin features South Africa’s former Prime Minister on its front and the national animal on the back. The coin does not have a face value. It is available in troy ounces.

  • 1/50 Troy Ounce
  • 1/20 Troy Ounce
  • 1/10 Troy Ounce
  • 1/4 Troy Ounce
  • 1/2 Troy Ounce
  • 1 Troy Ounce

American Eagle Gold Coins

The American Eagle Coin is a leading gold coin in the bullion world. It is a state-owned firm, founded in the 1980s by the US. Similar to Krugerrand this coin comes in 22-carat. The front of the coin features the Liberty Lady and the rear of the coin shows an eagle carrying a branch above a nest. The coin has a face value of 50 US dollars.

  • 1/10 Troy Ounces of 22k gold
  • 1/4 Troy Ounces of 22k gold
  • 1/2 Troy Ounce of 22k gold
  • 1 Troy Ounce of 22k gold

Australian Nugget Gold Coins

The Australian Nugget is also known as the Australian Kangaroo coin. It features a kangaroo on its back. The coin has a 24-carat purity. It has one unique minted gold coin that weighs one tonne and holds the record for the most valuable coin in the world.

  • 1/20 Troy Ounce
  • 1/10 Troy Ounce
  • 1/4 Troy Ounce
  • 1/2 Troy Ounce
  • 1 Troy Ounce
  • 2 Troy Ounces

Appraisal and Selling Gold Coins in Queensland

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.

  

How It Works

Check the current live and spot prices

We recommend checking the current live and spot prices before visiting us so that you can determine if this is the right time to sell. You can view the current prices on our live pricing page.

Visit us for an obligation-free appraisal

Book an appointment or visit us at any of our locations for an appraisal by our friendly team. Please ensure that you have a valid ID such as a driver’s license or passport as we are required to document the ID of anyone selling to us as per the Second Hand Dealer Regulations.

Get your items tested

Using the highest quality gold and silver x-ray testing equipment, our friendly team will test the purity of the metal. If your item contains any precious gemstones, we can also evaluate the weight and quality of them.

Confirmation of sell price and payment

After testing, a sell price will be determined in accordance with our advertised price. Our preferred process for payment is ‘cash in store’, alternatively we are able to process a bank transfer to your nominated account.