If you have rare gold coins, you may not be sure exactly what they’re worth. Occasionally, a rare coin appears in the backyard of a curious digger, or in the storage locker that ended up on auction, and the finder becomes a millionaire; more often than not however, they are not hundred-year old artifacts. Rare gold coins vary in worth, rareness and general demand. Though they may be a prized possession of yours, they may not be worth as much as you think. Consider the following tips when selling rare gold coins:
Do Your Research
The most valuable knowledge to have about your rare gold coin is its assumed value. Many websites outline the value of gold coins, and highlight the rarest or most valuable. If you can find the gold coin you have online, do some research on it to determine what the base price of it is. Going to a gold buyer with no idea about the price of your gold coins may leave you with getting a poor deal for your coins.
Value is Based on Demand
When you sell a rare gold coin, it’s important to remember that it’s overall value is only based on what someone else will pay for it. Though you may feel like you have a small part of history that has an incredible financial value, no gold buyer will pay more for it than what they believe they can resell it for. If your coin is not as rare or unique as you think it is, your persevered value will not match what you’ll be offered for it.
Go to Multiple Buyers
Given that the value of your coin will depend greatly on the gold buyer’s ability to resell it, it’s important that you go to multiple buyers before settling on one. Some gold buyer’s will have connections to others in the gold coin market, and understand how to price and buy them better than others. Getting more than one opinion on the price of your gold coins will give you a better idea how much you will truly get for your coins.
If you’re looking to sell your rare gold coins, it’s important that you get the best price for your items. Contact us at Pinto Gold and Jewellery Buyers today to get the best estimate of the value of your rare gold coins!