Small denomination gold coins have increased in value over the past few years in step with the increase in the price of gold. However, you may experience some difficulty when you sell small denominations gold coins unless you go about selling these coins the right way. Small denomination gold coins, also referred to as fractional gold coins, are typically composed of 22k or 24k gold, and are available in 1/20 ounce, 1/10 ounce, ounce, and ounce denominations.
To get the best value for your small denomination gold coins, it's important for you to understand how the business works. First off, you need to know roughly how much you can expect to receive for your small denomination gold coins. You might be shocked at the values. Here's a brief look at some of the current prices you can expect to receive, as of the date of this article. However, it's important to note that prices are based on the spot price of gold, which is subject to daily fluctuations, so may receive a slightly different quote when you go to actually sell small denomination gold coins.
* With respect to American gold eagles, the tenth ounce gold coin has a face value of $5. While the face value may not sound all that impressive, you'll be pleasantly surprised to hear that this coin is currently bringing $160 - $170 in the marketplace. This coin, as is the case with all American gold eagles, contains .916% or 22k pure gold. The total weight of this coin is 0.1091 troy ounces.
* 1/4th troy ounce gold coin, $10 face value. Estimates put the selling price range for this coin from $400-$430. The coin is also composed of 0.9167 pure gold and has a total weight of 0.2727 troy ounces.
* The American Gold eagle quarter ounce gold coin has a face value of $10. Based on the spot price of gold, this coin should sell for anywhere between $400 and $430. It has the same purity of the tenth ounce fractional gold coin, but has a total weight of 0.2727 troy ounces.
Beyond the American Gold Eagles, there are similar foreign small denomination gold coins that also fetch a good price on the market. You should be on the lookout for gold coins like the Australian Kangaroo, Canadian Maple Leaf, Chinese Panda, Austrian Philharmonic, and South African Kruggerand to name a few.
As a business transaction, selling small denomination gold coins is mostly about pricing. For this reason, it is imperative that you select a gold coin dealer in Atlanta that is above board and is known for being fair. If this is your first time selling small denomination gold coins, you need someone who will not take advantage of your inexperience. Also, don't be discouraged if you get turned down by some coin dealers, as not all gold coin dealers specialize in small denomination gold coins.
If you are totally new to the industry of selling small denomination gold coins, remember that the quote should be based on the spot price of gold. The spot price is the value of the metal as determined by the precious metals market. The gold content is then multiplied with the spot value to get the highest possible price for the coin. Consequently, you can expect to be quoted a price lower than the spot value as the gold coin buyer in Atlanta will need to profit from the transaction. For this, your task should be to find the most competitive prices from gold coin dealers in Atlanta and pick the one that will quote you the highest price.
Now may be one of the best times to sell small denomination gold coins, and if you follow the above guidelines, you should be able to sell your fractional gold coins for the best prices. Remember to specifically search for small denomination gold coin buyers in Atlanta to find the coin dealers that are likely to pay you the most for your coins.
To get the best value for your small denomination gold coins, it's important for you to understand how the business works. First off, you need to know roughly how much you can expect to receive for your small denomination gold coins. You might be shocked at the values. Here's a brief look at some of the current prices you can expect to receive, as of the date of this article. However, it's important to note that prices are based on the spot price of gold, which is subject to daily fluctuations, so may receive a slightly different quote when you go to actually sell small denomination gold coins.
* With respect to American gold eagles, the tenth ounce gold coin has a face value of $5. While the face value may not sound all that impressive, you'll be pleasantly surprised to hear that this coin is currently bringing $160 - $170 in the marketplace. This coin, as is the case with all American gold eagles, contains .916% or 22k pure gold. The total weight of this coin is 0.1091 troy ounces.
* 1/4th troy ounce gold coin, $10 face value. Estimates put the selling price range for this coin from $400-$430. The coin is also composed of 0.9167 pure gold and has a total weight of 0.2727 troy ounces.
* The American Gold eagle quarter ounce gold coin has a face value of $10. Based on the spot price of gold, this coin should sell for anywhere between $400 and $430. It has the same purity of the tenth ounce fractional gold coin, but has a total weight of 0.2727 troy ounces.
Beyond the American Gold Eagles, there are similar foreign small denomination gold coins that also fetch a good price on the market. You should be on the lookout for gold coins like the Australian Kangaroo, Canadian Maple Leaf, Chinese Panda, Austrian Philharmonic, and South African Kruggerand to name a few.
As a business transaction, selling small denomination gold coins is mostly about pricing. For this reason, it is imperative that you select a gold coin dealer in Atlanta that is above board and is known for being fair. If this is your first time selling small denomination gold coins, you need someone who will not take advantage of your inexperience. Also, don't be discouraged if you get turned down by some coin dealers, as not all gold coin dealers specialize in small denomination gold coins.
If you are totally new to the industry of selling small denomination gold coins, remember that the quote should be based on the spot price of gold. The spot price is the value of the metal as determined by the precious metals market. The gold content is then multiplied with the spot value to get the highest possible price for the coin. Consequently, you can expect to be quoted a price lower than the spot value as the gold coin buyer in Atlanta will need to profit from the transaction. For this, your task should be to find the most competitive prices from gold coin dealers in Atlanta and pick the one that will quote you the highest price.
Now may be one of the best times to sell small denomination gold coins, and if you follow the above guidelines, you should be able to sell your fractional gold coins for the best prices. Remember to specifically search for small denomination gold coin buyers in Atlanta to find the coin dealers that are likely to pay you the most for your coins.
About the Author:
Learn more about how to sell small denomination gold coins. Stop by Atlanta Gold and Coin Buyers' site where you can find out all about how to receive more when you sell fractional gold coins.
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