8/27/2023 0 Comments Selling gold coins![]() If you accept the offer, Abe Mor will provide free, fully insured delivery via FedEx or US mail. To sell your gold coins, all you need to do is request an offer online. Located in New York City, Abe Mor operates an online gold buying program that lets you quickly and easily sell your gold coins, bars, jewelry and other items. If you have gold coins or bars that you’d like to sell, you have several online and offline options to choose from: You can also use this calculator below to get a rough idea about the price. To calculate their approximate value, you can weigh these coins, then calculate using the current gold price per gram. If you aren’t sure what type of gold coins you have, you’ll usually be able to sell them for their scrap gold value, rather than as specific coins. When checking prices, it’s important to note that all gold coin buyers will pay slightly less to purchase gold coins than their listed selling prices. If you know the type of gold coins that you have, you can look them up online via a gold bullion market such as Monex, Money Metals Exchange or JM Bullion to see how much they’re selling for right now. Many of these coins are traded as individual units by bullion dealers. There are several official bullion coins from other countries, such as the Canadian Gold Maple Leaf and the Vienna Gold Philharmonic coins. Richard Weaver, President of the Professional Numismatists Guild, says “Know the current spot price of the precious metal you want to buy or sell.” For example, the US Mint issues the American Eagle coins in gold, silver, platinum and palladium. Many gold and silver bullion coins are produced by national mints. To get a fair price for your gold, it’s important to be aware of what you’re selling and how much it’s worth. As such, many trade at a fixed price through bullion dealers and other trading platforms. Know what you’re selling and understand its value. Just like with gold jewelry or gold bars, there are several steps that you can take to get the best price for your gold coins: 1. Get an Offer Tips to Sell Your Gold Coins for the Best Price We recommend asking Abe Mor for a quote as they have consistently offered the highest percentage to our readers. ![]() When selling gold you receive a percentage of the price. This is the current wholesale price of gold. As such, they’re usually treated as an investment or store of value, rather than as a consumer gold item. To be more precise, gold coins are a type of gold bullion (gold coins are often referred to as bullion coins). Gold coins, on the other hand, are more of a niche item. For example, if you have a gold wedding band that you’d like to sell, you’ll usually be able to sell it online or offline to a local jewelry store or pawn shop. The process for selling gold coins is quite different from that for selling gold jewelry, such as a gold wedding band or engagement ring.Īs we’ve covered in our guide to selling gold jewelry, there are many merchants that buy gold jewelry. ![]() Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. Any promotions or discounts are applied to the premium above the precious metal price only and not on the metal price itself.To help you with the diamond buying process we lean on our expertise and experience. * Bullion product prices displayed include the precious metal price and any applicable premium. Historic financial performance of Bullion is not indicative of and does not guarantee future financial performance. Investments in Bullion should only be made as part of a diversified investment portfolio and investment advice should be sought before any investment is made. You should carefully consider the risks associated with investing in Bullion, taking into account your own individual financial needs and circumstances. Before making any investment decision, you may wish to seek advice from your financial, legal, tax and accounting advisers. As such, investments in Bullion involve a degree of risk, which may make them unsuitable for certain persons. Bullion markets can be volatile and the value of Bullion may fluctuate dependent on the market value of precious metals. Please note that certain products, storage and delivery services will be dependent on the type of account you hold. All information contained on or available through this website is for general information purposes only and does not constitute investment advice.
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