With the very competitive prices for gold based assets, the decision to sell small denomination gold coins/, commonly referred to as fractional gold coins, cannot be underestimated. These are coins that are typically have an actual gold weight of 1/20th, 1/10th, 1/4th and troy ounces and are composed of 22 karat of 24k gold which is equivalent to a purity of 91.67% and .999%, respectively. You will find several gold coin dealers in Atlanta that accept small denomination gold coins and will pay competitive prices depending on the spot price of gold at the time of the sale.
As a very rough guide on how to price small denomination gold coins, consider the following estimated prices for the 1/10th, 1/4th and troy ounces American Gold Eagle:
* 1/10th troy ounce gold coin, $5 face value. This coin typically sells for around $150-$180 depending on the prevailing price of gold in the market. It has a purity of .9167 and a total weight of 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 half ounce gold coin has a face value of $25, and contains half an ounce of pure gold. The selling price, based on prevailing gold prices, is $800 - $830 per coin, and its total weight is 0.5454, or exactly double the weight of the quarter ounce gold eagle.
There are other small denomination or fractional gold coins that can also be sold at similar prices like the Chinese Panda, South African Kruggerand, Canadian Maple Leaf, Austrian Philharmonic, and the Australian Kangaroo, to name a few. The prices may not be exactly the same as the American gold eagle coins, but the differences will be slight.
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.
Naturally, focus on price above all else. While the current spot price of gold is helpful in determining the price for your coin, you should expect to receive a price that this slightly less than this price when selling to a gold coin dealer. When selecting a gold coin dealer in Atlanta, always do business with a highly reputable business that is an accredited member of the Better Business Bureau. You must always be upfront and clear about what you are selling along with your expectations. Even before talking price, for instance, let the coin dealer know what coins you have available for sale an in which denominations. Some gold coin dealers primarily focus on larger gold bullion coins, such as one troy ounce gold coins.
If you happen to have small denomination or fractional gold coins that you'd like to sell, now is an excellent time to do so considering that the precious metals market is performing well. With the prices of gold nowadays, even 1/4th ounce and 1/10th ounce gold coins are extremely valuable. Perhaps it is time to liquidate your investment and profit from the sale of your coins while the price of gold is still high.
As a very rough guide on how to price small denomination gold coins, consider the following estimated prices for the 1/10th, 1/4th and troy ounces American Gold Eagle:
* 1/10th troy ounce gold coin, $5 face value. This coin typically sells for around $150-$180 depending on the prevailing price of gold in the market. It has a purity of .9167 and a total weight of 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 half ounce gold coin has a face value of $25, and contains half an ounce of pure gold. The selling price, based on prevailing gold prices, is $800 - $830 per coin, and its total weight is 0.5454, or exactly double the weight of the quarter ounce gold eagle.
There are other small denomination or fractional gold coins that can also be sold at similar prices like the Chinese Panda, South African Kruggerand, Canadian Maple Leaf, Austrian Philharmonic, and the Australian Kangaroo, to name a few. The prices may not be exactly the same as the American gold eagle coins, but the differences will be slight.
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.
Naturally, focus on price above all else. While the current spot price of gold is helpful in determining the price for your coin, you should expect to receive a price that this slightly less than this price when selling to a gold coin dealer. When selecting a gold coin dealer in Atlanta, always do business with a highly reputable business that is an accredited member of the Better Business Bureau. You must always be upfront and clear about what you are selling along with your expectations. Even before talking price, for instance, let the coin dealer know what coins you have available for sale an in which denominations. Some gold coin dealers primarily focus on larger gold bullion coins, such as one troy ounce gold coins.
If you happen to have small denomination or fractional gold coins that you'd like to sell, now is an excellent time to do so considering that the precious metals market is performing well. With the prices of gold nowadays, even 1/4th ounce and 1/10th ounce gold coins are extremely valuable. Perhaps it is time to liquidate your investment and profit from the sale of your coins while the price of gold is still high.
About the Author:
Want to find out more about how to sell small denomination gold coins, then visit Atlanta Gold and Coin Buyers' site on how to choose the best way to sell fractional gold coins in Atlanta.
