The value of gold coins depends entirely on the kind of coins you hold.
Then take your coins to a local bullion dealer and you should get close to the daily market price. It won’t be quite the same, as the dealer will take a small commission on the sale. But his cut shouldn’t exceed 5% of the bullion’s value.
If your gold coins are collectibles, then it’s a different story. Some of those bullion dealers will also deal in collectible coins.
The value of collectible coins will depend on their rarity, design and finish.
Knowing the value of a pure gold bullion coin is simple, and you’ll get a very similar quote, regardless of the dealer you visit.
But with collectible coins, the assessment of value will be a lot more subjective. So you should always try three or three different dealers and then sell to the one who offers the highest price.
In both cases, to get a reliable measure of the value of gold coins of any kind, be sure to go to reputable dealers. In other words, companies that have been around for a while and are clearly well established.
Do not go to dealers and buyers who suddenly appear overnight in a local mall. Nor should you sell your gold coins to jewellers.
Stick to established, specialist coin dealers every time.
More about owning gold:
WHY gold is such a powerful store of value…