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.
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.
* troy ounce gold coin, $25 face value. The typical selling range is from $800 to $830 and contains 0.9167 pure gold in the 0.5454 troy ounce coin.
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.
If you decide to sell small denomination gold coins, the most important consideration has to do with price. For this, you will need to turn to a reputable gold coin dealer in Atlanta that accepts small denomination gold coins. Take note that there are some dealers that only specialize in large denomination gold coins, such as one ounce gold coins, so you will need to make sure that the dealer understands what you are selling before you request a quote for your fractional 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.
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.
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.
* troy ounce gold coin, $25 face value. The typical selling range is from $800 to $830 and contains 0.9167 pure gold in the 0.5454 troy ounce coin.
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.
If you decide to sell small denomination gold coins, the most important consideration has to do with price. For this, you will need to turn to a reputable gold coin dealer in Atlanta that accepts small denomination gold coins. Take note that there are some dealers that only specialize in large denomination gold coins, such as one ounce gold coins, so you will need to make sure that the dealer understands what you are selling before you request a quote for your fractional 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.
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.
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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.
