Small denomination gold coins have long been second fiddle to large denomination gold coins, but now, all that is changing with the current high price of gold, making it a great time to sell small denomination gold coins. These gold coins are commonly referred to as fractional gold coins, as they're a fraction of one troy ounce of gold. These coins typically have a purity of .9167% or .999% fine gold, and are well recognized based on the country of origin. Not every gold coin dealer in Atlanta specializes in small denomination gold coins, but with a bit of research, you can find the right gold coin buyer who will pay you competitive rates for your coins.
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:
One way you can confirm accurate pricing is by knowing the prevailing spot price for small denomination gold coins. Here is a guide you can use based on the American Gold Eagle coins:
* The American Gold Eagle tenth ounce gold coin has a face value of $5, but is worth well in excess of its face value. When selling it and basing the price on the spot value for gold, you should be able to get anywhere from $160 to $180 per coin. This of course varies based on the spot price of gold at the time of the transaction. The total weight of a 1/10th ounce gold eagle is .1091 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.
Keep in mind that the above figures are based only on the American Gold Eagle coins. You may receive slightly different quotes for Canadian Maple Leafs, Australian Kangaroos, Austrian Philharmonics, Chinese Pandas, and South African gold krugerrands.
Here's your basic guideline in getting a fair price for your coins. First, check out the prevailing spot price on gold. Use the precious metals market for accurate and updated rates. With this rate, multiply it by the gold content of your coin. This will provide you with the approximate market value of your coin; however, since coin dealers are in the business for profit, you can expect to receive an offer that's below the price that you arrived at.
Now that you know a little bit more about how to sell small denomination gold coins and what you can expect to receive for them from gold coin buyers in Atlanta, it's time to cash in your fractional gold coins now while the price of gold continues to perform well.
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:
One way you can confirm accurate pricing is by knowing the prevailing spot price for small denomination gold coins. Here is a guide you can use based on the American Gold Eagle coins:
* The American Gold Eagle tenth ounce gold coin has a face value of $5, but is worth well in excess of its face value. When selling it and basing the price on the spot value for gold, you should be able to get anywhere from $160 to $180 per coin. This of course varies based on the spot price of gold at the time of the transaction. The total weight of a 1/10th ounce gold eagle is .1091 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.
Keep in mind that the above figures are based only on the American Gold Eagle coins. You may receive slightly different quotes for Canadian Maple Leafs, Australian Kangaroos, Austrian Philharmonics, Chinese Pandas, and South African gold krugerrands.
Here's your basic guideline in getting a fair price for your coins. First, check out the prevailing spot price on gold. Use the precious metals market for accurate and updated rates. With this rate, multiply it by the gold content of your coin. This will provide you with the approximate market value of your coin; however, since coin dealers are in the business for profit, you can expect to receive an offer that's below the price that you arrived at.
Now that you know a little bit more about how to sell small denomination gold coins and what you can expect to receive for them from gold coin buyers in Atlanta, it's time to cash in your fractional gold coins now while the price of gold continues to perform well.
About the Author:
Looking to find the best way to sell small denomination gold coins, then visit www.atlantagoldandcoin.com to find the best advice on selling fractional gold coins in Atlanta.
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