are important factors to consider in finally setting the price of the coin. Costs like manufacturing costs, distribution charges (the expenses incurred from sending the gold coins from the mint to sellers and buyers), dealer commissions (the fees paid to a dealer for facilitating, initiating, or executing sale), etc. The pure gold values are not immediately the actual gold bullion coin prices. The answer is the pure gold value.įor example (for illustration purposes only): Gold coin weight (oz.) To compute the possible price of the gold coin, multiply the gold coin weight to the spot price of gold per ounce (oz). You can also visit websites of gold coin dealers where you can find postings about the most recent gold coin prices. As of this writing, the spot price of gold was $956.20 while the day before, the price was $947.20.Ĭonsult a gold exchange traded-funds (an investment vehicle that tracks the price of gold) to get the actual current market price of the metal. The spot price of metals like gold can be unpredictably changing. The spot price is the current market price of a physical commodity. For example, the Canadian maple leaf gold coins are issued in 5 different weights: 1 troy oz, ½ troy oz, ¼ troy oz, 1/10 troy oz, and 1/20 troy oz. Modern bullion gold coins, however, are already sold in different weights which are actually indicated on the coin’s reverse side. Gold coins on weighing scale to determine the gold content of coinsġ.) Determine the gold weight or content of your coinįind the weight of your gold coin through a gram scale. Here are the steps to determine the selling price of gold bullion coins: The famous gold bullion coins are the gold American Eagles, South African Krugerrands, Canadian Maple Leaf gold coins, China Panda coins, among others. The bullion gold coin price is just a bit higher than gold’s market value. The price of bullion gold coins is based from the actual market price or intrinsic value of gold and an additional sum (premium for manufacturing and other costs).
GOLD COINS MARKET VALUE HOW TO
How to determine gold bullion coin prices But for plain coin collectors or numismatists, there is simply more to coins than its possible future monetary benefits. The selling price of bullion gold coins is derived almost entirely from the intrinsic value of gold (per ounce) while the market price of numismatic gold coins is derived from several factors such as rarity, popularity and numismatic significance, grade or condition, and quality.Ī 1933 Saint-Gaudens gold coin may have a bullion value of a thousand dollars but its market price can reach millions of dollars (in 2002, it was priced at $7.6 million) because of its numismatic and historical significance.īefore buying a gold coin, it is important that you define yourself first as a buyer-are you a coin collector or an investor? Although you can be both, deciding what you are as a buyer in every purchase of a coin will help define your purpose, thus, will guide you for a wiser purchase.įor example, if you are an individual who wants to invest in gold coins, then you must avoid the additional price you will have to pay for numismatic coins and choose gold bullion coins instead. To determine the value of gold coins, you must first know the general differences between a bullion gold coin and a numismatic gold coin.įirstly, a bullion coin is created primarily for investment purposes while a numismatic coin is a collectible piece acquired by numismatists mainly for personal satisfaction (hobby) or for academic and historical study, among other uses.
Learn how to determine gold coin prices and know the difference between gold bullion coins and numismatic gold coin prices While gold bars are worth a lot of money, gold coins are more liquid which means it is easily converted to cash. Gold bullion coin prices – there has been a debate on which makes good investments: a gold bar or a gold coin.
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