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.
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.
* 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.
Beyond the American Gold Eagles, there are similar foreign small denomination gold coins that also fetch a good price on the market. You should be on the lookout for gold coins like the Australian Kangaroo, Canadian Maple Leaf, Chinese Panda, Austrian Philharmonic, and South African Kruggerand to name a few.
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 may be one of the best times to sell small denomination gold coins, and if you follow the above guidelines, you should be able to sell your fractional gold coins for the best prices. Remember to specifically search for small denomination gold coin buyers in Atlanta to find the coin dealers that are likely to pay you the most for your coins.
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.