Practical guides to sell gold coins for your best advantage

Knowing how to sell gold coins accurately is a must if you wish to convert them into cash at any time. These bullion coins are among the assets that are easy to buy and sell because they have high liquidity. You can trade them in online and offline markets without undergoing complex procedures. In both markets, the prices are transparent.   To this day, gold coins remain people’s favourites as an investment instrument or as a collection. Indeed, for thousands of years, gold coins have symbolised wealth and social status. Historical evidence suggests that bullion coins first emerged as the official medium of exchange in Lydia, now part of Turkey, around 600 BCE. At that time, King Croesus issued pure gold coins or croeseids.   This article shares the most effective ways to sell gold coins. In addition, find essential selling strategies. These tactics include knowledge of the market price, weight, and purity of the coins that you have. Scroll down to read the whole content!

What is the best way to sell gold coins?

The best way to sell gold coins is through trustworthy online bullion marketplaces because they offer 90 to 95% of the spot price. However, if you want to get cash immediately, selling the bullion coins to local shops is a good option. Selecting pawn shops as the place to sell is not recommended because they usually offer low prices.   Before selling the coins, you need to know the current gold price. Check its price every day because it is different from day to day. The price can give you a baseline. You shouldn’t accept an offer that is well below the price. There are some options where you can check the price, such as financial news sites, websites of precious metal dealers, and websites of commodity marketplaces.

Practical guidelines for selling gold coins

The knowledge on how to sell gold coins includes key points to ensure that you will get high prices. If you don’t have proper knowledge, you will get lower offers, or in other words, you will lose a lot of money. Such knowledge is especially important if your bullion coins are rare or collectible. Another reason relates to online selling. With the basic information, you will be less likely to suffer from scams. Such scams include fake buyers, manipulated scales, and pressure tactics. For the last example, you will be driven to sell gold coins now or lose value later. Check the details below!

Understanding purity and weight

Purity and weight are the two vital aspects of gold coins. These elements determine the overall gold content. Examples of gold purity include 24K and 22K. On the other hand, weight units include grams or ounces. In some cases, rare or historic gold coins have collector values. Besides, ensure that you have certificates or original packaging, as these may increase the value of the gold coins.

Following the market price

To effectively sell gold coins, knowledge of the market price serves as the baseline for offers. Specify the price of the weight unit, such as per ounce or per gram. A good offer will be around the price. Unless for emergency needs, don’t accept low offers because that means you will lose the actual value of the coins.

Selling at the right place

Today, both online and offline marketplaces are available for you. Yet to accurately sell your gold coins, you need to know the pros and cons of each option. For example, if you sell the coins at local coin dealers or jewellers, you will get immediate money. However, you may earn lower profits because they usually offer prices below the market price.

Is it easy to sell gold coins in the UK?

Yes, it is easy to sell gold coins in the UK as you can do the transactions safely and quickly. This advantage is thanks to multiple-selling options, such as national dealers, online gold buyers, and local bullion dealers. Whether living in capitals or rural areas, all citizens can access those options. As an example, you can sell gold coins via insured mail to a trustworthy buyer. After receiving the coins, the buyer will transfer the money to your bank account. Some tips below might be useful:

• Check the gold spot price the same day you sell it.
• Get quotes from some potential buyers and then choose the one with the highest offer.
• Use insured and tracked postage if you choose to sell gold coins via an online marketplace.
• Leave the gold coins as they are. Cleaning them will only reduce their value.
• If you want to sell rare or old coins, choose an auction house that may pay higher prices.

Exchange your gold coins for the best cash price at Hatton Garden Buyers

Selling your precious metal coins shouldn’t be mysterious and difficult. With reliable and key information, you are ready to get the best-selling prices for the coins. If you are looking for the right place to sell, Hatton Garden Buyers is the answer! The transaction process is transparent, so you shouldn’t worry about potential scams.   Hatton Garden Buyers also value their customers’ gold coins and other precious metals. They offer fair prices, allowing customers to achieve higher profits when they sell gold coins to them. Other than that, Hatton Garden Buyers also have advanced technology that ensures your transactions are all secure and confidential. So, what are you waiting for? Get an instant valuation for your gold coins today.