Value Of Gold Coin
Novice investors can benefit from knowing that the value of gold coin is most immediately determined by a coin’s designation as either bullion, or rare gold coin. Bullion prices generally hover slightly above the current gold spot price (which is the cost of one troy-ounce of pure gold), while rare coin prices are exponentially higher, due to their inherent numismatic value. The value of gold bullion coins still varies between 22, and 24-karat purity, but their absence of numismatic value maintains their financial worth in close proximity to the current gold spot price. Naturally, buyers pay a slightly higher premium for 24-karat coins like American Buffalos, or Canadian Maple Leafs, due to their unparalleled purity, as well as for their unmistakable beauty.
When considering the value of rare coin like the aforementioned Double Eagles, which are 22-karat, $20 Lady Liberty, and $20 Saint Gaudens, rare gold coins, investors must consider each coin’s precise worth on an “item per item” basis. Each officially certified rare gold coin carries its’ own, individual serial number, and “mint state grade”, which designates the coin’s numismatic value. The highest possible mint state grade that any coin can receive is a70, but investment-quality Double Eagle coins usually carry a grade that ranges between 61, and 66. Investors can avoid paying shamelessly high retail prices for their American Eagle bullion, and Double Eagle coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other rare, and bullion gold coins to household investors like you.
Jonathan Monroe
