Selling gold is on the rise, with many people realising the money they can make from selling their used gold items. If you are thinking about selling your gold coins to gold buyers in Australia, you need to know some facts before jumping onto the gold selling bandwagon. Before you sell those mints, you need to consider some things – how much profit you are expecting, what you plan to do with the profits, and whether or not you want to offer your coins up for sale long-term.
Facts about gold coins
Gold coins, also called mints, are made up of one troy ounce weight. This means that no matter where you go or when you sell your gold coins, gold buyers in Australia will be able to determine its value. However, there are exceptions to this rule. For example, there are rare mints that are hundreds of years old, which can result in them having higher values than the ‘younger’ coins.
When investing in gold coins, you should be aware that there are various kinds of coins. Popular gold coins include Australian Kangaroos, the South African Krugerrand, or the Canadian Maple Leaf. It is quite easy to find out what these coins are worth by visiting sites that are involved in buying and selling of gold coins.
When selling your gold coins to gold buyers in Australia, how much you will earn depends on several factors:
- The coin’s actual condition
If the coin you are offering is in mint condition, you can expect a good offer from your gold buyer in Australia. If your gold coin has some damage, however, you should not expect getting paid that much for it.
- Your mint’s authenticity
If you looking to sell your gold coins, keep in mind that your pieces should have proof of authenticity. This means that your coins should come with authentication paperwork as most gold buyers will not buy your coins without the relevant paperwork.
- The complete packaging of your coins
Many gold buyers in Australia look for the presentation boxes that come with the gold coins. More often than not, gold buyers value coins that come with presentation boxes higher than coins without those boxes. This may only be true for brick-and-mortar gold buyers, as online buyers may make you a good offer with out without the presentation boxes.
Author bio
This article was written by The Gold Company and offers tips on selling your gold coins to gold buyers in Australia.