Buying and Selling Gold and Silver Coins

November 27, 2009

Filed under: Jewelry — Tags: bullion, gold buying, gold coins, gold eagles, kruggerands, maple leafs, mint state, numismatic, pandas, silver coins, sovereigns — Ron @ 3:25 pm

Buying gold and silver coins is all about experience and timing. Gold bullion coins come in all denominations and generally trade basis the spot price of gold. US Gold Ealges, Maple Leafs, Kruggerands, Pandas, Sovereigns, (to name a few) trade basis spot. What us dealers have to do is buy these coins at a percentage of spot and make small profit on the turn. Here at Samuelson’s, the more volume you have, the higher percentage we are able to pay.

A stack of Liberty's

The numismatic coins are the more rare coins and they trade at a premium to the spot price. Numismatic coins are graded in a measure called MS or mint state. An example is the grade MS65 which is an uncirculated coin. (meaning the coin never entered the normal coin market that people carried in their pockets) Rare dates and even mis-stamps can quickly become collector’s items. Those have to be inspected for exact condition or even graded by PCGS, a lab that grades exact condition of the the coin.

So please stop on by with your coins, with gold at an all time high, it’s a GREAT time to have your coins evaluated and sold.

4 Comments

Frank Wilson

Not sure if now is the time to buy
Selling gold

Its true, it is all about the timing and making sure you go with a company who is honest. There are so many scams out there and dishonest companies and people. But there are plenty of good ones too if you know where to look
Selling Gold

Which gold bullion would you consider the most valuable right now?
ahnnd dums

When you sell gold coins, you really need time in canvassing who will give you the best deal and researching if they’re a reliable site. This site I think is one of those.