| You don't have to collect gold coins or invest in | | | | way of doing it is using ebay. Go to ebay, find the |
| them in order to have them. Many people get | | | | coins and paper money category, and search for |
| gold coins often without having any interest in | | | | your coin (you should know that much after |
| them, beside a question they keep asking | | | | you've seen your coin dealer). Searching among |
| themselves: how to cash in gold coins. | | | | current listings may not be enough - so click |
| There're a few places where you can sell your | | | | advanced search, tick completed listings only and |
| gold coins: jeweller shops, coins dealers, | | | | do search again. That should give you a better |
| pawnshops, and of course you can sell them | | | | idea of what similar coins are getting sold for. |
| online. Any gold coin or any coin made of any | | | | You can consider using help of coin forums as |
| precious metal has two parts of its value: the gold | | | | well. There're plenty online (for example |
| value and the numismatic value (for bullion gold | | | | CoinForum), and people on those forums can be |
| coins it can be just a premium on the gold value | | | | very professional and helpful. |
| in percents). | | | | Keep in mind that coin grading can affect the |
| The numismatic value of a coin can be affected | | | | price greatly and if the coin dealer you saw said |
| by several factors: its grade (condition), its | | | | that your coin is in the very fine grade (VF) and |
| mintage (the number of coins issued), and its year | | | | worth around $100 and you found that a similar |
| of issue (how old it is). So obviously, an older gold | | | | coin in the extra fine grade (XF) was sold for |
| coin in perfect condition minted in very small | | | | $300, you may have had your coin priced |
| number will worth a lot more than some modern | | | | correctly. |
| gold coin in poor condition minted in great number | | | | After you have a better idea how much your |
| - that simple. | | | | coin is worth, you can start seriously considering |
| Before you hand your coin to any of the places | | | | selling it. There're obviously two ways to go: if |
| mentioned above, you must find out the right | | | | your coin dealer offered you more than you |
| value for your gold coin. The easiest way to do it | | | | found you can get on ebay, than go to your coin |
| is to have a coin catalogue and being able to | | | | dealer. Otherwise, sell it online (ebay or other |
| grade your coin appropriately, and if you had one | | | | online auctions) - you even can consider selling it |
| and were capable of doing coin grading, you | | | | for $1 no reserve (ebay only) - there's a whole |
| probably wouldn't be reading this article. | | | | lot of people who made their business to watch |
| You can start with asking your local coin dealers, | | | | gold coins auctions continually, so your coin will get |
| they may not give you the right price, but at | | | | sold for a fair price anyway (don't do it if you |
| least you'll get some idea of what your coin is, | | | | don't feel adventurous). |
| what grade it is in, and what it's worth. Going to a | | | | Just keep in mind one more thing: some of the |
| jeweller shop can be justified only if you don't | | | | coins have varieties, which are very small |
| have any coin dealers around - they may know | | | | distinguished features of a coin that can make it |
| about numismatic value of coins, but usually, they | | | | worth a lot more than its usual counterparts, for |
| just give you their gold value, which can be | | | | example: one number in the coin year is longer |
| relatively small compared to their numismatic | | | | than other number, or space between two letters |
| value. Going to a pawnshop can hardly be justified | | | | is not the same as between other letters. So, if |
| at all, but I thought I would mention this place | | | | you find any oddities on your coin, you'll have to |
| anyway, at least in the sake of fairness of the | | | | do more research and probably see more people |
| subject. | | | | to talk about your coin. Be aware of possible and |
| After you got some idea of what your coin is | | | | not very pleasant outcome of your research - if |
| worth, you can make a bit more research to find | | | | your coin is quite different from similar coins of |
| about the value of your coin. You can of course | | | | the same type, it may be a fake, but usually coin |
| just Google it, which is a good start, but another | | | | dealers can point it out right away. |