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