Selling Gold Coins

EL321

Where is the best place to try and sell gold coins? Anyone any idea of their worth?

I have a 1/4 ounce 25 pounds 1990 one and a 1912 one which does not say how much gold??

Thanks.

DiggerUK

EL321,
A 1/4 oz Brit is worth about 170+.
Is the 1912 a sovereign? A sovereign is unique in that it never had a value stamped on it. It was simply a "sovereign" in every meaning of the word. It has a legal tender value of 1 pound. It is worth about 160+.

If you don't need the money hang on to them, you will not lose out with gold, should even consider buying more, especially as you have a start.
http://www.coininvestdirect.com/main.php?a=10&id=1

http://www.imperialcoinslondon.co.uk/images/kinggeorgev/1912gvobverse.jpg

Best of fortune.

EL321

Ah yes it is a sovreign - thanks.
So these will increase in worth over the years then? My uncle brought them for me ages ago and they have just been sat in a draw gathering dust....but I never really thought about investment with them or buying more, I am not financially very clued up on these things!! If they will become worth more I might just hang on to them!

DiggerUK

EL321,
Huge row on MSE about gold, we are 60% into gold for our retirement pot, love the stuff. (Both in 50's.)
If you trawl the CID site you will find a lot of arguments as to why you should invest/save in gold.
Remember though that they are a site selling gold. Due diligence etc. etc. etc..

Look here as well.
http://www.invest.gold.org/

ses6jwg

If one wanted to purchase some physical gold at decent prices, where would one go?

Davey2009

EL321 wrote: »

Where is the best place to try and sell gold coins? Anyone any idea of their worth?

I have a 1/4 ounce 25 pounds 1990 one and a 1912 one which does not say how much gold??

Thanks.

Seen a few on eBay although it may be best to set a reserve & be sure to use recorded mail.

DiggerUK

To find gold at decent prices the first port of call should be these sites to check benchmark prices.
http://www.coininvestdirect.com/main.php?a=10&id=2
http://www.elminvestments.co.uk/gold-coins.html
http://hattongardenmetals.com/Gold_Bars_Bullion/Buy_Sell_Gold_Bars_Ingots.aspx

Amongst gold buyers they are accepted as good prices. They are not the only sites.
Next port of call are your local coin shops, pawn shops and resale shops.
May find something of interest here.
http://www.numis.co.uk/

sabretoothtigger

EL321 wrote: »

So these will increase in worth over the years then?

Gold should just maintain its worth. Its not going to do anything new in ten years that its not already doing now.
Where as an investment in a company can grow in many ways

However gold might be worth holding if you were only saving cash in the form of british currency. The worth of the pound might decline which means gold is worth more.
Its a bit confusing and I dont explain it best but gold helps to stop the loss of value, its not about growth so much



Apart from that is the case of the united states dollar which is effective world currency. Should that decline, one of the alternatives would be gold. That is important because it means the prospective market share for gold as a currency is increasing which would be comparable to a business growth I think. (money trading is a form of business and has a worth and premium to it I figure?)

That wont last forever though, at some point gold value will start unwinding in usefulness just like it did in 1980. Thats not about to happen imo so gold is probably a reasonable thing to hold right now

10% of net worth is about the maximum 'normal' gold holding, any more is less about 'insurance' and more speculative

gozomark

DiggerUK wrote: »

you will not lose out with gold

merely missing the words "In my opinion".... there is every chance you will lose out with gold -just ask those who bought 3 months ago, or alternatively those who bought 30 years ago

gozomark

EL321 wrote: »

.So these will increase in worth over the years then?

they might, they might not - only time will tell - there is certainly no "will"

sabretoothtigger

Its just the last month its lost value vs the pound really. At the same time, the pound has also lost value which is the confusing bit I think.


Over a month, Gold priced in dollars lost about 8% but dollars are worth 3% more then pounds now so thats only a real loss of 5%

In the last 5 days, gold lost 1.5% and pounds gained 1% on the dollar which means gold lost 2.5% in just 5 days. Pretty volatile