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Business Business Sell Small Denomination Gold Coins and Receive More by Following These Guidelines
Business Business Sell Small Denomination Gold Coins and Receive More by Following These Guidelines
| Sell Small Denomination Gold Coins and Receive More by Following These Guidelines |
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| Written by Glen Phillips |
| Wednesday, 07 December 2011 09:00 |
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Small denomination gold coins have long been second fiddle to large denomination gold coins, but now, all that is changing with the current high price of gold, making it a great time to sell small denomination gold coins. These gold coins are commonly referred to as fractional gold coins, as they're a fraction of one troy ounce of gold. These coins typically have a purity of .9167% or .999% fine gold, and are well recognized based on the country of origin. Not every gold coin dealer in Atlanta specializes in small denomination gold coins, but with a bit of research, you can find the right gold coin buyer who will pay you competitive rates for your coins. To get the best value for your small denomination gold coins, it's important for you to understand how the business works. First off, you need to know roughly how much you can expect to receive for your small denomination gold coins. You might be shocked at the values. Here's a brief look at some of the current prices you can expect to receive, as of the date of this article. However, it's important to note that prices are based on the spot price of gold, which is subject to daily fluctuations, so may receive a slightly different quote when you go to actually sell small denomination gold coins. * 1/10th troy ounce gold coin, $5 face value. This coin typically sells for around $150-$180 depending on the prevailing price of gold in the market. It has a purity of .9167 and a total weight of 0.1091 troy ounces. * 1/4th troy ounce gold coin, $10 face value. Estimates put the selling price range for this coin from $400-$430. The coin is also composed of 0.9167 pure gold and has a total weight of 0.2727 troy ounces. * The American Gold Eagle half ounce gold coin has a face value of $25, and contains half an ounce of pure gold. The selling price, based on prevailing gold prices, is $800 - $830 per coin, and its total weight is 0.5454, or exactly double the weight of the quarter ounce gold eagle. * The half ounce American Gold Eagle coin has a face value of $25. One can safely estimate to receive an offer worth $800 to $830 for this coin, again, depending on the spot price of gold at the time of the transaction. The total weight of this coin is 0.5454 troy ounces. If you decide to sell small denomination gold coins, the most important consideration has to do with price. For this, you will need to turn to a reputable gold coin dealer in Atlanta that accepts small denomination gold coins. Take note that there are some dealers that only specialize in large denomination gold coins, such as one ounce gold coins, so you will need to make sure that the dealer understands what you are selling before you request a quote for your fractional gold coins. Naturally, focus on price above all else. While the current spot price of gold is helpful in determining the price for your coin, you should expect to receive a price that this slightly less than this price when selling to a gold coin dealer. When selecting a gold coin dealer in Atlanta, always do business with a highly reputable business that is an accredited member of the Better Business Bureau. You must always be upfront and clear about what you are selling along with your expectations. Even before talking price, for instance, let the coin dealer know what coins you have available for sale an in which denominations. Some gold coin dealers primarily focus on larger gold bullion coins, such as one troy ounce gold coins. If you happen to have small denomination or fractional gold coins that you'd like to sell, now is an excellent time to do so considering that the precious metals market is performing well. With the prices of gold nowadays, even 1/4th ounce and 1/10th ounce gold coins are extremely valuable. Perhaps it is time to liquidate your investment and profit from the sale of your coins while the price of gold is still high. About the Author: Want to find out more about how to sell small denomination gold coins, then visit Atlanta Gold and Coin Buyers' site on how to choose the best way to sell fractional gold coins in Atlanta. Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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