When buying an expensive coin, you have to make a snap decision with reference to deciding which coin has value from a collector’s point of view and conversely, which one does not. And this holds even more true, if the coin happens to be a gold one and therefore really expensive, in it is own right. This is why it is certainly not the easiest of decisions to make and one should be very careful when buying and selling gold coins of unknown vintage. However, here are few tips that can help you ascertain the value of your coins. Let us take a look at a few of them:
o Figure out the literal value of the gold in the coin first
Weight is the single most important factor when it comes to appraising gold coins. Many otherwise authentic looking coins can turn out to be cleverly produced counterfeits. Once can figure out the authenticity of the gold present in the coin, by the simple expedient of finding out the sum total worth of the gold inside them. Think Archimedes principle of ‘Eureka’ fame here.
The standard weight for just about any gold coin (vintage or new) is one Troy ounce. And at 31.1 grams, the ‘Troy Ounce’ is just a little heavier than the standard ounce that is typically used for non-precious metal applications. The total weight of the gold in any coin(s) that you have in your possession, will help determine their value to a great degree.
o The rarity of the coin
The rarity of a gold coin is also an important factor in its valuation from the numismatist point of view.
That is, how many of the coins are currently in existence. As per the law of supply and demand, the rarer the coin (either because very few were made or very few survive as of today) the greater would be it value. If you can find out exactly how rare the coin is, the odds are that you will be able to figure out its value as well. Gold Stackers gold coinshas many in-house experts who would be able to use their database of coins to figure out if yours is a rare one or not.
o The history of the coin
As far as ancient gold coins are concerned, then their history certainly plays a very important role in figuring out the actual value of the gold coins, per se. If you know the whole story of exactly where the original coin has come from (as in which era, at the very least) and the complete history of ownership of the gold coin, all the way to the time it managed to find its way into your possession. This is extremely valuable information when it comes to determining the overall value of the coin.
The above are just a few simple tips on determining the value of a gold coin. However, there are many others, such as the fact that it was a mis-strike, or its current certification are all very important factors in determining the value of your gold coin(s).