Selling gold coins can be challenging if you don't know where to sell them or how to do it. It is also important to know how valuable your gold coins are so if you decide to sell them to a dealer you know the price range they should be fetching. If you do plan on selling coins to a local dealer or one you end up finding at a coin show, it is more than likely you will not be getting the top price the market is demanding at the moment.
Dealers won't give you the full price because they have an overhead they have to pay such as rent on a store, electricity, possible employees and of course the dealer has to make a profit so he can continue to do business. Another place to sell your gold coins is through a local auction house. In this case, you have to have a substantial collection of coins to make selling them and paying the auction company worth your while. Usually auction houses make their money by charging the buyers of your coins a premium above the price of the bids received. But auctioneers can also charge you for appraisals and moving and setting up your merchandise to be sold.
If you are selling your estate or a family estate that has collectible coins, you should have your coins appraised by a reputable appraiser so you can set opening bids at an auction. Make sure the appraiser you choose is certified or belongs to an association that requires their members to get a continuing education and obviously understand the markets they are appraising merchandise in.
Okay, if all this sounds a little complicated and you're thinking that you just want to sell a few of your coins or want to maybe start a business and sell a few coins without opening a store or having a huge auction with the fast talking auctioneer and the gavel slamming on the podium, you are in luck. If you want to start a low overhead gold coins business or have a few coins to sell, the best place to do that is eBay. As long as you have coins in good condition and they are somewhat in demand, which gold is very much in right now, you can do business relatively inexpensively on eBay.
One of the best ways to see what's popular and selling like hot cakes in the gold market on eBay is to head over there and see what's getting the most bids. With the Advanced Search feature of eBay you can put in the minimum number of bids on items that you're looking for and if you put in 2 as the minimum (to avoid shill bidders) you can then scroll down the list and see what the more popular items are. You can then determine from this data what niche of gold coins you want to go into.
When you are selling gold coins on eBay it is important to know the best time to end auctions and what times to avoid. Sunday evenings have been the best time for a long time to end your auctions in eBay because of the number of shoppers on the site during this time. The best times to end those auctions on Sunday's are between 8:00 pm and 11:30 pm EST. You also want to avoid ending your auctions on Saturday and Thursday evenings because these are the lowest traffic times on eBay. I'm not sure what people are doing on Thursday's, but on Saturday's people are out on the town and aren't interested in surfing eBay for the most part.
If you are selling gold coins, use these tips to make sure you get the most our of your valuable treasures.
Of all the gold bullion coins for sale the only true bullion coin minted in the United States is the Buffalo coin originally issued in 2006. What makes a coin a true bullion coin is the purity. A coin that is .9999 percent pure or 24 karat gold is considered pure enough to be true bullion.
The United States officially entered the gold bullion market in 2006 with the issue of the Buffalo Gold Bullion Coin from the US Mint. The coin has a face value of $50 and features the same images on the reverse and obverse as the 1913 Buffalo nickel. The images are that of a Buffalo or Bison standing on a mound on the reverse and an Indian with head feathers and braided hair on the obverse. This is a classic design that has been very popular for collectors and is probably why it was chosen to represent the first truly bullion gold coin minted in the United States.
Even though this is a very popular coin, there are none of these coins available as of this post in 2009. The production of these coins has been delayed because of the limited number of 24 karat blanks available at the mint. That's interesting because if the US government can't get 24 karat blanks, then who can and just how much gold of this purity is still available?
Other popular gold bullion coins for sale are the South African Krugerrand originally issued in 1967 and continuing to this day and the Canadian Maple Leaf issued from 1979 onward. These are both very popular coins for investors and coin collectors wanting to preserve their wealth and for those that just like a popular and beautiful gold coin to add to their collection.
So if you are looking to add to your investment portfolio or to add to your collection of valuable coins, then you probably want to check out the aforementioned bullion gold coins for sale.
American Eagle gold coins for sale are being sought after by investor and collector alike in these times of economic uncertainty. With inflation looming, a huge federal deficit spelling disaster for the United States and a volatile stock market, many are looking for alternative investments than the ones that have been failing since the bailouts of Wall Street starting back in September of 2008.
The American Eagle is based on the design of the St Gaudens Double Eagle orignally minted starting back in 1907. This beautiful coin features walking liberty on the obverse side and an eagle flying into its nest on the reverse side. The reverse is different than the original design, but the obverse is essentially the same.
The current American Eagle coin has a $50 face value and contain 1 ounce of 22 karat gold. They are not considered a true bullion coin, only those that are 24 karat or .9999 percent pure are considered bullion, but many treat them as gold bullion. These coins were first minted back in 1986 and the first issue of these coins are currently the most valuable or have the highest numismatic value above the value of the gold they contain.
These coins are very popular amongst collectors and investors and at one time earlier this year (2009) there was such a demand for the 2009 issue of the American Eagle the US Mint had to suspend sales of them. This was probably due in major part to the sad state of the US economy and investors expecting certain disaster. No one really knows when that's going to happen, but those that want to protect their wealth are getting prepared by putting their money in gold.
If you are concerned about your money and what's happening in finance, on Wall Street today and of course in the halls of our completely inept congress and President Obama, maybe you should be seeing out some American Eagle gold coins for sale. You might be glad you did.