Since the price of gold is still strong, you may have decided to sell those old gold coins that you have saved. Or you may be thinking of buying gold coins and want to know the true value of the gold coins before going to a dealer.
Whatever your reason for wanting to know the value of gold coins, this information should help. First, you need to understand that there are basically two types of gold coins on the market.
There are historical gold coins that were issued for circulation in many countries, including the United States, until the 1920s and 1930s. (Yes, gold dollar coins were once issued as well). These circulation coins include famous coins such as the American half eagles, eagles and double eagles, heads of Indians and Saint Gaudens, and British sovereigns. These coins are not pure gold, but some copper or silver is added to make them more durable. However, due to their collectible value, these coins are often worth much more than the value of the gold they contain. If you looking for precious metal coins visit https://www.gmrgold.com/.
The other main type of gold coin is the modern bullion coin issued by many countries since the 1960s. These coins are not intended to be used as "money", but for investments or collectors. Popular bullion coins include American Gold Eagle, Canadian Maple Leaf, Krugerrand, Austrian Philharmonic, and Chinese Panda. The value of these coins is the value of the gold they contain (usually an ounce, or the fraction of an ounce as indicated on the coin) plus a premium that can be as high as 10% or more.
To find the value of a gold coin, be it an ancient gold coin or a modern bullion coin, you must know the spot price of gold. This is published in most newspapers and online news sites. If you know the weight of the coin, a simple calculation will give you a reference value of the coin (although you may not get as much as the actual gold value of the coin from some dealers). Next, you should consult online or printed guides to find out the price of the particular coin you are interested in.