Home Gold Coins blog Selling your gold coins to a coin shop
Selling your gold coins to a coin shop PDF Print E-mail

One of the useful things about online forums for coin collectors is that you can get information on how coin stores operate outside your local area.

A current thread on Kitco covers what coin shops are paying out for gold coins, in terms of percentage or flat rates over or under the current spot price of gold.

The thread shows that what a shop might offer for the same gold coin can vary dramatically, from 4% UNDER spot, to 1%, 1.5% or even more OVER spot.

While some collectors believe selling their coins online is the worst option, because of the postage costs, the thread linked above shows you can get 2.4% over spot from a well-known online dealer, which even with $15 extra for postage and insurance is a better deal than most physical coin stores will offer you. This is worth bearing in mind when you come to sell some or all of your gold.

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