Gold Coins Remain Popular in Bullion Markets

The age of using gold coins as a form of currency might sound like a story from an old book, but it was a lived reality only a few generations ago. Gold coins are a remarkably easy way of putting wealth into gold and while you rarely see them used for spending purposes, demand for them remains high on the open markets. 

Sovereigns as top coins 

Gold Sovereigns from the reign of Queen Victoria typically weigh 7.98 grams, and are divided into three distinctive chapters of her life: the Young Head portrait, which was in use until 1887; the Jubilee Head portrait commemorating her Golden Jubilee from 1887 onwards; and the Old Head or Veiled head, from 1893 until her death in 1901. The coins currently attract a price for their gold content in the region of £300.. 

One of the most popular coins to consider, if you wish to sell gold and you have any in your possession is Gold Sovereigns. Many of these have been minted over the last 150 years or more, most of which are likely to bear the portrait of Queen Victoria. Her reign, which lasted over 60 years, means there are a wealth of these coins offering a tangible record of this period in British History. 

If you ever have a gold item and need a quick and easy way to get a valuation, Cash for Your Gold has a free-to-use Gold Scrap Calculator. This allows you to get a simple price for what your coin could be worth; all you need to calculate this is an idea about the coin’s purity and its weight. 

Gold Britannias are another popular gold coin minted in the UK, depicting Britannia herself, holding a trident and shield. This iconic gold coin is often found in a variety of weights, from tenth of an ounce to full troy ounce coins, which can attract a price roughly close to the spot price of gold per troy ounce (£1,300 per troy ounce as of September 2021). 

Other coins to consider 

Gold Sovereigns and Britannias aren’t the only coins popular with gold coin enthusiasts which you can sell for a respectable price. South Africa has been minting coins known as Krugerrands since 1967, as a means for individuals to store their wealth privately in gold. These coins were notoriously hard to come by during the 1970s and 1980s, as this was at the height of the apartheid era, when countries actively blocked the import of such items from South Africa as a form of boycott. 

As with Britannias, Krugerrands are often minted as single-troy-ounce coins, but buyers often happily look for the smaller-weight varieties of such gold coins, as they offer an easy jump-on point for entering the bullion market. No matter how big or small your gold coin may be, it is highly likely to attract a good selling price, but you just need to find the right people to sell to. 

Cash for Your Gold is here to help facilitate such sales of gold coins. We have extensive knowledge of such items, offering valuations and consultations to help ascertain what your item could be worth.  

If you have a gold coin you wish to sell but need this expert opinion, don’t hesitate to call us on 01902 623 253. 

Getting the Right Cash for Your Gold and Silver

Rising demand for precious metals from both buyers and sellers in the past 20 years means that there is growing interest in the authenticity of items being exchanged.

Cash for Your Gold has seen many things over the years.

One phenomenon we have observed is the prevalence of items which are purported to be gold, only for further scrutiny to reveal that they are far less dense than they ought to be or that they are electroplated. It’s easy to pass items off as gold in a superficial way, but we know how gold and silver should behave, so here are some things to keep an eye on, when you decide to sell.

Find your certification

Gold and silver coins are popular candidates for being made counterfeit or being passed off as false gold and silver. Electroplating allows manufacturers to reduce production costs, coating less valuable metals in a superficial layer of gold. It might fool someone at first glance, but density is impossible to fake. Gold atoms are densely packed together, meaning false gold items are often far less heavy than they should be.

To make sure your gold coin is authentic, a certificate of authenticity is helpful, as this helps identify its origins and guarantees the dealer was reputable. Gold prices are close to all-time highs, and you don’t want a nasty last-minute surprise as you prepare to sell. Cutting corners might mean you didn’t pay terribly much to acquire your item at first, but it could mean trying to sell it will hit a brick wall eventually.

Other warning signs about your item could be if it shows unusual signs of fading, or the seller offered the item as being ‘enhanced’ by gold. The point is simple: true gold doesn’t need enhancing, and such a term suggests the item wasn’t pure gold to begin with, detracting from the item’s value from the offing.

Check your item out

Cash for Your Gold is in a position to help you assess whether your item is true gold or silver. We know the signs to look out for – hallmarks, density and other classic characteristics associated with proper gold and silver items.

If you would like a professional opinion, we can arrange a Zoom consultation to assess your item over video call. In addition, you can send the item to us so we can examine it ourselves using the necessary metrics and equipment.

Questions over the purity of gold and silver items might persist, and you shouldn’t ignore valid concerns about your items being what you hope they are. Give us a call on 01902 623 253 to hear from professional experts in the world of precious metals today.