GOLD COINS

17.05.09 / Uncategorized / Author: admin
Tags: GOLD COINS.

Gold has been used to mint coins and make artifacts for thousands of years and many examples are on show in the museums of the world. Old coins are within the reach of the collector and details of the stock that is available can be obtained from any good coin dealer also the ’coin monthly’ magazine, a good starting point for anyone interested is Seaby’s catalogue. Details from :-
Seabys 14 Old Bond St, London, W1S 4PP 0207 495 1888.
For most people the gold coins of interest are those that are readily available for the investor. The main coins are British Sovereigns, weight approx. 8 grams of 22ct gold and the half sovereign at approx 4 grams.
For the investor wishing to buy larger coins the main coin is the South African Krugerand, this world famous coin can be traded in most countries of the world. The coin contains one ounce of fine (pure) gold 31.1035 grams this is alloyed with other metal to produce a durable harder wearing coin,with a total weight of 33.9 grams.
When buying or selling coins the price is a spread each side of the gold price i.e. if gold is quoted as £500 per fine oz. this is known as the ‘middle’ price,you must expect to pay a premium of 1-2% over the ‘middle’ price and would expect to receive 1-2% less when selling.
PLEASE NOTE THAT GOLD IS A VERY VOLATILE COMMODITY AND YOU MUST AWARE THAT IT IS POSSIBLE FOR THE PRICE TO CHANGE FROM HOUR TO HOUR.