You don't have to collect gold
coins or invest in them in order to have them. Many people get gold
coins often without having any interest in them, beside a question they keep
asking themselves: how to cash in gold coins.
There're a few places where you can sell your gold sell munich jeweler shops, coins dealers, pawnshops, and
of course you can sell them online. Any gold coin or any coin made of any
precious metal has two parts of its value: the gold value and the numismatic
value (for bullion gold coins it can be just a premium on the gold value in
percents).
The numismatic value of a coin can be affected by several factors:
its grade (condition), its mintage (the number of coins issued), and its year
of issue (how old it is). So obviously, an older gold coin in perfect condition
minted in very small number will worth a lot more than some modern gold coin in
poor condition minted in great number - that simple.
Before you
and your Gold sell Hamburg to any of the places mentioned above, you
must find out the right value for your gold coin. The easiest way to do it is
to have a coin catalogue and being able to grade your coin appropriately, and
if you had one and were capable of doing coin grading, you probably wouldn't be
reading this article.
You can start with asking your local coin dealers, they may
not give you the right price, but at least you'll get some idea of what your
coin is, what grade it is in, and what it's worth. Going to a jeweler shop can
be justified only if you don't have any coin dealers around - they may know
about numismatic value of coins, but usually, they just give you their gold
value, which can be relatively small, compared to their numismatic value. Going
to a pawnshop can hardly be justified at all, but I thought I would mention
this place anyway, at least in the sake of fairness of the subject.
After you
got some idea of what your coin is worth, you can make a bit more research to
find about the value of your Gold Berlin coin. You can of course
just Google it, which is a good start, but another way of doing it, find the
coins and paper money category, and search for your coin (you should know that
much after you've seen your coin dealer). Searching among current listings may
not be enough - so click advanced search, tick completed listings only and do
search again. That should give you a better idea of what similar coins are
getting sold for.
You can consider using help of coin forums as well. There're
plenty online (for example Coin Forum), and people on those forums can be very
professional and helpful.
Keep in mind that coin grading can affect the price greatly
and if the coin dealer you saw said that your coin is in the very fine grade
(VF) and worth around $100 and you found that a similar coin in the extra fine
grade (XF) was sold for $300, you may have had your coin priced correctly.
Just keep in
mind one more thing: some of the coins have varieties, which are very small
distinguished features of a coin that can make it worth a lot more than its
usual counterparts, for example: one number in the coin year is longer than
other number, or space between two letters is not the same as between other
letters. So, if you find any oddities on your coin, you'll have to do more
research and probably see more people to talk about your coin. Be aware of possible
and not very pleasant outcome of your research - if your Gold
sell Berlin is quite different from similar coins of the same type, it
may be a fake, but usually coin dealers can point it out right away.
