It is a common misconception that people around the world only opt to buy gold jewellery. However, this is just a myth. Quite a substantial amount of people also opt to buy gold coins, which they then are willing to sell after a few years when the price of selling gold appreciates. There are easy ways to sell gold coins by following a few simple steps. 1) Always ensure that you find out the gold price per troy oz. Confused? You should not be. This information can be obtained quite easily by doing an initial research online. 2) The second step would involve determining the actual gold weight of the coins you wish to sell. If you are aware of the worth of your coins, you will face no problems when the time comes to sell gold coins. However, if you do not possess the requisite knowledge, you always have the added option of searching online for information related to the value of your coins. If you do not wish to spend a lot of time in research, you can simply take your gold coins and weigh them on a balance for an accurate answer. 3) In order to sell gold coins for their value’s worth, ensure that you fully determine the melt value of the coins by multiplying the spot gold price per troy oz according to the actual gold weight of the coin you wish to sell. Once you determine the figure, you then have the liberty of setting a suitable price to sell gold coins at or above the merit value. It is important for owners of gold coins to be absolutely aware of these specifications to avoid being swindled by unscrupulous gold buyers. 4) Once you have the value of your gold coins determined, you can then search for interested buyers. You have the option of trying out local dealers with the disadvantage of being paid less if you wish to sell gold coins. The easiest way of getting a good price for gold coins is to list the item online with a detailed description and clear picture. Auction sites are your best bet for a good price. However, if you wish to sell gold coins on an auction site, you should check out ‘completed lists’ for items with a similar nature to get an idea of how much people will be willing to pay for them. To know more information about Cash For Gold please Click here. Also read my blog: http://blogs.rediff.com/johndugdale12/2013/08/16/the-best-bargains-cash-for-gold/
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