This is a question asked very frequently by coin owners, sometimes for selling the coins or just out of plain curiosity. It actually gives immense satisfaction to a person to know how valuable his collection is. Whatever the reason may be, here is how you can determine the value of your gold coins:
Intrinsic Value
Intrinsic value of the gold coins would be the price of the gold when it is melted and valued. The gold bullion coins of today are actually valued close to their intrinsic value since buying gold coins is likened to investing in gold. These kinds of coins do not have any premium attached to them. Modern bullion coins are the American Eagles, South African Krugerrands, Canadian Maple Leafs.
Collector Coins
There are gold coins that are rare or old and are collector’s item. These are more valuable than ordinary gold coins. They are priced for their value as a rare coin along with the price of the gold.
Of course for the person who is knowledgeable about rare gold coins either as a collector or a numismatic, such numismatic coins are a much better option as an investment. They know the trade and they know the value of the coin. A medieval gold coin like an Angel can sell for $3 million too. Clearly the history of the coin increases its value.
The four important things that make the value of the collector coins are:
1. The condition of the coin, it should not be defaced or damaged
2. How rare it is
3. If it is linked to history – like a commemorative coin or belonging to a particular significant era
4. Quality of the coin
Your bullion coins are valued close to the gold spot price, and it is easy to check that as it is declared in the newspapers and gold markets daily.
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