How To Sell Certified Gold Coins Posted by James Randolph on November 30, 2009
November 30, 2009 – If you would like to learn how to sell certified gold coins that have been authenticated as being in “Mint State Uncirculated” condition by the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC), this daily briefing should help you.
Although the vast majority of US citizens are increasing their precious metal holdings at the moment, there are always investors who want to take profits by liquidating their assets. This tutorial will be helpful even if you are not an investor, because many individuals have come into the gold market through an inheritance or a lucky find. No matter how you came into your certified gold coins, it is imperative that you are able to convert back into cash with ease.
Prices of certified gold coins can be tracked at www.PCGS.com, but keep in mind that these prices represent the national average retail prices of a given coin. While some retailers may sell coins at or above these prices, it is highly unlikely that any dealer will pay you that amount. Reputable gold exchanges employ a buy-and-sell spread of 14-24%, which means that you can expect a buyback price of 14-24% below the price that the coin is selling for.
You could attempt to sell your metals through eBay, Craigslist, or another online market for a higher amount that a gold dealer will offer, but it could require weeks or months to liquidate these holdings to a reliable buyer. Most investors contact a mainstream exchange and get a live quote, preferably the same exchange that the coin was purchased from. The Certified Gold Exchange bids on commonly traded and widely known certified gold coins, so call or email us now to get a live quote if you wish to liquidate your holdings or add to your current collection of coins.
Senior Staff Writer – Certified Gold Exchange