How to Sell Gold Coin | Gold Coin Buyers – Las Vegas & Henderson
A bullion coin is a type of coin that is made of precious metals. It is used as an investment or a store of value (an asset that can be saved, redeemed, or exchanged) rather than for everyday commercial use. The official gold bullion of the United States is the American Gold Eagle. Gold coins are good for investment as gold is a commodity that appreciates over time. Read more to learn about gold coin buyers, how to sell gold coins, gold coin prices, and more importantly where to sell gold coins.
How to Sell Gold Coin
When it comes to selling your gold coin, it is important to take note that the price of gold changes daily. For example, you bought your coin at $1000 per oz., you sell it at a higher price. At Nevada Coin Mart, we can help you make that decision. Our selling process is easy, you can fill out our online quote form here. So we can give you the day’s offer, or you can come down to our store so we can evaluate your coin in person.
Where to Sell Gold Coin
Nevada Coin Mart has decades of experience in dealing with gold and is the best place to sell your gold coins. We have experts in coins and numismatics and will be happy to discuss gold coins.
History
The American Gold Eagle was first minted in 1986 by the United States Mint under the authority of the Gold Bullion Act of 1985. The coin since became one of the world’s leading gold bullion coins for investing. The coin was called American Eagles because “eagle” was the official designation for ten dollar gold coins before 1933.
American Eagles are all 22-karat gold. The 22-karat gold has been the standard for all circulating gold coins since more than three centuries ago. They all have the same amount of pure gold and a tiny amount of other metals. American Eagles have four sizes: one-tenth ounce, one-quarter ounce, one-half ounce, and once ounce.
United States law dictates that all gold should be mined in the country. Coins should also be alloyed with copper and silver to make them durable.
Design
The front side of the coin is an interpretation of Lady Liberty by Augustus Saint-Gaudens. Lady Liberty has flowing hair in this version. She is also holding an olive branch in her left hand and a torch on her right. The Capitol building is also depicted in the background. Also, on this side contains the word liberty, and the year it was minted.
The backside of the coin has two eagles. A male eagle carries an olive flying over a nest with a female eagle and her hatchlings in it. This side has the words: the United States of America, e Pluribus Unum, In God We Trust, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz fine gold~50 Dollars.
Gold Coin Price
The coins have a legal tender face value of $5, $10, $25, and $50 concerning the weight. However, the actual selling price depends on the current spot price of gold, which changes daily. The coins are considered legal tender, which means that the courts of law recognize them as payment for any monetary debt.
The coin’s face value does not really matter when you sell your gold coin. When you sell your gold coin, gold coin buyers typically evaluate coins using the following criteria:
- The spot price of gold
- Weight
- Condition
- Year
- Mint Mark
To learn more about the spot price of gold click here.
Gold Coin Buyer
Do you have a few coin collections that you want to sell for instant cash? We at Nevada Coin Mart are the #1 buyer of gold coins in Las Vegas, Henderson, and even the entire Nevada state!
Our store is open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.
