The Collector’s Guide to Selling Gold Coins in 2024

To sell gold coins, you first need to get an appraisal on your coin collection. Depending on the size and value of your collection, consider multiple appraisals. Then, determine whether the highest offer you get is worth parting with your collection and make the call to sell or keep your gold coins.

Overall, learning how to sell gold coins is more straightforward than it may seem.

Selling your gold coins is as easy as finding the right home for them at the right price. To make sure that happens there is a lot to consider with your specific gold coins.

Whether you have inherited a gold coin collection you do not know what to do with, your gold coins are taking up too much space, you notice the gold market moving, or you are interested in learning how to sell your gold coins for cash, let us at Coinfully help you.

There are a few things to consider when you have gold coins to sell. The only way to have any kind of peace of mind is to know that you made the most informed decision about selling your coins.

If you have any gold coins you already know you want to sell, or some would like to know more about, reach out for a free coin appraisal to see how much they are worth.

Are Your Gold Coins Worth Selling?

The gold content in your coins will always be worth something, but we cannot tell you if your coins are worth selling.

Selling gold coins, like selling any other coins, is dependent on where the gold coin’s value lies.

If you are unsure on where the value of your coins lies or inherited a coin collection you are trying to understand the value of, there are three places your gold coin’s value can be.

The coin’s value either lies:

• In the silver or gold bullion in coins.
• In the rarity of the coins.
• Or somewhere in between the other two.

Value in Bullion

Your coin’s value being in the bullion would be based on the amount of gold in your coin.

When you are ready to sell, the percentage of gold in and the weight of your coin are taken and compared with where the gold market is at the time. This would be the same as selling gold jewelry or selling precious metals.

Just like how any gold, silver, platinum, or any other precious metal is weighed in troy ounces (approximately 31 grams), so is the gold in your coins. 

An example is later silver dimes. The value of circulated 1964 silver dimes is entirely in their bullion and do not make a list of rare and expensive dimes.

Value in Rarity

This is when a coin is so rare that the amount of gold in it is insignificant in comparison.

If you are looking at a coin collection you inherited, it can be hard to think there is any worth in these coins outside the face value or precious metals in them.

Believe it or not, sometimes the history of a coin is more valuable than the gold inside of it. The selling price of gold changes more frequently and rapidly than the rarity of a coin does. This is something our experts at Coinfully see more than you think. In 2021 a dollar coin sold for over two million dollars, making it one of the most valuable Morgan silver dollars, and it not for its silver content.

The most expensive coin ever sold was priced so high for its rarity and not its gold content. But we will talk about that coin in a little bit.

Somewhere In Between

Sitting somewhere in between these coins are ones where the price is due to both the rarity and bullion.

This is when the majority of the coin’s value lies with the precious metals, but the overall price of the coin has spiked due to a historical significance in the coin.

Where Can I Sell Gold Coins for the Best Price?

Since the best place to sell gold coins is wherever you are getting the best price, you will not know where the best place to sell your coins is unless you get an appraisal.

You can either sell your coins online or in person. Most places in-person and online where you can sell coins will give you an appraisal as well.

If you are selling your coins for their gold, you can sell your coins anywhere that buys and sells gold, silver, and precious metals.

If you are selling your coins for their numismatic value you will have to decide if an in-person shop or online coin buyer is better for your gold coins.

Where Can I Sell Gold Coins Near Me?

To sell gold coins near you, either go to a coin shop close to you or search for a company that can buy your coins online. At Coinfully, we offer free online coin appraisals and for large collections, we will meet you at your home to appraise and make an offer on your gold coins.

Where to Sell Gold Coins In-Person

Coin dealers and shops will buy your gold or silver coins from you.

This is a similar process to selling anything in person. You will pack up all your gold coins and take them where you want to sell them. They will make you an offer and you can either choose to sell your coins there or take them somewhere else.

A downside to selling your coins in person is that if you take them somewhere and do not think the price lines up with an appraisal that you got, you have to take them home and try again.

Where to Sell Gold Coins Online

Most websites that give appraisals will also be willing to buy your coins online. 

This process involves sending your coins in and waiting for payment to be sent back.

Some people do not like to sell their coins online because they feel that the customer service is never as good or that it is hard to trust a process you cannot see. Which can be true.

That is why we decided to start Coinfully. We wanted to make a quicker, transparent, and more pleasant experience for everyone involved when selling your coins. With payments sent to you in one business day. 

We will even send additional money if, upon delivery, we discover your coins are more valuable than the initial assessment – that’s part of our Coinfully guarantee.

We are especially fond of buying pre-1933 gold coins if you happen to have any in your collection.

How Much Will I Get if I Sell My Gold Coins?

At Coinfuly we cannot say how much you will get for any of your coins without seeing them either in pictures or in person.

The price of your coin depends on the condition as well as supply and demand. Coins in closer to uncirculated conditions sell more than worn coins. Harder to find popular coins sell for more as well.

Even if you have worn and common gold coins, they still hold value in their gold content long term. If this is the case for you, consider your gold coins an investment in precious metals.

What Gold Coins Have the Highest Prices?

A $20 Gold Double Eagle coin has the highest price of any coin ever sold.

Named for being twice as much as the $10 American Gold Eagle coins (which are the most popular gold coins), no other coin has been bought at a higher price than a 1933 American Gold Double Eagle coin at an auction in 2021.

However, you will probably not see this in your coin collection. Of the 14 known examples of these coins, 13 are owned by the United States while the 14th was sold to an unknown buyer for $18,900,000. Making it the most expensive coin ever.

Should I Sell My Gold Coins?

No one can decide that but you.

At Coinfully we will never try to tell you if you should sell your coins or talk you into selling your coins. We can help by telling you how much they are worth, offering you competitive prices, and showing you where any value your coin has is. 

Our experts want to make sure you are knowledgeable about your coins so you can make the right choice in selling or keeping your coins.

If you want to learn more about your gold coins reach out for a free zero-pressure appraisal.