SELL GOLD BULLION ORLANDO Call 407-831-8544.
Sell fine gold bullion, ingots, and U.S. and foreign coins for up to 95% of gold spot price at time of transaction. To check how much your fine gold is worth today see our GOLD VALUE CHART.
Four Factors That Determine the Value of Gold
SELL GOLD BULLION ORLANDO Call 407-831-8544
It’s important to consult with an experienced dealer to ensure that you maximize the value of your gold coin sales. When valuing gold pieces, we consider four primary factors:
1. Spot Price of Gold
The spot price of gold refers to the current price per troy ounce and determined by the commodity futures price, which fluctuates throughout the day. Because a troy ounce is slightly heavier than a regular ounce, prices quoted in troy ounces will always be less per gram than prices that are quoted in standard ounces.
Dealers often provide quotes in troy ounces, grams, or pennyweights. One pennyweight is equal to 1.555 grams. A troy ounce contains 31.1 grams, while a standard ounce contains 28 grams. Keep in mind that even low-quality gold can prove to be quite valuable if the item carries a considerable amount of weight.
3. Purity or Karat
The higher the gold content of your item, the greater its value. The purity of gold can vary substantially, so it’s important to have a general understanding of how the karat of your gold translates into purity. Gold bullion, bars, rounds, and ingots minted by private mints are typically composed of .999 fine gold. It’s common for bars and ingots to feature stamps that showcase the fineness of gold, along with the name of the mint or the company that manufactured the item. Most gold bars will also include an assay number, which confirms its authenticity.
The three factors listed above are strictly for gold bullion or gold bullion coins. Another factor to consider is the rarity of your gold coins. As an example, some U.S. gold coins produced prior to 1933 sell at premium rates.