Many investors see platinum as an ideal precious metal to add to their investment portfolio given its rarity and variety of uses. For example around 5 million troy ounces are mined every year compared with 82 million troy ounces of gold and 547 million troy ounces of silver. It tends to do better during times of economic prosperity, given that investors invariably look to buy gold and silver during economic depressions. However in the last year the price of platinum has actually sky rocketed and almost doubled. Due to its rarity (you have to mine 14 tonnes of stone to get one ounce) it is a lot more expensive to buy platinum coins than buying silver and gold coins. There is also a great demand nowadays for platinum jewellery, especially in China, which has further increased the price. Since platinum, as said before, can be used for such a variety of products it seems that the demand for platinum will always outweigh supply and therefore offers a great investment opportunity.

Ways to invest in platinum

One way of investing in platinum is by buying strong platinum coins such as the American Platinum Eagle which similar to other gold bullion coins like Krugerrands comes in 1/10, 1/4,1/2 ounce weights as well as the one ounce weight. It is also worth noting that American Platinum Eagles are unique in that on the reverse side of the coins they have a different design that changes every year. It is also possible to invest in platinum mining companies rather than the metal itself which has proved profitable in recent years.

Where to sell gold coins?

There are a number of ways to go about sell gold coins. One thing to keep in mind when considering how to sell gold coins is the gold content of the coin. A gold bullion coin like an American Gold Eagle has an exact gold content guaranteed by the American government and it is therefore straightforward to work out the value of your coin based on the market price of gold bullion. If, however, the gold content of your coin is unclear, some dealers may try to pull the wool over your eyes by telling you that the carat is in fact lower than it really is. The best and most reliable way to sell your gold coins would be to send them off to PartyCash4Gold.

How to sell your gold coins to PartyCash4Gold

Gold bullion coins

PartyCash4Gold offers the easiest and most efficient solution to the question of how to sell gold coins. Simply request a free insured gold kit from the website and post your gold to us. PartyCash4Gold will then value your gold and send you a payment within the next 24 hours. There is no obligation for you if you decide to reject the valuation. If you are not happy with our offer, we are happy to return the gold items to you, no obligation. For full information, please refer to our terms and conditions. In addition to gold coins PartyCash4Gold will buy your gold bracelets, rings, dental gold and gold bars.

Different types of coins

There are two types of coins, commemorative or bullion coins and coins struck for circulation. Generally it is the gold bullion coins that have the highest value. Probably one of the best known gold bullion coins is the South African gold Krugerrand, which was the first gold coin to weigh one troy ounce of 22 carat gold. Other gold bullion coins include the British Britannia and Sovereign, the American Gold Eagle and Austrian Gold Philharmonic. The price of Krugerrands and other gold bullion coins generally depends on the market value of gold. The price may also depend on the age, the number originally produced and the design quality of the coin. Krugerrands are the most popular coins for buyers because they generally have the lowest premium on top of the intrinsic value of the coin. When the Krugerrand was first struck in the 1960s it’s typical premium was 3% whereas other bullion coins of the time like the Sovereign had premiums of around 40%. Since then other mint’s have reduced their premiums to around 10%. Some mints have started to produce silver and platinum coins like American Silver Eagles. If you are still thinking about how to sell gold coins then why not try PartyCash4Gold today

If you are thinking about selling old gold coins, PartyCash4Gold offers the fastest method to do so. Once you order a gold kit from PartyCash4Gold, you can get cash for your gold in no time. Not only does PartyCash4Gold offer an extremely fast way to sell gold coins, but the process is secure and insured and with the 100% Satisfaction or return back Guarantee. There is no obligation for you if you decide to reject the valuation. If you are not happy with our offer, we are happy to return the gold items to you, no obligation. For full information, please refer to our terms and conditions

Famous gold coins

Gold coins fall into 2 categories, collectors’ coins and bullion coins. There are many famous types of bullion coin such as the British Sovereign, the South African Gold Krugerrand and the American Silver Eagle coins coins. The oldest of these coins is the British Sovereign which was first issued in 1489 under the direction of King Henry VIII and is still in use today. New sovereigns contain 22ct gold and weigh in at just under 8g, but interestingly the weight and size reduce over time as the coins are used and worn down. However, perhaps the most famous gold coins of all were not British but American and Canadian. The largest gold coin on record was struck by the Royal Canadian Mint weighing 100kg with a value of $1 million. Even more impressively, a 1933 American Double Eagle gold coin sold for over $7.5 million at Sotheby’s in 2002 and is the most valuable coin ever sold.

Collectors Value

Consider collectors Value When Selling gold Coins

Gold bullion coins are normally only valued by the gold content and are an excellent way to make cash for gold. Collector’s coins are slightly different and are not only valuable due to the gold content of the coin, but also due to the date, location and design. You should determine which category your gold coins fall into before selling your gold coins.