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We Buy Gold Coins
Gold coins come in different forms. They are available in regular gold coins, bullion coins, or gold bars. Bullion coins often get recalled by the government and then aren’t worth anything, but are one of the most inexpensive forms of gold coins that are available and currently provide a large return on the initial investment. Gold bars are the most inexpensive. Cash4Gold buys gold coins.
Gold coins are valued for their weight in how much reusable gold is actually contained in the piece. Weight of gold is labeled in ounces or karats, whereas silver and other precious metals do not use the karat designation. One karat of gold is the same as the 24k marking, which means that it’s 100% gold and very malleable. 24k gold is not ideal in jewelry because it would break or dent too easily. Most gold used for jewelry and other uses actually contains 60% gold and has the 14k designation.
As mines are stripped globally of gold, the price for gold goes up on the international market. The deeper digging has to be done and the more complex the process of securing the gold, the more expensive the gold becomes. Costs for running machinery, such as large trucks and other machines that require oil to run, can also increase the pricing for gold. Much of the gold in existence has already been lost due to mining difficulties of having to separate the gold from other minerals, and market rates bounce up and down all the time. This isn’t a very secure time for the pricing of gold, but gold rates are on the rise and will continue to rise for quite some time. Many wise investors have chosen to invest in gold and other precious metals, and have made a bundle of money. These factors are why we relentlessly commit to providing excellent customer service, and strive to educate all our clients.
Meanwhile, the American dollar loses its value on the international market even quicker with today’s economic crisis. As our government prints more bills to help us out of our economic struggle, the index for the American dollar gets lowered. This also helps to raise the pricing of gold.
Even real estate is quickly losing its opportunities as an investment. It’s slowly becoming a situation where gold (and other precious metals) is the only currency that will have any actual value, and turning it into cash while the market bounces around will help us to afford the things we need. We are currently seeing higher and higher peaks in gold pricing and will continue to do so for quite some time. Gold is safer than having cash sitting in our banks, as we have discovered in recent times. Gold coins are easily liquidated into cash, and Cash4Gold buys gold coins.
Trading in gold coins to reputable dealers, like Cash4Gold, while the market is up means we will be able to see a bigger return on our investments. And, some gold coins do not have to be reported by the dealer to the IRS as an investment on our behalf since they are exempt from being taxed, which lends added security to the bottom line. The coins that are not required to be reported (or are exempt from the 1099 form) include the American Eagle, the Austrian Philharmonic, bullion coins, and others.
Cash Value On Gold Coins
The face value on a gold (or precious metal) coin does not matter, as it is only there to help identify the coin as legal tender on the market. What does matter is the amount (or weight) of the actual metal contained in the coin and its quality. Cash4Gold determines the value of the gold coin in terms of melt value (or intrinsic value), which considers the weight of the gold (in karats), the quality of the gold, and current gold pricing on the market.
If you’d like to know where to sell gold coins, you can come to us because we buy gold coins. Usually after ads on television or the Internet are seen, our clients’ next step is to contact us either by phone or email and request a Refiner’s Return Pak. Once we receive this request, a packet goes out and includes a letter from our CEO, a bag in which to send the gold coins to us, and general information about the process the coins go through, which is provided to educate our clients on our method. Then, the gold coins are sent to Cash4Gold in a pre-addressed, pre-insured, and postage-paid envelope to our highly secured facility by armored truck where we next verify what was sent, photograph the items, and determine how much actual reusable gold is contained in the items and its melt value.
We insure our packages up to $100, but packages can also be sent by UPS and will be insured up to $500 in this manner. Items that are determined to have no value are thrown away unless the client specifically requests we return them. We cut checks the same day the items are processed, and our consumer will have 12 days to decide whether or not to accept the offer. If the offer is refused, Cash4Gold must be notified by phone or email and the client must request to have the items returned.
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