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With the price of gold on a steady climb in the last few years, many people think now is the time to sell gold coins theyve been collecting. Whether its right for you depends on a number of criteria, including how badly you need the money, what youll do with the profits and whether a long-term gold coin strategy is best for you.

Gold coins are usually made in one troy ounce weight Alejandro Bedoya USA Jersey , making it easier for coin dealers, governments and collectors to easily and accurately value gold coins regardless of where or when they were minted. The exceptions are the seldom seen and truly rare gold coins that are a hundred years old or more. These can have an inflated value dependent more on their beauty and scarcity than on their gold content alone.

If you have gold coins such as South African Krugerrands, Australian Kangaroos or Canadian Maple Leafs, its easy to find out what they are worth to collectors by visiting one of the many sites that buy and sell gold coins. If you sell to one of these sites, keep in mind that you wont receive what the coin is actually worth. Remember that these companies are buying and selling gold to make a profit so they need a margin for mark-up. However you can make a decent amount if your coins are in good shape.

Some things that will affect the value when you sell gold coins include:

Condition of the coin. Is it in mint or near mint condition? A worn or damaged coin isnt worth as much.

Do you have the authentication paperwork? Some dealers wont buy a gold coin if you dont have the certification that proves it is genuine because it is harder to resell. Forged coins are also a problem, and dealers do not want to get caught up in this.

Do you still have the presentation box the coin came in? This .