For Indians, gold is a valuable asset which has passed down from one generation to another. Without gold, weddings, pujas, and festivities such as Akshaya Tritiya and Dhanteras feel incomplete. Gold is not just a metal for Indians, it is an emotion. You can buy gold coins of varying purity and different weights. 

In times of uncertainty, gold coins are easier to buy and sell. At the same time, they offer a higher return on investment. However, many sell old gold jewellery yields higher returns, but it isn’t the case as many factors come into consideration. 

This blog will discuss why selling gold coins is a smarter investment, along with the process of finding the right buyer. Let us begin now.

Benefits of Selling Gold Coins

1. Liquidity 

Gold coins are easy to buy and sell. They are mostly available in 24k (karat), which are safer to keep in the bank lockers or at homes. They are widely recognized and accepted as a form of currency as compared to gold jewelleries. In fact, gold coins can be used as a substitute for fiat money during economically unstable times.

2. Protection Against Inflation

Gold coins can be used as a significant backup during an economic crisis. When the value of paper currency falls, the prices of gold tend to rise. In case of gold coins, their value is appreciated over time, making them a reliable choice in times of uncertainty. Moreover, gold is a finite resource whose value won’t fluctuate against market volatility. In the case of gold jewellery, its value may fluctuate due to outdated designs, impurity, and any significant chances of damage.  

3. Long-Term Investment 

Diversifying your investment portfolio is essential. It is easier to buy gold coins than gold jewellery. There are no hidden charges involved while buying gold coins. Gold has survived wars, economic crises and natural disasters, making it a safe bet amongst the investors. Therefore, gold coins can provide you with a higher return upon selling them with a reduction in potential risks. 

How to Sell your Gold Coins

Know the entire process of selling gold to ensure a safe transaction. Let’s learn in detail how to sell gold coins to ensure maximum return. 

1. Understanding the Value of Gold Coins

Although the prices of gold coins fluctuate less as compared to gold jewelleries, there are several factors which determine the value of gold coins. They are given below:

• The purity of gold coins varies from 22 karat to 24 karat, which determines their selling price. 
• The higher the weight, the greater the selling price of gold coins. 

2 . Evaluate Selling Options

You can sell gold coins online and in offline stores. However, stores like Cash on Old Gold offer fair prices upon selling your gold. We provide market prices. On the other hand, jewellery stores and pawn shops may undermine the value of gold based on their preferences. You may also choose an online platform to sell your gold. 

3. Research Buyers

Research about various companies that will buy your gold at a fair price.Type phrases like “Sell Old Gold Jewellery cash near me” or “Old gold selling price today”. Check various company websites to learn about their process and customer services. The right gold buyer will offer transparent insight on how they measure gold and its purity. The most crucial factors which determine the prices of your gold coins. Hence, your transaction process turns out to be safe and secure with us. 

4. Keep Your Receipt Ready 

Many people make the mistake of selling their gold without any certification and receipt. This may result in underpayment upon selling your gold coins. Your gold must have a hallmark to ensure its purity. Your receipt of when you brought gold jewellery proves your ownership. 

5. Finalize sales

A certified buyer like us will pay you the best price for selling gold coins based on market value. Upon acceptance of the offer, the buyer will pay you instantly either via cash or a preferred online mode of transaction. Keep the transaction receipts to avoid any future hassle. 

Conclusion

Therefore, we can conclude that gold coins offer a higher return on sales as compared to gold jewellery. Gold coins are easier to sell and buy with guaranteed security. If you want to have gold for personal use, you can opt for jewelleries. If you are thinking about long-term investment, then invest in gold coins and sell them in uncertain situations. However, choosing the right old gold jewellery buyer is the key to ensure safe and secure transactions. To sell old gold jewellery or gold coins, you can visit our store. We offer fair prices on your gold coins with a clear step-by-step process.