The first coin is said to have been made by King Croesus of Lydia in 560 B.C., though these coins were not pure gold, they were made from a mixture of silver and gold, also known as electrum. In the United Kingdom the official coin is known as the Gold Sovereign and was first issued by Henry VII of England in 1489. Globally, many countries also maintain a national bullion coin, including the American Eagle, the Canadian Maple Leaf, the South African Krugerrand and the Uno (made from silver) and Oro (made from gold) of the United Nations. In the market today, the most popular coins to invest in are the American Eagle and the Krugerrand.
Investments and selling unwanted coins
Selling your bullion coins
If you are considering selling your gold bullion coins, simply order your free gold kit from Postal Gold, ship your unwanted gold coins to us, and our team of professionals will assess the items for their gold weight and fineness, and send you the cash within 24 hours. Not only is this a simple and safe way to sell gold bullion coins, but also a great way to earn money online.
Investing in bullion coins
Bullion coins are comprised of precious metals - the most common variety being gold - and are used primarily as an investment or as a store of value. They come in a variety of weights, and are measured in ounces, or percentages of an ounce. The most common include the 1/20, 1/10, 1/4, 1/2 and 1 ounce. Bullion coins are purchased at a little over the market value of the metal, to cover various manufacturing costs associated with the coins. This additional premium can add a further 4-8% to the price of gold. The cost of bullion coins also varies according to market demand. Investment in gold coins is immensely popular, with an almost inviolable value to the investor.
Buying and preserving bullion coins
The scarcity of bullion coins adds to their value, but can mean it is difficult as a collector or investor to source them. There are a variety of coin and bullion dealers across the UK, as well as some online sources. Coin collecting publications often advertise bullion coins for purchase. Bullion coins need to be handled with care, particularly if they have a higher cartage, as this makes them more malleable and easily prone to being scratched or damaged. It is important that the coins are exposed to as little moisture and air as possible, as this can cause the coin to tone or discolour.