Worth depends entirely on who is interested in buying the gold coins. Since the worth of the coin is determined by the price someone else is willing to pay for the coin. So it’s important to know there are two types of coin buyers, investors and collectors. If your coins are unique, rare, or old, then the most likely buyer will be a fellow collector. While on the other hand if your coin is a simple bullion gold coin, an investor’s price will most likely be your coin’s value.

Investor’s Value

The investors will value coins based on the price of gold plus a small premium included in the original cost of minting, distribution, and other retail costs. The normal premium for gold bullion coins is 5% over the price of gold. So for example, if gold is trading at $855 then your coin is worth $897.75, which is $855 times .05 equals $42.75, which is then added back into the original price of gold, in our case $855 plus the premium $42.75.

Collector’s Value

The value to a collector is entirely different from the value investors place on a coin. But, before you can properly value your coin collection there are some tips from Goldprice.org, “[keep] the coins in the same condition as when they were first purchased. Never taking them out of their sealed packaging so they do not get damaged or, in the case of silver, tarnished. Never clean them and keeping them out of direct sunlight.”

The best way to find out what your coins are worth is searching eBay or other coin stores online to see what the same or similar coin is selling for. The second way method includes websites such as Heritage Auctions, What’s my gold coins worth?, and CoinFacts.com What are gold coins worth are two websites to use when finding out the value of your gold coins.

Finally there’s getting a professional coin dealer to value your coin collection. This option, however, does cost some money. If you do decide to get a professional valuation, be sure to ask for a written official result, which will not only provide you with the worth but also others should you decide to sell your collection. Yet another reason to seek out a professional valuation is insurance. Depending on your insurance company and policy, you would be able to submit the professional’s valuation to insure the value of your gold coins.

Regardless of the method you chose, there is a way to find out what your gold coins are worth. And when you find out what your coins are worth let’s hope you can finish the question, “What are my gold worth?” with “A lot more than I paid for them.”