SmartMoney Blogs

Ask SmartMoney
Your personal finance questions, answered.

Should I Sell My Gold Coins?

Question: I have some silver and gold coins that I’m tempted to sell, but I’m leery of gold-buying outfits that advertise in the paper. How can I get the best price from a reputable dealer?

– Stan Mayfield, Salem, Ore.

Answer: Your inclination to sell your shiny stuff could be a good one. While gold’s price is up more than 170 percent over the past five years, there’s debate about whether the price will go higher. First, experts say, determine if your coins are simply bullion that reflects the day-to-day price of gold or if they’ve got collectible value. An 1802 Draped Bust Quarter Eagle, for example, could be worth $32,000—far more than the value of the gold in the coin, according to the World Gold Council, a trade group that maintains a vetted list of firms that buy and sell gold. You can also check with the American Numismatic Association.

For more:


We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 17)

View all Comments »
    • you will like fr.023renliu.cn online shopping

    • Basically you need to know what you are selling. Most cash for gold type companies offer not a lot of money and most gold coins can be worth quite a bit over melt to a collector or coin dealer. I would take your gold coins to a trusted coin dealer to ask for a valuation.

      If you have any gold sovereign coins and you would like to find out more about them, take a look at my site http://gold-sovereign.net

    • *******

      It’s a Little off Topic but Anyone Looking for a Job Should Check Out this Website!

      They are Hiring People to Work from Home for $67/hour


      This Job Program has saved Our Whole Family from the Recession!

      And I Can Work from Home with my Kids !


    • Hi,

      I’ve used CashForGoldUsa and they have been nothing short of marvellous !

      Check’em out guys!




    • Interesting great post. In my opinion, content is constantly king. Your site must have beneficial content material to ensure people that call at your web site can go to once more from now on and also advocate your website for additional visitors. In addition, whenever they explain to about your website for their buddies, along with their close friends go to your weblog, they obtain valuable information and also talk about for several occasions site visitors

About Ask SmartMoney

  • Ask SmartMoney has a single, simple mission: Answer your questions. Answers are written by the staff of SmartMoney.com and SmartMoney magazine, with the help of outside experts. Topics cover investing, spending, retirement planning, saving for college, insurance, taxes and more. Submit your question in the form below, or email ask@smartmoney.com.