According to Cookson’s gold website, the price of gold has had a fairly steady month so far, with a high of £24.29 per gram on Wednesday 3rd March and a low of £23.50 per gram on Friday 12th March, bringing the average for the month so far to £23.91 per gram.
The average price of 9 carat scrap gold for the month is £8.65 per gram. The 14 carat scrap average is £13.50 per gram, the 18 carat scrap average is £17.31 per gram and the 22 carat scrap average is £21.14 per gram.
Taking a look at the prices that gold was sold for on eBay this month so far:
Krugerrands
The South African Krugerrand is a 1 ounce gold bullion coin.
On 20 March 1984 Krugerrand sold for £454 after receiving 15 bids.
Although 20 March 2008 Krugerrand sold for £560 after receiving 20 bids
another Krugerrand from 1979 status be in excellent condition, received by now price of £799.99 and one from 1988 in mint condition was bid up to £755.
Gold sovereign coins
Sovereigns always sell well on eBay, and this month is no exception. The full gold sovereign weighs a fraction under 8g of 22 carat gold.
The common George V full gold sovereign has been selling for around £180-£200 this month, while the top price received for the full sovereign on 20th of March was an 1887 Victorian sovereign, described as choice uncirculated and sold for £301 after 15 bids.
The cheapest sovereign sold this month, went for £176, and that was the 1979 full sovereign. You can normally pick up the Victorian sovereign, in quite reasonable condition on eBay for less than £200.
Half sovereigns have been going for around the £85-£90 mark, with a better price being paid for an uncirculated 1910 Edward VII half gold sovereign, which sold for £111 after receiving 14 bids.
Scrap Gold
Scrap gold is another thing that always sells well on eBay with the prices achieved being close to what you would get by taking your scrap gold direct to a dealer. On 21 March 14 g of nine carat scrap gold sold for £417 which at just over £8.35 per gram is a little below market price. But when you consider that the buyer had to pay £5.50 for postage the price achieved is very reasonable.
The key to success is understanding that unlike many products.. GOLD is CASH and that in knowing that there is a ready and instant market for your SCRAP GOLD – your CASH FLOW and your ‘PROFITS’ are ‘Protected’.
