1oz Gold Krugerrand for Sale on Amazon

Since last year about this time when the price of gold was about GBP 24.29 per gram this year this has increased to GBP 28.32 per gram in March to GBP 28.84 per gram on 13^th April. As you can see gold is still continuing to rise at a very good level and over GBP 4.50 per gram higher this year than last year.

The Scrap gold prices have also continued to rise in line with the actual gold price and for 9 carat scrap gold the current price is £10.49 per gram, 14 carat scrap gold is £16.36 per gram, 18 carat scrap gold is £20.98 and 22 carat scrap gold is £25.63 per gram. This is a good increase from this time last year and if you then compare this to the prices which gold is selling for on eBay this month so far:

The krugerrand is probably the most famous of all the gold bullion coins and will normally come in 1 ounce coins. Historically the Krugerrand has made good money on eBay. As an example last year a 1984 Krugerrand sold for £454 and a 2008 one sold for £560 and two Krugerrands in mint condition dated 1979 and 1988 sold for £799.99 and £755. This year here are the results from some Krugerrand sales on eBay:

A One ounce 1979 Krugerrand sold for £920.01 on 13 Apr 2011. A one ounce 1975 Krugerrand sold for £900 also on the 13 apr 2011. Looking at the results on eBay a One ounce Krugerrand will now sell between £900 and just under the £1,000 for a good example which is a significant increase in the price of Krugerrands from last year.

Another gold coin which is a firm favourite is the Gold Sovereign the full sovereign weighs about 8g and is 22 carat gold these coins are always popular on eBay and a George V was selling for about £180 to £200 last year Victorian sovereigns are more costly depending on condition. This year full Sovereigns are now selling for about £220 to £230 and Victorian ones going for  over £260. This is a big increase in a year with about £60 more being paid for Victorian sovereigns.

Last year the half Sovereign was selling for about £85 to £90 with exceptional uncirculated coins such as a 1910 half gold sovereign selling for £111. This year the half sovereigns are selling for about £110 with good examples and rarer years selling for about £140 and upwards, again this is well up on this time last year and the prices still seem to be not just holding but vastly increasing each year.

Scrap gold is also a very popular commodity on eBay and generally goes for a better price than most places where you can exchange gold for cash. There are lots of these cash for gold firms and shops appearing on the television, internet; even the high street is starting to be full of shops all wanting gold for cash. The increase in the scrap gold price has something to do with this but you will be hard pushed to get as much for your gold from these places as selling it on eBay. Looking at recent results 7 pairs 9ct gold earrings 8gms sold for £85.52 which is about £10.50 per gram and 31.9gms of scrap 9ct gold for £323.23 which again is over £10 per gram which is better than any other place I have seen offering to buy scrap gold.

Gold prices have endured a certain amount of fluctuation throughout the year of 2010, in line with the continued economic downturn and subsequent recovery. However, on average the value of gold has risen steadily through the fiscal year, soaring from a unitary cost of £24.09 in April to £27.50 in early November. The value of gold emerged from a troubled 2009 and consolidated steady growth through the summer months, leaving a bountiful market and tremendous opportunities to sell gold to the renowned winter consumer demand. This year has proven the assertion that the average value of gold actually rises during times of depression or economic decline.

Indeed, for those with the acumen and capital to buy gold throughout 2009 and the early months of 2010, their investments could reap solid rewards. For hoarders and traders, there is an expectation for the price to peak through December, therefore providing the optimum time to cash in, both in terms of the gold’s market value and the level of demand present within the marketplace. The rise in the price of gold is also reflected in the average unit costs of 14, 18 and 22 carat scrap items, with an increase of £3.00 per range between April and November 2010.

Specialist Items And Investing In Gold

In terms of buying gold for an incremental investment, gold coins and bar format gold bullion are two of the most popular choices. These items are very collectable, and there are many individuals who will purchase gold privately for a negotiated fee (in line with the specifications and overall value of gold). Such investments have historically proved popular, as fluctuations in the price of gold are not as drastic or changeable as other investment commodities, and this trend has continued through 2010. Coins and bullion are an ideal source of financial insurance, as they will also retain a value within the market.

Gold Bullion And Proof Coins

There are subtle differences between gold bullion coins and gold proof coins however, which are significant in terms of their cost and value when considering selling gold. Gold bullion coins are valued and costed strictly on the levels of gold and precious metal they contain, whereas gold proof coins are designed and produced as specific collector items, so can carry additional value depending on the individual theme of the coin and the collector in question. All gold coins, whether they be classic or contemporary items, are very popular amongst private collectors and investors alike. These are viewed a being similar to currency rather than a commodity, as whilst its value and cost will dip and soar, gold and gold coins can never be rendered worthless or without value.

One of the most popular and valuable gold bullion coins on the market is the South African Krugerrand. There are coins available between 1967 (the year of the Krugerrands inception) and the current day, at an ever steady average cost of £860.00 (with an estimated gold cost of £800 per ounce). They are not aesthetically pleasing and nor were they ever designed to be, but they remain popular due to their predictable and reliable value over a distinct period of time. Another reason for its demand amongst investors and collectors is that it is an example of legal tender in South Africa, the Krugerrand can be imported into many countries world wide without the charge of import tax, VAT or duty.

A more economical and historic bullion coin renowned throughout the gold industry is the sovereign. The demand for these coins has experienced a sharp increase through the summer and peaked in October 2010, as collectors clamour to purchase these at the vastly reduced cost as compared to the Krugerrands. The sovereign range of rings is the most competitively priced within the gold bullion market, with a vastly superior profit to be made on resale as opposed to other coins. In addition to this, sovereigns are exempt from the burden of Capital Gains Tax in the UK, and are also a far more attractive and stylish design of coin for collectors. Their historical merit is also a significant consideration to a discerning collector.

Gold Bullion Bars

The popularity of physical gold bullion as an investment items was maintained through 2010, due in part to the global financial uncertainty and the fact the physical bullion does not depend on a suppliers pledge to pay. This removes a huge element of risk present in other services and commodities, giving an investor insurances as to the security of his capital. In addition to the bullion coins, gold bullion can be purchased in single bar format, and there are a surprising range of designs and choices available to the consumer. Quite often, however, if a specific type of gold bullion bar is required then the supplier will need to be informed as many simply sell bullion as an investment rather than a specific, collectable item.

The most in demand and commonly requested are Swiss gold bullion bars. Switzerland is renowned for its gold and banking, but many of its physical bars are rarer items. An example is the Swiss Volksbank bars, which are a rare commodity especially in the 1000 gram mould, and require much research to source from suppliers. Bars from the famous UBS Union Bank in Switzerland are also popular items that are often requested, due to the renowned name and the distinctive shape and dimensions, and these bars are also available in sizes ranging from 100 to 500 grams.

Continued Growth

A review of the price of gold in 2010 would have to conclude that, despite fluctuating financial fortunes in various national economies, gold has managed to maintain a steady inflation in unit cost and value across all its designs and formats. Whether scrap gold, gold bullion or gold coins, the steady increase in value and price is an indication of the special properties that gold as a material holds as an investment opportunity, and the gold industry is predicted to see further growth throughout 2011. It is easily sourced, is not susceptible to the risk of failure to supply or to pay, and due to government borrowing sees its value increase through times of economical hardship. If 2010 has proved anything, it is that there is no more reliable physical investment of capital than one that is made in gold.