According to Cookson’s gold website, the price of gold this month has had a high of £28.27 per gram on Tuesday 9^th November and a low of £26.86 per gram on Wednesday 3^rd November, bringing the average for the month so far to £27.50 per gram.

The average price of 9 carat scrap gold for the month is £9.95 per gram.  The 14 carat scrap average is £15.53 per gram, the 18 carat scrap average is £19.91 per gram and the 22 carat scrap average is £24.31 per gram.

Let’s take a look at the prices that gold bullion, gold coins and gold scrap was sold for on eBay this month:

Krugerrands

The South African Krugerrand is a 1 ounce gold bullion coin.

On the 27^th November, a 1974 Krugerrand sold for £890 after receiving 3 bids.

Also on 27^th November a set of three Krugerrands sold for £2,600 after receiving 6 bids, making the price just under £867 each.

In eBay shops a buy-it-now price of £925 was achieved for a Krugerrand in immaculate condition

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Gold sovereign coins

Gold sovereign coins are always popular 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 £210-220 this month, although a 1917 sovereign from the Melbourne Mint sold for £266 on 28^th November.

A high price was achieved for a rare 1817 George III sovereign in uncirculated condition, which went for £1,295 on 2^nd November.

The cheapest price paid for a full sovereign was £185 for a 1974 sovereign on 20^th November. The description and picture of this coin was so bad that the buyer had to take a risk with what they were getting.

Someone was lucky enough to pick up a real bargain with a 1906 half sovereign going for just £75. At that price you could buy one of the new quarter sovereigns.

Scrap Gold

Scrap gold is something else that continues to sell well on eBay with the prices achieved being close to what you would get by taking your scrap gold direct to a dealer.  On 28^th November 29.4g of 9 carat scrap gold sold for £310.85 which at just over £10.57 per gram is a little above market price.

As an investment plan you can’t go far wrong with gold coins. Whether you are simply beginning a collection of Krugerrands or even if you have already owned Krugerrands for years, this article may well be somewhat valuable.

Throughout history, almost every country will have made or still makes their own gold coinage. In the past a lot of these valuable gold coins were essentially used during every day lives as cash. At present these coins are more likely to be minted especially for collectors of coins or gold investors. Should you choose to make gold part of your portfolio and would also love a collection that is lovely to show-off or enjoy as a fascinating pastime; look no further than starting to collect gold coins.

You might like to construct your collection based on up to date coins or amass older coins or a mixture of both types. Gold coins are made in assorted values and weights, this means that you might collect even on a strict budget. Certain net websites or coin retailers will offer to choose a package of these coins originating from various countries and will then send this selection to you. The charge for these packages might be £500-£3,000. Within them, the quantity of gold coins you are sent will be dependent upon a number of factors as in: Today’s gold price; the weight and size of the gold coins; how rare they are and also their carat value.

Krugerrands are minted in accurate weights; for the full Krugerrand this is 33.9305g. Their fineness (gold content) is 0.917 which is a fraction over 22 carat.

Many places these days produce their own bullion gold coin to compete with the original gold bullion coin – the South African Krugerrand. Some countries also make special commemorative coins to record the milestone of a special incident or the incident itself. Commonly, these special commemorative coins can be bought as proof sets, and can be a limited edition, which means that only specified quantities are issued. This concept enhances the future scarcity appreciation and desirability of these commemorative coins.

One more great benefit to building a collection of these coins ought to be that in a large number of places this will be a “no tax” way for investment as, at this point, many countries don’t put tax on these coins whilst they could continue to be paid out as money. However in fact, anybody would need to be unhinged to hand over a single gold sovereign in order to buy some things costing one pound since they are worth over a hundred times that at today’s gold scrap value.

If you commence investing in Krugerrands you will need to pay more for coins in extra fine condition. In most cases, coins for sale are graded for quality and the value of your Krugerrands varies dependent on the grade of the coin. Your collection of gold coins will probably need to be graded for condition by an expert anytime you decide to sell them. It is possible to obtain uncirculated issues of just about any modern coins and although you will certainly pay out a little more for this quality of coin, they should be perfect and should be a useful purchase.