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.

The modern gold sovereign coin was first minted in 1817 during the reign of George III.  The iconic Saint George and The Dragon reverse as we recognise it today first appeared in this format in 1821 for the reign of George IV.

At times during its history, the shield back has replaced St. George, notably during the Georgian era and also in the reign of Queen Victoria.

The modern sovereign and half sovereign are made of 22 carat gold.  The full sovereign weighs just under 8 grammes making its scrap value today around £140 with the scrap value of the half gold sovereign being half of that.  Of course, other than some very poor examples of the more common George V gold sovereign they are in general worth far above their scrap value.

For collectors and investors a general rule is that the older the sovereign the more valuable it is, although there are exceptions to this.  Some investors do prefer to buy new mint condition encapsulated gold sovereigns so that they remain in newly minted condition.

If you are collecting, it is worthwhile investing in a case or box which are readily available to house your collection.  This will retain the condition and value of your gold coins and is especially a good idea for the small half sovereigns, only about the size of 1p, to prevent loss or damage.

Recently on eBay 20^th century gold half sovereigns are selling for between £75 and £100 depending on condition.  Some of the more modern full sovereigns are selling for as little as £150 to over £200.  A George III 1817 sovereign sold for £500.

According to Spink (the bible for coin collectors) 2008 issue, the book value for an 1817 full sovereign is between £275 and £1650 depending on condition.  If you are lucky enough to find the much rarer 1819 issue, you could expect it to be worth a minimum of £22,500!

For those collectors who prefer a shiny new gold coin, the Royal Mint is currently selling the 2010 issue of the full gold sovereign, bullion quality in a presentation case for £199.  Imagine what a fabulous gift this would make for a birth, wedding, special birthday or graduation during the year.

Over the years, many people have had their gold sovereigns mounted in pendants or rings to show them off.  This can affect the value, either in a good or a negative way depending on the quality of the mount and whether it has caused any damage to the coin.  Buying these can sometimes result in a mistake, however, as there have been times when gold rings and pendants have been made with fake sovereigns that are of lower quality 9 carat gold and are of much lower value.  If in doubt, don’t buy.