According to Cookson’s gold website, the price of gold this month has had a high of £28.27 per gram on Tuesday 9th November and a low of £26.86 per gram on Wednesday 3rd 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:
The South African Krugerrand is a 1 ounce gold bullion coin.
On the 27th November, a 1974 Krugerrand sold for £890 after receiving 3 bids.
Also on 27th 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 28th November.
A high price was achieved for a rare 1817 George III sovereign in uncirculated condition, which went for £1,295 on 2nd November.
The cheapest price paid for a full sovereign was £185 for a 1974 sovereign on 20th 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 28th 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.
