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

.

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.

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.

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’.

When jewellery is being purchased for its gold content the value will be in direct correlation with the daily price of gold in the stock market and usually giving you a much better price. When looking around for the company you want to deal with you may consider comparing a few websites of interest to this website at Money4Gold.co.uk. They are a well established and reputable precious metal & diamond buyer and an excellent website to compare other companies to and assist you with making this important decision.

There are many possible reasons for needing extra cash but no matter what those reasons are, selling gold jewellery that is just put away in a jewellery box and never looked at or used would be an excellent option. There would be no need to apply for a loan and then have to pay it back plus interest. There would be no need to have to ask a friend or relative to loan you money when you can get it quick and easy by selling gold jewellery online.

You may even benefit if you were to sell it whether you need the cash or not and put it somewhere it can gain interest so you’ll have it when you need it and maybe a little more with the interest! This will be taking advantage of the higher value now instead of waiting until the price of gold goes down to sell it. The privacy and the security these websites use make it much safer to sell gold jewellery online than it is to go into a pawn shop. The gaudier the jewellery is the heavier the jewellery usually is and with a precious metal & diamond buyer, heavy can be good… very good! This of course will depend on how much of the “heavy” is gold.

So if you are in need of cash for helping ends to meet, because the car needs new tires, the children need new clothes, the family wants to buy a piano, or for any reason your heart desires you can earn it by selling gold jewellery online today.

Harry Smith provides useful industry insights on selling gold, silver jewellery and other relevant information about this industry. His informational articles help many a customers to make money through selling gold jewellery, broken gold, raw gold selling and to earn cash for silver. For more information on how to sell your gold online; please visit http://www.money4gold.co.uk.

Article Source: http://EzineArticles.com/?expert=Harry_G_Smith

http://EzineArticles.com/?Selling-Gold-Jewellery-Made-Easy&id=3496229