What are Gold Coins?
by Admin
Posted on 15-02-2023 10:14 AM
Our clients can buy and sell
gold
, silver, platinum and palladium bars and coins at highly competitive prices. Merrion gold’s pricing is based upon the real-time spot trading price of gold throughout the day. Please call, email or whatsapp a member of our trading team for a live price quotation.
Precious metals and other items can be stored in a personal safe deposit box onsite at our state of the art vault, or taken elsewhere if required.
Gold coins are produced by government mints and are distinguished from gold rounds by having a face value. The face value allows them to be used as legal tender in the country of issue. Gold coins typically have a slightly higher premium than gold bars due to the extra fabrication costs involved in production. When the spot price of gold increases, the price of gold coins will also increase. View historical spot prices. Investors can buy pure gold coins in sizes ranging from 1 gram to 1 kg.
You can find more information on payment and identification requirements. Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin. Gold investment products are vat free. Silver investment products are inclusive of vat at the current rate unless otherwise stated. All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
The united states gold eagle gold coin family is essentially bullion. Each of the coins contains a specific quantity of gold and its intrinsic value is influenced by the price of pure gold bullion. Not only is it an industrial commodity, it is the world's truest money. American eagle gold coins have four primary factors that influence their prices: cyclical fluctuations in the amount of jewelry and industrial demands as related to the supply of the commodity from mining and scrap recovery affect gold prices. Changes in central bank gold ounces in reserves (government stockpiles) can play a role in supply and demand for the commodity.
What are Gold Bullion coins?
Bullion gold coins for sale are not produced primarily for circulation, rather for investment purposes.
They will have a value that depends much more closely on their gold content, plus perhaps a small premium over and above the value of the gold by weight. Bullion coins can weigh as much as 1000 grammes but the most common weights found (measured in troy ounces of fine gold contents) range from one-twentieth of an ounce to a full troy ounce. Gold fact: the troy ounce (weighing just over 31 grammes) takes its name from the french city of troyes where it was used by medieval traders as a unit of measurement.
“nigel and the team at core bullion traders make it very easy to do business with them and take all the jargon out of buying gold. ”maria b. – kildare “great prices and very professional service. Felt comfortable and secure throughout our dealings with core bullion traders. ”george h. – killiney. “fast, efficient and transparent would be some of the words i would use to describe nigel and core bullion traders. Happy to do repeat business with them. ”frank w. – ballsbridge. “highly recommended no fuss and professional transaction guaranteed. ”david c. – dublin. “purchased some gold coins from nigel recently.