What's It Worth? Is Bullion Ever Collectible?

Publish Date

Yes. We are always buying gold coins, but some are worth more than their gold value.

Everyone likes to have silver or gold in their portfolio, but 99 percent of bullion coins are just that — bullion only — and worth only the gold value. At any given time, it can be worth from 5 percent under to 6 percent over gold value. These bullion gold coins are minted and sold by most countries. South Africa has krugerrands, China has pandas and Austria, Mexico, Canada and other countries mint 1 oz. coins from their reserves and sell to investors who believe gold pricing is going up.

Now that gold value has skyrocketed to $1,700 per ounce, many are disposing of these underperforming assets and using the money for stock market investing or future vacations.

Today we will discuss some of the sleeper dates on these coins. In this industry, ‘sleeper’ is defined as value that most people don’t think is value. Foror instance, most 1 oz. panda coins are worth their gold value, which at the time of this writing is around $1,700. However, there are certain key dates that bring considerably more than the gold value — which is a little secret most dealers don’t share.

The Chinese panda began in 1982 and in the late 1990s, these coins were plentiful. In times of crisis and high gold value, many were melted — as a result, low-mintage years like 1997 and 1998 experienced a bump in value. These two years, along with the date of origin (1982) often bring significantly more than just bullion value. A 1982 1 oz. panda typically sells for double the gold value — and extremely high grades can bring even more. Even a half oz. from 1982 will often bring $1,000 to $1,500. A 1997, 1 oz. panda in good condition will go for $100 tot $50050 over gold value. A 1998 1 oz. panda, depending on variety, can go for $200 over gold value or as much as double the gold value. Please note that damaged or worn coins, even if a good date, are only worth their gold value.

We are experienced in bullion of every kind and urge you to visit us if you have questions, or want to buy or sell.

If you are interested in selling gold bullion, krugerrands, maple leaves, gold coins or American gold pieces, give us a call. You have seen us in Forbes Magazine, the New York Times and the Wall Street Journal. ALL RIGHTS RESERVED.

We will meet you at your home, bank, or attorney’s office.

No estate too small or too large.

Need a house call in Tampa or Pasco County? Give us a call!

Stop in or call 727.896.0622 for an appointment.

Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com.

Hess Fine Art - Fine Art, Auction, Watch and Antique Experts Since 1984

Hess Fine Art, 1131 4th St. N, St. Petersburg FL 33701.

Contact Us

Sell your items (get a quote)



Sell Items Now Banner

Sell your antique vintage watches and items