Gold has always been considered a safe and convenient form of investment, especially in the long term. Today, among the forms of gold that are mostly purchased for investment purposes, gold bars and coins are the most popular. Coins, in particular, have a popular market, especially with regard to some specific types, such as the gold pound, which is in demand and sought after for both historical and economic reasons.

How its value is determined

When you are in possession of such coins and want to ask for a gold pound price, you must have the coin valued by experts such as ourselves who can ensure that the characteristics of the Sterling or Sovereign in question are intact and that the coin, or coins, are indeed original.

Furthermore, before selling the pound, the valuation must take into account the year of issue, as the value of pounds is different if the date of minting is before or after 1957, contrary to what one might think, gold pounds issued before 1957 (old minting) are worth less than those issued after 1957 (new minting).

Furthermore, it should be noted that the gold pound is a very common coin, so you are unlikely to find mints of high numismatic value: their value is therefore given solely and exclusively by the weight and amount of gold in the coin.

But how much is a Pound or Sovereign really worth?

The price of the gold pound is closely linked to the gold price, which is set twice a day (gold fixing) by the London Bullion Market.

For this reason, when a valuation is to be made, the coin is always weighed to ensure that there are no variations from the official weight of the coin. Such variations can be related to poor storage, which can cause scratches or engravings that decrease the weight.

Investing in gold sterling or other currencies?

The gold pound is not the only investment currency of interest, but it is certainly the most sought-after and appreciated.

This is mainly because it is the best known in the world and is characterised by a stable value over time.

However, there are many gold coins that are often in demand by those who like to invest in this metal, and among these the best known are the Krugerrand, the Marengo, the Australian Nugget or the American Eagle, all of which are characterised by their own history and technical specifications that make them easily recognisable in the panorama of investment coins.

For all these coins, there are a number of advantages that guarantee their perfect role in the field of investment, such as being characterised by low costs (many coins, in fact, have sub-multiples that can be purchased for a few hundred euros), thus being accessible even to small investors, or not being subject to taxation: the purchase of investment gold is exempt from VAT, so this type of investment is certainly cheaper than other forms of gold purchases.

Buy Gold Sterling at the best prices

The GIALLOORO Metal Bank is able to supply Gold Sterling in Brilliant Uncirculated and previous years that meet the highest quality standards, representing a secure point of reference for coin collectors and enthusiasts. All gold coins are certified and individually placed in a special blister pack that guarantees their authenticity and preserves their value by allowing the metal to maintain its appearance over time. 

The GIALLOORO Metal Bank, a leader in the sector, is authorised by the Bank of Italy and is able to provide interested parties and potential investors in gold and coins with all the necessary information for any type of purchase: whether for collecting or investment purposes.

GOLD COIN PRICES: HOW TO FIND YOUR WAY AROUND AND WHAT TO KNOW

The prices of gold coins vary, as does the variety of coins that can be found on the market. They range from the Gold Sterling, which is the most popular as it is the best known in the world and has different coinage, to coins from all over the world such as the Austrian Crown, the Krugerrand, the Marengo or the American Eagle.

The price of gold coins can range from a few hundred euros to more than 1,500 euros, depending on the amount of gold they contain, the thickness or weight that is characteristic of each coin, and thus in direct proportion to gold prices. 

The sale of gold coins finds an open and highly appreciated market. Indeed, among the various forms of gold, coins are undoubtedly among the most sought-after, especially for economic reasons and, therefore, as a form of investment linked to a series of particularly convenient, profitable and advantageous benefits. 

Their purchase is exempt from VAT, so everyone can access them, even small private and corporate investors, without distinction of convenience, thanks to their easy resale on the markets due to their greater diffusion. 

Not only for investment purposes, the purchase of gold coins in many cases is also made by collectors. An interest in this case is often linked to the historical and numismatic aspects of the individual coin and a genuine passion for these objects.

Then there are also those who decide to give them as gifts to adults or children, for a christening as an alternative to bullion, a birthday or any other special event since they certainly represent a useful and always appreciated thought, which can also be preserved over time.

Gold coin prices and their quotation vary depending on the purity of the gold given by the carats, i.e. how much pure gold is actually contained, and the price on the stock exchange at any given time.

They therefore tend to fluctuate with valuations changing from day to day