Sell Gold For Cash
Turn Your Old Gold Into Cash!

Sell Gold Krugerrand

Now is the prime time to sell gold for cash to receive the highest dollar amount the gold market has seen in years. The process is easy and the end results are fast cash. In a matter of days, when selecting an online direct gold buyer, a check can be deposited in your bank account for your unused gold items. This is a wonderful means of letting your old, unwanted, and out of style gold jewellery work for your financial benefit. Many people are experiencing pay cuts and unemployment during these troubling economic times. Income can be easily supplemented when you sell those gold items that have been tucked away for years. Class rings, gifts of jewellery, and mismatched earrings can bring cash profit without leaving the comfort of your home.

Pawnshops and jewellery parties are no longer the only avenues to sell gold for cash. Pawnshop dealers and jewellery party hosts earn money for themselves, when you sell gold in either of these formats. They are considered the middle man and take a certain percentage of your profit, for their role in redeeming your gold for cash. Eliminate the middle man and work solely with online direct gold buyers. This is a simple approach to receive the most money when you sell gold for cash. Enjoy the profits and begin receiving additional income that can provide the financial relief that you need or want.

Visit an online site today and request a free mailing envelope for your gold jewellery items. The mailer is fully insured, and issued with a tracking number to ensure the highest level of safety, when delivering your gold for cash to the direct gold buying source. Within a few days, the seller will receive an appraisal from an experienced gold appraiser. When the appraisal has been accepted, a check will be deposited directly into the customer's bank account or mailed to the address provided on the information form.

Many consumers choose online gold buying sites as their first choice to sell gold for cash. Lack of privacy with pawnshops and jewelry parties, is less than desirable when making important business transactions. Online resources afford the assistance and confidentiality of experienced representatives that are available 24 hours a day, to receive and answer all client questions. The online sites can be referred to for information and up to date customer testimonials concerning their online experiences. An online gold buying source guarantees their customers complete satisfaction or they will promptly return the gold items. Only a few minutes is needed to begin the process of receiving gold for cash through reliable online gold sources. Begin earning extra money by dealing with the professionals, through online gold buying sources.

Frequently Asked Questions

  1. QUESTION:
    Where can I sell a gold Krugerrand near Rochester, NY and for how much?

    • ANSWER:
      Well, the Krugerrand is real currency (like the US dollar bill), just that it's made of gold and issued by a foreign country.
      If I had one, I'd walk into my local bank, talk to the branch manager (whom I happen to know pretty well) and ask her. Odds are she'd (yes, it's a "she") would say, "Let me check." And she'd check what the going exchange rate is, and make me an offer for the Krug right then and there. The current market price for the 1 ounce Krug is about 0. (You can also have fractional Krugs'. (.5 oz., .25 oz. and .10 oz).
      The bank isn't going to pay that much though, they want to make a profit on the coin when you sell it.

  2. QUESTION:
    Gold Krugerrand Is now the time to buy or sell?
    All this we buy your gold we hear right now and my friend is off to South Africa this week and his dad asked him to buy a Krugerrand on his behalf. Is this a good time or a bad time?

    • ANSWER:
      The price of gold is about as high as it's ever been. I sold all of mine for about 100% profit. Buying direct is usually best, as you avoid the middleman up charge. Your friend should call all the local dealers for a quote. Also he can shop South Africa shops online as well. Then go to the shop and pick the item up to avoid shipping. Also be sure that he can bring it back to the states.

      If selling, always shop for the best price you can get by calling local coin shops and jewelry stores and asking what they pay for you item in whatever condition you think it's in. Also ask what they pay for scrap per ounce. This will give you a good idea which 3 shops to go to in your area to sell to. Get a price from each one and sell to the highest bidder.

      Never use the mail to places. They are ALL RIPOFFS!

  3. QUESTION:
    What is the best way to sell gold Krugerrands at top price?

    • ANSWER:
      you will not get less than market value on eBay, using the ingots category, or gold category

  4. QUESTION:
    Selling a gold Krugerrand. How and how much?
    I have a 1/4 ounce gold Krugerrand. Since gold is now 0 per ounce I'm thinking of selling it. Where is the best place to sell and is there in intrinsic value beyond the simple gold weight value? I appreciate any help you can offer!
    Any place other than e-bay pehaps???

    • ANSWER:
      ebay will give you the best price.

  5. QUESTION:
    i have a 10 oz krugerrand gold coin anybody know its worth and where i could sell it or trade for cash?
    i am in need of a new computer and i want know about this coin any ideas

    • ANSWER:
      Here is a web site that gives gold values of all common gold bullion coins including Krugerrands in US Dollars:

      http://www.silverandgoldaremoney.com/equivalents.php

      Ten ounces of gold bullion is near the bottom of the page. I knew there was a 1/10 ounce Krugerrand, but not a 10 ounce gold Krugerrand. That is a new one on me.

      All major coin shops buy and sell gold coins such as krugerrands all the time.

  6. QUESTION:
    How come gold is listed at 900 dollars, but 1 oz coins sell for higher?
    Hey,

    I am thinking about buying some gold coins, Krugerrand or American Buffalo. I am looking at prices on ebay, and they are all selling for around 1050. I'm assuming these are all real, because the sellers have such good feedback scores. Would love to hear from anyone with any experience in these matters.

    Thanks,

    • ANSWER:
      If the coins are slabbed and certified by NGC or PCGS, you are guaranteed a genuine coin and an accurate grading. If the coin is sealed in US Mint mylar, you are assured of a genuine coin. The others will carry a slight risk, but you are correct in your assessment of the eBay rating system. The premium prices are for the sellers to make a profit and the costs of slabbing and supply & demand.

  7. QUESTION:
    Should I sell Krugerrand NOW?
    I know gold prices are very high right now, but would it be in my best interest to wait a few weeks or months to see what the market will do? I don't want to sell it now, if a year from now I would have gotten 00 more for it. Of course, I know no one has a crystal ball...but if anyone can look at past trends to tell me their opinions on how high gold might realistically go, I would appreciate your insights.

    • ANSWER:
      I would say the market consensus is that gold one year from now will be between 00 and 00. However the variance (the difference between the lowest educated guess and the highest) is massive. From 0 to 00.

      This variance represents the risk of a deflationary spiral (considered a lower risk event by most) versus the risk of an inflationary surge (considered a higher risk event by most). The sticky point is that most of the evidence currently points to deflation.

      I sold all of my gold in 2008-9 and all of my gold hedges in Dec 2009 as it passed 00. Apparently I was not alone (gold plunged in dec 2009). I agree with the idea that if you have a significant profit now, sell.

  8. QUESTION:
    what company is a reputable gold buyer?
    I have some gold I am thinking of selling. Some krugerrands and jewelry. What commissions should I expect to pay?

    • ANSWER:
      For scrap gold and jewelry i recommend cash4gold:
      http://www.goldintomoney.com/company-reviews/cash4gold-remains-committed-to-complete-customer-satisfaction

      For the Krugerrand, it's hard to say. But your first stop should be coin dealers in your area. You want to shop them around for the best price you can find.

  9. QUESTION:
    Where can I sell and buy Krugerrands in South Afrika at a nominal charge?
    Where can I sell and buy Krugerrands at nominal charges in South Africa ? Gold Coin exchange are robbers, so are most numismatic dealers

    • ANSWER:
      There are a few trustworthy coin dealers but I agree with your statment.

      Try eBay but the charges may be alot when you sell.

      I visit this coin forum full of trusted dealers all over the world I bought from them and was always happy but I never sold anything to them.

      http://forums.collectors.com/

      Check out them for a while and you'll see they deal fairly.

  10. QUESTION:
    How to go about selling a krugerrand?
    I received a krugerrand (a gold coin, weighing about 1 oz) as a gift a while back and would like to sell it for cash. I have never consigned or pawned anything in my life so I don't know where to begin. Will different buyers (i.e., jewelers, coin dealers, etc) low-ball me? Since the price of gold is so high right now, is there a chance that no one will buy it in fear they won't see a return in profit? How do I go about researching a valid coin dealer in my area? What should I look for in a dealer/buyer? Thanks.

    • ANSWER:
      Any coin dealer in your area would be able to take that coin off your hands for you. Some will not give you the correct amount of the coins worth. First of all you need to know what a Krugerrand is.

      While there are a number of gold coins available on the market, the South African Krugerrand is the original one troy ounce gold bullion coin made by a government and valued on the content of its gold, rather than the face value of the coin. Originally minted in 1967 in an effort to help market South African gold to the international market, the Krugerrand stood alone as an accessible investment opportunity for the everyday buyer...it was the first gold coin to contain exactly one troy ounce of gold, and was intended from its inception to provide a way for the private investor to purchase precious metals. Additionally, by producing the coin as legal tender in South Africa, the coin was available for portfolio diversification in the United States, which at the time, banned private ownership of gold bullion, but did allow ownership of foreign coins. While the political turmoil that has plagued South Africa over the past 40 years has had an effect on the liquidity of the coin, with the lifting of apartheid in 1994 the Krugerrand has once again regained its status as one of the leading gold bullion coins traded world-wide.

      The Krugerrand derives its name from combining the names of Paul Kruger, a well-known Boer leader and local hero who went on to become the last president of the Republic of South Africa, and the "rand" -- the monetary unit of South Africa.

      The obverse side of the coin is detailed with a profiled bust of President Paul Kruger and features the name of the country, "South Africa," in the country's two native languages, English and Afrikaans. The reverse side of the coin features the image of a springbok antelope, one of the national symbols of South Africa, originally used on the South African 5-shilling piece. The reverse side also features the year of issue and the fineness of the coin. The South African Krugerrand is a 22-karat coin weighing a total 1.0909 ounces (or 33.930 grams). It is comprised of one troy ounce of pure gold and 2.826 grams of a copper alloy which is used to give the coins higher durability and to make them more resistant to scratching, and gives the coins a unique orange-gold hue.

      The gold Krugerrand has a diameter of 32.6mm, a thickness of 2.74mm, and has a fineness of .9167, or 22 karats.

      Today, the Krugerrand is regarded as one of the worlds' oldest and most recognizable gold bullion coins, carrying with it all of the qualities one could want in a gold investment: liquidity, portability and beauty.

      The Krugerrand is a bullion coin which means its value is base on its metal content plus a small premium above it. They have no historic value so here are the 2 prices these coins fetch as of 12/23/09

      For you to sell the coin back into the market the market price for this coin today is =1 oz Krugerrand (Ship to USA) ,096.30 according to Kitco https://online.kitco.com/selling/index.html. For you to rebuy the same coin from the market it would cost you a minimum of 38.60 through Monex. http://monex.com/liveprices

      The price difference between the buy and sell price is called the spread and its how the dealers make money on these coins. Always try to get as close to the Monex price as possible because that is what it would cost for you to replace this coin in the makret and even then its going to cost more because Monex wont sell just 1 coin at a time. Because people who want one coin only arent able to buy from Monex due to the investment minimums they will pay even more for primiums on these coins. Check Ebay as well for other market pricing. Here is a great example on Ebay http://cgi.ebay.com/Gold-South-African-Krugerrand-1-oz-BU-Random-Year_W0QQitemZ180424939834QQcmdZViewItemQQptZCoins_Bullion?hash=item2a022a193a

      Check the phone book for coin dealers in your ara. If they all want less then the Kitco price I linked you to then dont do it. Heck Id be willing to buy it at the Monex price from you...Even if the price goes up.

  11. QUESTION:
    What are the tax costs and futureselling options if I buy Krugerrand goldcoins in US and bring them to India?
    I'm just thinking of buying gold and assume that gold coins in US are a little cheaper than in India. So, if I buy here, I want to know that I'll still be at profit if I sell them in India in future. Or is it a bad idea altogether and I should consider buying gold in India itself? Thoughts? Guidance? Thanks in advance for yuor help.

    • ANSWER:
      It is not a bad idea, but a very very bad idea. u cant import gold into India without paying duty and if u have to buy in us and pay duty at delhi, the cost to you will be MUCH more than selling price in India. It is a loosing proposition.

  12. QUESTION:
    Can someone enlighten me on the regulations for importing and selling gold/silver bullion coins in malaysia?
    e.g. krugerrands, eagles, maples etc...

    • ANSWER:
      not me

  13. QUESTION:
    Why is the premium on Krugerrands a proportion?
    It seems that Krugerrands are typically sold at a % premium above gold prices, but as gold prices rise this becomes a much bigger premium in dollars. Why wouldn't the premium be in dollars, instead of a percentage?

    (Also, does anyone know where to get historical data on Krugerrand prices?)

    • ANSWER:
      The short answer is that -- that is just the way the industry works -- in fact, most of the financial industry and all of the sales industry works on a commission as a % of sales. Only those who advertise no commission, flat rate, or flat fee operate differently.

      You should be able to get historical prices from a google search.

  14. QUESTION:
    Buying Gold Coins - Sovereigns?
    The London Mint office is selling Gold Sovereigns (they just told me about a Kind Edward V11 (1904) which they want £299 for, in good condition.

    I checked internet and similar coins, albeit different years btw 1901 and 1911, are selling for less than £200, particularly on ebay.

    Please let me know if I am being severely deluded in being interested in these 'sollectibles'. I am doing it as an investment rather than a collector.

    Would I be much better of buying Krugerrand coins when i can afford it?

    Any advice on Royal Mint releases welcome as to their immediate and ultimate value. A gold newbie.

    • ANSWER:
      If you just want to invest in gold then buy new sovereigns, Krugerrands or any other gold coin. Kruger is good but if you cannot afford then buy sovereigns. Best to buy new ones as the are in perfect condition. Of course you can buy older coins like the one you quote. In these there is a premium above their intrinsic value (value of gold content). This premium should always be there, although like any investment the non-intrinsic value is variable according to supply and demand. For example if the 1904 coin is £99 more to buy than a new coin it should also be £99 more when you are selling.
      Contrary to one answer a Kruger is not 1oz pure gold. The coin weighs exactly one ounce and it is 91.67% pure (22K). To calculate the gold value take the current gold price (about 0). Convert to GBP or whatever currency you have (1.6533) multiply by 91.67% or 22/24 and you have the gold value

  15. QUESTION:
    how to sale a gold coin?
    I have 2 gold coins that i am thinking of selling- 1 is a 1979 1 oz krugerrand from south africa. the other is a 1982 1 oz canadian 50 dollar piece. they are both in excellent condition

    what is the best way to obtain the best price for them? and how do i know if the price i am told is a good one or not?

    • ANSWER:
      An ounce of gold is over 0.00 now.Try ebay.

  16. QUESTION:
    Gold coin mystery?
    I have a coin which I beleive is gold. It is dated 1973 and has the inscription " 1 ounce fynegoud / fingold " written on the back. On the front is the picture of a man's head and it also says "krugerrand"

    Is it worth anything and who would I sell it to if they were interersted?

    • ANSWER:
      1 - Take your coin to a local coin dealer (trustworthy ones can be found - shop around). It never hurts to get a second opinion. They will be able to tell you so much more by evaluation the condition of the coins. They will also know the amount minted and what it is going for in today's market.

      2 - Try posting pictures on this website (there are many experts here that can help you evaluate it - there also may be people willing to buy if you are trying to sell):
      http://www.coincommunity.com/forum/default.asp

      3 - Repost this question and include pictures. You can use websites like http://www.photobucket.com and include the link in your question.

      Good luck!

      P.S. You should not clean your coins. Most coin collectors see cleaning a coin as the equivalent of stripping down antique furniture and refinishing it.

      When cleaning, the surface metal of the coin is often stripped. Anything used to scrub the coin will leave scratches (even 100% pure silk will leave hairline scratches). Most cleaning products will have some type of reaction with the coin's metal and the surface metal can also be removed in this manner.

      Your best bet is to leave the coins alone. Cleaning the coin will leave traces - which can be found by the knowledgeable collector - who in turn will not buy the cleaned coin. Also if you ever wanted to send your coin into a grading company, they can recognize signs of cleaning and will send your coin back in a "cleaned" slab (also called a "body bag" in the coin world) - which is usually a greatly decreased value.

      If you absolutely must must must clean your coins do not use the method described above as it will react with the metal in your coin. Use 100% acetone (do not use fingernail polish remover!). It must be 100% pure because other additives will react with the coin metal. Place your coin(s) in the solution for several minutes (do not leave in for long periods of time). Rinse your coin(s) in distilled water. Next remove your coins and either pat dry with a soft cloth or allow the coin to air dry (air drying is better as you don't risk scratching the coin with the cloth). NEVER scrub your coins!

      I would still advise you to leave your coins as they are. They may not be bright and shiny but that is what most collectors prefer.

  17. QUESTION:
    krugerrands ,how to buy and sell ??
    is this a good idea ,how do i get the daily rate of gold prices ?? is this a sound investmant??

    • ANSWER:
      Lousy idea. There are other 1 oz. gold coins out there, they don't need to be Krugerrands.

      There are many sources of daily gold prices on the web including Yahoo Finance.

      Incredibly risky. Look at the historical price of gold... If you invested at the last peak in gold (1980) you would have had to wait until last year to just break even...

      All kinds of people tout gold as an inflation hedge and a hedge against currency fluctuations. Probably not for the average investor.

      good luck!

      PS - why is this in renting & real estate?

  18. QUESTION:
    Safety deposit box ...and krugerrands?
    I am intersted in investing in gold krugerrands and would like to store them in a sfety deposit box.

    Does anyone know where I can rent a safety deposit box in the U.K.... particularly in the NE of England.

    I have accounts with HSBC and Nationwide do either of these provide deposit boxes?

    Could someone tell me the amount I will have to pay for a safety deposit box if possible.

    Can anyone tell me where the best place or web site to buy krugerrands from, as there are many websites selling them but obviously it is a lot of money that is at risk from dodgy websites and sellers.

    • ANSWER:
      Why restrict yourself to only Kruggerands? Going after just one thing limits you and you may end up paying more than you need to. There are other units of gold bullion that are just as respected: The American Gold Eagle, the Canadian Maple Leaf, the Chinese Panda, the Britannia, and the Australian Nugget all contain one Troy ounce of pure gold. Some have a purity of .917 as opposed to .999 but those coins weigh a few grams more than an ounce.

      These gold coins can also be bought in fractional sizes. Dealers are going to charge you a premium of ten percent or more over 'spot market' prices, unless you buy in large quantities. You can do much better buying from private sellers. I like eBay myself. Once in a while you can get a bargain, when a seller doesn't know exactly what they've got and misdescribes it.

      This is less of an issue with modern bullion coins, but happens moreso with older gold coins. In my opinion, this is the better way to invest in gold. But it takes more work on your part. You have to study up on the various issues. Older gold was not issued in nice round denominations. British sovereigns contain just under a quarter of an ounce of pure gold, but if you shop around, you can buy them for less per gram than you can the modern ounces or fractional units. Many older gold coins have numismatic value in addition to the bullion, and sometimes you can find them being sold for bullion prices (plus the premium), but it takes research to learn what to buy. When gold was around 0 I bought a Turkish coin weighing a bit over an ounce (1.06) for 0, dated in the 1870s and in extra-fine condition (not Mint like modern bullion) and sold it for 00 when gold was 0. This type of investment, though, is not a buy and stash away investment, it's an active buy and sell trade. The point is that bargains can be found if you get an education.

      I can't help you with the safe deposit box deal, as what applies to me in New York may not be the same for you. But I'm confident that a world bak like HSBC has them. It's a safe place to keep your gold, but understand what the rules are regarding access to it before you go that route.

      Study up and good luck.

  19. QUESTION:
    Purchasing bullion coins in Hong Kong?
    Where can I purchase bullion coins such as the Krugerrand, Canadian Maple, American Eagle or Australia nugget or gold bars such as Credit Suisse or PAMP in Hong Kong? So far, I have seen dozens of Chow Tai Fook shops, but they are only able to offer Chinese biscuit bars which I am not keen on. Could someone tell me the exact branch or address of a gold dealer who sells these? Thanks.

    • ANSWER:
      You may have to settle for the Chinese bars...you could have them melted somewhere if you just want the bullion.

  20. QUESTION:
    Is Universal Coin & Bullion a reputable company?
    I recently bought some gold in the form of Napoleon III 10 franc coins from Goldline and now realize that I paid way too much in commissions (the "spread"). It is my fault for not doing enough research, and thankfully I didn't invest too much, but I'm now weary of buying more gold/precious metals after getting burned. Does anybody have any experience with Universal Coin of Beaumont, TX? They advertise every month in American Rifleman and are endorsed by the NRA, but I'm not sure that means much. I definitely learned my lesson and will be sticking to bullion and bullion coins which track the price of their respective metal, and remove the guesswork of the numismatic premium that a novice buyer like myself knows little about. (Actually I had called Goldline with the intent of buying Krugerrands but stupidly allowed myself to get talked into the higher commission European coins on the basis of the "government can take your bullion" hard sell). Anyways, if any of you have used Universal and have had good (or bad) experiences with them please let me know if you would recommend using them. Are their prices reasonable? If there is a better, cheaper way to buy physical metals please let me know that as well. Thanks in advance for your help.

    • ANSWER:
      Also be extremely wary of selling gold, silver, jewelry, and coins to the numerous "We Buy Gold" scam houses. They pay 1/5 to 1/6 of the real value of the bullion.

      Amd no, the government can't take of sell your bullion. if you want to invesat in Gold and "ride" the fluctuation in gold prices, then consider buying gold stock. One such fund has stock symbol GLD and trades on the Dow Jones. it has 57 billion in market capital. The price exactly follows the price of gold.


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