How Do You Determine The Value Of Bullion Gold Coins?
• Find Out Coin Weight. The value of the gold coin is based in its weight. The weight of the coin is indicated on its reverse side. Bullion gold coins are available in various weights. For example, if you look into the weight of the Canadian Maple Leaf [3], you can see it in the form of ¼ troy oz, ½ troy oz, 1/10 troy oz, 1/20 troy oz and 1 troy oz. Similarly gold bullion coins of various countries are available in different weight forms. • Find out Gold Spot Price. The spot price is the current market price of gold. This factor determines the price of the Gold Bullion Coin, as well as the price at which you sell the gold coin. You can check out sites such as Monex or NYMEX to learn about gold spot price. Mostly gold is sold in troy ounce, but you can also buy in grams. One troy ounce has 31.103 grams. • Determine the Coin Value. This is easy as you just have to multiply the gold coin price into the weight. This gives you price of the coin and you will know how much of cash you must ha
