Gold Coin Values

Investing in gold comes in various forms: bars, bullions, coins and stocks. More often than not, gold investors opt to put their money in bars, bullions and coins.

Depending on the spot price as well as the market value of gold, you can earn quite a fortune from selling your gold collection.

In like manner, if one is a serious gold collector, particularly gold coins, you could also spend a fortune just to get your hands on a rare gold coin.

How Much are Gold Coins Worth?

Gold coin values are not determined by their face value but more so by their age, degree of rarity, current condition as well as the number of original coins minted. The lesser their number, the rarer they become and the more valuable they get.

Depending on the type of gold coin that you have on hand, this can be valued at anywhere from less than $100 up to several thousands of dollars; with quite a few rare ones fetching millions of dollars for a single coin!

The Most Expensive Gold Coins to Date

For gold coin collectors, owning some of the rarest types of gold coins is a dream come true; never mind if they have to shell out millions of dollars just to get it.

For instance, one rare gold coin which is a twenty-dollar coin known as the 1933 Double Eagle, fetched a whopping $7.5 million at an auction held by Sotheby’s back in 2002 some time in July.

The gold coin was sold at $7,590,020 to be exact. Why was it considered so rare that it fetched over 7 million dollars?

Back in 1933, there were about less than five hundred thousand of these coins minted but most of them were melted or surrendered, with only a few ones surviving, hence; their rarity.

Another gold coin that was sold for several millions of dollars was the ten-dollar 1804 Eagle Coin, which was presented to President Andrew Jackson as a gift. This coin was sold to a private collector for a staggering five million dollars.

Back in 2007, a 220-pound gold coin was minted by the Royal Canadian Mint to introduce Canada’s new Gold Maple Leaf coins. Content of the 220-pound gold coin was pegged at two million dollars.

The minting agency then decided to make the said gold coin for those who wish to own it and sell it for approximately two and one-half million dollars up to three million dollars.

It is said that five private collectors have already placed their orders for the gold coin.