Investors interested in buying the cheapest gold for investment, should look at secondary market gold first. You have reached our blog. Click the link if you wish to buy secondary market coins and bars.
What Is Secondary Market Gold?
Secondary market gold is gold that has been bought on a second-hand basis. Secondary market gold can also be called second hand or pre-owned.
Pre-Owned Gold Coins For Sale
It is a term that we use when we sell gold and other precious metals that we have bought from parties who are not the original seller. Whether the secondary market items are new or old, the gold content will remain the same.
The secondary market can be applied to coins, bars, coin sets and medallions.
What Is the Benefit of Buying Secondary Market Gold?
Secondary market gold is often cheaper to buy than newly minted gold. The buying selling spread on secondary market bullion is smaller making it good value for money. Low premium gold is an attractive option for investors looking to increase their wealth portfolios and get more gold for their money.
Will Secondary Market Gold Coins or Bars Be Damaged?
Bullion Coins Are Not Always in Perfect Condition
Second-hand bullion coins and bars may show some signs of wear or have some small scratches, scuffs and edge knocks. If they are more damaged we would either sell them as Grade C or they would be scrapped.
Can Secondary Market Be Newly Minted?
Secondary market products tend to be coins and bars that have been issued in previous years. If we have bought gold which is in its original newly minted state, we may sell this as our choice newly minted or as a dated coin or collectable bar.
Any goods sold as our choice will offer good value to the investor.
Can Secondary Market Coins or Bars Be Rare or More Valuable?
Collectable vs Bullion
There may be certain coins, commemorative coins, coin sets or medallions that are more valuable than others. Usually, dealers will sell these coins as dated or gradedcoins. Collectors should check coins carefully for rare coins, low mintages or mint marks and key dates. There is always a chance that you may receive something more than you bargained for when buying pre-owned gold.
What Is the Primary Gold Market?
You may hear dealers occasionally talking about the primary gold market or primary coin market. It basically refers to the sales of new coins or bars, often called newly minted gold, that is sold directly from a mint to an investor or through dealers.
How Can I Sell My Gold Coins?
We buy gold coins at premiums which are close to the intrinsic metal value, or more for certain coins. If you want to sell your gold coins, visit our sell to Chard's page for the live prices or give us a call on 01253 343081.You can either send your coins to us with the downloadableform on our website or come and see us in our showroom. The process is simple and whether you are liquidating your whole investment portfolio or a few coins we can usually offer payment either immediately or within a few days.
How Do I Know if It Is Genuine Gold?
All precious metals that we buy are checked by our highly trained team. You can be assured that second hand gold coins, bars and coin sets that you buy from Chard are genuine.
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