When to Buy Gold Coins

Author: Ian Davis - Bullion Manager

Published: 22 Jan 2019

Last Updated: 19 Aug 2019

It goes without saying that to maximise your returns you need to buy when you think the price is low and sell when the price is high. Gold coins and gold bars have a buy/sell spread and you need to review the buying and selling rates to maximise your profit. You need a dealer to sell you a coin as close over spot price as possible (i.e. the lowest premium) whilst at the same time buying the coin back at as close to spot as possible (buy price). 

Please see this table for our current buy and sell prices on popular gold coins and bars. You can see that gold coins have a better spread and as such we advise coins over bars if asked.

Product Name Intrinsic Price (Spot Price) Premium Buy Price Sell Price
1 oz Gold Coin Bullion Best Value Secondary Market £1,137.68 from 1.5% from £1,154.75 £1,120
1 oz Gold Coin Krugerrand Bullion Best Value Secondary Market £1,137.68 from 2% from £1,160.43 £1,120
1 oz Gold Britannia Coin Bullion Best Value Secondary Market £1,137.68 from 1.9% from £1,159.30 £1,120
1 Kg Gold Bar Metalor New £36,577.05 2.4% £37,490.90 £32,919
500g Gold Bar Metalor New £18,288.58 2.84% £18,837.98 £16,551
1 oz Gold Bar Metalor New £1,137.68 8.48% £1,240.16 £1,080

 

Live Prices 

We have just mentioned that paying as close to intrinsic price as possible will maximise returns. How do you do this? Well you need to watch the live gold price and we offer multiple precious metal charts for different metals, weights and currencies. The intrinsic value is linked to the live gold price and in order to calculate the intrinsic price you can multiply the live price by the actual gold weight of the product you are interested in. Just make sure to use the live price in ounces if you are using ounces as a weight; if you are using grams as a measure of actual gold weight, please make sure to choose grams when looking at our live price graphs.  Finally make sure you are in the same currency! Comparing USD against GBP will obviously give the wrong answer! 

Your Investment Needs

Gold is not often used as a vehicle to make rapid gains and quick profits with those investing holding onto their gold for many years. If your prerogative is to protect your wealth long term the buy sell spread is of slightly less importance. On the other hand, if your investment is purely about making as much profit as possible in as short time period as you can (as you can do in stocks, art, property etc) the spread is something you must pay very close attention to. Figuring out why your investing can help you reach a decision on the products to buy. Even if customers are looking long term, we still advise best value products with a narrow spread as we can’t see why you wouldn’t want as much gold as possible for your money!

You can view all of our best value range and our dedicated page for special offers. All of our products are arranged best value first (i.e. lowest premiums) so do check the buyback rate to get your spread so you know what you can get when you sell it. Please be aware buy back rates can fluctuate depending on stock levels and demand.

Best Value Gold Products

We have listed a few of our secondary market best value items here. If we are out of stock you can set email reminders if you have an online account or alternatively check our new gold bars or new gold coins

1 oz Gold Coin Bullion Best Value Secondary Market

Available

ourchoicesecondarymarketsilver500-B-1

Quantity Premium % Total
1
2.5
£1,166.12

Price Per Item:
£1,166.12
2
2.4
£2,329.96

Price Per Item:
£1,164.98
5
2.25
£5,816.40

Price Per Item:
£1,163.28
10
2
£11,604.30

Price Per Item:
£1,160.43
25
1.9
£28,982.50

Price Per Item:
£1,159.30
50
1.85
£57,936.50

Price Per Item:
£1,158.73
100
1.6
£115,588.00

Price Per Item:
£1,155.88
500+
1.5
£577,375.00

Price Per Item:
£1,154.75

1 Kg Gold Bar Our Choice Pre-Owned

Out of Stock

1kilogoldbars500-B-1forweb

Premium: 1.5%

Price: £37,125.73

1 oz Gold Coin Krugerrand Bullion Best Value Secondary Market

Sourced to Order

2011southafricakrugerrandoneouncegoldrev500-B-1

Quantity Premium % Total
1
2.7
£1,168.40

Price Per Item:
£1,168.40
2
2.6
£2,334.52

Price Per Item:
£1,167.26
5
2.4
£5,824.90

Price Per Item:
£1,164.98
10
2.3
£11,638.50

Price Per Item:
£1,163.85
25+
2
£29,010.75

Price Per Item:
£1,160.43

250g Gold Bar Our Choice Pre-Owned

Out of Stock

250ggoldbars500-B-1forweb

Premium: 2.5%

Price: £9,372.91

1 oz Gold Coin Bullion Best Value Newly Minted

Available

OurChoiceOneOunceGoldCoin500-B-1forweb

Quantity Premium % Total
1
3.6
£1,178.64

Price Per Item:
£1,178.64
5
3.5
£5,887.50

Price Per Item:
£1,177.50
10
3.4
£11,763.60

Price Per Item:
£1,176.36
25
3.35
£29,394.75

Price Per Item:
£1,175.79
50
3.3
£58,761.00

Price Per Item:
£1,175.22
100
3.25
£117,465.00

Price Per Item:
£1,174.65
250
3.2
£293,522.50

Price Per Item:
£1,174.09
500
3.15
£586,760.00

Price Per Item:
£1,173.52
1000+
3.1
£1,172,950.00

Price Per Item:
£1,172.95

1 Ounce Gold Britannia Coin Bullion Best Value Newly Minted

Available

1ozbritanniabestvaluenew500-B-1forweb

Quantity Premium % Total
1
3.5
£1,177.50

Price Per Item:
£1,177.50
5
3.45
£5,884.65

Price Per Item:
£1,176.93
10
3.35
£11,757.90

Price Per Item:
£1,175.79
20
3.25
£23,493.00

Price Per Item:
£1,174.65
50
3.15
£58,676.00

Price Per Item:
£1,173.52
100+
3.05
£117,238.00

Price Per Item:
£1,172.38

1 oz Gold Bar Our Choice Pre-Owned

Available

oneouncegoldbarourchoice500-B-1forweb

Premium: 5.5%

Price: £1,200.27

1 oz Gold Coin Maple Bullion Best Value Newly Minted

Out of Stock

newlymintedmapleourchoice500-B-1forweb

Quantity Premium % Total
1
8.5
£1,234.38

Price Per Item:
£1,234.38
10+
8
£12,286.90

Price Per Item:
£1,228.69

Further Reading

You may wish to view all of our articles on our gold guide

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