When to Buy Gold Coins
It goes without saying, that to maximise your returns you need to buy when 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 who will sell you a coin as close to spot price as possible (i.e. the lowest premium) and buy the coin back at as close to spot as possible (buy price).
See the table below for our current buy and sell prices on popular gold coins and bars. You can see that gold coins have a better spread. So, we advise buying 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||£1,477.04||from 1.8%||from £1,494.80||£1,454|
|1 oz Krugerrand Gold Coin Best Value - Secondary Market||£1,477.04||from 2%||from £1,500.69||£1,454|
|1 oz Gold Britannia Coin Bullion Best Value - Secondary Market||£1,477.04||from 2.7%||from £1,512.84||£1,454|
|1 Kg Gold Bar Metalor - Cast||£47,487.71||3.5%||£49,149.78||£42,738.94|
|500g Gold Bar Metalor - Cast||£23,743.93||3.75%||£24,634.33||£21,488|
|1 oz Gold Bar Metalor - Wafer||£1,477.04||4.5%||£1,539.99||£1,403.18|
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 match the live price to the weight of gold you're looking to buy. So, use the live price in ounces if you are want to buy or sell 1oz or 2oz products. Similarly, if you are using grams, 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 aim 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 you're 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!
Below, 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 buy back 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.
You may wish to view all of our articles on our gold guide.