What Is Secondary Market Gold?

What Is Secondary Market Gold?

Our definition of secondary market gold refers to gold that has been purchased second-hand, usually through customer buy-ins, although it may occasionally come directly from mints. You may also see gold products on our website listed as "minty gold" -— a term also associated with secondary market gold. It refers to items that are in near-mint condition and typically issued in recent years.

Most secondary market gold may show slight signs of wear. This allows us to offer it at lower premiums, making it a smart choice for investors looking to maximise their returns when selling. To read more about bullion coin types you can read our Gold & Silver Bullion Coin Types Guide.

Second Hand or Secondary Market Gold Coins

Pre-Owned Gold Coins For Sale

This term is used when selling gold and other precious metals that have been acquired from parties who are not the original sellers. The gold content remains unchanged, regardless of the condition of the secondary market items, whether they are new or old. The secondary market can encompass coins, bars, coin sets, and medallions.

Best Value Gold Coins For Sale

This term means they are the best value price for their condition. This could mean the cheapest best value gold coins or the best value for newly minted gold coins.

Benefits of Buying Secondary Market Gold

One advantage of buying secondary market gold is that it is often less expensive than newly minted gold. The smaller buying-selling spread on secondary market bullion makes it a cost-effective option for investors looking to grow their portfolios and get more gold for their money.

Another advantage lies in the availability of older coins or bullion. Mints will usually only create a select number of a commemorative coin, for example. Once these have sold, they are usually only available on the secondary market. The secondary market is a vital resource for the avid collector.

FAQs About Secondary Market Gold

Find answers to common questions about secondary market gold, including product condition, collectability, and how newly minted items may still qualify

Damage to Secondary Market Coins or Bars

It's important to note that secondary market coins and bars may show signs of wear or have small scratches, scuffs, or edge knocks. In cases where they are severely damaged, they may be sold as Grade C or scrapped.

Can Secondary Market Be Newly Minted?

Secondary market products are generally coins and bars 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.

Collectable vs Bullion 

Have you considered the rarity and increase value of secondary market coins or bars? There may be some coins, commemorative coins, coin sets, or medallions that are more valuable than others. Dealers often sell these as dated or graded coins. Collectors should examine coins carefully for rare coins, low mintages, mint marks, and key dates as there is always a possibility of receiving something more valuable when buying pre-owned gold.

How Can I Sell My Gold?

We buy gold coins at premiums which are close to the intrinsic metal value - or more, for certain coins. 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.

If you want to sell your gold coins, visit our Sell to Us page for the live prices, or contact us. If you're not comfortable sending your gold, you can book an appointment with us at either our Blackpool or London showroom in Hatton Garden.

How Do I Know If The Gold Is Genuine?

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. If buying from private or unknown sellers and dealers, there is a risk that your product is counterfeit. Knowing how to tell if gold is real could save you a lot of hassle and, most importantly - money.

If you are looking to buy the best value secondary market gold, take a look at our choice secondary market coins such as Secondary Market Sovereigns, Secondary Market 1oz Gold Coins and Secondary Market Britannias. 

Chard Choices' For Secondary Market Gold

Listed below are half a dozen of our most popular choices for secondary market gold. All are available at low premiums, and some may even occasionally be listed on sale — so be sure to keep an eye out.

1 oz Gold Bullion Coin Best Value - Minty In Stock Quantity Premium % Price Per Item Total Total 1 2.9 £3,451.17 £3,451.17 £3,451.17 Price Per Item: £3,451.17 Est UK Delivery £8.00 5 2.75 £3,446.14 £17,230.70 £17,230.70 Price Per Item: £3,446.14 Est UK Delivery £17.00 10 2.7 £3,444.47 £34,444.70 £34,444.70 Price Per Item: £3,444.47 Est UK Delivery £28.00 25 2.65 £3,442.79 £86,069.75 £86,069.75 Price Per Item: £3,442.79 Est UK Delivery £63.00 50+ 2.6 £3,441.11 £172,055.50 £172,055.50 Price Per Item: £3,441.11 Est UK Delivery £125.00 View Product

Gold Krugerrand 1 oz Coin Best Value (Pre-Owned) In Stock Quantity Premium % Price Per Item Total Total 1 0 £3,353.91 £3,353.91 £3,353.91 Price Per Item: £3,353.91 Est UK Delivery £8.00 5 0 £3,353.91 £16,769.55 £16,769.55 Price Per Item: £3,353.91 Est UK Delivery £17.00 10 0 £3,353.91 £33,539.10 £33,539.10 Price Per Item: £3,353.91 Est UK Delivery £28.00 20 0 £3,353.91 £67,078.20 £67,078.20 Price Per Item: £3,353.91 Est UK Delivery £50.00 50 0 £3,353.91 £167,695.50 £167,695.50 Price Per Item: £3,353.91 Est UK Delivery £122.00 100 0 £3,353.91 £335,391.00 £335,391.00 Price Per Item: £3,353.91 Est UK Delivery £249.60 200 0 £3,353.91 £670,782.00 £670,782.00 Price Per Item: £3,353.91 Est UK Delivery £473.60 500+ 0 £3,353.91 £1,676,955.00 £1,676,955.00 Price Per Item: £3,353.91 Est UK Delivery £1,158.20 View Product

Gold Eagle 1 oz Bullion Coins - Minty In Stock Quantity Premium % Price Per Item Total Total 1 3.35 £3,466.27 £3,466.27 £3,466.27 Price Per Item: £3,466.27 Est UK Delivery £8.00 5 3.05 £3,456.20 £17,281.00 £17,281.00 Price Per Item: £3,456.20 Est UK Delivery £17.00 10 3 £3,454.53 £34,545.30 £34,545.30 Price Per Item: £3,454.53 Est UK Delivery £29.00 20 2.95 £3,452.85 £69,057.00 £69,057.00 Price Per Item: £3,452.85 Est UK Delivery £52.00 50+ 2.9 £3,451.17 £172,558.50 £172,558.50 Price Per Item: £3,451.17 Est UK Delivery £126.00 View Product

Gold Maple Leaf 1 oz Bullion Coin - Minty In Stock Quantity Premium % Price Per Item Total Total 1 2.45 £3,436.08 £3,436.08 £3,436.08 Price Per Item: £3,436.08 Est UK Delivery £8.00 5 2.4 £3,434.40 £17,172.00 £17,172.00 Price Per Item: £3,434.40 Est UK Delivery £17.00 10 2.35 £3,432.73 £34,327.30 £34,327.30 Price Per Item: £3,432.73 Est UK Delivery £28.00 25 2.3 £3,431.05 £85,776.25 £85,776.25 Price Per Item: £3,431.05 Est UK Delivery £63.00 50+ 2.25 £3,429.37 £171,468.50 £171,468.50 Price Per Item: £3,429.37 Est UK Delivery £125.00 View Product

Best Value 0.5 oz Gold Bullion Coin - Minty Out Of Stock Quantity Premium % Price Per Item Total Total 1 4.5 £1,752.41 £1,752.41 £1,752.41 Price Per Item: £1,752.41 Est UK Delivery £7.00 10 4.3 £1,749.06 £17,490.60 £17,490.60 Price Per Item: £1,749.06 Est UK Delivery £17.00 25 4.1 £1,745.70 £43,642.50 £43,642.50 Price Per Item: £1,745.70 Est UK Delivery £35.00 50+ 4 £1,744.03 £87,201.50 £87,201.50 Price Per Item: £1,744.03 Est UK Delivery £64.00 View Product

1 oz Gold Bullion Coin Best Value - Minty In Stock Quantity Premium % Price Per Item Total Total 1 2.9 £3,451.17 £3,451.17 £3,451.17 Price Per Item: £3,451.17 Est UK Delivery £8.00 5 2.75 £3,446.14 £17,230.70 £17,230.70 Price Per Item: £3,446.14 Est UK Delivery £17.00 10 2.7 £3,444.47 £34,444.70 £34,444.70 Price Per Item: £3,444.47 Est UK Delivery £28.00 25 2.65 £3,442.79 £86,069.75 £86,069.75 Price Per Item: £3,442.79 Est UK Delivery £63.00 50+ 2.6 £3,441.11 £172,055.50 £172,055.50 Price Per Item: £3,441.11 Est UK Delivery £125.00 View Product