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How Much is Gold and Silver Worth?

The value of your Gold and Silver coins or bullion depends on several factors, but there are two main considerations that inform the overall value of any Precious Metal item. These considerations are the “spot price” and the premium attached to the piece.  Spot Price simply refers to the market value of any Precious Metal product at a given moment. Besides market value, there are certain collectible pieces, specifically coins, whose base value is derived not only from their metal content but also from their rarity or their historical significance. This premium commanded by rarity or historical significance is called numismatic value and can be a large sum of money.

Another term you will commonly hear is “premium over spot.” This is an additional fee charged by Precious Metal retailers to cover the cost of doing business and to earn a living. Premium rates will vary according to the item’s metal content, its form and in some cases, the quantity you wish to buy. Premiums also depend on the retailer you choose. Large, established reputable businesses such as APMEX have the sales volume and the buying power to offer lower premiums than small operations. These factors will be discussed in further detail below.

Value of Bars and Rounds

Bars and rounds are generally considered the most affordable Precious Metal investment product because their base value is solely dependent on the current market value of their metal content. Most Gold and Silver bars and rounds bear generic designs and are readily available from countless companies, so they don’t offer much in the way of collectible or artistic value, and they are certainly not rare or historically significant. There are certain early decorative bars that make up the few exceptions to this general rule. They are highly valuable among collectors and therefore command higher premiums similar to collectible coins.

Bars and rounds usually cost the lowest premium-per-ounce in both Gold and Silver. There will be a modest, if not nominal, difference between spot price and their going rate. Bars and rounds are a plain form of bullion, ideal for clients who wish to obtain their investment items as close to spot price as possible. Of course, Silver can be had at a lower premium rate than Gold, but be advised that the premium for both Gold bars and rounds decreases as the purchase volume increases. The more you buy, the more it is possible to save.

Coin Value

Compared to bars and rounds, coins are valued higher, generally speaking, because of their collectability. Unlike bullion bars and rounds, which can be privately minted without restriction, coins are legal tender in their nation of issue, and their mintage must be regulated by a government. Coins, no matter how artistic or unusual or collectible, are currency with a face value. Coins are minted in limited quantities, even if the mintage number is large it is finite, possibly creating higher demand. That can ultimately raise their value beyond their metal content, especially over time.

Additionally, coins may command higher premiums than bars and rounds because they can prove challenging to obtain. Typically, coins sought by collectors are no longer in production, so the process of seeking out and then authenticating such an item can be costly. Unfortunately, those expenses tend to be obvious when you see the higher purchase cost of special, highly collectible coins.

Proof Coin Value

As a general rule, proof coins are valued above the same coin in non-proof editions, even when they are in uncirculated condition, due to the consistently lower quantities of proofs produced. There may be as few as one proof coin struck for every 20 standard and uncirculated versions minted. Thus, proof coins tend to command higher premiums. When comparing the premiums attached to Gold proof coins to Silver proof coins, you will notice that a Gold proof coin’s premium is typically lower than a Silver coin’s. Gold proofs command a minimal premium relative to their overall cost, while premiums for Silver proof coins demonstrate a significant disparity from their base value.

Pre-1933 Gold Coins For Sale

Pre-1933 gold coins are likely be among the most expensive coins investors will encounter on the open market. Gold coins produced prior to 1933 have a higher value based on metal content than other circulated currency due to their composition of .900 fine gold. Their base value is further enhanced by their collectability as a discontinued United States coin. Pre-1933 gold coins can boast true rarity, so premiums on those exceptional coins will be significantly higher than other similar but less-scarce coins. Nevertheless, pre-1933 Gold coins can be a great investment option for those who wish to make a substantial investment in Gold.

Buying Junk Silver

The term “junk Silver”colloquially refers to any pre-1964 U.S. Silver coin that is still in acceptable condition. Though they are not pure Silver, most junk coins are made of a Silver 90% alloy, and even the least Silver-rich of them contain 35% Silver. The value of junk Silver is derived entirely from their metal content rather than any collectability. Junk Silver coins are an accessible way to start your Precious Metals investment portfolio, because are among the most affordable investment options available. Junk coins present a fantastic opportunity for buyers who have a modest investment budget, but still want to make a pleasurable and potentially profitable purchase.

We at APMEX are proud to provide our discerning clients with top quality Precious Metals products at extremely competitive prices. Our prices move with the spot price, and our premiums are both fair and reasonable. Please browse our impressive inventory today.

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