Good time to sell gold coins?

With the price of gold going through the roof, would it be a wise decision to unload some gold coins?

I couldn't afford anything big previously, certainly can't afford even the fractionals anymore, but maybe sell off my previously purchased fractional gold and put it in savings to buy bigger denominations if the gold price drops in the future.

Thoughts?

I don't think there is a top coming any time soon for gold. 

I frankly don't think we will ever get back to conditions where gold will fall against the dollar significantly.

Mr. Midnight

I don't think there is a top coming any time soon for gold. 

I frankly don't think we will ever get back to conditions where gold will fall against the dollar significantly.

 

Thanks Mr.Midnight.

Maybe then I should hold on to my fractional gold and let's see how far up this thing goes, and then sell.

Surely can't afford any gold coins now or in the near future. Maybe I should start stacking up on silver coins before silver hits $50+

Is Bunker Hunt still alive?

That was an interesting episode. I actually sold some silver at that time, nice pieces, which I have always regretted. 

Silver is subject to other forces. It is an industrial commodity, much more so than gold, it is used in electronics and such. Therefor the upward pressure of investor interest would be counteracted by falling demand resulting from a major global recession, as is happening to oil. 

Thought has crossed my mind, but I want to keep waiting for them to go a bit higher.

Gold has really climbed in the past 2 years. I bought most of my gold Sovereigns in late 2023 and early last year for between $870 and $910 each. Now they are worth like $1340 each in melt alone and buying anymore would be $1500+ as includes GST.

Gold price is really overheated and like 100 x silver.

When I bought sovereigns on Dec 12th 2023, it was USD 1,875 an ounce, last time I looked it was USD 3,350 an ounce.

Main thing that worries me is that many good coins will be melted as a lot of common coins get melted when gold prices are high.

I was going to buy some more, but its just too expensive. NZ $50k won't even buy 9 ounces now!

I’ve been wondering the same thing lately.

One thing that helps me is to split the decision into two parts: the metal value vs. the collectible/premium part. For a lot of common fractional bullion, the premium is what you “lose” fastest when the buy/sell spread gets wide.

If you’re thinking about selling to later move into bigger denominations, I’d run it like this:
- call/email a couple local dealers and ask what they’re paying *today* for your exact coin (not their asking price)
- subtract any shipping/insurance/tax/assay costs you’d actually face
- then ask yourself: if spot drops 5–10%, would you realistically be able to re-buy *more ounces* than you have now, or will the spread just eat the move?

Also worth keeping in mind: when gold is hot, perfectly decent coins sometimes get treated as “generic” and priced basically at melt, which can be frustrating if you paid a decent premium.

If it helps, I sometimes sanity-check the melt side with this quick calculator (karat + weight): https://mygoldcalc.com

manik100

With the price of gold going through the roof, would it be a wise decision to unload some gold coins?

 

I couldn't afford anything big previously, certainly can't afford even the fractionals anymore, but maybe sell off my previously purchased fractional gold and put it in savings to buy bigger denominations if the gold price drops in the future.

 

Thoughts?

Precious metals, in this case gold, is a keeper of value and hedge against inflation. Once you buy gold the only reason for selling is that you need fiat money to buy things (you're either out of fiat or don't have enough). As long as your fiat money is plentiful there is no need to sell your precious metals.

pecunianonolet

Precious metals, in this case gold, is a keeper of value and hedge against inflation. Once you buy gold the only reason for selling is that you need fiat money to buy things (you're either out of fiat or don't have enough). As long as your fiat money is plentiful there is no need to sell your precious metals.

Thanks for providing knowledge on “fiat money”. I learnt something new today. 

Holding on to my few gold pieces for now 🙂

Perspective. Everything seems expensive at the time of purchase. I was purchasing or aquiring in one form or another, coins or bullion, silver when it was expensive at $6 -$12 / ounce and gold when it was expensive at $350 -$500/oz for many decades. Cheap these days in retrospect. How do you think I am doing? Keep what you have until you are really ready to cash out. Think long term . Over time, it will go up and of course there will be periods of lulls. Patience and not panic is the key. Even Copper these days I refer to as the poor mans gold. These days with AI, technology, electronics, wiring, plumbing, and many other uses and demands from industry, it relatively cheap. Countries stockpile it for national defense needs and industrial purposes as well and new deposits are not being discovered or mined fast enough to keep up with todays demands. Think long term, as an investment and be patient. Do not sell is my advice.

I actually sold some twice, and glad I did not when the thread started. It was hard as I had grown attached to my coins. But I decided not to sell any collectable coins and just sell common stuff like gold sovereigns, but now unless gold shoots to $10k USD an ounce or more, I am holding on to whats left.

In Sep 2025 I had 29 sovereigns, 1 double sovereign and 8 half sovereigns, I now have 9 sovereigns and 5 halves.

I sold 10 sovereigns in October for NZ(All values in NZ$ which are worth MUCH less than US$) for $16,700 (I paid $9k for them 2 years earlier.

I sold 10 more and a double sovereign for $23k and some change in February this year when Gold was around US$5k an ounce.

I swapped 3 half sovereigns recently for $960 cash and $2,200 in online store credit last week.

A total of 5.53 ounces of gold sold.

But I also bought 45 grams of gold bars, a gold ounce and a proof set that had 1½ sovereigns worth of gold too. Thats around 2.85 ounces of gold in total, meaning my gold stack decreased 2.7 ounces or so

Currently I have just over 300 grams of the golden metal left and intend to keep it.

The gist is that I have been living off the profit for months!

I have a niece in her 40s, had accumulated a lot of debt, and has gone back to school to be a nurse.

She needed $4500. I sold a Sovereign mint set (1+2+1/2 soverings) for that amount. I paid $1600 for it in 2016.

feelsgoodman.gif

Mr. Midnight

I have a niece in her 40s, had accumulated a lot of debt, and has gone back to school to be a nurse.

She needed $4500. I sold a Sovereign mint set (1+2+1/2 soverings) for that amount. I paid $1600 for it in 2016.

feelsgoodman.gif

Yeah, feels good. 😊

I also have a niece and two nephews. Unfortunately, they could not care less about us - never visit. Should they ever begin to visit on a regular basis and I get to know them well - perhaps I'll help them by selling some of my rounds. But no need now, their daddy is a hot shot CEO.

My nephew in Alaska was more or less cheated out of his inheritance when my brother died. There was property which the widow sold off.

I still had the first two bullion coins I ever bought (Krugerrands) and sent them last fall.

Back in the 90's, I bought a few raw MS common date St. Gaudens double eagles and silver commemoratives. At that time, I was definitely not a coin collector, but more interested in accumulating bullion with numistatic value. I bought these through Lee Certified Coins LTD. I have since learned that this company was notorious for selling stuff at inflated prices. I bought the St. Gaudens at about 4x spot. They are now maybe 10 percent over spot.

They contacted me years later, and I voiced my discontent. To their credit, they did offer to certify three at no cost. They did come back within the advertised range (MS 63-65).

spauldingph

My nephew in Alaska was more or less cheated out of his inheritance when my brother died. There was property which the widow sold off.

I still had the first two bullion coins I ever bought (Krugerrands) and sent them last fall.

 

Back in the 90's, I bought a few raw MS common date St. Gaudens double eagles and silver commemoratives. At that time, I was definitely not a coin collector, but more interested in accumulating bullion with numistatic value. I bought these through Lee Certified Coins LTD. I have since learned that this company was notorious for selling stuff at inflated prices. I bought the St. Gaudens at about 4x spot. They are now maybe 10 percent over spot.

They contacted me years later, and I voiced my discontent. To their credit, they did offer to certify three at no cost. They did come back within the advertised range (MS 63-65).

 

Nice group, at least its a bit of positive karma the inflated prices you paid decades ago, are nearly a bargain by today's high metal price and St. Gaudens are such beautiful designs.

This is all the sovereigns I have left and my collectible gold which will never be sold unless I am desparate.