People always want to know what the prices of gold coins are. First you have to determine if you are buying bullion gold coins or numismatic also known as rare gold coins. These two types will vary in price dramatically.

Bullion gold coins are based on the spot price of gold plus a premium. The spot price of gold is the cash price for immediate delivery, usually on 100 troy ounce contracts. Gold coins will usually be priced higher than gold bars of the same ounce size because they are more costly to produce. Individual buyers of gold bullion coins almost never buy them at the spot price. If you did you would be buying them under the wholesale value. Therefore one can expect to pay the spot price plus a premium depending on the broker/dealer you are working with. Typically the premium will be 10-12% above the spot price on gold bullion coins. In addition, depending on supply and demand factors some gold bullion coins may be priced higher than others. For example, 1oz American Eagle coins and the time of this writing are more sought after than the 1oz Canadian Maple Leaf, therefore one can expect to pay a few dollars more for the American Eagle.

Rare gold coins on the other hand are much harder to price due to quality and rarity factors involved. Rare gold coins are graded on a scale from 1-70, 70 being perfect condition. Typically the lower a coin is on the grading scale the closer it will be to the spot price and vice versa, the higher a coin is on the grading scale the further away it will be from the spot price. Rare gold coins also vary in rarity. Some coins are very rare and some are fairly common and thus easier to come by. The rarer a particular coin the more expensive it will be. Therefore prices on rare gold coins can range from close to the spot price all the way up into the seven figure range. Both types of gold coins will do different things for your portfolio. This is why it is important to work with a company that you trust that will help you to determine the best gold coins to meet your goals and objectives.