Coin Auctions
Coin Auctions UK
Coin Auctions UK Coins are for sale online by auction or buy now.
Top coin auctions include:
Is it safe to buy gold coins at an auction?
If you are looking to buy silver coins or gold coins at auction you should always set yourself some guidelines to follow to ensure you take as many precautions as possible.
Using an Auction site to purchase coins requires discipline and patience.
- Set yourself a target price (based on your prior research and knowledge of coin values)
- If an auction reaches your target price, let it go. There will probably be another coin for sale soon.
There are many fake gold coins in circulation. Always check coins thoroughly or get an expert opinion before committing to a purchase.
Do coin grading services have a guarantee?
Professional coin grading companies include NGC and PCGS.
Guarantees help to protect collectors, dealers, and investors.
NGC backs each US and world coin that it certifies with the comprehensive NGC Guarantee of authenticity and grade.
Online Coin Auctions UK
If you are buying online using an auction site such as eBay UK then:
- Check recently sold listings on eBay UK to gauge the current value of any coin
- Buy from Trusted Sellers with good feedback scores that are recent
- Use Sellers with eBay Shops
- Look for a returns policy so that you can get your money back in case of an issue after you receive the item
- Check the coin carefully after you receive it for weight and other signs it’s genuine
- Ask for a Certificate of Authenticity (if applicable)
- Look for original and unopened packaging
- Weigh the coin, does it match the mint specification?
What is the best way to sell coins on eBay buy now or auction?
eBay Buy Now and Auction methods both have advantages and disadvantages.
If you set buy-it-now prices then you may sell the coin more quickly and get your money faster.
If you use the auction method to sell your coin you may have to run it for a week to allow for the promotion of the sale and allow the bid increments to get up to your desired reserved price.
Depending on the scarcity and demand for your coin, an auction can often end up with a much higher selling price for a rare coin as coin collectors bid each other up to secure the item for the highest ROI (Return On your Investment). If the supply of an item is very low but there is a large group of people wanting that specific item, many times it will sell far higher running it as an auction rather than a BIN.
Knowing the accurate fair market value of a coin is essential so that you don’t pay too much for it, sell it for too little, or underinsure it.
Are investment gold coins tax-exempt?
Check the official Government website for guidance on Investment gold coins (VAT Notice 701/21A).
An investment gold coin is either a Gold coin minted after 1800 that:
- is of a purity of not less than 900 thousandths
- is, or has been, legal tender in its country of origin
- is a description of a coin that is normally sold at a price that does not exceed 180% of the open market value of the gold contained in the coin
UK Coin examples include:
| 1/3 Guinea |
| 1/2 Guinea |
| 1 Penny |
| 2 Pence |
| 5 Pence |
| 10 Pence |
| 20 Pence |
| 50 Pence |
| 1 Pound |
| 2 Pounds |
| 5 Pounds |
| 10 Pounds |
| 25 Pounds |
| 50 Pounds |
| 100 Pounds |
| 500 Pounds |
| 800 Pounds (30oz Britannia) |
| 1000 Pounds |
| Quarter Sovereign |
| 1 Sovereign (= 1 Pound) |
| 2 Sovereigns |
| 5 Sovereigns |
Gold Coins
Of all the precious metals, gold is the most popular as an investment.
Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.
Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries.
