Buy pre-owned gold coins
At The Silver Mountain, you can buy pre-owned gold coins as an economical and reliable way to invest in bullion. Gold coins that are pre-owned have been in circulation before. This means they are not newly minted, so the price is not driven up by production costs.
New gold coins and pre-owned gold coins have the same quality, value and purity. Because the purchase price is lower, it is an attractive investment for various types of investors, including start-up investors.
Why buy pre-owned gold coins?
There are several advantages of pre-owned gold coins over newly minted gold coins. Because pre-owned gold coins are more financially advantageous in most cases, you can buy more gold than if you were to invest in newly minted coins.
Pre-owned gold coins and new gold coins have the same gold content and weight, so the intrinsic value is the same. By choosing pre-owned coins, you contribute to sustainability because fewer new coins need to be produced. Pre-owned coins are often readily available, meaning you don't have to wait for new coins to be produced and delivered.
What to look for when buying pre-owned coins?
When purchasing pre-owned gold coins, there are a few important things you should pay attention to. First, you always want to check that the gold coins come with a certificate of authenticity. Investment coins typically come without a certificate but collectible coins often have a certificate available.
Also inspect the condition of the coin. Some pre-owned gold coins may have signs of use. This does not negatively affect the intrinsic value, but it is good for you to have clarity on the condition of the gold coins.
Buy your pre-owned bullions from a reputable and reliable seller, such as The Silver Mountain, to be sure of the quality and authenticity of your purchase. To be sure you are purchasing at the best price, it is advisable to compare the price per gram of a pre-owned gold coin to a new coin.
How we test our coins for authenticity
The authenticity of pre-owned gold coins is very important. The Silver Mountain takes the process of inspection and verification very seriously. We use state-of-the-art equipment, such as a GVS Bullion Tester, to test all pre-owned gold coins. This tester measures the magnetic properties of the bullion and verifies both weight and purity.
Additionally, we compare the unique characteristics of the pre-owned gold coins to those of authentic coins and perform a visual inspection of the coins. Through this process, we can always guarantee that the pre-owned gold coins are of optimal quality and authentic.
Pre-owned collectible and investment coins
Within our diverse range of pre-owned gold coins, you will find both gold collector coins and investment coins. Investment coins are mainly intended for investors who want to profit from the value of gold.
They are usually well priced and have a low spread between the buying and selling price. Collector coins often have a higher value due to their rarity, historical significance or unique design features. They can be an attractive option for collectors and investors interested in special editions and rare pieces.
Investing in pre-owned gold coins
Investing in pre-owned gold coins is a wise choice for different types of investors for several reasons. First and foremost, pre-owned coins are cost-saving. They are cheaper than new coins, which means you can buy more pre-owned coins than newly minted coins for the same amount of money.
Gold coins retain their value well regardless of whether they are new or pre-owned. This makes them a reliable way to preserve wealth. Pre-owned gold coins are a stable value investment. Investing in pre-owned gold coins is interesting for both new investors and experienced investors.
Frequently asked questions about pre-owned gold coins
Are pre-owned coins as valuable as new coins?
Yes. The pre-owned gold coins have a purity and weight exactly equal to the characteristics of the newly minted coins. This means the intrinsic value is also exactly the same. Newly minted coins have a higher purchase price because of production costs, which you do not pay when you invest in gold coins that have been in circulation before.
Where do pre-owned coins come from?
The Silver Mountain offers pre-owned coins purchased from individuals. This is done through Inkoop Edelmetaal, a sister company of The Silver Mountain. In the vast majority of cases, these are gold coins previously purchased from us by customers who then sold the gold coins back to us.
Do pre-owned gold coins come with a certificate?
When we receive gold coins with certificates, we inspect not only the gold coins but also the accompanying certificates. We compare the information on the certificates with the coins to ensure that the certificates of authenticity belong to the coins in question.
The certificates confirm the purity and weight of the gold coins. This means that by far the majority of pre-owned gold coins are offered including a certificate of authenticity.