Sell Gold in Singapore for Cash

 

The need or desire to sell physical gold can be just as important to some people as it is to buy physical gold. Some daily investors buy and sell physical gold on a regular basis. They tend to be more professional rather than just the guy in the street who is not so familiar with the ins and outs of the gold market. So how does the ordinary person sell gold and why should they?

Why Sell Gold

  

Sometimes the need arises to sell gold bars. For example, if circumstances demand that we need funds for some emergency or we see some potential in the market that demands quick action which we cannot resist.

People keep gold for various reasons. Asset protection, catching a good opportunity when the value of gold increases. Preserving assets which others cannot access (ex spouses, creditors etc). Even just liking the idea of keeping ones assets in gold rather than in a bank.

So the reasons to sell gold bullion bars may vary also. Cashing in some assets to recover funds for some purpose such as pay bills, buy that car you have always wanted, take advantage of a dramatic increase in gold value. Seeing an opportunity elsewhere and selling your gold to utilize those funds elsewhere.

How to Sell Gold

How you sell gold can depend on what types of physical gold you have.

You might not want to sell all of your physical gold so if you have bullion in the form of coins and bullion bars, these are easy to sell. You can sell them all or even just a portion of your total gold holding this way. We are willing to buy physical gold in any form. Generally you will get from us just below spot. We get a good deal when the price of gold moves up quickly. Timing is everything here.

Gold coins are easier to sell than the larger gold bars. Basically people do not have to pay so much money for coins. A ten ounce bar is a lot of money for many people and comes under the category of big ticket items. We accept large bullion bars too.

Of course, the price you get for selling gold at that time.

If you're selling gold coins, selling gold bars, selling gold jewellery, dealing with us is the best option. You may sell your physical gold in any form to us and get the highest value of your gold.

Should you Sell Gold

For most of us, the entrance point into the fascinating world of gold is actually owning gold in the form of coins of various types and sizes or perhaps, if we are more fortunate, gold bullion bars,.

Most people like to save their gold coins and bullion not just for the looks or for the knowledge that they "own some gold", but also for investment purposes. One can quite easily accumulate a healthy investment in gold which, over time, does not diminish but in fact improves in value.

The best advice for selling gold bullion bars at highest gold value are by selling them to us.

But if you absolutely must sell gold, rest assured that you will get top value for your gold coins or gold bullion!

About Gold Coin

A gold coin is a coin made mostly or entirely of gold. Gold has been used for coins practically since the invention of coinage, originally because of gold's intrinsic value. In modern times, most gold coins are intended either to be sold to collectors, or to be used as bullion coin whose nominal value is irrelevant and which serve primarily as a method of investing in gold.

Gold has been used as money for many reasons. It is fungible, meaning that it can be traded easily, with a low spread between the prices to buy and sell. Gold is also easily transportable, as it has a high value to weight ratio, compared to other commodities, such as silver. Gold can be divided into smaller units, without destroying its value; it can also be melted into ingots, and re-coined. The density of gold is higher than most other metals, making it difficult to pass counterfeits. Gold is extremely unreactive. The scarcity of gold stabilizes its value.

Information on Gold Bullion Coin

Precious metals in bulk form are known as bullion, and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. While obsolete gold coins are primarily collected for their numismatic value, gold bullion coins today derive their value from the metal (gold) content and as such are viewed by some investors as a "hedge" against inflation or a store of value. Many nations mint bullion coins. Investment coins are generally coins that have been minted after 1800, have a purity of not less than 900 thousands and is or has been a legal tender in its country of origin. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion.

The European Commission publishes annually a list of gold coins which must be treated as investment gold coins in all EU Member States. The list has legal force and supplements the law. In the United Kingdom, HM Revenue and Customs have added an additional list of gold coins alongside the European Commission list. These are gold coins that HM Revenue & Customs recognise as falling within the exemption for investment gold coins. This second list does not have legal force.

South Africa introduced the Krugerrand in 1967 to cater to this market; this was the reason for its convenient and memorable gold content exactly one troy ounce. It was the first modern, low-premium (i.e. priced only slightly above the bullion value of the gold) gold bullion coin. Bullion coins are also produced in fractions of an ounce typically half ounce, quarter ounce, and one-tenth ounce. Bullion coins sometimes carry a face value as legal tender, The face value is minted on the coin, and it is done so in order to bestow legal tender status on a coin, which generally makes it easier to import or export across national borders, as well as subject to counterfeiting. However, their real value is measured as dictated by their troy weight, the current market price of the precious metal contained, and the prevailing premium that market wishes to pay for those particular bullion coins. The face value is always significantly less than the bullion value of the coin. Legal tender bullion coins are a separate entity to bullion gold. One enjoys legal tender status, the latter is merely a raw commodity. Gold has an international currency code of XAU under ISO 4217. ISO 4217 includes codes not only for currencies, but also for precious metals (gold, silver, palladium and platinum; by definition expressed per one troy ounce, as compared to "1 USD") and certain other entities used in international finance, e.g. Special Drawing Rights.

Gold bullion coins usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes. Most countries have one design that remains constant each year; others (such as the Chinese Panda coins) have variations each year, and in most cases each coin is dated. A 1/10th oz bullion coin is about the same size as a U.S. dime. A 1 oz. gold bullion coin is about the size of a U.S. half dollar.

Fineness of gold coins

Information about: Carat (purity) and Millesimal fineness

Coins are usually made of an alloys as other metals are mixed into the coin to make it more durable. Fineness is the actual gold content in a coin or bar and expressed in grams or troy ounces.

Karat weight is a unit of fineness for gold equal to 1/24 part of pure gold in an alloy. For example, pure gold which is 1000 fine. Below is a karat weight to fineness conversion chart.


Correlation between karats and fineness

* 24 karats = 1000 fine
* 23 karats = 958.3 fine
* 22 karats = 916.6 fine
* 21 karats = 875.0 fine
* 20 karats = 833.3 fine
* 18 karats = 750.0 fine
* 16 karats = 666.7 fine
* 14 karats = 583.3 fine
* 10 karats = 416.6 fine

The fineness is often converted to a percent, as well. If a gold coin has a fineness of .900, the decimal point is moved two places to the right and that number is expressed as a percent - that is 90.0% pure gold. If a gold coin has a fineness of .850, then the gold coin is 85.0% pure, etc.. But fineness is not the only way to value a coin.

Grading of coins

A coin's "grade" is a visual evaluation of the amount of wear on a coin. Coins with little wear are graded higher and therefore assigned higher prices than those with a lot of wear. However, low-grade, extremely rare coins can easily be more valuable than more widely available, higher grade coins of common dates.

In the early years of coin collecting, three general terms were used to describe a coin's grade:

* Good Where details were visible but circulation had worn the surface
* Fine Features were less worn from circulation and a bit of the mint luster showed on the surfaces
* Uncirculated Details were sharp and there was a luster approaching the state of the coin at the mint, prior to general circulation

As the collector market for coins grew rapidly in the late 1800s and early 1900s, it became apparent that a more precise grading standard was needed. Some coins were simply more fine than others, and some uncirculated coins showed more luster and far fewer marks than others. Terms like "gem uncirculated" and "very fine" began to see use, as more precise grading descriptions allowed for more precise pricing for the booming collector market. In 1948, a well-known numismatist by the name of Dr. William Sheldon attempted to standardized coin grading by proposing what is now known as the Sheldon Scale.

Sheldon's scale, included in his famous work "Penny Whimsy", was originally devised specifically for United States large cents, but it is now applied to all series. The scale runs from 0 to 70, where 0 means that you can pretty much tell that it was once a coin while 70 means that it is perfect. Note that 60 is uncirculated, what the general public would consider perfect, with no wear whatsoever. There is a direct mapping from this scale to the older descriptive terms, but they are not always used the same.

Below are the general characteristics that define different coin grades. When grading coins, any defect should be noted, such as bent, scratched, etc.. Cleaning or mutilations of any kind should me mentioned.

* Basal - A piece of metal that can be identified as a coin, but that's about all.
* Fair - (Mint state 1 to 3) The type of coin can be identified, the date may or may not be visible.
* Almost Good (AG) - The date can be read, but parts of the coin and legend are worn smooth.
* Good (G) - (Mint state 4 to 6) Legends, designs and dates are visible but heavily worn.
* Very Good (VG) - Designs and date are clear but lacking details. The "full rim" (the line around the edge of the coin where it was raised up) must be visible.
* Fine (F) - (Mint state 12 to 15) All major details will be visible with the major details virtually complete. In this case, "Fine" describes concerning the condition of the coin - not the purity as described above.
* Very Fine (VF) - (Mint state 20 to 30). More details are visible with major details virtually complete.
* Extremely Fine (XF or EF) - (Mint state 50 to 55) Light wear on the high points with some mint luster present.
* Almost Uncirculated (AU) - (Mint state 50 to 55) Small trace of wear visible on the highest points with at least half of the mint luster still present.
* Uncirculated (UNC) - (Mint state 60 to 65) No trace of wear with some small nicks or marks present.
* Proof (PF) - Coins specially struck for collectors. Usually mirror-like surface. Sand blast and matte proof in some series.

Mint State (MS) - (Mint state 60 - 70) "Uncirculated" and "Mint State" are terms that are many times used interchangeably. MS 70 is considered a perfect coin. Extremely few regular issue coins are considered MS-70 although it is common for new, modern bullion coins to be given a grade of MS-70.

The grading standards are different in different countries. The main standards applied outside the United States are presented in the following table.

Adjectives	Good	Very Good	Fine	Very Fine	Extra Fine	About Uncirculated	Uncirculated	Brilliant Uncirculated
Design Remaining	10%	25%	50%	75%	90%	95%+ Some Luster	100%+ Luster	100% Full Luster
America Grading	G / 4	VG / 8	F / 12	VF / 20	EF / 40	AU / 50	MS / 60	MS / 63/ 65
U.K. Grading	G	VG	F	VF	XF	XF/UNC	UNC	UNC
French Grading	TBC Trιs Bien	B Beau	TB Trιs Beau	TTB Trιs Trιs Beau	SUP Superbe	No Use	SPL	FDC Fleur de Coin
Spanish Grading	RC	BC	BC+	MBC	EBC	No Use	SC	FDC
Italian Grading	M	B Bello	MB Molto Bello	BB Bellissimo	SPL Splendido	No Use	SPL/FDC	FDC
German Grading	GE (VI)	SGE (V)	S (IV)	SS (III)	VZ (II)	No Use	STGL (I) Stempelglanz	PP
Scandinavian Grading	2	1 -	1	1+	01	No Use	0	0
Netherlands Grading	G	(Z.g.) Zeer Goed	(Fr.) Fraai	(Z.f.) Zeer Fraai	(Pr.) Prachtig	No Use	FDC Fleur de Coin	FDC Fleur de Coin +
Portugal Grading	REG	MREG	BC	MBC	Bela	No Use	Soberba

Coin grading is not an exact science. It is a subjective exercise and depends on the qualification and the experience of the appraiser. Industry leaders were extremely concerned that without a standardized grading system, the rare coin industry could face enormous problems. Therefore on February 3, 1986 the Professional Coin Grading Service (PCGS) was formed and in 1987 the Numismatic Guaranty Corporation. Both associations have the same goal of grading coins. Other such organizations are the American Numismatic Association Certification Service (ANACS) and the Independent Coin Graders. In 2003 the American Coin Club Grading Service (ACCGS) was created. The grading is usually done by three independent appraisers. A grading finalizer assigns the final grade of the coin and thereafter the coin is sonically sealed in a protective, inert plastic holder known as "slab". Other associations followed and are at present active.

This third-party appraisal of a coin's physical condition, backed by a guarantee, and a national network of reputable coin dealers provided an extremely reliable form of protection for rare coin consumers who could then participate in the coin market with greater confidence.

" You can sell gold bullion, sell gold bars, sell gold ingot bars, sell gold jewelry, sell gold jewellery, sell old gold, sell gold rings, sell gold engagement rings, sell gold wedding bands, sell gold anniversary bands, sell gold earrings, sell gold necklaces, sell gold bracelets, sell gold pendants, sell gold brooches, sell gold lockets, sell gold charms, sell scrap gold, sell gold class rings, sell gold coin, sell broken gold, sell damaged jewelry, sell dental gold, sell gold metals, sell gold statues, sell gold collections, sell gold key chains, sell gold cufflinks, sell gold money clips, sell scrap gold or any gold items with us today. "

You may contact our valuation officers now for quote to sell your precious metals at (65) 9781 8351.