Why buy gold coins rather than gold jewelry?

Posted on June 7th, 2009 by Jewelry Lover

piNkiShlOOps asked:


Why should I purchase gold coins rather than buy gold jewelry? Is one generally worth more than the other? Is one valued more than the other? List pros and cons please! Thanks!

2 Comments • Posted in Gold Jewelry

Comments

  1. I. B. Zoxx - June 10, 2009 at 8:54 am

    Coins have these major advantages:
    Weight and fineness are always a known quantity. That makes coins much easier to buy and sell. Numismatic (collector) value is a bonus.
    Gold jewelry is harder to evaluate. In buying gold jewelry, you are paying for workmanship, and you are unlikely to get that back when selling (Cash4gold.com and similar outfits give you nothing for workmanship or precious stones that may be part of the piece).

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  2. KMcG - June 9, 2009 at 8:40 am

    Jewelery you can wear, it’s value is based on the gold content 10kt, 14kt etc. And the stones, diamonds, emeralds etc. And the quality of those stones.

    Coins are always a higher percentage of gold. You can’t wear them.

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