Stock market prices for gold and silver
gold
silver

- I was told that coins can be purchased from your shop below market price. Is that correct?


First of all, a few issues should be clarified, especially the term "Market Price". (Reference: https://www.kdggold.com/en/content/market-average-price-for-gold/).

Now that this term is clear, we can reply in the affirmative: yes, in certain cases coins can be bought below market price at the time of purchase. That is, you can buy certain coins for a lower price at certain moments, but of course this can’t be below the market price of gold. The coins we buy back often have minor defects such as scuff marks and/or micro scratches. That said, they are still coins that contain a precise amount of gold. Dealers usually refer to them as mixed year and 2nd quality coins. Conversely, old coins in pristine condition are usually labeled as “Brilliant Uncirculated (BU)

Such coins have never been circulated and retain their original mint luster and detail. These coins tend to exhibit a brilliant sheen and sharp details.

Pursuant to the internal regulations of our company, all the repurchased coins can be bought within a three-day period with a minimum trading margin. This can be done since we buy back coins from our customers without paying any additional transaction fees or the cost of insured shipping and storage. It allows us to sell these coins to our customers below market price.

If we are unable to sell the repurchased coins within three days, they will be evaluated by our experts, after which the price will go up. However, this is a rare case, since KDG usually sells repurchased coins immediately, based on the waiting list priority. If you would like to buy such coins, the best option is to file an application so you can secure a spot on our waiting list. You should contact us by email or by phone. Additionally, keep in mind that when you purchase old gold coins that have already been in circulation, such as British Sovereigns minted back in the 1900s, you’re buying a little less gold than when you purchase modern Sovereigns. The reason is that these coins had already been in circulation and then wore out gradually through the process of obsolescence. For this reason, gold and silver coins that were supposed to be in circulation were never made of pure silver and gold. In such cases. Ligature was always added to harden to harden the coins and make them more durable for circulation.