The worth of a 1 oz gold coin can vary based on several factors, including:
- Spot Price of Gold: The baseline value is determined by the current spot price of one troy ounce of gold in the market, which fluctuates due to global supply and demand.
- Type of Coin: Whether it’s a bullion coin (valued primarily for its metal content) or a numismatic coin (valued for rarity, historical significance, etc.) affects the price.
- Purity: Higher purity typically leads to a higher price, closer to the spot price.
- Minting and Production Costs: The cost of designing, labor, and equipment for creating the coin contributes to its premium over the spot price.
- Numismatic Value: Coins with historical significance, limited mintage, or unique characteristics can be more valuable to collectors and command a premium.
- Market Demand: The popularity of specific coins, like the American Gold Eagle or South African Krugerrand, can increase demand and drive up premiums.
- Dealer Premiums: The price set by the seller includes their operational costs and profit margins.
Based on recent data (August 14, 2025):
- The Monex spot price for 1 oz of gold is $3,355.00 USD.
- Some examples of current “ask” or purchase prices for popular 1 oz gold coins from various sources include:
– American Gold Eagle (ask price): ~$3,483.24 – $3,497.90
– Canadian Maple Leaf (ask price): ~$3,446.60 – $3,467.78
– American Gold Buffalo (ask price): ~$3,490.74 – $3,504.80
– South African Krugerrand (ask price): ~$3,441.99 – $3,448.50
– British Gold Britannia (ask price): ~$3,449.49 – $3,448.78
– Austrian Gold Philharmonic (ask price): ~$3,445.70 – $3,469.49
– Australian Gold Kangaroo (ask price): ~$3,447.70 – $3,449.49
Please note: Prices can fluctuate throughout the day due to market conditions, and different dealers may offer different prices. It’s recommended to consult with a reputable dealer or check real-time online sources for the most up-to-date pricing information.
Is it better to buy 1 oz gold bar or coin?
From my experience, For large investors purchasing in bulk, gold bars are a better value as they have lower premiums above the spot price. But if you want to add gold incrementally over time, gold coins offer the convenience of purchasing in small amounts and thus are more suitable for new investors.
Why does 1 oz gold coin say $50?
Thanks for asking. While their actual selling price (purchasing power) varies based on the spot price of gold, these coins carry face values of $5, $10, $25, and $50. These are their legal values, reflecting their issue and monetized value as “Gold Dollars”, as opposed to standard bullion.
How to sell a 1 oz gold coin?
Thanks for asking. When you are ready to sell Gold Eagle Coins, simply create a packing slip using our online store. It’s easy to select your product from our product list and make your sale. Having trouble? Call us at 1 877 775-4826 (US and Canada) or use our international number, 1 514 313-9999.