Redeemable or non-redeemable gold coin
A marketable gold coin is also known as a quoted gold coin or stock market gold coin. It is also referred to as a coin in exchangeable condition.
Redeemable Gold Coin
A coin is said to be exchangeable when it meets the quality and authenticity criteria corresponding to the standards in force on the stock market:
- purity greater than or equal to 900/1000th
- minted after 1800
- which are or have been legal tender in their country of origin
- perfect state of preservation
If a gold coin meets all these criteria , it benefits from a premium recognized on the market, in addition to the value of the gold it contains. This premium corresponds to the difference between the price for its net weight in gold and its actual price.
Exchangeable gold coins
Here are the exchangeable gold coins whose gold quotations you can consult.
- 20 Francs Napoléon effigy Coq Marianne
- 20 Swiss francs
- Latin Union
- Sovereign
- 20 Dollars
- 10 Dollars
- 50 Pesos
- 10 Dutch Guilders
- Krugerrand South Africa
- 10 Francs Napoléon effigy Coq Marianne
- 20 Francs Tunisia
- Sovereign Elizabeth II
- Tomi Souverain
- 5 US Dollars
- 20 Reich Mark
Non-redeemable gold coin
In contrast, non-redeemable gold coins are only worth their weight in gold, with no added premium. Gold coins are considered non-redeemable when the criteria are not met.
Here are the types of non-redeemable gold coins:
- Collector or numismatic coins
- Modern gold coins
The required perfect state of preservation is not met when :
- the gold coins were set in jewelry.
- The gold pieces have been rubbed or polished.
- an impact or inclusion is visible to the naked eye.
- Twisted and bent gold coins.
- Gold coins that are broken, cut or have badly damaged blanks.
Do you own gold coins and don't know whether they are exchangeable or non-exchangeable? Contact us or visit one of our Abacor branches in Paris so that our experts can advise you.
Keep your exchangeable gold coins under seal
Buying exchangeable coins to invest in gold is a safe bet, and has strong arguments against the gold bar. It's important to keep your exchangeable gold coins in a quality seal to guarantee their value on the gold market. Indeed, the state of wear is essential to guaranteea coin's marketability, as bullion coins that are too worn cannot be valued at their market value.
It is therefore advisable to keep them sealed to ensure that they remain in marketable condition.