About gold coinsThere are two types of gold coins. Collector coins and bullion coins, and you price these differently than you would your scrap. If you have either, it's important to know the difference between the two. Collector coins are not sold by weight, but rather on their age, rarity, condition and mintage numbers. The U.S. minted gold coins until 1933 when Franklin D. Roosevelt passed a law "Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates." Most coins were confiscated, melted down and made into bars. In 1970, the ban was lifted and Americans were once again allowed to purchase gold. If you have gold coins pre-dating 1933, they need to be priced by collector value. Follow this link for pricing collector gold coins: U.S. Gold Type Coins - Regular Strikes. If you'd like to learn more about coin collecting, this is a good site to visit.
In 1986, the United States Mint rolled out its first American Eagle bullion coins in denominations of 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce. The most widely recognized bullion coins are the American Eagle, Canadian Maple Leafs, South African Kruggerands, Australian Kangaroos, Chinese Pandas, and Austrian Philharmonics. As the price of gold fluctuates, so does the value of bullion coins. Since weight, content and purity of the American Eagles is guaranteed by the U.S. government, their gold standard is recognized. The price of bullion coins can usually be found listed seperately on precious metal charts.
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