What you hold · Sovereign Coins
Eagles, Maples, Krugerrands and Britannias
Government-minted bullion coins are widely recognized, easy to verify, and highly liquid. They are excellent collateral — with one caveat that costs people money.
No credit check and no obligation. If borrowing is the wrong instrument for your situation, that is what you will hear first.
65%
Advance against market value
$15k
Minimum loan — about $23,000 in gold
Same
Bars returned on repayment. Not equivalent — the same bars
2004
Trading precious metals since
The premium you should not pledge
A secured advance is against metal content. Most bullion coins carry a modest premium over melt and that is fine. But some dates, mints and grades carry a numismatic premium far above metal value, and pledging one of those means putting an asset worth considerably more than its collateral value into a facility that will only ever recognize the metal.
What we look at
- Common bullion issues — Eagles, Maples, Krugerrands, Britannias, Philharmonics.
- Gross weight and fineness, which differ between issues of the same nominal ounce.
- Condition, only so far as it affects verification.
- Whether any coin might carry a premium worth keeping out of the pledge.
- Tubes and original packaging, which speed counting.
How we handle it
- 01Tell us what issues and roughly how many.
- 02Flag anything you suspect is a key date before shipping.
- 03Estimate against metal content at live spot.
- 04Verify and count on arrival, with you able to be present.
- 05Fund in days; the same coins return on repayment.
Krugerrands and Eagles are alloyed, so a one-ounce coin weighs more than one ounce gross while containing one ounce of gold. Maples and Britannias are finer. It changes the count, not the value, and it confuses people the first time.
Said plainly
Where we stop
If you think a coin is a key date or a high grade, do not pledge it. Get it looked at by a numismatist first. We will tell you this rather than quietly advance melt against something worth several times that.
FAQ
Common questions
- Do you advance on the collector premium?
- No. A secured advance is against metal content, which is exactly why a genuinely rare coin should not be pledged.
- Are Krugerrands worth less?
- No. They contain a full ounce of gold; they are alloyed so they weigh more gross. Same gold, different total weight.
- Do I need original tubes?
- Not required, but they make counting and verification quicker.
- Can I pledge a mixed collection?
- Yes. We value each issue on its metal content.
More what you hold
Gold Bars
A cast or minted bar from a recognized refiner is the simplest thing to lend against. Known weight, known purity, public price, and usually a serial number.
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Scrap & Jewelry Gold
Karat jewelry, dental gold and mixed estate lots are all real collateral. They just take more work to value, because nothing is stamped reliably.
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Dealer Inventory
Every dealer has had the month where the only way to make a purchase or meet an obligation is to sell inventory into a bid that is softer than it should be.
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Next step
Run it both ways before you decide.
No credit check and no obligation. Tell us what you hold and what the money is for, and if selling is the better answer for your situation you will be told that first.
Business purpose only. Not available in Nevada, Vermont, North Dakota and South Dakota.