6 gold coins, 1/20 oz
Best buyback price per coin, highest first
The table above ranks leading Australian dealers by the amount they will pay for your gold coins right now. Select your coin weight, compare the offers, and click through to the dealer who is paying the most to lock in your price.
How Gold Coin Buybacks Work in Australia
Selling gold coins to an Australian bullion dealer is straightforward. You contact the dealer, agree on a price based on their current buyback rate, and transfer the coins either by insured registered post or in person at a physical store. Payment is made by bank transfer on receipt and verification of the coins, typically within one to two business days.
The buyback rate is the price a dealer pays per ounce or per coin. It is always lower than the retail buy price the dealer charges customers, with the difference being the spread that covers the dealer's margin and operating costs. Wider spreads generally mean lower buyback prices relative to spot.
Most dealers require standard identity verification before completing a purchase from a member of the public, in line with anti-money laundering legislation. A government-issued photo ID such as a driver's licence or passport is typically sufficient. For larger transactions, additional documentation may be requested.
What Affects the Price You Get for Your Gold Coins
The gold spot price is the primary driver of buyback prices. All dealer offers move up and down with the spot price throughout the trading day. You can check the current gold price in AUD to understand the base value before comparing dealer buyback offers.
The type of coin matters. Widely recognised bullion coins like the Gold Kangaroo, Gold Maple Leaf, Gold Krugerrand, and Vienna Philharmonic are accepted by all Australian dealers and attract the strongest buyback rates because they are easy to verify and re-sell. Less common coins or unusual weights may attract a lower offer or require individual assessment.
Condition has less impact on buyback price for standard bullion coins than for numismatic ones. A Gold Kangaroo with minor handling marks will generally receive the same buyback price as an uncirculated coin, since value is determined by gold content rather than aesthetics.
CGT When Selling Gold Coins in Australia
Selling a gold coin at a profit can create a capital gain. The cost base generally includes the purchase price and eligible transaction costs; collectable coins can have different rules from standard investment bullion.
Before 1 July 2027, eligible individuals and trusts can generally use the existing discount after the required holding period. Gains accruing from that date move to the new indexation and minimum-tax rules, with transitional treatment for coins already owned. See the CGT changes article.
Complying SMSFs remain under their existing rules, including a one-third discount for eligible assets. That does not make an SMSF automatically preferable. Read the SMSF gold guide and seek advice specific to the fund.
Questions about selling gold coins
How do I sell gold coins to a dealer in Australia?
Contact the dealer to confirm their current buyback price for your coin type and quantity. You can then send your coins by insured registered post or bring them in person to a physical store. Payment is made by bank transfer on verification, typically within one to two business days of the dealer receiving the coins.
What ID do I need to sell gold coins?
Australian bullion dealers are required to verify the identity of sellers under anti-money laundering legislation. A government-issued photo ID such as a driver's licence or passport is typically required. Some dealers may request additional documentation for larger transactions.
Do I pay GST when selling gold coins?
No. Selling investment-grade gold coins as a private individual does not attract GST. You receive the full buyback price shown without any GST deducted. Private sellers do not charge GST when selling their own bullion.
Do I need the original packaging to sell gold coins?
Not usually. Dealers generally buy standard bullion coins without the original capsule or box. The buyback price is based on gold content and authenticity, not packaging. Some dealers may pay a small premium for sealed proof coins with original documentation, but for standard bullion the packaging is not required.
Which gold coins are easiest to sell in Australia?
The Gold Kangaroo from Perth Mint is the most liquid gold coin in Australia and is accepted at the best rates by all major dealers. Gold Maple Leafs, Krugerrands, and Vienna Philharmonics are also widely accepted. Coins from smaller mints or unusual weights may attract lower offers or require individual assessment.
Before you sell
- Buyback prices move with the spot price. Confirm the price with the dealer before you post or bring your gold.
- Dealers ask for photo ID when they buy from you. Keep original packaging and certificates; some dealers pay less without them.
- Private sellers do not charge GST on investment gold and silver.
Tax when you sell
A profit on bullion can be subject to capital gains tax. How much depends on how long you held it and on your circumstances; general information only, not tax advice.