Gold coins are one of the most popular forms of gold investment in India — Diwali coins, MMTC Pamp bars, bank-issued coins, temple prasad coins. But when it's time to sell them, many people are unsure: Do I go back to the bank? Do I need the original box? Will I lose money on the premium I paid?
This guide answers all of those questions from the perspective of a professional gold buyer in Dehradun.
How Gold Coins Are Valued
At a professional buyer like IGoldcash, every gold coin is valued using the same formula that applies to all gold:
Payout = Pure gold weight × Today's MCX rate
For example: a 24K (999 purity) 10-gram MMTC Pamp coin contains 9.99 grams of pure gold (10g × 0.999). At a hypothetical MCX rate of ₹7,500/gram, that coin would fetch approximately ₹74,925.
The coin's design, origin, brand, or packaging are not factors in the buying price. What matters is purity (karatage) and the net gold weight.
Types of Gold Coins IGoldcash Buys
MMTC-Pamp & BIS Hallmarked Coins
Government-issued or hallmarked coins (MMTC-Pamp, SBI Gold, ICICI Gold, etc.). Usually 24K / 999 purity. Certificate and packaging are helpful but not required.
Temple & Prasad Coins
Lakshmi-Ganesh coins, Tirupati or Vaishno Devi coins, Diwali puja coins. Purity varies (22K–24K). Tested and priced on actual purity — not assumed purity.
Jeweller-Issued Coins
Coins sold by jewellers (Tanishq, Malabar, Kalyan, Ghanshyam). Usually 22K or 24K. IGoldcash tests purity independently regardless of the brand.
International Gold Coins
Sovereign coins (South African Krugerrand, Canadian Maple Leaf, American Eagle, Australian Gold Nugget). Tested on their gold content — no collector premium is paid.
The Pricing Difference: 24K vs 22K Gold Coins
Not all gold coins are the same purity — and this significantly affects the selling price.
| Coin Type | Typical Purity | Gold Content per 10g | Rate Applied |
|---|---|---|---|
| MMTC-Pamp (24K) | 999 fineness | 9.99g pure gold | 24K MCX rate |
| BIS Hallmarked (24K) | 995 fineness | 9.95g pure gold | 24K MCX rate |
| Tanishq / Malabar (22K) | 916 fineness | 9.16g pure gold | 22K MCX rate |
| Temple / Prasad coins | Varies (test required) | Depends on test result | Rate per tested purity |
| Jeweller gift coins | Varies (test required) | Depends on test result | Rate per tested purity |
This is why independent purity testing is important — you should know exactly what purity your coin is before you negotiate a selling price.
Does the Certificate or Original Box Matter?
The short answer: no, not for pricing — but yes for convenience.
- Pricing is based on tested purity, not what the certificate claims. Even a certified 999 purity coin is tested independently.
- Certificates speed up the process — if the coin has a tamper-evident assay card (Pamp Suisse style), the testing is faster because the assay card itself is reliable. But it is not required.
- Original packaging has no premium at a gold buyer. A coin outside its box is worth the same as one still sealed.
Understanding the Premium You Paid vs What You'll Get Back
When you buy a gold coin from a bank or jeweller, you typically pay:
- MCX gold rate at time of purchase
- + Making/minting charges (typically 2–10%)
- + GST at 3%
When you sell the same coin at a professional gold buyer, you receive:
- MCX gold rate on the day of selling
- × Pure gold weight in the coin
The minting charges and GST paid at purchase are not recoverable when selling. This is a known cost of buying gold in coin form versus, say, buying in bar/jewellery form at lower making charges.
How the Process Works at IGoldcash
- Walk in — no appointment needed. Bring your gold coin(s) to BS-26, Nehru Colony, Dehradun.
- Purity testing — acid test and specific gravity test done in front of you. If the coin has a tamper-evident assay card (e.g., Pamp Suisse), that may be sufficient for identification.
- Weighing — net gold coin weight measured on a certified digital scale.
- Written quote — a written breakdown (purity × weight × today's MCX rate = payout) is given before any decision is made. No obligation to accept.
- KYC — government ID required. PAN Card needed if the transaction is above ₹2 lakh.
- Instant payment — NEFT / IMPS / RTGS to your bank account, same visit. Confirm the credit on your phone before leaving.
What to Expect on the Day
Call +91 9258344869 on the morning of your visit to get today's MCX gold rate. This lets you calculate an approximate expectation before you travel. The actual payout will be determined after testing, but it gives you a clear reference point for your decision.
Coin transactions are typically faster than jewellery transactions because coins are generally a consistent and well-known purity — the testing process is quicker for standard hallmarked coins.
Visit IGoldcash to Sell Your Gold Coins
IGoldcash is at BS-26, Nehru Colony, Dehradun. Open Mon–Sat 10am–7pm, Sunday 11am–5pm. No appointment needed for coin sales. Call first to confirm today's rate.
Ready to Sell Your Gold Coins?
Walk in today — free coin valuation, written quote, instant bank payment. Call first for today's rate.
Frequently Asked Questions
Does IGoldcash buy gold coins in Dehradun?
Yes. IGoldcash buys all types of gold coins — MMTC-Pamp, Malabar, Tanishq, temple/prasad coins, and international gold coins — at live MCX gold rates based on purity and weight.
How much will I get for my gold coin?
Payout = pure gold weight × today's MCX rate. For a 24K (999) 10g coin: 10g × 0.999 = 9.99g × today's rate. Call +91 9258344869 for today's exact rate before your visit.
Can I sell a gold coin without its certificate or original packaging?
Yes. Certificates and packaging are not required. IGoldcash tests every coin independently using acid and density testing, so purity is confirmed regardless of documentation.
Will I get a collector's premium for a rare or old gold coin?
IGoldcash is a gold buyer — we pay for the metal content at the current MCX rate, not for numismatic (collector) value. For rare or collectible coins, you may want to explore a numismatist or collector's market for a potential premium above melt value.
What documents do I need to sell gold coins in Dehradun?
A government photo ID (Aadhaar, Passport, or Driver's License) for all transactions. PAN Card is mandatory for amounts above ₹2 lakh. See our KYC Policy.