Pre-owned gold coins represent excellent value as they are usually sold at a lower premium than newly minted coins, offering a great opportunity to get the most gold for your money. New coins attract manufacturer's premiums and delivery costs, and so are generally more expensive than second-hand ones. Manufacturers premiums do not apply when purchasing pre-owned gold coins. With the exception of coins with numismatic, historic, or collectible value, the value of a pre-owned gold bullion coin is determined only by the current market price of the precious metal, and so bullion dealers are able to sell pre-owned gold coins at lower premiums than new.