Gold price in Essen today
A gold inheritance raises many questions: what is it worth, and do I have to pay tax? Here you'll find today's gold price and answers for Essen.
The gold price is the same throughout Germany. Differences in Essen arise in the buying price: dealers deduct a margin from the spot price – comparing pays off.
Gold · today in Essen
Range on last trading day €3,471.70 – €3,472.87 · Previous day €3,472.87
Gold coins and bars from an estate
Many families in Essen have bought gold coins over decades – Krügerrand, Maple Leaf, Wiener Philharmoniker or historic coins such as the 20-mark piece of the German Empire. With an inheritance, it pays to take a close look before everything is sold at a flat rate.
Valuing step by step
- Make an inventory: coin name, year, quantity, condition. Note bars with manufacturer and weight.
- Determine the fine weight: a one-ounce bullion coin contains 31.1 g of fine gold, a 20-mark piece around 7.2 g.
- Calculate the material value with the gold calculator.
- Check the collector value for rare or historic coins.
Tax on inherited gold
For the one-year holding period on private sales, the date on which the deceased bought the gold counts. If they bought the gold more than one year ago, the sale is usually tax-free for you as a private individual. Inheritance tax is a separate matter and depends on your tax-free allowances. If in doubt, consult a tax adviser.
Selling in Essen
For bullion coins and bars, the spread between the spot price and the buying price is small. Compare offers based on the price per ounce or per gram of fine gold – and don't let yourself be pushed into a quick flat-rate sale.
Gold price in Essen – history
What is your gold worth in Essen?
| Fineness | Carat | per gram |
|---|---|---|
| 24 carat fine gold (999) | 24 K | €111.51 |
| 22 carat gold (916) | 22 K | €102.24 |
| 21.6 carat gold (900) | 21,6 K | €100.46 |
| 21 carat gold (875) | 21 K | €97.67 |
| 18 carat gold (750) | 18 K | €83.71 |
| 14 carat gold (585) | 14 K | €65.30 |
| 9 carat gold (375) | 9 K | €41.86 |
| 8 carat gold (333) | 8 K | €37.17 |
How to sell gold safely in Essen
- Check the purity: look for hallmarks such as 585 or 750 and weigh the item on an accurate scale.
- Calculate the material value: with the gold calculator based on today's price.
- Get several quotes: compare at least two dealers in Essen – buying prices often differ widely.
- Bring your ID: for cash transactions of €2,000 or more, identification is required by law.