Selling gold Vreneli in Switzerland
While it may make sense to sell larger quantities of gold to your bank or a precious metal dealer, with Gold Vreneli coins you should consider the option of selling them directly to another private individual. The reason for this is the large mark-up that banks and dealers charge for Vreneli coins, or rather the discount that you have to accept when selling a gold Vreneli coin. This difference is the margin earned by banks and dealers.
If you were to sell a gold Vreneli to a bank or precious metal dealer and Aunt Martha were to buy this gold Vreneli back from the bank immediately, Aunt Martha would pay significantly more than you received. It may therefore be wiser to sell the gold Vreneli directly to Aunt Martha. You can find Aunt Martha, Uncle Alfred and other gold buyers on PreMeSec.ch.
The price you can ask for a gold Vreneli depends, of course, on whether it is a 10 or a 20 franc gold Vreneli and what year the Vreneli is. A 10 franc gold Vreneli contains 2.9 g of pure gold, a 20 franc gold Vreneli 5.8 g.
Important note: Disclaimer and riskThis blog post is intended solely for informational purposes and the critical assessment of facts. We would like to help you form your own opinion and better understand the financial markets. This text does not constitute investment advice!
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Market price of a 10 franc gold Vreneli
With a total mintage of just 2.65 million pieces across all years, the 10-franc Goldvreneli is much rarer than the 20-franc Goldvreneli. The high price charged by dealers and banks for these coins should therefore be seen as a collector's or enthusiast's price rather than the price of investment precious metal. We publish the pure gold value on the product page for the 10 franc gold Vreneli. It is advisable to study and compare offers from dealers and banks in order to gain as objective an impression as possible of the current market value.
Common and rare 10 franc gold Vreneli
However, particular caution should be exercised with regard to 10-franc gold Vreneli coins from 1911. 1911 was the first year of production and only 100,000 coins were minted, which is why a gold Vreneli coin from this year significantly exceeds its gold value.
The largest number of 10-franc gold Vreneli coins were produced in 1922, exactly 1,020,000 pieces.
The following complete overview of minting years and editions is based on official information from Swissmint, the Swiss Mint: https://www.swissmint.ch/en/coinage-table
| Commonness of Gold Vreneli coins CHF 10.00 by year of minting | |||
|---|---|---|---|
| Year of minting | Circulation | Note | |
| 1910/1911 | 56 | Trial mintings | extremely rare |
| 1911 | 100,000 | very rare | |
| 1912 | 200,000 | rare | |
| 1913 | 600,000 | rare | |
| 1914 | 200,000 | rare | |
| 1915 | 400,000 | rare | |
| 1916 | 130,000 | very rare | |
| 1922 | 1,020,000 | rare | |
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Market price of a 20 franc gold Vreneli
20 franc gold Vreneli coins were produced in significantly higher quantities, totalling almost 60 million pieces. As a result, their price is very close to the price of gold. Nevertheless, the spread, i.e. the difference between the purchase and sale price, is still so large that it can be worthwhile to trade Gold Vreneli coins privately. We publish the pure gold value on the product page of the 20 franc Gold Vreneli coin.
Common and rare 20 franc gold Vreneli
Very rare 20 franc gold Vreneli are those from 1904 - 1907, 100'000 each and 1926, only 50'000. Especially the extremely rare 1926 can have twice the gold value.
The most common gold Vreneli are those with the year 1935 LB, of which there are 20 million, 1947 9.2 million and 1949 10 million.
The following complete overview of minting years and editions is based on official information from Swissmint, the Swiss Mint: https://www.swissmint.ch/en/coinage-table
| Frequency of Gold Vreneli coins CHF 20.00 by year of minting | |||
|---|---|---|---|
| Year of minting | Circulation | Note | |
| 1897 | 12 | Trial coins with 'frivolous' forelock | rareest Goldvreneli |
| 1897 | 29 | These 29 were made from gold mined in Gondo in Valais. | extremely raree |
| 1897 | 400'000 | common | |
| 1898 | 400'000 | common | |
| 1899 | 300'000 | common | |
| 1900 | 400'000 | common | |
| 1901 | 500'000 | common | |
| 1902 | 600'000 | common | |
| 1903 | 200'000 | common | |
| 1904 | 100'000 | selten | |
| 1905 | 100'000 | selten | |
| 1906 | 100'000 | selten | |
| 1907 | 150'000 | selten | |
| 1908 | 355'000 | common | |
| 1909 | 400'000 | common | |
| 1910 | 375'000 | common | |
| 1911 | 350'000 | common | |
| 1912 | 450'000 | common | |
| 1913 | 700'000 | common | |
| 1914 | 700'000 | common | |
| 1915 | 750'000 | common | |
| 1916 | 300'000 | common | |
| 1917 | 0 | none minted | |
| 1918 | 0 | none minted | |
| 1919 | 0 | none minted | |
| 1920 | 0 | none minted | |
| 1921 | 0 | none minted | |
| 1922 | 2'783'678 | common | |
| 1923 | 0 | none minted | |
| 1924 | 0 | none minted | |
| 1925 | 400'000 | common | |
| 1926 | 50'000 | rare | |
| 1927 | 5'015'000 | widespread | |
| 1928 | 0 | none minted | |
| 1929 | 0 | none minted | |
| 1930 | 3'371'764 | extremely widespread | |
| 1935 | 175'000 | without L mark | rare |
| 1935 | 20'008'813 | with LB mark | extremely widespread |
| 1947 | 9'200'000 | extremely widespread | |
| 1949 | 10'000'000 | extremely widespread | |
Frequently asked questions about selling gold Vrenelis
Should I sell my gold Vreneli?
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Whether you should sell your gold Vreneli depends on many factors, but above all on the price. Many people do not know whether the price is now optimal or whether they should wait a little longer. It is important to realise that it is never the perfect time to buy or sell assets. This also applies to gold.
However, gold owners should be aware of how the price of gold is relative to past times and especially relative to the time when one bought or received the gold as a gift.
Gold had a peak at the beginning of the 1980s of around 261 CHF per gold Vreneli, after which the price fell with certain fluctuations to around 80 CHF/gold Vreneli in 2000. From then on it began to rise with intermittent peaks, first slowly and then almost explosively from 2005 onwards. Since 2009, the gold price has not fallen below the CHF 180/gold Vreneli mark.
This shows that the gold price can maintain a rising or falling trend over decades and can also fluctuate strongly in the short term.
Anyone who bought their Goldvreneli before 2009 will in all likelihood have made a profit, if you take the pure gold price as a basis.. Between the beginning of 2020 and 2023, the price of the gold Vreneli fluctuated from CHF 290 to CHF 360. Anyone who bought then must weigh up for themselves today whether they are prepared to sell their gold Vreneli at the current price or whether they want to hold onto the gold for a while longer.
The future development of the gold price is difficult to estimate. It depends strongly on the amount of money created, the economic development, inflation and the development of interest rates. Even experts are often wrong in their predictions and so a decision to hold or sell gold based on a presumed price development remains speculation.
Where is the best place to sell a gold Vreneli?
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You can sell gold Vrenelis on specialised precious metal trading platforms such as PreMeSec.ch, but you can also sell them at your bank or at precious metal dealers.
How much can I ask for a gold Vreneli?
- If you sell a Goldvreneli privately, you can ask for significantly more than the gold price for a 10-franc Goldvreneli, while a 20-franc Goldvreneli is closer to the gold price. For particularly rare vintages, it is essential to use price lists from numismatic websites as a guide. Banks and dealers often only offer the gold price or even slightly less.
