Selling gold Vreneli in Switzerland
Anyone who wants to sell their gold Vreneli wonders where it is best to sell it.
While it can make sense to sell larger quantities of gold to your house bank or to a precious metal dealer, for gold Vrenelis you should consider selling them directly to another private indivitual. The reason for this is the large price premium that you have to pay for a Vreneli at banks and dealers, or the price discount that you have to accept when you sell a gold Vreneli.
If you were to sell a gold Vreneli to the bank and Aunt Martha were to buy this gold Vreneli from the bank again immediately, Aunt Martha would pay 15% more than you received. The bank's margin is therefore 15%. It would therefore be much wiser to sell Aunt Martha the gold Vreneli directly. 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.
Market price of a 10 franc gold Vreneli
Since they are much rarer, a 10-franc gold Vreneli can easily be priced at the gold price plus 30 %. The banks only pay the gold price for it, but charge the gold price plus 60 %. So the bank's margin is up to 60%.
Calculate the sales value of a 10 franc gold Vreneli
Gold price in kg /1000 x 2.9 (for the gold in the gold Vreneli) * 1.3 to add the 30 % mark-up.
You can easily google the gold price in kg or look it up in the daily newspaper.
Common and rare 10 franc gold Vreneli
When it comes to the 10 franc gold Vreneli, you should be particularly careful with the 1911 vintage. 1911 is the first vintage and only 100,000 were produced, which is why a gold Vreneli of this year is worth up to three times as much as the gold value.
The highest number of 10 franc gold Vreneli was produced in 1922, exactly 1,020,000.
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Market price of a 20 franc gold Vreneli
For 20 franc gold Vreneli, which were produced in much larger quantities, you can charge the gold price plus 5%, the banks charge about the gold price plus 10% and pay the gold price less 5%. So the bank's margin is 15 %.
Calculate the retail value of a 20 franc gold Vreneli
Gold price in kg /1000 x 5.8 (for the gold in the gold Vreneli) * 1.05 to add the 5 % mark-up.
You can easily google the gold price in kg or look it up in the daily newspaper.
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.
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 gold Vreneli before 2009 can sell it with peace of mind, they have certainly made a profit. 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?
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If you sell a gold Vreneli privately, you can ask about 30% more than the gold price for a CHF 10 gold Vreneli and 5% more than the gold price for a CHF 20 gold Vreneli. For particularly rare vintages, however, you can pay considerably more. Banks and dealers often offer only the gold price or even a little less.
