New World‘s economy has quickly proven to be a bit of a mess, which New World Coins means that nearly all of the MMOs thousands of players are currently scrambling to find ways to earn a little extra gold (or “coin” as it’s technically referred to in the game).

The bad news there is that the nature of New World‘s economy means that there are few surefire ways to earn gold in this game quickly. This article does a great job of explaining the situation, but the basic problem at the moment is that the game is very stingy with currency rewards, and open-market ways to earn gold are proving to be remarkably inconsistent. While you can get around New World‘s “gold shortage” through bartering and trade, there are just certain things you’re going to need gold for at some point.

That being the case, let’s focus on a few of the surefire ways to earn gold in New World as well as a couple of gambles that could prove to be quite lucrative.

Quests, Quests, Quests.

In most MMOs, questing is honestly one of the worst ways to farm gold. In New World, questing is shockingly the only truly consistent way to acquire extra money throughout the normal course of play.

You should complete pretty much every quest that’s available to you in New World, as those quests are one of the few ways the game directly rewards you with notable amounts of gold for simply playing. Mobs will occasionally drop gold, but there’s no way you’ll ever be able to “farm” enough of them to make gold as you can in some other MMOs.

More important than completing quests to earn gold is realizing you need to save the gold you earn from quests. Once you’ve completed New World’s most lucrative quests, you will essentially have deprived yourself of the absolute best way to earn gold in the game. You will need to plan around that inevitability.

Learn Armorsmithing and Weaponsmithing.

In our look at New World’s professions, I theorized that Armorsmithing and Weaponsmithing will probably end up becoming valuable skills. That turned out to be the case, but not for the reasons I initially suspected.

While you can absolutely sell armor and weapons for extra gold, the real value of those trade skills is the fact that they make you a much more self-sustainable player. Being able to rely on your own crafting skills for high-level armor pieces and weapons is significantly better than needing to rely on the open market or bartering for such items.

Even better, focusing on Armorsmighitng and Weaponsmithing means that you naturally get to level up other valuable skills. Speaking of which…

Farm Tier 1 Resources (Especially Iron Ore).

While crafting and selling high-value items is certainly one way to make gold in New World, the most proven gold farming methods in the game so far usually revolve around low-level (Tier 1) resources.

Because of the way New World’s various crafting systems work, pretty much every player is going to always need Tier 1 resources in some capacity as they continue to play. While those resources may be easier to acquire and more common (and therefore less valuable on a per-unit basis), we’re quickly seeing that it seems to be better to focus on gathering low-value resources that everyone needs over high-value resources that only some players need.

Iron Ore seems to be the most valuable overall Tier 1 resource at the moment, but the point is that you shouldn’t be turned off by what appears to be the “low value” of these items as the fact that they will consistently sell quickly makes them more value than their per-unit price suggests.

Consider Which Settlement You’re Using the Trading Post In.

New World’s Trading Post (essentially the game’s auction house) is kind of unique in the sense that it isn’t really a “server-wide” market. Instead, each settlement has its own market with unique market prices.

What that means is that an individual resource (let’s say Iron Ore) might sell for .01 gold in one settlement and .03 gold in another. You can check the various current settlement prices via a dropdown in the Trading Post menu, so there’s no reason not to see what the current price differences are before you commit to a buy or sell price.

While you should ideally sell your items for the highest possible price, that’s not always the best move. If it would take too long to travel to another Trading Post for a slightly higher price, it might not be worth the time it would take to get there. You also have to consider taxes and how those could impact your potential returns. The point here is to always be aware of your options.

Always Know The Value of Refined vs. Raw Resources.

There are many times in New World where you’ll need to consider whether or not a crafted item is more valuable than the individual resources that go into it. There is no Cheap New Word Coins more “consistent’ example of that discrepancy than raw materials vs. refined materials.