Buying And Selling Gold Bars
Safety and trust are absolutely critical qualities to find in whomever you're selling gold to. You can rest assured that a coin dealer will always buy back any product they sell themselves at a fair price. Ideally, they should also be a member of the Better Business Bureau (BBB). Sadly, the risk of theft or fraud are an ever-present concern with a high-value asset like gold.
buying and selling gold bars
The next-worst option for selling gold is an online auction site. These services take a hefty "seller's fee" of more than 10% from your final sale price (while you assume the liability for shipping and insurance). More importantly, there are no protections against cancelled purchases in the "fine print." In these cases, you lose out on the fees and have to start the process over with less money.
If you've chosen to sell gold to a bullion dealer, the next step is to choose between selling in person or online. Thanks to the modern convenience of the internet, many dealers will allow you to sell gold online to them. You will probably need to photograph the items, fill out a sales form, and give the dealer adequate time to make an offer.
If your gold is in the form of rare or collectible coins, you'll likely want to stop by the dealer's physical location. That will give them the best chance to closely evaluate the condition and appearance of the coins. This is less of a concern with generic products like gold bars.
Bullion coins will be worth slightly more than generic gold bars. Both are highly pure gold and considered liquid assets, but there are slight liquidity differences between bars and coins. The latter are legal tender and typically a bit easier to sell, and thus command slightly higher prices. If you sell gold bars with a serial number from a name brand, they may be worth more.
Any potential buyer who advertises a way to avoid taxes when selling gold should be viewed with suspicion. This is a huge red flag that something unlawful is going on. As unpleasant as it is to fork over a tax payment, it's better than being in hot water with the IRS.
Selling gold online isn't much different than selling it in person. All you need to do is find a trustworthy gold dealer with a website. There you should find information about the process of selling gold online. Using the information in this guide, you can judge for yourself if they are a reputable gold buyer.
No, most bullion businesses will not buy your old jewelry or scrap gold. The one exception is if you have 24 karat gold (24K gold), but this is rather uncommon. (Gold chains or engagement rings are more likely to have a lower gold purity such as 18K gold.) The best place for selling gold jewelry and silver jewelry is your local jeweler or jewelry store.
In addition to being an online gold buyer, Gainesville Coins also operates a luxury showroom storefront. You can always visit our showroom to sell your gold in person, or call us at (813) 482-9300 with any questions about selling gold and silver.
1 oz gold bars are usually rectangular. They are produced either as cast or minted bars. Because 1 oz gold bars are manufactured from a variety of refineries and government mints, their look and feel can vary.
Gold bullion bars are some of our biggest selling gold bullion formats in the U.S. and globally. They are competitive from a price point of view and very suitable for both insured delivery and secure storage.
GoldCore only sells gold bars (1 oz) of recognized and widely-traded brands. These would include the one-ounce gold bars from such highly regarded and LBMA approved refineries such as Johnson Matthey, Credit Suisse, MKS PAMP, Heraeus and government mints such as the Royal Canadian Mint, the Royal Mint and the Perth Mint of Western Australia. Perth Mint gold bars remain our most popular bullion bar.
You can buy 1-oz gold bullion bars online from GoldCore for delivery or storage using the BUY button at the best rate possible. We have the cheapest 1 oz gold bars available, or you can call our office to place your order over the phone.
We deliver gold bars and coins fully insured to our American clients throughout the United States from our depository partner vaults in Delaware. We offer all major bullion bar and coin products for delivery and storage and you can pay by bank wire, by credit card or by debit card.
Many of our U.S. clients opt to store their gold bars in fully insured, offshore Secure Storage locations. We specialize in offering U.S. clients access to allocated and segregated bullion storage in secure nonbank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London, and Singapore.
1 oz gold bars typically command premiums of between 2.5% and 3.75% with GoldCore who offer some of the most competitive premiums in the gold market. They are great for accumulating gold at attractive premiums that are considerably cheaper than gold coins. As long as you buy from a reputable dealer, tamper-proof and sealed bars you should be fine.
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You may be familiar with the popularity of gold coins from infomercials and other advertisements. This form of buying and selling gold is well-known, and often more convenient than gold bars due to their smaller size. Investors can purchase gold coins from collectors or private dealers, and eventually sell for a profit. Dealers are located in most cities making gold coins easy to come by. For ease of purchase, gold coins are one of the best ways to invest in gold for beginners.
Investing in gold mining companies is an interesting way to combine gold investments with traditional stocks. By purchasing shares in a company that works with gold, investors can access the profits of gold without buying or selling it themselves. This form of investing can also provide lower risks, as there are other business factors at play that can help protect investors from flat or declining gold prices. That being said, investors conduct significant research when searching for the right company to invest in. There are risks associated with the mining industry that can interfere with overall profits or even bring up ethical concerns. Always do your research when selecting a gold mining company to invest in.
The numerous benefits of gold make it a promising investment opportunity. However, there are a few things you should know before trying to buy physical gold. The first, and more important, is to identify a reputable gold seller. There are countless scams out there about buying and selling gold. Not only do you want to avoid falling for a trap, you also want to ensure you avoid making to large or too small of an investment on account of the seller. Review online resources to find trustworthy sellers and ask about fees and other costs associated with their work.
Selling gold never has been easier--or riskier. With prices of the precious metal hitting records almost daily ($1,774 the ounce, as of today), and with fear and uncertainty continuing to roil the world's financial markets, gold buyers are eager to pay top dollar for any jewelry, coins or bars you care to part with.
Since May, eBay has been offering a new feature on its site--a Bullion Center. Spokesperson Johnna Hoff says it was created \"to be a one-stop destination\" consolidating trade in all types of bullion--gold and silver coins and bars, primarily. The terms and conditions that apply to the sale of a gold bar are no more onerous those that apply to somebody who sells a toaster, a football jersey, or anything else on eBay: Small, casual sellers (non-professionals) pay eBay 9 percent of the price for which their bullion sells, when and if it does. There's no charge for listing. Small sellers, says Hoff, accounted for about one-third of bullion sold last week on eBay. 041b061a72