Selling Gold & Silver Coins & Bullion
When it comes time for you to think about selling your gold and silver bullion rounds, bars and coins it can be difficult to arrange the easiest and most cost effective way to do liquidate your investment. On this page we will outline the different options you have when selling bullion and coins both online or at your local coin shop as well as the tax reporting requirements and other factors you may have to take into consideration before selling.
Most online dealers give you the option to sell your bullion to them. When selling your bullion to online dealers you have to take a few things in to consideration, like shipping costs, length of the whole process (total amount of time it takes for you to ship the products and receive your money), and obviously the price they will pay you for the specific item(s) that you are selling.
You can also sell to a local dealer and usually refineries as well. One of the positives to doing this is that you don’t have to pay any form of shipping costs like you do with online dealers. Before selling your Gold and Silver to local dealers you should keep in mind what spot price is for that day as well as the premiums associated with each item you plan on selling. Some Gold and Silver products such as coins generally carry higher premiums over spot price which should be taken into consideration when negotiating a price.
Selling to online dealers vs. local dealers
When choosing whether to sell to a local dealer or an online dealer, you should do some research to find out which way would be more cost effective. For example, say that a local dealer is offering you $32.00 for an American Silver eagle and an online dealer is offering you $32.87 but you would have to pay for shipping, it would obviously be more cost effective to sell to the local dealer.
Where can I sell my Gold and Silver rounds, bars, and coins online?
(click each company’s logo for more information regarding their buy back program)