Gold & Silver Buying/Selling FAQs

The decision of when to sell your gold or silver will depend on your personal circumstances. Things to consider are market conditions and our financial goals. The price of the gold or silver is certainly a key factor when determining when to sell, but the choice of when that is can only be made by you.

If you are looking to sell gold or silver, you have several options. You can visit a reputable bullion dealer, pawn shop, or jewelry store. It is important to research and compare each option to ensure you are receiving a fair offer for your gold or silver.

The value of gold and silver is determined by several factors such as current spot prices, the weight and purity of the metal, and any additional collectible value your items have. Reputable dealers will consider all these factors when presenting you with an accurate offer for your items.

If your jewelry has collectible value such as being a reputable brand or rare design, it may be more valuable as an intact piece. However, if it does not have value beyond that of the metal alone, it would be advisable to sell it as scrap metal.

The best way to ensure that you get a fair price for your items is to receive multiple valuations. You should also only work with reputable gold and silver buyers who have transparent pricing policies. Additionally, you should educate yourself about the current market price of gold and silver before selling it.

Tax regulations vary by jurisdiction regarding the sale of gold and silver. In some cases, you may be responsible for paying capital gains tax on selling gold and silver, if you made money on your items. It is best to speak with a tax professional or research your local tax laws involving the sale of gold and silver.

Keeping your gold and silver items safe during transport is important. It is best to use a discreet mail courier or registered mail. You can also transport your items yourself to where you want to sell them. However, you take the risk of losing it or theft when you transport it on your own. We highly recommend the United States Postal Service’s Registered Mail for transporting your items.

To determine if your coins are rare and valuable, you should get them evaluated by a reputable numismatist or coin dealer. They will evaluate several factors such as the coin’s condition, age, mint mark, rarity, and historical significance. It is best to get the opinions of several coin dealers and numismatists to ensure you are getting a fair value.

If you have rare coins that you wish to sell, you have several options. You can sell your coins through an auction house, to a coin dealer, or a numismatist. Additionally, there are specialized online platforms to sell rare coins.

The best way to ensure you are receiving a fair price is to get multiple offers from reputable coin dealers, numismatists, and/or auction houses. You should also educate yourself about the rarity of your coins and current market prices so you can make an informed decision.