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How to Sell Gold

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How to Sell your Gold?

Selling your Gold
This is relatively easy at most times. The best options are through a bullion dealer or; if you prefer, at auction such as on ebay.

 

Be careful when you sell Gold Coins

The tripling of the gold price since 2004 has predictably led to something of a stampede for metal buying among private investors. So it is quite easy to sell coins in 2010; however, buying sentiment for gold and silver can change.

 
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Selling Gold Coins in auctions
Auctions are a very good method of selling gold coins. However, do not expect to get more than the true value of gold (i.e. the ‘spot’ gold price). You might get an extra 25 per cent even for the plainest coins if you are lucky; but you should not expect this.

 

Chasing after ‘rare’ Gold Coins

Rarer coins are sometimes bid up to an even higher premium, but not always. Before you sell gold and silver coins take proper advice as to their value.


Check out: Today's Gold & Silver Prices

The Buying Sentiment
Australia Sovereign 2009The historic price of gold and silver coins should always be considered before you sell. Ask yourself: are prices moving higher or lower? Sentiment can be everything when you are selling. Take proper advice to ensure you correctly time your sells of gold and silver coins.

What was the Price of Gold today?

 

Historic Gold Prices

 

Be cautious of getting a low valuation

If someone offers to buy your gold an silver, always check to see his offer is close to the spot price. However, remember that the dealer will need to make something on his purchase from you. This can be anything from 5% to 100%. This will depend upon the gold or silver piece you are selling, and upon how he plans to trade it once you have sold it to him. Nonetheless, if the offer is too low, walk away; unless you are desperate to sell.

How to Invest in Gold in 2010

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How to Invest in Silver in 2010

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Today's Gold & Silver Prices

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Buy Gold on Ebay

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Buy Silver on Ebay

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Selling on Ebay

When you come to sell your gold and silver coins on ebay, always do a lot of research about the best ways of selling on ebay. The auction method will usually attract the most attention, and generate the most interest.

 

The Golden Rules of Selling

Always be scrupulously honest, fair and accurate in your description and in the information you provide.

Always be realistic about the price you might achieve.

 


 

 

 

 

 

 

PLEASE SEEK PROFESSIONAL ADVICE BEFORE YOU BUY OR SELL GOLD, SILVER & COINS.

 

 

 

 

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This web site provides information and opinions, but not advice. Please do not buy or invest without proper professional advice.


Last modified: 05/06/10