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Selling your Gold and Silver
Selling your Gold and Silver?
Gold sales from retail customers to dealers is
booming.
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.
 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.
The Buying Sentiment
The
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 is 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.
Gold and the The Gold Standard
PLEASE SEEK
PROFESSIONAL ADVICE BEFORE YOU BUY OR SELL GOLD, SILVER & COINS.
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpoz_2.gif)
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