Showing posts with label Sell Gold Bars. Show all posts
Showing posts with label Sell Gold Bars. Show all posts

Monday 8 July 2019

Ways to Sell Silver and Gold


Where and how to sell your silver and gold?


Anybody who plans to sell silver or gold bullion definitely likes to get the best available price. Perhaps you might have been investing in precious metals for several years and now you think it’s time unload some of your valuable collection. Here’s a guide to help you make your transaction as smooth as possible.

Whenever you think is the right times to sell your gold or silver consider these three primary factors – convenience, price & safety. Let’s take a look at the few topics while considering how these factors will come into existence.

• What will be the fair price for your metals?


Here are some of the factors that help you identify how much you could possibly receive when you sell your gold or silver.

1. Type Of Bullion You Are Selling


Some precious metals holds great demand more value in the market. Aspects like whether it is gold or silver, a bar or a coin, a private or government mint product and the condition of the item, all play a great role in its resale value. 


2. Selling Silver & Gold Coins


Coins, whether gold or silver usually hold their value well through resale as sovereign (government) coins are recognised universally as legal tender, they can be resold without delay. Given this high liquidity, coins generally have a higher resale value than rounds. 


3. Selling gold and silver bars


You can count on high resale value when you sell silver bars or gold bars, especially if you have kept them in the professional vault storage. Bullion bars have the strongest resale value if they are manufactured by the reputable refineries and mints. As these bars are marked typically with a seal of mint of origin and sometimes include a serial number for easy certification and identification.


4. Selling Gold/Silver Jewellery


Unlike bars and coins your gold and silver jewellery doesn’t usually get the good resale value. This is because most of the jewellery items include an alloy in addition to the other decorative pieces. It’s value is more subjective since it is not pure silver or gold.

Where to sell your gold and silver?


Once you decide to sell some of your gold or silver stock, you must find out a right place to get the best price. Here are the two common sale locations:

• Local Pawn Shop


Pawn shops usually offer lowest return on investment and you typically do not have any room for negotiation and you’ll receive almost far below then a reputable dealer would offer. If you choose to sell gold bars, coins or silver bars, coins, knowing how to sell in a pawn shop will get you the best price. Make sure you compare the buyback prices of other dealers as well as take a note of the current spot price of gold and silver beforehand.

• Online


Selling your precious metals online can prove to be more effective as online dealers offer better prices than local pawn shops. Hence we recommend you to sell gold bars to fetch better return on your investment.