Sell Gold

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Sell your gold?  Let’s consider the facts…

Your gold investment should be for the long term, but in some circumstances, you may need to or want to sell your precious metal.  Some reasons may include:

• Hardship

• Unexpected extra expenses

• Investment choice (sell at a profit).

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Selling your gold back to the place you originally purchased is a great place to start.  They will gladly purchase back from you when you are ready to sell.  This is your first go-to place.  A local Broker/Dealer will save you shipping costs, and will most likely pay you immediately.

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If you do not have a local gold dealer, here are simple steps to sell your bullion:

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1. Contact a Broker/Dealer by telephone or website.  When you visit their website, find the “Click Here to Sell to Us” link, and follow the instructions.  Or call by telephone and a representative will quote you the current buy-back price.  If you wish to sell gold, the Broker/Dealer will lock your sell price over the phone and send you a Purchase Order.

With larger sales greater than $50,000, they will lock the spot market bid price when the metal has been shipped and you call to provide the shipment tracking number.  But, in this event, the Broker/Dealer should still confirm over the phone the premium or discount to the spot market price they will pay.

• All rounds and bars must be clearly marked with weight and purity

• Bars must carry a manufacturer’s name and/or insignia

• Metals should be of uniform variety, in good, clean condition, and have a familiar, marketable design

• Pre-1965 Dimes, Quarters & Half Dollars (Junk Silver) should be identifiable as having been minted prior to 1965.

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2. Ship the metal insured for the full value.  The Broker/Dealer will provide shipping instructions when you call.

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3. Once the Broker/Dealer receives your package, they inspect and send your payment immediately.

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How to Ship your precious metals.

You will need:

1. A cardboard box that is large enough to fit the products and extra packing material

2. The precious metals that you are selling

3. Strong packing tape

4. Your P.O. paperwork

5. Packing material like packing paper or bubble wrap.

Ensure that all tubes are stuffed with either paper or cotton balls to avoid rattling.  Tape ALL tubes shut with tape to avoid them breaking open during transit and being damaged.  Wrap heavier objects (like 100-ounce bars) in bubble wrap for additional protection.

Give precious metals like gold, platinum, and palladium extra care by wrapping them in extra bubble wrap. (Note: coins that are 24 karats like the Canadian Maple Leaf are much softer and scratch very easily.  They need to be treated with extra care to avoid being damaged.)

Do a last check to ensure that all seams are taped, there is no rattle inside the box, all empty spaces inside the box are filled with packing material and that all products listed on your P.O. have been enclosed in the shipment.

Add your label and ship.  Track your package with the tracking number to ensure its delivery.

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