The Simple Process Of Selling Precious Metals To Monex
The Monex Companies have 50 years of experience in meeting the needs of their precious metals investors. These years of experience have consistently demonstrated the importance of having a reliable form of liquidation for precious metals investments. To enhance our service, we developed the Monex Buy Back Program. This amazing program provides everyday investors the ability to sell almost any of their gold, silver, platinum, or palladium coins and/or bars, regardless of whether they were purchased from Monex originally.
How To Sell Gold And Silver A 4 Step Guide
Wondering how to sell gold or silver should you need to liquidate your reserves in the future?
Perhaps youve recently received some gold from an inheritance and dont know what to do with it, or youre a precious metals investor looking to offload some of your collection.
Whatever the reason, youll want to consider several important factors to ensure you get a sizeable return on your investment. Undeniably, youll want to get the best price for your gold and ensure that you dont sell off too much of your collection at once, leaving you at a price disadvantage.
Whatever the reason for selling your precious metals, this guide will help you make sure your transaction is worth it and goes as smoothly as possible. It explores the most important factors to consider before selling your gold or silver, including:
- who to sell to
Are There Hidden Fees
We pride ourselves in being an honest business and we are transparent about our fees. You will be able to see a full tally of what we will pay for your items and any associated fees, prior to confirming your intent to sell. We take care of the costs of shipping and ensuring the metals as they are transferred to our facility.
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Why Do People Invest In Gold Or Silver
Precious metals, like gold, silver, and platinum, are liquid assets. In other words, its easy to sell them. This is particularly true for bullion, the purest form of metal.
In addition, theres a high degree of privacy with silver or gold investments. You dont need financial consultants to purchase or sell them.
Finally, precious metals tend to hold their value well during times of inflation.
Insider Tips For Selling Your Gold Coins Profitably
Your goal is to make profits from the coins you have purchased so after buying the coins, you have to continue to keep an eye on the value of the coins so that you can know when the values have risen, and then you can sell your coins for profit.
You can continue to keep an eye on the prices on the website of the US mint or check places like www.goldprice.org for the latest prices. It helps to wait a few years after purchasing the coins before selling them because by then the value would have risen considerably and you can earn a sizable profit from selling them.
Know the value of gold
In buying or selling, it is essential to keep track of golds prices. Several newspapers and websites give updated news on the prices of gold. It is advised that you keep up with those medium. Do not rush to sell your gold unless what you have is doing extremely well in the market. Sell your gold coins when the prices are most favourable or when you really need the income.
- A good site to keep watch of gold value is www.goldprice.org
- Sometimes it is best to wait for years before selling particular coins, no matter how well they are doing in the market.
Know the value of your countrys currency
Information on this can be gotten online and in newspapers too. Selling your gold coins when your countrys currency drops is advisable because gold and currency of a country tends to have an inverse relationship.
Sell your coins when the demand is high
Avoid selling to unsteady buyers
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How To Convert Gold Into Cash
The process is fairly simple, but to get the best price for your gold, you need to take some specific steps to protect your interests.
If youre a complete newbie to the process, you may want to visit the end of this article first. Weve put together a Glossary of Gold Terms that well be referring to throughout this article and you might find it helpful to know exactly what Im talking about if youre not sure.
First, you need to decide when you want to sell your gold. You may be financially strapped after a divorce, or the divorce itself may be forcing you to sell as part of the agreed-upon settlement.
You may also simply want to redistribute and allocate your investments, pay for college tuition, buy a car, or a house, or if the gold market appears to have topped out, perhaps youll shift your funds to trading in other types of metals.
If you can afford to wait so that you can find the right time, that may be your smartest move. Youll want to start following the spot price for gold which changes daily. Listen to gold market and futures experts on where gold is going to go and be prudent in your timing.
Next, youll need to find a trusted place to sell your gold. A local pawn shop or coin dealer will give you the opportunity to talk to someone in person and walk away with money in your hand that same day.
But some dealers, such as APMEX, offer a 1-day guarantee, meaning youll be paid within 24 hours from the time your products are validated .
Option : Visit A Coin Shop
If you need a quick sale, a local coin shop can be a good solution. Buyers there are experts and often offer fair prices.
On the other hand, there are also downsides. You likely wont get as much at a local coin shop as you would on the internet or at auction, because they know you probably wont comparison shop.
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How Much Is Rose Gold Worth
As with regular gold, how much your rose gold is worth will depend on its karat.
18k rose gold contains 75% gold. To determine how much your 18k rose gold is worth, just find its weight in grams and multiply that by 0.75. Then, multiply that number by the current spot price of gold.
14k rose gold contains 58.3% gold. To figure out how much your 14k rose gold is worth, find its weight in grams and multiply that weight by 0.583. Then multiply that number by the current spot price of gold.
What Kind Of Bullion Are You Selling
Some gold and silver products are more valuable or in greater demand at a given time. Factors like whether its gold or silver, a coin or bar, and a government or private mint product will all play into resale value.
Generally speaking, bullion that demanded a higher premium upfront will fetch higher prices upon resale, though it does depend on demand at the time. One way to assure that you have a strong resale ability is to buy the most popular products.
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Why Should I Trust The United States Gold Bureau
Since our founding in 2003, the United States Gold Bureau has been successfully buying and selling gold coins, silver bullion, precious metal bars and a variety of other pieces. Not only do we pride ourselves on maintaining a long-standing history and positive reputation within the market, we celebrate a growing roster of satisfied clients , many of whom return to work with us time and again.
The United States Gold Bureau is an active member in the Industry Council on Tangible Assets , and a registered official Precious Metals Dealer with the State of Texas, Department of Public Safety, Office of Consumer Credit Commissioner . We maintain the highest standards of professional and ethical conduct to ensure that our clients enjoy a pleasant, thorough and discreet experience.
How Do Gold Buyers Make Money
Gold buyers are often gold dealers who can make money in a couple of different ways. They can buy gold from consumers at a discounted price and then sell that gold to wholesalers and refiners in their supply chain.
Other gold buyers stock an inventory of gold that they have pre-purchased in bulk at a discount. They will sell individual and smaller amounts of gold to consumers, taking a mark-up in the process. Other dealers are brokers who are strictly middlemen who take orders from one entity and drop-ship orders from larger wholesalers.
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Where Are We Located
Looking for somewhere in your neighborhood to sell the valuables gold and silver? Buying & Selling Gold, Silver, Diamonds in Tampa Bay or in St.Pete and even the Tri-County Area of Pinellas, Hillsboughand Pasco County has truly never been easier. Our locations provide a professional atmosphere and is staffed with Certified G.I.A Graduate Gemologists. We are located at 1350 West Bay Drive, Largo, FL 33770. Phone number is: 727-585-4502. Fax # is: 727-586-0822. Store hours are 9-6pm EST Monday through Friday and Saturday from 9-5pm, closed on Sundays and on major holidays.
“Chris helped us, he is knowledgeable, friendly and very honest”Diane Chholm
Call to make an appointment! For any questions, call and speak to our knowledgeable staff or check out our valuable online resources. We would love to meet you and answer any questions you may have so you can make an informed decision.Relax with us at the desk while we sort through your pieces. They will never leave your sight. Visit us Today!
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WHY CHOOSE US
What Is The Difference Between Gold And Paper Gold
Gold prices are set by buying contracts for gold, and most of the time, these contracts are not backed by the physical metal. This paper gold is a promise to deliver gold or the equivalent in cash. For example, when you buy a gold Exchange Traded Fund, youre not actually buying gold, youre buying a proxy vehicle for gold.
At times, due to market conditions, real gold and paper gold can differ in their prices. Paper gold can influence the value of real gold quite a bit at times. When markets are out of whack, the values of the gold proxies they trade can shift dramatically with no justifiable or real linkage to gold demand or production.
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Investing In Precious Metals
Adding precious metals bullion and coins to an investment portfolio can provide diversification and can act as a hedge against inflation. We offer competitive pricing that is driven by market rates and quoted in Canadian or US dollars. In addition to owning physical precious metals, you can also buy precious metal certificates this allows you to own gold or silver without taking possession of physical bullion or coins.
Kitco’s Price Of Gold
Kitco is a leading gold and precious metals buyer and seller, as well as creator of precious metals commodities news. The Kitco Gold Index is a popular measure of real-time gold pricing today. Unlike the stock market, which is a dynamic marketplace, daily gold prices are set by independently owned markets. Kitco is one of these markets.
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How Much Is 14k White Gold Worth
14k white gold contains 58.3% gold. Because gold is a soft metal, and 14k gold has less gold in it, youll typically find that 14k white gold will be sturdier than 18k white gold.
To find out how much your 14k white gold is worth, you will need to:
- Look up the current spot price of gold.
- Weight your 14k white gold and multiply that number by 0.583 to determine how much pure gold is in the item.
- Multiply the number above with the current spot price of gold to determine how much it is worth.
Where Can I Sell My Sterling Silver Pandora Bracelet
Currently, Pandora does not have a buyback program. If you have an old silver Pandora bracelet or charms that you no longer want, you can sell them in the same ways that you might sell any other silver. Pawn shops, jewelry stores, and online silver buyers will all accept your Pandora items.
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How To Sell Gold Jewelry
This article was co-authored by Kennon Young and by wikiHow staff writer, Kira Jan. Kennon Young is a Gemological Institute of America Graduate Gemologist, an American Society of Appraisers Master Gemologist Appraiser, and a Jewelers of America Certified Bench Jeweler Technician. He received the highest credential in the jewelry appraisal industry, the ASA Master Gemologist Appraiser, in 2016.There are 14 references cited in this article, which can be found at the bottom of the page.wikiHow marks an article as reader-approved once it receives enough positive feedback. This article received 15 testimonials and 100% of readers who voted found it helpful, earning it our reader-approved status. This article has been viewed 292,170 times.
How can you sell your gold jewelry without getting ripped off? The world of buying and selling gold can seem intimidating, but well teach you how to sell your jewelry in a smart, savvy way. Well go over the pros and cons of selling to jewelry stores, pawnshops, professional gold buyers, and online services. Then, well let you in on how much much money you can expect to get from selling your gold jewelry and how to get the highest possible price.
How Much Does Silver Sell For What Is The Melt Value Of Silver
As with platinum and other precious metals, the price of silver can fluctuate widely. This is due to the fact that silver has two primary uses: As both a store of value and as an industrial commodity. While silver often trades in line with gold, silver melt value can be sensitive to industrial demand, rising during times of economic prosperity and falling when consumer demand falls.
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Check The Markings On Your Silver To Understand Its Quality
Before selling your silver to anyone, though, its important that you understand the current going price for the metal so that you will not be ripped off. Typically, youll never get the exact spot price , but you can shop around to find the buyer who is willing to give you as much as possible for your metal.
Learn more about silver markings. Note that silver buyers typically only buy 925 sterling silver, not plated silver items. More on this below.
Best Place To Sell Gold And Gold Jewelry: Cashforgoldusacom
CashforGoldUSA is the best place to sell your gold it’s a legitimate, reputable online gold buyer for selling gold jewelry that is also one of the oldest in the business.
- Pay within 24 hours
- A+ Better Business Bureau rating.
- 100% free door-to-door free, trackable FedEx or USPS shipping,
- Free Jewelers Mutual insurance up to $100,000 on each shipment
- CashforGoldUSA’s facility insured up to $100,000 by Lloyds of London
- Guaranteed highest price for your gold, coins and diamonds
- Paid out more than $156 million to sellers since being founded in 2005
- Fox Business News investigation found they pay 3X competitors:
CashforGoldUSA also pays a 10% bonus above estimated resale value for items shipped within 7 days.
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Can I Sell Gold Jewelry
Yes, its possible to sell gold jewelry. If you do choose to sell gold jewelry, youll need to decide whether youre trying to sell it as jewelry or as gold, as this will impact your options when looking for a buyer.
If you want to sell your jewelry as jewelry, youll want to look to jewelers, pawn shops, or a way to sell to other consumers, such as through eBay or Craigslist.
If the jewelry is old, you might also have luck selling it to a person or shop that focuses on antique goods.
Selling jewelry as jewelry is usually best if it has some historical or artistic value. A plain gold necklace will be worth less than a well-preserved, hundred-year-old necklace that contains the same quantity of gold because the old necklace has historical significance.
If you want to sell your jewelry for the value of the gold it consists of, youll want to focus on selling to gold dealers or other companies that specialize in dealing with precious metals.
With these buyers, the value of your jewelry will be tied to the amount of gold it contains. Jewelry with higher purity gold will be worth more by weight than jewelry with lower purity gold.
What Factors Can Make The Spot Price To Go Up Or Down
Many factors influence the habits of buyers and sellers of precious metals. Silvers price tends to be more influenced by industrial demand, due to the many applications for which it is used . Gold has some industrial uses, but is overwhelmingly purchased for investment . The catalysts that have the greatest impact on spot prices are:
Why Do People Say the Price of Gold Is Manipulated?
The short answer: because it is. A short answer, however, may not be a simple answer, and thats the case here. Many, many words have been written about manipulation of the gold price. There is far too much available material to hit more than just a few of the high points.
The short answer is correct because ALL markets are manipulated, according to the most basic definition: trading with the intent of influencing a price and succeeding. Such an effort may be illegal, as with the LIBOR rate-fixing scandal. Or it may be legal, such as George Soross attack on the British pound that made him a fortune. Or it may fall into the gray area in between, such as when short sellers stage a coordinated attack on a companys stock price.
These big banks are in business to make money, period. It is to their advantage to push prices around to ensure that they make a profit. Because of their size, and the size of their contracts, they have a huge impact on the supply/demand equation, where the buyer of 10 coins from his or her local dealer has none.
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