Friday, April 26, 2024

Where To Sell Gold Bars

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Sell Gold In Melbourne Cbd


If you are in Melbourne and looking to receive the highest amount of cash for gold and silver items, visit us at the Melbourne Gold Company. We guarantee you will receive the highest cash payments at leading market rates when you sell gold jewellery, gold coins, gold bullion or any other gold and silver items direct with us.

Our Gold Buyers Melbourne CBD office suite is private and secure, our trained staff offer fast testing and evaluation of your gold items. We also ensure your payment will be the highest and most competitive available in Melbourne.

Our automated pricing system is linked live with the world gold trading price , ensuring you receive the correct to the minute payment value for all your gold and silver, with no hidden fees or charges.

Selling Your Gold Bullion

For Gold Investments to be able to help you sell your gold bullion as easily and securely as possible, it is essential that we receive the gold within 3 working days from when the price is quoted, as the price offered is dependent on the gold spot price. Not doing so will void the price and a new price will need to be issued for the day the gold was recieved. Royal Mail will only allow you to insure packages for up to £2,500, so the approximate value of gold being sent should not exceed this value in any one package.

Etfs That Own Mining Stocks

Dont want to dig much into individual gold companies? Then buying an ETF could make a lot of sense. Gold miner ETFs will give you exposure to the biggest gold miners in the market. Since these funds are diversified across the sector, you wont be hurt much from the underperformance of any single miner.

The larger funds in this sector include VanEck Vectors Gold Miners ETF , VanEck Vectors Junior Gold Miners ETF and iShares MSCI Global Gold Miners ETF . The expense ratios on those funds are 0.51 percent, 0.52 percent and 0.39 percent, respectively, as of July 2021. These funds offer the advantages of owning individual miners with the safety of diversification.

Risks: While the diversified ETF protects you against any one company doing poorly, it wont protect you against something that affects the whole industry, such as sustained low gold prices. And be careful when youre selecting your fund: not all funds are created equal. Some funds have established miners, while others have junior miners, which are more risky.

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Royal Canadian Mint Gold Bars

Gold bars minted by the RCM will have higher premiums than our assorted gold bars, many produced by private refineries. But the extra cost also comes with extra security. The Royal Canadian Mint has some of the most advanced anti-counterfeiting technology in the world and one of the most rigorous assay laboratories in the industry. Their advanced sampling and analyzing methodologies is behind the 9999 purity of their gold bars.

Estimate Your Golds Value

Sell Gold Bars &  Bullion

Before doing anything else, take the time to estimate the value of your gold. However, this can be a bit of a complicated process because you have to account for the purity of your gold and golds changing value.

To start, sort your gold by purity, grouping each karat level. Once youve organized everything, weigh each group on its own, then multiply the weight you get by the purity of gold it contains.

You can put together a table like this to help with the process:

  • 24 karat 99.9% pure
TOTAL: 13.913

Ounce you know how much pure gold you have, you can multiply the weight by the current value of gold.

While youll have trouble getting the full value of your gold from most buyers, this will give you a ballpark measure of the price that you should get.

For example, if you have 14 ounces of gold and gold is selling for $1,300 per ounce, youll know that your metal is worth $18,200.

If you get an offer for $4,000, youll know its a bad deal. If the offer is for $16,000, its much more reasonable.

If Selling Gold to Be Melted Down, Make Sure It Is Not Worth More As-Is

If you plan to sell gold to a gold dealer that is primarily interested in its value as a precious metal, make sure that any jewelry or other gold items youre selling arent worth more than the gold they contain.

Antique jewelry can be worth far more than the gold it contains due to its historical or artistic value, and you might get a better deal from a specialized buyer of antique goods.

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Calculating The Value Of Gold Bar When Selling

To calculate the price of the gold bar, you must multiply the weight of the gold bar in grams by the price of 24kt gold per gram. Most companies will have a gold price calculator, which you can use to estimate the value when selling gold. These prices reflect the gold market price of that day. The 24kt gold price may vary for different companies. It is the sellers responsibility to research and find the company that pays the best price that meets their expectation.

Vending Gold to the Indigenous Shop

You can always use you, local pawnbrokers, to release some of the equity from you gold bar for short term use but it still vital to note the interest rates payable and make sure you dont lose too much value.

London Gold Centre

If you reside in London or some nearby city, then it is an excellent option for you to sell gold bars is London Gold Centre, they pay the highest amount based on the gold market price of the day. They are safe and secure and been in the gold industry for over 20 years

What Is The Minimum Price You Should Get For Your Gold

At a bare minimum, you should receive a high percentage of the melt price for any gold coins you are selling. In many cases, you should receive a lot more than the intrinsic value for rare coins.

Be sure to visit multiple dealers to confirm the value of your gold, especially if it is in a form that collectors will prize.

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Where To Sell Gold Bars

There are a total of four fences that will purchase gold bars in-game. The first is the Emerald Ranch wagon fence namedSeamus. Arthur will interact with Seamus in the main storyline. Seamus will ask him to steal a stagecoach to prove they are worthy business partners. After the quest, Seamus will be available as a fence for wagons and other ordinary items.

The second fence gamers can access is the Saint Denis Pawn Shop. Once the “Eastward Bound” quest is complete, the pawn shop will accept gold bars.

At the Van Horn Trading Post, there is a third fence that players can sell their bars to. The NPC is named Silas, and he has a shop called Silas Crawford Wholesale & Retail in the middle of town.

The final fence is located to the northeast of Rhodes. People can find him by taking the road that goes to the northeast from Rhodes to the Kamassa. The fence will be on the left side of the road halfway to the Kamassa River.

Whats The Value Of A Gold Bullion

Perth fake gold bars. Sell gold bars Boston

You also should know the worth of gold bullion before deciding if it is suitable for investment. As said before, purity is what matters when it comes to gold bullion. The higher the purity, the more the value bullion has. This also, in the end, makes its market price increase.

Theres no specific worth of gold bullion. Every bullion has its value, and purity is one factor that determines this. Before you decide to buy or sell gold bullion, you should check the purity level by testing it or having a professional help define its value and price.

The gold market has both genuine and fake dealers. Some sell fake gold or overprice it and take advantage of unsuspecting buyers. Thats one reason why you should scrutinize gold before buying it. As said, working with a professional can help if youre a novice.

Another alternative is to find a reputable and trustworthy dealer. This has to be someone with experience in the industry and a reputation to protect. That will ensure you buy real gold and at the correct prices. They first inspect the gold, decide its value then set a price for it.

Read Also: Why Are Gold Prices Going Down

Selling Gold Bars For Cash

In this fast-moving and a world full of luxuries. Almost everyone has got gold in different forms and shapes. People use gold as a wearable like in the way of jewellery and investment in the form of gold bars and gold coins. Gold bars are the best form of investing as they are easy to store and does not lose much value when selling compared to manufactured gold jewellery.

Gold bars come in different sizes and weights. It is the consumer choice of what weight of the gold bar he or she wants to buy. It can be of 0.50 grams, 1 ounce or even 1Kg gold bar. The gold bars prices at the time of buying and selling both are different as there will always be a small percentage of processing fee involved. There are many ways one can sell gold bars for cash some are as follows:

What Is The Gold Spot Price

The spot gold price is the price that gold will sell for today on the spot. This price changes daily and is the standard used by dealers to set their prices to buy from consumers.

It is expressed at the current price that one troy ounce of gold can be bought or sold based on an unfabricated form of gold. Unfabricated means the gold is in a raw form before it is struck as a coin or poured into a bar.

Many factors influence the spot price of gold. Market speculation, current events, supply and demand and other things will impact the rise and fall of spot gold prices. Keep in mind that gold is constantly being bought and sold around the world, not just in the United States.

This 24-hour a day action includes gold being sold on exchanges in New York, Sydney, London, Hong Kong, Tokyo and Zurich. As prices rise and fall in each of these markets, it impacts prices throughout the world.

If you are actively engaged in seeking to sell gold, or will be doing so over a period of time, youre smart to keep up with the spot price of gold to help you get the most money when you sell, and get the best price if you intend to buy.

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Buy Gold Bars For Less

Before you make a purchase, read about our payment methods for buying gold. You can pay less for gold any day of the year by paying with a wire transfer, Interac e-Transfer, Bill Payment, Cheque, or Money Order. You can even buy gold bars with Bitcoin and other alt-coins. Its simple to buy gold online and easy to save.

Set Your Spot Alert

What Is Gold Bullion

Sell Gold Bars &  Bullion

Many people today have an interest in investment gold. They lack enough information about it to be able to make informed investment decisions. Understanding the gold industry is key to ensuring that you get the desired returns on your investment.

For instance, being able to differentiate gold and gold bullion is crucial. It will help you know if you are about to put your money in the right place. Many people confuse gold and gold bullion and sometimes use them interchangeably, but they are different in reality.

Gold bullion is the main focus of this blog post. It will define what gold bullion means and help you differentiate it from other gold products like fine gold, numismatic coins, or gold jewelry. This will make it easier to know if gold bullion is worth investing in and whether it can bring the desired returns.

It will also look into how people use gold bullion across the globe and also look into the value of gold bullion coins and gold bullion bars. Youll be able to differentiate gold bullion from gold by the end of reading this blog post. Take your time to read to the end to ensure that you make the right investment decisions when entering the gold market.

Lets get started.

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Prices We Pay When You Sell Gold Jewellery

The Melbourne Gold Company are premium Melbourne gold dealers, we purchase all types of gold and silver you have to sell regardless of how little or how much you have.

No appointments are needed to visit our office, you can sell gold jewellery, sell gold coins, sell gold bullion or sell silver and platinum items anytime during our Melbourne gold buyers office hours.

Visit us in store to receive the highest possible payments when you sell gold, silver or platinum items and get paid in cash or fast bank transfer.

The rates we pay are displayed clearly on this page and show the price per gram when you sell gold jewellery or scrap gold items.

$2826 Each

How To Sell Gold

Youve got Gold to sell and questions on the best way to get started. How do you get the best price? What are the dangers to avoid and how can you make it a hassle-free process? APMEX provides resources to make this process a little easier.

We can help you identify some key points about how and when to sell your Gold, as well as what to look for in a trusted buyer. Youll also learn about some of the most common Gold products and how to calculate the price you can reasonably expect to get.

Also Check: How Much Is A Karat

How Much Can You Get For Selling Silver

Much like gold, silver is at or near all-time highs. Silver is also a highly sought-after commodity, both for investors and for practical uses in products like electronics , and in pharmaceuticals .

Silver prices also can fluctuate quite a bit based on market demands as both an industrial commodity and as an investment. Prices can change dramatically from day to day, or week to week as short-term demand rises or declines.

To determine the value of the silver you want to sell, youll need to determine the weight and the purity, just like selling gold.

Online silver buyers make it convenient to price out your silver jewelry, flatware, coins, bullion, and scrap silver.

If youre looking for a reputable place to sell silver, consider starting with Cash for Silver USA, the sister site of CashforGoldUSA. It pays within 24 hours after appraisal and guarantees the highest price or your item will be returned, free of charge. If you happen to have silver, gold and diamonds to sell, you can sell all of these on CashforGoldUSA.

Sell To A Trusted Gold Buyer

How to Make Money Buying and Selling Gold Bullion Coins

Finally, ensure you sell your gold bullion at the right place. Youre most likely to get the best prices selling online, as these merchants have lower overhead and can thus offer better prices.

You may also be able to find local bullion dealers in your area, in which case these dealers can also be a good option. Just be sure to thoroughly research the dealer beforehand, to ensure they are reliable and trustworthy. Its also a good idea to get a quote or approximation of your gold bullions value before you go in.

Whatever you do, try to stay away from local jewelers or pawn shops. While these stores can offer cash for gold fast, they wont give you good prices, particularly for investment gold such as gold bars and coins, which should be sold quite close to the market value.

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Is It Gold Scrap Or Something More

Before you sell your gold for a melt-down price, be sure its not worth more in its present form. In some cases, people will unknowingly take gold in to be sold, unaware that they may also be in possession of a valuable artifact or antique that could fetch a lot more elsewhere. When in doubt, have your gold pieces appraised and the provenance established

Why Is Gold So Valuable

It may seem strange that gold is so expensive. It looks nice, but why is there a broad agreement that gold should be costly?


One reason for golds high value is its history. Gold has been a common system of money throughout human history. Many currencies, including the US dollar, originally had their value tied to that value of gold.

At one point, you could even redeem your paper currency for gold with the government.

As paper currencies have experience inflation, deflation, and wild volatility, gold has retained its value.

While its price does change, many people see it as a stable asset and hedge against uncertainty. This perception and the fact that gold has been so popular for so long help give it value.


The law of supply and demand dictates that the price of scarce things be relatively high. Gold is a limited resource. Theres only so much of it, and its hard to find more.

The days of gold rushes and panning for gold are over, so most gold is extracted through expensive mining operations.

This limited supply and the difficulty of mining more gold makes gold valuable.

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How To Sell Gold Coins Gold Bullion And Gold Bars

You might be wondering if theres any difference between selling scrap gold, gold plated jewelry, or other forms of gold, as opposed to selling gold coins, bullion, or bars.

The short answer is no.

Buyers are more concerned with the qualities of the gold youre selling than what form youre selling. To them, it all comes down to melt weight and purity.

Of course, the exception here is if youre selling forms of gold that have numismatic value, such as rare coins, antique gold jewelry, and so forth.

But for the vast majority of gold, your best bet is to start with Cash for Gold USA.

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