Buying Gold And Silver Online
Buying Gold and Silver online has its pros and cons as well. As we covered above, there is a bit of research you have to do on each company to make sure you didnt accidentally stumble onto a scam website. Besides that, there is much more variety to choose from than a pawnshop or LCS and you can easily tab through prices and find the best prices, for whatever it is your looking at, in live time.Most online bullion retailers dont have an inventory and pool their inventory together. This is because a shoebox of Gold could easily be a million dollars in inventory. The price fluctuation between retailers usually boils down to marketing and business overhead as well as efficiency and company optimization. The legitimate bullion retailers arent ripping you off, they are just adjusting their prices to keep their business running. The biggest misconception in the Precious Metals investment industry is that the retailers all drive Ferraris to work. When in fact, selling retail bullion to investors is the least profitable venture you could ever get into as the margins are extremely small.
How Much Are You Selling
Dealers may offer a higher buyback premium if you have a large lot to sell. Or if the dealer is in short supply of a specific product at the time. Always inquire .
Generally speaking, most bullion dealers will offer about 95 percent of the spot price, though this will vary depending on market conditions. If supply is tight and demand is high, you could fetch more, and if supply is ample and demand is low you could get less. There are also circumstances where you could be offered spot or even above.
Buyback prices are less for a piece of bullion jewelry, since more advanced design and fabrication went into it. For costume jewelry, keep in mind the actual precious metal content may be low, and buyback would thus only be based on how much gold it actually contains.
Local Coin Shops And Pawnshops
LCS and Pawnshops have a huge varying degree of trustworthiness and fairness in terms of what products they sell and what type of premium they charge. This would take some scouting, learning, and talking to folks and getting an estimate of what they are charging. In my personal experience with local places in my area, these businesses are largely overpriced. Though, there is a difference between being overpriced and nefariously price-gouging customers.Keep in mind that owning an inventory of Precious Metals as a small business is extremely costly, subject to market loss, needs to be insured, has extremely small margins to work with, on top of security and building leases. So again, there is a difference between fair pricing and nefarious pricing but dont forget to consider these things before you give them a 1-star review online! Some folks enjoy the experience of going in, browsing, picking out what they want, and supporting small business and if that comes with 50 cents or a dollar premium over spot, that is OK!
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Best For Gold Coins: Bgasc
BGASC
As its name implies, BGASC is one of the best sources for gold bullion coins sold at reasonable prices, making it our choice for the best online gold dealer for coins.
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Best selection of gold coins
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Competitive pricing on gold coins
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Excellent customer support
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No live chat
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Three-day return policy
Although BGASC offers a complete lineup of gold products, its primary focus is on selling gold bullion coins. Their selection of coins is vast, prices are highly competitive, and customer service is excellent, which is why BGASC is our choice for the best online gold dealer for coins.
BGASC is the newest company in this roundup, but they’ve managed to build a solid reputation as a major player, especially as a gold coin dealer. In addition to a great selection of all the essential standbyssuch as American Eagles, Canadian Gold Maples, South African Krugerrands, Pre-1933 U.S. Gold, and Australian Gold Kangaroosthey maintain an extensive inventory of premium and rare numismatics. It also offers silver, platinum, and palladium products. They do offer gold bars in all the standard sizes, yet they tend to focus on one brandPAMP Suisse Fortuna Gold Bars.
The gold bars they do sell are priced competitivelytheir 1 oz. Gold Eagle coin is offered at $1,963.67, one of the lowest in this roundup.
One of the downsides of BGASC is its limited payment options. Currently, they only allow payments with paper checks , PayPal , credit and debit cards , and bank wire transfers .
Buying Silver Bullion Products With Apmex
Silver bullion is a popular Precious Metal to consider purchasing based on its affordability. Silver is more accessible for a wider range of buyers, not only in price but in the numerous options on the market today. Silver products come in coins, bars and rounds for sale all available in APMEXs wide selection of products to fit any collection or portfolio.
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The Best Ways To Sell Silver And Gold
Jeff Clark, Senior Analyst, GoldSilver
If youre selling gold or silver bullion, you obviously want the best price you can get. Perhaps youre sitting on a big gain and want to capitalize on it or maybe you need some cash for a big life event or inherited some gold or silver from a family member or are cleaning out your jewelry drawer.
Whatever your case may be, this how-to guide is designed to help make the selling process is as smooth, and profitable as possible.
We look at the most important topics to consider before you sell your precious metals, including:
- Getting a fair price
- Selling different forms of bullion
- Where to sell your precious metalsand where NOT to sell!
- The easiest and safest solution
When you decide to sell some or all of your holdings, the three primary factors to consider are price, convenience, and safety.
Lets look at how all these factors come into play, beginning with the biggest question of all:
Where Is The Best Place To Buy Gold And Silver Online
Gold has always been a popular option for storing wealth. Because of its perpetual shelf life and limited, predictable supply , gold maintains its purchasing power over the long-term.
Due to these factors, investors typically see gold as a safe haven in times of economic crisis. Just look at 2021, when the price of gold skyrocketed as high as 40% in the six months after the Federal Reserve made emergency rate cuts in an attempt to contain the economic fallout from the coronavirus.
Silver is also seen as a safe haven, although perhaps not as safe as gold. Unlike gold, silver is used in a lot of industrial applicationssuch as semiconductors, solar panels, and medical devices, which severely limits the supply of silver available for investment. As a result, the silver price is subject to more extreme fluctuations than gold. In other words, silver has a higher risk/reward ratio.
If youre thinking about investing in gold or silver, there are a few different ways you can go about it. You can purchase shares of mining companies that produce gold and/or silver purchase shares of an exchange-traded fund that tracks the price of gold or silver or actually buy physical gold or silver bars or coins . The purpose of this article is to help you find the best place to buy gold and silver online.
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Know The Type Of Gold Or Silver To Sell
Once youve decided to sell some of your gold or silver collection, the next question to consider is which type of gold is accepted on the market.
Generally, the buyer will need to know the type of gold or silver you hold, and theyll most likely ask whether your product is:
- Sovereign or private mint
- Bar or coin
- Jewelry
When thinking of how to sell gold and silver tax-free, these questions are paramount. The answers to these questions determine the overall price youll get, the price per ounce, and if you originally bought the gold or silver from a dealer, whether they can repurchase it from you.
Here are some of the most popular gold and silver bullions dealers will readily buy.
We Pay Top Dollar For Gold Silver Coins Jewelry And More
We realize every customer has a unique reason to sell whether they need the money, want to clean out their drawers and closets, have an unexpected expense, or just want extra spending money for a vacation. Whatever the reason, at The Gold Depot we strive to make you feel comfortable and always offer fair prices on your items.
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How To Choose A Reputable Gold Dealer
Unquestionably, a company’s reputation is the number one criteria to evaluate and compare gold dealers. The single best measure of a company’s reputation is its transaction history, which can be assessed by customer reviews. Companies with a large number of reviews are typically more established or have built up their trust and reputation through a greater number of transactions.
Additionally, you should look for the following when evaluating a dealer’s reputation:
Gold British Lunar Series
The Gold British Lunar Series is struck by the Royal Mint from 1/4 oz. of .9999 pure gold. Since 2014 the UKs Royal Mint has produced a series of gold coins known as the Shengxiao Collection, or Lunar Series. These stunning coins feature designs based on the Chinese zodiac, with each year highlighting one of the 12 animals that make up the Chinese zodiac.
- Producer: Royal Mint
Gold bars offer investors another alternative to invest in gold, and come in various sizes.
- Producer: Various
Silver bars offer investors another alternative to investing in silver.
- Producer: Various
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Silver World War Ii Victory
The 2020 Silver World War II Victory coin is struck by the Perth Mint from 2 oz. of .9999 pure silver and commemorates the 75th anniversary of the victory of the allied forces in World War II. Symbolizing unity and strength, the coin’s reverse portrays an American and Australian soldier marching in unison against a backdrop of allied aircraft. The design is surrounded by an olive branch symbolic of peace and incorporates the inscription “WWII VICTORY 1945”.
- Producer: Perth Mint
- IRA Eligible: Yes
Things To Consider Before Selling:
Trustworthiness It goes without saying that you need to find a reputable and trustworthy dealer to sell your precious metals to, especially if you are mailing them in. We immediately provide you with an emailed price quote reflecting the estimated price based on the verbal description you provide of your items. When we receive your shipped items, they are opened under video surveillance and the entire contents are documented on video. If your price quote needs to be updated to reflect the condition of the coins or bars we provide you with an updated price quote immediately and will phone you to discuss the pricing. Your payment will be sent within 24 hours of receipt of your precious metals, based on the method of payment you have chosen.
Speed No one wants to wait unnecessarily for their payment for their precious metals. We have heard horror stories of clients that mailed in precious metals and had to wait up to a month for payment. That meant the dealer they sold to had capital liquidity problems. You will never face that issue with Fisher Precious Metals. Your payment will be sent within 24 hours of receiving your precious metals, in whatever form you choose.
Pawn Shops Please do NOT sell your gold and silver to a pawn shop/dealer. You will receive upwards of 30 50% less than an ethical gold/silver dealer such as ourselves will pay for your coins and bars.
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Sell Your Gold And Silver For The Best Prices In The Marketplace
We can assure you that with Fisher Precious Metals you can sell your Gold and Silver for the best prices in the marketplace. Most importantly, Fisher Precious Metals will always buy back ANY item we have sold you at fair market value. We buy all forms of authentic gold, silver, platinum or palladium, whether they were purchased from us or not. This includes your broken jewelry, sterling flatware, watches, diamonds and even industrial metals such as platinum and gold tubing.
Note: We also offer a trade service in which you can trade your unwanted jewelry and sterling silver for precious metals coins and bars. Call our team at 390-8576 for more information.
A True Gold And Silver Exchange
Buying and Selling Gold & Silver
California Gold & Silver Exchange is the one stop place to sell. We are a family owned & operated business with our roots in Southern Californias Gold & Silver Industry. The owners of CGSE have grown up in the gold & silver business. Our father owned a gold business in Southern California for over 40 years. We are familiar with gold jewelry, sterling & diamonds, as well as, have knowledge of gold & silver bullion and coins.
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Buying & Selling Silver And Gold In New Orleans
Buying and selling silver and gold has become one of the most lucrative activities for people in New Orleans. We specialize in providing our clients with honest and accurate estimates on their gold and silver jewelry, coins, and tableware. The value of gold and silver jewelry, coins and flatware varies based on the international gold and silver spot price. Our precious metal experts use live spot pricing to determine the current and exact value of your precious metals. We service clients in New Orleans, New Orleans East, New Orleans Uptown, New Orleans Mid-City, New Orleans Lakeview, Covington, Metairie, Slidell, Hammond, Marrero, Harvey, Gretna, Laplace, Westwood, Bella Chase, Houma, Thibodaux, Gonzales, Baton Rouge, Bogalusa, Lafayette, Jefferson Parish, St. Tammany Parish, Tangipahoa Parish, St. Charles Parish, St. Bernard Parish, and Plaquemines Parish. We also service clients in areas of Mississippi including Pearl River, Biloxi, Bay St. Louis, Pass Christian, Waveland, McComb, Jackson Pascagoula Hattiesburg, and Picayune. We also service clients in Mobile, Alabama and Pensacola Florida. You can visit our location at 935 Gravier Street in New Orleans or set up an appointment to have one of our silver and gold specialists come to you we take pride in being Louisianas best mobile silver and gold buyer.
Why Buy Precious Metals From Apmex
APMEX, the leading Precious Metals dealer in the United States, understands the needs of Gold and Silver investors. Now surpassing 20 years in business, APMEX distinguishes itself through exceptional customer service, unmatched product quality and options, and a brain trust of resources to help investors develop their ideal investment portfolio.
Although Precious Metals can be part of a balanced portfolio, APMEX understands this investment isnt for everyone. It may not suit those who prefer to see their wealth confined purely to numbers on a page. Thrill-seekers may be disappointed to find that Gold prices and Silver prices dont fluctuate wildly at the whim of global stock markets, as many factors are involved in Precious Metals pricing. Unlike traders of buy-today-sell-tomorrow commodities, investors in Gold and Silver have been known to pass down their collections to future generations. They understand the unique value of an investment they can hold.
APMEX provides highly trained representatives to help you buy Precious Metals online. Whether educational purposes or simply for assistance navigating the website, click here and be one step closer to diversifying your Precious Metals portfolio.
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European And World Coins
Historically, European gold and silver coins were in circulation from around 1880 until 1930.
Gold coins like the British Gold sovereign and others from France, Austria, Italy, and Switzerland are still traded today. Likewise, historical silver coins like the Netherlands Silver 1 Gulden and Denmarks Silver 10 Kroner are still valuable.
Popular modern European and World gold and silver coins that are readily accepted by dealers in the U.S. include:
- Australian Gold Kangaroo
- Austrian Silver Philharmonic respectively
Best Place To Buy Gold
Buying gold online is a good idea if you do not have time to go from store to store looking for what you want. It also gives you the chance to look at several dealers and their products so that you can get the best price possible. Like we mentioned above, Kitco, Monex, and JM Bullion are all great online dealers to check out.
When you are ready to buy gold, it is important to remember a few things. First, always make sure you are buying from a reputable dealer. Second, be sure to understand the product that you are buying. Gold can come in many different forms, so make sure you know what you are getting before you purchase. Finally, don’t buy more gold than you can afford. Gold is a valuable commodity and should be treated as such.
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Kitco Makes It Easy To Buy And Sell Gold Coins Silver Bars And Other Precious Metals
Kitco is world renowned and trusted since 1977, as a source of gold news, gold prices, and expert commentary on the gold market, as well as a secure source to buy gold bars, buy silver coins, and other precious metals in several formats… Learn More!
Gold and silver investors know the value of Kitco’s live charts for gold prices, silver prices and other precious metals and commodities prices, both current and historic. Want to know the price of gold per oz yesterday or last week? Kitco is the most reputable source for the price of gold today, as well as precious metals prices over time. Investors may not know that Kitco also offers you the flexibility to find gold coins for sale online, as well as silver barsfor sale and other precious metals for sale through our convenient and secure website. Kitco will also buy gold and buy silver from our customers, offering competitive gold prices and silver prices. If you sell gold coins, sell silver bars or sell other precious metals to Kitco, you’ll have peace of mind, as we help you ship your goods in complete security. We even offer courier pickup in many areas of Canada and the USA.
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