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What Expectations Should I Have When Selling My Bullion?

 
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Author Previous TopicReplies: 6 / Views: 329Next Topic  
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United States
417 Posts
 Posted 10/18/2021  7:11 pm Show Profile   Bookmark this topic Add howell1018 to your friends list Get a Link to this Message
I have a fair amount of bullion (to my way of thinking anyway). I've only ever sold any once. It was 40+ years ago and it was 6 Kruggerands for which I received spot price at a coin store near me. Seems that the price over spot when you buy has increased the last few years. I have gold and silver. If I go to a local coin shop to sell my one ounce silver eagles should I expect to receive spot plus a premium, or just spot price? I also own one ounce gold American Eagles and Mexican 50 peso gold coins (1.2 ounces) same question there. Most of these coins were purchased from APMEX, from whom I've always had good dealings. Would I likely get the best price selling back from them, or is everyone going to look at my coins and say, "that's an ounce, gold is $X per ounce today and that's what I can offer. I have a few semi-numismatic gold coins (i.e. MS64 Liberty gold and St. Gauden's) is that going to yield any sort of premium to me upon sale? I still have a few miles left on the odometer and don't anticipate cashing out in the near future.
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Canada
3616 Posts
 Posted 10/18/2021  7:21 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
my dealer buys gold at spot regardless of the brand..
they are buying silver 1 ouncers, at spot+ 50 cents,
and recognized silver bars a spot + 1.50

i am in Canada but should be close.
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United States
62926 Posts
 Posted 10/18/2021  7:30 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Sounds about the same as down here.
Valued Member
United States
417 Posts
 Posted 10/18/2021  8:13 pm  Show Profile   Bookmark this reply Add howell1018 to your friends list Get a Link to this Reply
So an Englehard 10 oz bar would yield you more than 10 U.S. silver eagles? I would think the Eagles would get you more.
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United States
4912 Posts
 Posted 10/18/2021  8:41 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Get a quote from APMEX, see if its comparable.
But got to figure shipping and insurance cost.

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United States
1728 Posts
 Posted 10/18/2021  11:03 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
You need to shop around for the best offers. Compare local as well as online.
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 Posted 10/19/2021  05:30 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
What NumisEd said
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
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