What Expectations Should I Have When Selling My Bullion?

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Author	Replies: 6 / Views: 1,518
howell1018 Pillar of the Community United States 718 Posts	Posted 10/18/2021 7:11 pm 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. Report this Post to the Staff

silverwolf Pillar of the Community Canada 3733 Posts	Posted 10/18/2021 7:21 pm 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. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/18/2021 7:30 pm Sounds about the same as down here. Report this Post to the Staff
howell1018 Pillar of the Community United States 718 Posts	Posted 10/18/2021 8:13 pm 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. Report this Post to the Staff
macmercury Pillar of the Community United States 5825 Posts	Posted 10/18/2021 8:41 pm Get a quote from APMEX, see if its comparable. But got to figure shipping and insurance cost. Report this Post to the Staff
NumisEd Pillar of the Community United States 5177 Posts	Posted 10/18/2021 11:03 pm You need to shop around for the best offers. Compare local as well as online. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 10/19/2021 05:30 am What NumisEd said When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
	Replies: 6 / Views: 1,518

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