Help Selling Gold Bullion Coins

The ad above me Blanchardonline.com. Call them and is pretty simple, they even deal with classic coin for trade.

Good call in getting gold bullions when it was at the lowest price.

I actually deal in bullion on a daily basis and people ask this question all the time. You pretty much have 3 choices, each has its pros and cons.

1. Sell to a shop. Coin shops or pawn shops will buy your coins all day long. But as bherring1964 mentioned you will get a percentage under spot for their service (5%-10%). Pro- quick sell cash in hand Con- you lose a chunk of cash for the convenience.

2. Sell yourself. Craigslist is an easy way to find buyers, and you can usually get a premium on the bullion $50 to $100 over spot depending on the market. Pro- extra cash! Con- time consuming and people are a pain to deal with in these situations.

3. Sell to a bullion company. Kitco and APMEX come to mind first. They buy and sell. Depending on what you have you may lose a few dollars or gain a few dollars around spot. Pros- close to spot price and easy. Cons - Don't expect speedy service unless you want to pay for it. Kitco charges a $40 surcharge for a bank transfer and $20 to fed ex you a check. Don't forget you have to ship your coins to them, and insure them.

So like I said they all have the positives and negatives, it all depends on how much time you have to search out a great price, and how quick you want your money. They are all reputable ways of selling your gold though.