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Where do you sell gold that you mined?

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Where do you sell gold that you mined?

The role of bullion banks. Bullion banks are the middleman of the gold world. Miners produce gold, but they might not produce it at the same time that consumers want to buy the metal. So the banks play a sort of clearing role: when producers want to sell, they can sell to the bank.

How much do you lose when you sell gold?

When you sell gold coins or bars, you should expect to receive at least 90\% to 95\% of the current market value. But with gold jewelry, you’re likely to get only 70\% to 80\% of the melt value.

Is gold easy to liquidate?

Physical gold and silver prices are based on the floating “spot price” of the respective metals. That is, they are the easiest to sell at the best prices. These include products like the gold & silver American Eagles and Canadian Maple Leafs. Often there is a correlation between premium and liquidity.

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Where is the best place to sell gold?

Cash for Gold USA. Cash for Gold USA is one of the oldest internet-based buyers of gold in the United States.

  • Liberty Gold and Silver. Liberty Gold and Silver is a Portland,Oregon-based precious metals buyer.
  • Express Gold Cash.
  • Luriya.
  • SellYourGold.com.
  • Pawn Shops.
  • Local Precious Metals Dealers.
  • Local Jewelers.
  • Other People.

    • How to sell your gold ring for cash?

    – Determine your items’ worth. Find the karat-markings, weigh the items and calculate the melt value. – Visit a local coin shop or two to see how much they’ll pay for your items. – Find comparison-reviews of silver and gold buyers online. – Sell your items to the local shop, or send them to your chosen company.

    How do you sell gold?

    Filling out an online form on a gold buyer’s site with your name,address and general info about your item

  • Receive a mailer to sell your jewelry,or coins
  • Send in your gold item,then get a quote by email or phone.
  • If you accept,get paid by Paypal or bank transfer.
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    How to sell gold bars?

    Decide on the Right Time to Sell. Deciding on the right time to sell your Gold can be as much a personal decision as it is a financial one.

  • Know Your Gold. It’s important to make sure the buy you’ve chosen is a reputable dealer in the Precious Metals industry.
  • Learn About the Most Popular Types of Gold to Sell. There are many Gold bullion products that can be sold for cash.
  • Find a Trusted Buyer. Once you know your Gold,you must decide where to sell it. You’ll want to find a reputable,trusted online dealer,like APMEX.
  • Consider Selling Your Gold to APMEX. Online Precious Metals Dealers,like APMEX,can offer you better prices than pawnshops or coin shops.
  • Request a Quote. We make it easy to sell your Gold,from locking in your price to getting paid.