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How Much Will Coin Shops Pay for your Gold Coins?
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Love the Art of War book in the background—what translation?
The UK gives you Scrap Price not Spot,
They are all scammers
The truth is you overpay for gold when you buy it and you get underpaid when you sell it. Sad but true
How fo i store them so they dont gey damaged
Spot
I sold a 1 oz gold coin years ago and went to Hawaii that paid the around trip and a week at Hotel
Silver Eagles tube would be a easy sale. They are in demand and very liquid.
Yes I would say I have not seen a gold or silver vid extensively explaining the portion of selling precious metals
Everywhere around me is paying 2-3% under spot for gold. South Florida.
Is that coin shops in miami you went to? I’m trying to start a little gold business and I’m trying to see where I should start.
I called a bunch of places between west palm and Fort Lauderdale. Best offer was $50 under spot
Best place to sell is at coin show. Lots more competition for your coins and you can offer them to both dealers and collectors walking the bourse floor.
Earlier this year I found a gold coin at a yard sale and not knowing much this was my first experience selling and buying gold, it was a 1oz commemorative gold coin I sold it to a local shop for $1750 and I regret that now I should have kept it or done more research. At the time gold spot was $1850 I think…did I get ripped off??
Selling you stack is blasphemous! Stackers stack, full stop!
Weird, here in Australia, it doesn’t matter what coin you got, a gold ounce is a gold ounce, even if you paid premium, you will generally get about 100 under spot, never spot, and I have never received over spot. Now I’m sad.
In Australia you will get AT BEST spot price for anything, doesnt matter what you bring or how much premium you paid for it, heck most places wont even give you spot…. you’ll get 1 or 2% below, not even PAMP gold bars will be bought at spot in some places even though theyre an outrageous $200 AUD or 6-6.5% premium to buy with Perth Mint being 3.5-4%. The places that will give you spot give you “their spot” with the margin already built in when you shit test the price with the live spot and currency exchange rate, they just dont expect people to call them out.
Its a very different market here it seems compared to all the American youtubers talking about stacking coins and retaining premiums etc. And was very confusing when starting out because I saw none of it reflected here.
thats alot of gold
over spot when you’re selling? doesn’t happen in canada.
What if thete are ZERO decent local coin shops to sell to?
I’m planning on grabbing 10,000 $ an getting all gold coins y’all think it’s a good idea
Does stacking any old coins damage them?
Where do you buy quality gold coins?
SD Bullion is great.