How Much Will Coin Shops Pay for your Gold Coins?

Selling a gold coin. What can you expect selling a gold coin to a local shop? How much should they pay?

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Thank you!

[gomzify]

It feels so awesome to get a closer look at a coin stack ... Gold is magical....

[TheQuickSilver]

When I sold some gold to help fund my divorce I sold both private and to a dealer. I got more cash from the private sale but selling to the dealer was about as easy as it gets. I actually think occasionally selling a little gold is a good thing. It helps you get used to idea

[anthony]

In terms of selling my bullion I prefer silver, I get some of my premium back most of the time or at minimum spot. Whereas gold I’ve always gotten less than spot

[wda--]

Gold hits the sweet spot of being liquid, but not too liquid...it's just hard enough to sell to make you circumspect. Converting/refining your stack, game on!

[StackingSurfer]

Sold two 1oz gold bars I picked up at spot last Black Friday. My LCS gave me just over spot and I pocketed some nice gains. Be your own banks!

[CohnmanTheBudbarian]

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.

[Phlegm]

I would call around to several shops and see who gives the best offer instead of just heading into the lcs.

[jordandicenso]

Private sale is the best. Im part of a small stacker facebook group with vetted trusted members. Keep my buying and selling to that small group.

[madrush]

Thank you for posting this. I've always bought and never sold, so i honestly had no idea what to expect. Especially those circumstances over spot.

[sovietrazor]

*casually places 100k of gold on the table*

[craigjones]

That's where having a good relationship with a coin shop is key!!

[frankad]

One buys gold to preserve his/her's wealth, and not to resale it next week/months.

[HansPeter-qywl]

Here in europe, about 1900, a lot of countries made coins out of 0.900 gold
with similar nomination and the same weight, for better international trade(nomination 10=2.9g fine and 20=5.8g fine). Quite a few of these coins are available at close to spot, especially the ones that had restrikes later on, or are being produced to this day. A good way to buy smaller gold coins, without the absurd premiums on fractional bullion.

[SamYouTube]

A shop once tried to pay me 60% of spot price on a brand new 1 oz gold bar 😂

[m.n]

My experience cashing in my kilo of silver and few gold bars few years ago when I needed a transmission rebuild on my truck I walked out with spot price cash which Im okay with. I'm not gonna expect to get all my money back, but atleast what ever spot price is that day or yesterdays my local coin shop usually gives me whatever the highest spot price was recently plus premium cash deal he always gives me the best for the money when I sell to him

[stackinkraken]

You make very professional videos with great lighting and set-ups. 👏

[adris]

So wild that there’s like nearly 100k of gold in that small pile

[goit]

I get tired of hearing “it’s a seller’s market “. When I hear that I go elsewhere. Unfortunately I don’t have a lot of choices. I’d like to find some other private gold stacking/investors .

[MrDavidknigge]

The gold I bought at 3 to 5% over will get 1 to 2% under. But I am fine with that. I have other resources for an emergency and I bought low.

[michaelg]

Not sure where youre located, but no one ive dealt with woukd EVER pay that much for any coin. Id be lucky to get 5% BELOW spot for an Eagle or Buffalo. And like some others have said, it wont be cash either. Pretty crappy situation I could be in if I need to sell quickly.