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The Best Ways to Sell Silver and Gold

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The Best Ways to Sell Silver and Gold
If you’re selling gold or silver bullion, you want to get the best price available. Perhaps you’ve been
investing in precious metals for many years and now you think it’s time to offload some of your
collection. Or maybe you’ve inherited some precious metals from a family member or are cleaning out
your jewelry drawer. Whatever your case may be, we’ve put together this guide to help make sure your
transaction is as smooth as possible.
We look at all the most important things you should consider before you sell your precious metals,
including:
Getting a fair price
Selling different forms of bullion (coins, bars, jewelry, scrap metal)
Where to sell your precious metals
Selling gold bullion to or from a pawn shop Online sales and storage
Whenever you decide the time is right for selling gold and silver, the three primary factors to consider
are price, convenience and safety. Let’s look at
the topics above while considering how these
factors come into play, beginning with the
biggest question of all:
What’s a Fair Price for Your Precious Metals?
The question everyone asks when selling
precious metals is what price they’ll get. So,
how do you know how much your bullion is worth? Here are some of the factors that determine how
much you could potentially receive when you sell your gold or silver. We are most trusted Silver Buyers
NJ. We can help you to sell your gold and silver in NJ.
1. What Kind of Bullion Are You Selling?
Some precious metals products are more valuable or in greater demand at a given time in the market.
Factors like whether it’s gold or silver, a coin or bar, a government or private mint product and the
condition of the bullion itself will all play into its resale value. Generally speaking, bullion that demanded
a higher premium upfront will fetch higher prices upon resale, though it does depend on demand at the
time. One way to assure that you have a strong resale ability is to buy the most popular product where
demand will always be strongest.
2. Selling Gold & Silver Coins
Gold and silver coins generally hold their value well through resale. Because sovereign (government)
coins are universally recognized legal tender, they can usually be resold without delay. Because of this
high liquidity, you’ll usually get a higher resale value from coins than you will from rounds. Of course,
The Best Ways to Sell Silver and Gold
there are exceptions to this rule, as we outline in this article. Additionally, the retail market for coins is
generally more active than bars or jewelry, which means there is almost always a buyer.
3. Selling Gold & Silver Bars
Gold and silver bullion bars generally have high resale value, especially those bars that have been kept in
professional vault storage. Bullion bars produced by the most reputable mints and refineries have the
strongest resale value. These bars are typically marked with a seal of the mint of origin and sometimes
include a serial number for easy identification and certification. Because of this, there is low risk
involved in buying or selling bullion bars.
4. Selling Gold & Silver Jewelry
It’s difficult to get the same resale value when selling your gold and silver jewelry than other bullion
products. This is because most jewelry today includes an alloy along with other decorative pieces. Since
it is not pure gold or silver, its value is more subjective. A refiner has to melt it down and refine it before
making a bar, coin, round or even more jewelry. This additional labor means most jewelry today will
fetch a lower resale price than what was paid up front.
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