FAQs
Understanding the Gold Selling Process
Get a Quote: Begin by completing a quotation form. The Royal Mint team aims to provide you with a competitive quote within 24 hours. Send Your Items: If you are happy with the quoted price, follow the instructions sent via email on how to send your bullion to The Royal Mint.
How can I sell my gold coins for the most money? ›
Instead of selling to a pawn shop or local jewelry store, it's best to sell to a trusted and reliable gold buyer. These vendors offer competitive prices and will buy your gold coins based on their market value.
How to get the most money for your gold jewelry? ›
If you have gold in the form of bullion bars or coins, you'll get by far the best prices by selling them to a dealer that specializes in gold bullion. For gold watches and other brand name gold jewelry, you'll get the best price selling privately or through a company that specializes in this type of product.
Where is the best place to sell royal mint coins? ›
The Royal Mint's regular auctions provide a great opportunity to offer your coins to a large buying audience. Selling in a Royal Mint auction can help make sure you get a fair price for your coins while being confident they are going to a good new home.
How can I sell my gold without getting ripped off? ›
How To Sell Gold Without Getting Ripped Off
- Research Current Market Prices: Before selling your gold, take the time to research and understand the current market prices for gold. ...
- Choose Reputable Buyers: Opt for established and reputable buyers when selling your gold.
Then when you turn around and try to sell, it's most likely you won't be able to sell at or above spot price. It's going to be a little bit below. So you're going to end up losing somewhere around 5% if you buy and then immediately sell gold.
How much can I sell a 1 ounce gold coin for? ›
What is the current value of a one ounce Gold American Eagle coin? The current ask purchase price for a one ounce American Gold Eagle is: $2,700.20 and the current Monex bid selling price for one ounce Gold Eagle coin is: $2,607.40.
What time of year is best to sell gold coins? ›
Optimal selling times include:
- During or just after the winter holidays and Chinese New Year.
- During economic recessions or market downturns.
- When geopolitical tensions are high, driving up prices.
Refineries. If you have a large quantity of gold or silver (especially scrap or broken jewelry), selling directly to a refinery could be the most profitable option. Refineries melt down precious metals and resell them in larger quantities, meaning they are often willing to pay closer to the spot price.
What is the price of 14K gold today? ›
Clean Your Gold Jewelry
You can make your gold jewelry look more attractive to buyers with a quick cleaning. Just dip the item in a bowl of lukewarm water and dish soap, and then clean it with a toothbrush or a soft cloth.
Is selling your gold jewelry worth it? ›
Selling gold is a very good way to earn some extra cash. All precious metals, including gold, have high values even when prices are lower than usual. There are a few reasons why selling gold is such a great way to earn much-needed money.
Can you sell gold back to The Royal Mint? ›
If you have gold, silver or platinum bullion coins and bars to sell, The Royal Mint will offer you a competitive buy back rate based on live gold, silver or platinum prices. We will quote to buy your coins and bars at 98% of our current gold bid price if stored within The Vault™.
Who pays the best for gold coins? ›
We can confidently say that Cash For Gold USA is the #1 place to get a fair market offer for gold and jewelry online. Here's why: We guarantee we'll beat any competitor's price for jewelry, gold coins, silver coins, diamonds, and more. We process all payments within 24 hours.
How long does it take to withdraw money from Royal mint? ›
Withdrawal requests are typically processed within 5 working days although exact transfer times may vary depending on your bank's time zone and service level.
How do I sell my gold back? ›
Our top recommendation for selling gold bars or coins is Abe Mor, who offer the best customer experience and value for your bullion. Selling with a reputable online dealer like Abe Mor is the best way to get close to market value, and turn your gold bullion into cash without any undue hassle.
How long does it take to withdraw money from Royal Mint? ›
Withdrawal requests are typically processed within 5 working days although exact transfer times may vary depending on your bank's time zone and service level.
How do you cash out gold coins? ›
Coin dealers and shops will buy your gold or silver coins from you. This is a similar process to selling anything in person. You will pack up all your gold coins and take them where you want to sell them. They will make you an offer and you can either choose to sell your coins there or take them somewhere else.
