How to Sell Gold & Silver to the United States Gold Bureau (2024)

What if the precious metal I wish to sell isn’t listed?

Although we have a list of items that we are actively buying, we are happy to consider all precious metals. Give us a call at 800-775-3504 if you would like to discuss a particular unlisted item. Please note that the United States Gold Bureau does not buy scrap metal, jewelry, or other items such as dental implants.

When does my payout price for my gold or silver get locked?

You will be guided through a short series of tasks to identify the items you want to sell, verify your identity, and properly pack your box. Your payout price will be locked when the mailing label is created. At this time you will have 48 hours to ship your item(s) to maintain the locked price.

What are the minimum and maximum transaction limits for selling precious metals to the United States Gold Bureau?

Our online “Sell to Us” feature can be used for transactions from $1,000 to $75,000. If you are liquidating have more than this, please give us a call at (800) 775-3504 for a quote. We are happy to consider all precious metals in coin or bar form.

Why should I trust the United States Gold Bureau?

Since our founding in 2003, the United States Gold Bureau has been successfully buying and selling gold coins, silver bullion, precious metal bars and a variety of other pieces. Not only do we pride ourselves on maintaining a long-standing history and positive reputation within the market, we celebrate a growing roster of satisfied clients (read over 2,000 reviews here), many of whom return to work with us time and again.

The United States Gold Bureau is an active member in the Industry Council on Tangible Assets (ICTA), and a registered official Precious Metals Dealer with the State of Texas, Department of Public Safety, Office of Consumer Credit Commissioner (Certificate #0101740). We maintain the highest standards of professional and ethical conduct to ensure that our clients enjoy a pleasant, thorough and discreet experience.

I’m ready to sell my precious metals items... where do I go from here?

You can jump directly into our Payouts Catalog which provides easy-to-use filtering to help you find your specific items, as well as a comprehensive listing of all the other precious metals we buy. All products are listed with up to the minute pricing so you can see exactly what the payout will be for each listed bar or coin. You can also use the 'Sell to Us' area while navigating through the variety of products within our store.

How should I pack my precious metals?

We recommend that you pack your precious metals to protect them from other items within the package and from the items moving around within the box. Coins and bars that are lose in the packaging could damage each other during the journey to our facility. Using materials that will securely anchor the items to the center of the box can help prevent movement from occurring during shipment. This also allows us to easily locate all the items within the package when it arrives at our facility.

Can I drop my precious metals at the United States Gold Bureau?

We welcome visitors to our headquarters location in Leander, Texas. Since we do have an extensive security procedure, we urge visitors to give us a call and set an appointment at least 48 hours before you arrive. You may work with a Precious Metals Specialist for the entire process to make sure your visit is arranged with our security staff.

How long does it my package take to arrive at the United States Gold Bureau?

Our buying process is not only straightforward and simple, but reliable and efficient. After creating a personalized client account on our secure website, you will receive an instant quote on the purchase price of your coins or bars, be able to print a packing list and pre-paid FedEx labels for shipping to our facility in Leander, Texas. Depending on where you live in relation to Leander, TX, we see most packages arrive in our facilities within three business days. This timeframe can fluctuate during storms, holidays or other events outside of the carrier’s control. Your payment is processed soon after your items are received and verified by our team.

Are there hidden fees?

The U.S. Gold Bureau prides itself on being an honest and transparent company. We do not charge any hidden fees. You will know the exact number that we will pay you before sending your metals to our facility. We are success partners, so we take care of the shipping and insurance when you purchase the metals. Your role is to take care of the shipping when you sell them back to us. The only charge when selling is a $25.00 priority shipping and insurance fee deducted from your proceeds. You can sell your precious metals to the U.S. Gold Bureau with 100% confidence there won't be any surprise fees.

How to Sell Gold & Silver to the United States Gold Bureau (2024)

FAQs

How to Sell Gold & Silver to the United States Gold Bureau? ›

Our online “Sell to Us” feature can be used for transactions from $1,000 to $75,000. If you are liquidating have more than this, please give us a call at (800) 775-3504 for a quote. We are happy to consider all precious metals in coin or bar form.

Can you sell gold to the Federal Reserve? ›

You can buy or sell precious metal bullion and coins from private dealers. The Fed neither buys nor sells precious metals.

How do you cash out gold and silver? ›

You can sell your gold and silver near you by using a local coin shop. The advantage of a local coin shop is that one can receive the cash more quickly. The drawback is that they may not offer the best price since their expenses are higher. And a small shop may not be able to handle large buyback orders.

How can I sell my gold in USA? ›

There are three main places to sell gold — reputable online gold buyers, bullion pawn shops and local jewelers. We generally recommend selling online if you're looking for the highest possible price for your gold, although each option offers its own range of advantages and disadvantages.

Is the US Gold Bureau legit? ›

Is U.S. Gold Bureau Legit? Yes, the United States Gold Bureau is a legitimate company, established in 2003. It is a recognized Precious Metals Dealer by the State of Texas, the Office of Consumer Credit Commissioner, and the Department of Public Safety.

How much gold can I sell without reporting? ›

For sales of gold bars and rounds to be considered reportable, every individual piece of bullion must have a fineness of at least . 995 and the total purchase quantity must be 1 kilo (32.15 troy ounces) or more.

Can the government take your gold bullion? ›

Although there is no federal law that explicitly states that the government can call in your gold, during extreme crises the government has the means to seize it whether it comes in the form of an Executive Order or a law.

What is the best way to turn gold into cash? ›

Local jewelers and pawn shops provide a quick and straightforward option for selling your gold. They typically offer on-the-spot evaluations and immediate cash payments.

Can you sell gold anonymously? ›

The Anti-Money Laundering (AML) laws significantly limit the ability to sell large amounts of gold without identifying yourself. Dealers in precious metals are obliged to comply with these laws, which often means they must collect personal information from individuals selling gold.

Do banks take gold and silver? ›

That being said, in the United States, most banks will not buy precious metals, including gold. You may have some luck at commercial banks, but any savings or cooperatives will be unlikely to offer this type of service to investors. Some Central Banks will allow customers to sell gold bars or coins, but not all.

Do gold buyers report to IRS? ›

While there is no limit on how much gold you can purchase without reporting it, any sales must be reported to the IRS. Additionally, you should be aware of other taxes and limits, such as the state sales tax and the $10,000 reporting requirement for cash transactions.

Is selling gold taxable in USA? ›

This is called the capital gains tax. And since gold is an investment asset, when you sell your gold and make a profit it is taxed as capital gains. Though, depending on how you held your gold, you will either have to pay taxes at the ordinary capital gains rate or at a general rate of 28%.

How can I sell my jewelry without getting ripped off? ›

Generally, the best places to sell unwanted jewelry are through jewelers, local pawn shops, or online marketplaces. Selling on eBay is a popular option – buyers worldwide can come together in one auction-style environment.

How much is the gold in the Federal Reserve worth? ›

Book Value: The Department of the Treasury records U.S. Government owned gold reserve at the values stated in 31 USC § 5116-5117 (statutory rate) which is $42.2222 per Fine Troy Ounce of gold. The market value of the gold reserves based on the London Gold Fixing as of September 30, 2020 was $493.4 billion.

Can anyone put money in the Federal Reserve? ›

The Federal Reserve Banks provide financial services to banks and governmental entities only. Individuals cannot, by law, have accounts at the Federal Reserve.

Who owns the gold in the Federal Reserve? ›

The Federal Reserve does not own gold. The Gold Reserve Act of 1934 required the Federal Reserve System to transfer ownership of all of its gold to the Department of the Treasury.

Does the US government buy gold? ›

Although the Federal Reserve does not own any gold, the Federal Reserve Bank of New York acts as the custodian of gold owned by account holders such as the U.S. government, foreign governments, other central banks, and official international organizations.

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