How to Sell Your Gold | The Royal Mint (2024)

FAQs

How to Sell Your Gold | The Royal Mint? ›

Understanding the Gold Selling Process

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.

To withdraw any available funds from your Bullion account, log into your account and submit a withdrawal request.

Gold bars also known as Gold bullion which is at least 99.5% pure and because of its purity this makes it the most valuable and easiest type of Gold to sell.

The current ask purchase price for a one ounce American Gold Eagle is: 2452.00 and the current Monex bid selling price for one ounce Gold Eagle coin is: 2367.60. For full transaction details and transactional service such as price limit orders, feel free to consult with your Monex account representative.

Selling Back Your Physical Bullion Coins & Bars

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.

How much does Royal Mint charge to store gold? ›

The storage rate is 1% + VAT per annum. Storage rates are charged quarterly in arrears and are based on the average daily market value of your total gold holding that is stored in The Vault™. Invoices are issued quarterly and must be settled immediately.

Yes, you can sell your DigiGold, digital silver and digital platinum 24 hours a day, 7 days a week, 365 days a year on royalmint.com keeping you firmly in control of your assets.

Best Product Selection: APMEX

With over 20 years in business, an A+ rating from the Better Business Bureau (BBB) and a clean record with the Consumer Financial Protection Bureau (CFPB), APMEX is among the market's most trusted online gold dealers.

Deciding between pawning and selling your gold is a matter of weighing the urgency of your financial needs, your attachment to the items, and the potential value of your gold. While pawning offers quick cash and the option to keep your gold, selling can provide higher payouts and immediate relief.

The only types of gold a bank would accept are those in coin or bullion form (i.e., gold bars), and only those with a letter of authenticity certificate.

Although gold is liquid, you may not be able to turn it into cash immediately — limiting your funding options when emergencies do happen. And, financial markets are cyclical. That means there are positive and negative cycles to consider.

If you need or want to sell physical gold, you have options. Selling to a traditional bank is typically not one of them. Seek out a highly reputable precious metals firm, such as the Gold IRA experts at Advantage Gold.