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Where is the best place to sell gold?


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Posted

I've thought about posting it in the general classifieds here, and I still may, but...

I have a couple US minted gold coins. Nothing collectible, just worth the gold value AFAIK. I hate to sell them, but I need a little capital. The local coin shop buys for about 90% of spot price and I'd like to get a little closer to spot than that.

I'm not sure I want to go the Craigslist route.

Any ideas or suggestions?

Thanks,

Will

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Posted

I tried to sell some gold a few months ago and will never do that again. I ran myself ragged going around town going store to store and meeting scumbag after scumbag trying to rip me off. I finally just went to a jewlery store and they gave me the best price. I got about 95% of spot price as of open of trading, when I got home I looked up gold and found it dropped so I ended up closer to spot then I thought. I would never go the CL, I met some really shady people. One guy was OC'ing, so I asked him where was a good place to get a carry permit, he said "you don't need one, just keep the mag seperate while carrying. Another guy brought 4 other people with him, I was sure I was going to get jumped so I faked a phone call and left. Most people on CL say they give spot but whenn you meet they say that is only for collectible gold like rare gold eagles. I had a couple of 1oz gold bars they told me that they only pay 8-900 for 1oz those, I ended up selling them for $1500 each. Spot that day was about $1550.

Posted

Ok, so Craigslist is definitely out. I hadn't considered going to any of the "WE BUY GOLD" places. I just guessed that they would offer maybe half value. I'll try that jewelry store (can't remember the name right now) that says they'll buy gold. The one in the same shopping center as Barnes and Noble.

Thanks guys,

Will

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