How To Sell Bullion

‘How To Sell Bullion’ Posted By: American Coins & Gold | April 6th, 2018

What Is Considered Bullion?

Before we outline the best way to go about selling your bullion, first lets discuss what it actually is. The word “bullion” derives from the French word for “boiling” This refers to the process of boiling gold, silver, and other precious metals down into bars or coins. In order for gold bars to be legally considered bullion they must be at least 99.5% pure and coins must be at least 90% pure.

Bullion is a term often used for gold bars that are treated as an asset that actually gains value over time to do appreciation. Since gold is rare and demand is steady, the gold prices have been steadily on the increase over the past 30 years. This is why many people decide to diversify their portfolio with physical assets such as bullion because its a much safer investment than stocks which are pretty versatile.

How To Sell Bullion For Cash

When it comes to selling bullion you can either go the online route, or the in person route. We highly recommend dealing with physical coin dealers and local jewelry stores as opposed to mailing your precious metals to companies you find online. In a physical location you have much less risk of getting less than the true value for your bullion. In person you are always in possession of your bars or coins and can get paid cash on the spot if you accept the dealers offer. In addition, before you decide to sell in person you are able to get an evaluation of your items, often referred to as an “appraisal”.

The Value Of Getting An Appraisal

By having a professional evaluate all your bullion items you can ensure that you get the full market value for your precious metals. Also, if you have rare gold, silver, or platinum coins they actually might be worth more than the value of the metal itself. Many rare coins are highly collectible, especially if they are connected to a historical event or they were only released in a small circulation run. In this case, getting an appraisal can make you much more than you had previously expected! We have seen rare coins sell for thousands of dollars and the best part it you get paid in cash! We hope this blog helped you understand how to sell bullion and the best course of action to take in order to get the highest payout.

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