Dealer buy backs list %

[Paul]

i cannot recall this being brought up in similar threads, might be a useful peoples reference

 

I have never parted with an ounce of physical gold since i started stacking in 2010 so i have no experience of the buy back process and what different firms pay for buying coins/bars back.

 

From their web site i found: 

 

HGM:

HGM seem to come out of highest with 99% of spot for bullion coins (they used to pay 100% of spot)

 

Bullion By Post:

Bullion By Post 98% for bullion bought from them and 97% for bought elsewhere.

 

Newcastle Jewelry Company (Newcastle upon Tyne)

Will pay 98% of spot for all bullion coins and pay you in cash same day over the counter with appropriate ID

 

If anyone else has more experience of prices paid, ability to get paid in person via physical location, being able to cash on the day, over counter service, general dealing experiences selling bullion or anything else that you think appropriate to selling bullion coins

 

 

 

[watchesandwhisky]

Great idea, and a great reason to own gold, Premiums and buybacks seem far more favourable than silver.

[Keithoil]

Yes I am like you Paul I too have never sold any gold, and hopefully I will never have to.

 

But it is always good to know it is very easy to sell should you need some cash quickly.

 

Good call.

[Pete]

You will readily get 98% of spot from HGM and BullionbyPost but if you are selling decent coins then you could get a bit more I guess offering them on this site.

[silversword]

If the spot price stays within its current range then I expect these offers from dealers will remain more or less constant. If Gold does something dramatic, the buy-back % will probably change depending on how desperate the dealers are to add stock. 

[Pete]

I once sold to HGM and locked the price which they honoured based on shipping to them Special Delivery for a guaranteed next day arrival.

On another occassion, spot rose a few pounds and they gave me the higher price automatically - nice people to deal with !

[Paul]

from a previous 'gold deals' for cheapest 2014 full sovereigns

looking on thebullioncentre.com web site

they say they pay 100% spot for all gold coins

 

Can't say you will find a better value than that !

[Pipers]

I agree Paul that is a good price.  I would of thought they would be fussy about scratches though.

[HighlandTiger]

Bullion by post also buy back silver, including the 0.500 coins

 

Their buy back depends on weight and if you send over 5kg of silver you can get about 83% of spot.

 

Not great, but worth to know if in need of quick cash, or if you have been able to buy scrap silver at below spot.

 

https://www.bullionbypost.co.uk/scrap-silver/

[watchesandwhisky]

The bullion centers 100% of spot is for buybacks of coins bought from them, they have very competative prices though so its all good

[Pete]

My preferred gold dealer is HGM.

If I ship overnight by Special Delivery I have the cash in my bank the following day, sometimes before midday.

[ChrisSilver]

If you sell on The Silver Forum you will most likely get 103% spot, or more, for any gold.

I am pretty sure any gold listed at spot +3% here will sell the same day as listed.

Plus the advantage of buying via the forum is that you know in advance if your coins have finger prints on. 

[Pipers]

I think the idea of the dealer buy back is you can sell quickly and a lot.  For example if you wanted to liquidate 10oz of gold bullion fast a dealer would accommodate while on the forum it may take a while longer plus it may depend what is in fashion at the time.  I personally would not sell gold on eBay! 

[sovereignsteve]

The forum is great for selling at around spot , for gold especially, and in times such as these; when everyone is looking to buy.

When prices are eventually high and everyone is looking to sell, what then? Will there be anyone on this forum buying?

[HelpingHands]

New people joining at the time yes.

I think that if we are all still here 'collecting' then we'll be after only numi stuff at high spot.

[Pipers]

The bullion centre has ceased trading.