UK Bullion dealers

[Goldbrittanialover]

Best bullion website to sell gold? I have contacted local coin shop in Bristol and they can offer 5% below spot, wondering if anyone has any experience with websites. 

Also anyone know where best to sell in Bristol? 

[Goldbrittanialover]

Or around the South Wales, North sommeset, Gloucester area I suppose.

[dicker]

To an extent it depends on what you are selling.  
 

Sovs - you might achieve spot perhaps a little more if the dealer is short on stock

Brits - similar but often not as low as Sovs

Chards Prices as at today:

[Spyder]

Why not just list them here and get a better price..

5% under spot from dealers is not so bad.

You could also try this site , go to the bottom and click dealers closest to you.

https://coinhunter.co.uk/coin-dealers/

[Goldbrittanialover]

Someone really needs to do a carwow site for coins. So bullion dealers bid for your coins! 

Good to know 5% below spot is a good price. Let's see what happens with next week's news I guess

[dicker]

41 minutes ago, Goldbrittanialover said:

Someone really needs to do a carwow site for coins. So bullion dealers bid for your coins! 

Good to know 5% below spot is a good price. Let's see what happens with next week's news I guess

I don’t think 5pct below spot is good.  Sell here and you will do much better.  
 

May I ask what you are intending to liquidate?

[RDHC]

4 minutes ago, dicker said:

I don’t think 5pct below spot is good.  Sell here and you will do much better.  
 

 

Yes indeed. Cut out the profiteering middleman.

[Goldbrittanialover]

One of my 2020 gold Britannias. 

[Bigmarc]

Hatton garden is 6% under for a britt and they are usually pretty competitive. If you have a coin shop up the road I would just go there

[Leonmarsh]

8 hours ago, Goldbrittanialover said:

Best bullion website to sell gold? I have contacted local coin shop in Bristol and they can offer 5% below spot, wondering if anyone has any experience with websites. 

Also anyone know where best to sell in Bristol? 

None they will rip you off 

Sell on here 

[Booky586]

5% below spot on a 1oz Brit is £1,514.05 (hope my maths is right 😀)

Chards, at £1577.80, is much better.

But your going to get a better price selling on here 👍

Edited October 14, 2023 by Booky586
Typo

[iacabu]

5% under spot isn't a good price. Sell on here for more with very little effort. 

Current high gold price might mean people will be reluctant to pay spot on 1oz gold until Monday. I could be wrong though. 

A well known dealer on the Facebook groups was advertising he's buying at £1575/oz on bulk this weekend. Based in Birmingham. 

Plenty of dealers and regular buyers on here who might be interested also

[BackyardBullion]

I can sell it on my buyers club for £35 over spot with a £25 fee

[James32]

27 minutes ago, BackyardBullion said:

I can sell it on my buyers club for £35 over spot with a £25 fee

@Goldbrittanialover this is likely the easiest and fastest route due to lack of feedback. 

[Bigmarc]

Any info anywhere on how the buyers club works? 

Would I have to sign up?

Edited October 14, 2023 by Bigmarc

[BackyardBullion]

15 minutes ago, Bigmarc said:

Any info anywhere on how the buyers club works? 

Would I have to sign up?

Email byb@backyardbullion.com and I will add your email to my list

[Goldbrittanialover]

That's actually not a bad shout backyard. I have seen your videos where you take meticulous care of other clients PMs back a few years ago. You saved me a few quid buying silver from the European mint in 2019.

Less risky at least. Other thing I can do is build up reputation selling some small bits of silver. But I don't think it's worth the postage, also there is a limit on how many sales non platinum members can place on here. When I looked a few weeks back it was one per month. The membership on here every few years is similar to the loss I'd make selling a coin to the dealer. I'm not really the selling type 💰🪙.

Do buyers and sellers agree a price before contacting you? Is the fee to join the club and is that lifetime, or is the fee per transaction?

[Coverte]

6 minutes ago, Goldbrittanialover said:

That's actually not a bad shout backyard. I have seen your videos where you take meticulous care of other clients PMs back a few years ago. You saved me a few quid buying silver from the European mint in 2019.

Less risky at least. Other thing I can do is build up reputation selling some small bits of silver. But I don't think it's worth the postage, also there is a limit on how many sales non platinum members can place on here. When I looked a few weeks back it was one per month. The membership on here every few years is similar to the loss I'd make selling a coin to the dealer. I'm not really the selling type 💰🪙.

Do buyers and sellers agree a price before contacting you? Is the fee to join the club and is that lifetime, or is the fee per transaction?

Read this I would suggest:

 

[Leonmarsh]

8 minutes ago, Goldbrittanialover said:

That's actually not a bad shout backyard. I have seen your videos where you take meticulous care of other clients PMs back a few years ago. You saved me a few quid buying silver from the European mint in 2019.

Less risky at least. Other thing I can do is build up reputation selling some small bits of silver. But I don't think it's worth the postage, also there is a limit on how many sales non platinum members can place on here. When I looked a few weeks back it was one per month. The membership on here every few years is similar to the loss I'd make selling a coin to the dealer. I'm not really the selling type 💰🪙.

Do buyers and sellers agree a price before contacting you? Is the fee to join the club and is that lifetime, or is the fee per transaction?

It's the buying you make your membership worthwhile 

Many things low price on here low premium 

[Goldbrittanialover]

Yes that was it, 1 sale each 30 days. I already have the 2020 Brit up for sale.

[ChrisSilver]

14 minutes ago, Goldbrittanialover said:

also there is a limit on how many sales non platinum members can place on here.

This is not factually correct. Free standard members can post 1 trade listing per 30 days. And all Premium Member groups (Silver, Gold, Platinum, Platinum PLUS) can post unlimited trade listings.

Premium Membership in GBP starts at less than £4.92 per month when paid annually and many members have commented that they save far more than this by buying direct from other members on the forum rather than from dealers. 

There are advantages/disadvantages of buying/selling via each.

[Leonmarsh]

Plus the free community aspect is worth it

[Goldbrittanialover]

Sorry, Chris yes you are correct. I sold coins on here in 2019 and one in 2021 or so. I don't really sell much of my stash :), hence why I haven't paid the membership fees. 

 

I probably do need to stop paying dealers, so may consider a membership. But maybe I should stick to high feedback individuals. Issue is I have low feedback, just like the people who are considering buying from me! Such a conundrum! 2 transactions last 5years.

[Goldbrittanialover]

I could list the silver on my current gold Britannia post? Or is that not allowed? But to build feedback to sell the 2020 Britannia is going to be a slog. 

 

Byb I've sent a email, I'll see what the terms of the £25 fee are like but I suspect will have to pay postage fees twice. But hey better than the bullion dealer prices!!!

[NGMD]

4 minutes ago, Goldbrittanialover said:

I could list the silver on my current gold Britannia post? Or is that not allowed? But to build feedback to sell the 2020 Britannia is going to be a slog. 

 

Byb I've sent a email, I'll see what the terms of the £25 fee are like but I suspect will have to pay postage fees twice. But hey better than the bullion dealer prices!!!

The best thing is that you’ve posted the message and probably got another £50 for doing so. Use BYB because he’ll shift it- no nonsense or complications.