Once coveted by kings, gold is still a highly valued commodity in the 21st century. While there are many reasons to hold on to this cherished precious metal, there are some equally valid reasons to sell at least some of what you have on hand. If selling is what you have in mind right now, take a moment to learn what the precious metals experts from First National Bullion and Coin, the best place to sell gold in Scottsdale, have to say about who you may be able to sell to and what to consider with each option.

The Original Seller

If you purchased your gold from a reputable seller like a precious metals firm, you may be able to sell it back to them. Just make sure the original seller actually buys gold, offers a fair price, and is transparent about their rationale for what they’re willing to pay.

A Precious Metals Firm

Even if you didn’t initially purchase your gold from a precious metals firm, you may be able to sell your gold to a reputable dealer. The major plus with this option is knowing you’ll likely get an honest offer based on factors such as:

• The current market value of gold
• The purity and quality of your gold
• The type of gold you wish to sell
• The total gold content (if there are other metals mixed in)

A Coin Dealer

With gold coins, you may be able to complete the selling process with a coin dealer. The caveat here is that a coin dealer who doesn’t deal exclusively in precious metals or gold coins may lowball you or be unwilling to pay what you’re asking or hoping to get.

An Online Gold Buyer

If you’re more concerned with convenience or you aren’t near a physical buyer you feel comfortable with, online buyers are worth considering. Again, you’ll want to be cautious and do some checking before you part with your gold. With online gold buyers, it’s generally best to look for:

• Clear instructions and procedures
• Specific pricing details or guidelines
• Access to customer service or support
• The ability to ask questions and get responses fairly easily

A Private Buyer Online

If you opt to sell your gold this way, you may want to avoid sites where there are no protections for either sellers or buyers. Online auction sites, on the other hand, tend to offer certain protections (e.g., verifying the buyer’s credit card or bank account is valid) that make it reasonably safe to sell your gold this way. But be prepared to provide some proof of the value or quality of the gold you’re hoping to sell to overcome any hesitations potential buyers may have.

A Friend or Relative

Whether this option works well for you will depend on the nature of your relationship with the potential buyer. For instance, if a friend or family member is willing to pay your desired price or make an offer you consider reasonable, everybody involved could be very pleased with the transaction. 

For information on any aspect of buying, selling, and owning precious metals, call on the experts at First National Bullion and Coin. If you’re looking for the best Scottsdale gold and bullion dealer, you can trust our reputation. We’re a boutique precious metals firm staffed only by experienced professionals. For expert guidance on the smartest ways to buy and sell precious metals, call us today at 480-546-8928.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.