recommended place to sell gold bullion bars in sydney

J

jimmy24

New Member
hello all, apology if this has been asked before as i'm new here.

can anyone recommend few good places to sell perth mint gold bullion bars in sydney?

and will they require any kyc private info to buy the bullion back (under 500g).

thanks
 
Hi Jimmy24, welcome.

This bullion directory might help. Regarding KYC, if you're selling more than $5,000 worth of gold, silver or platinum, you'll need to show ID to the dealer. More info here: AUSTRAC.

Private selling of physical bullion does not require KYC, for example the transactions that take place on this forum.

All the best!
 
Thank you for the info, much appreciated :-)

Do you happen to know if it is possible to be paid in cash, or only bank transfer is available?
 
Hi and welcome, there are other dealers who are willing to do direct deposit, its just the volume you hv will attract AUSTRAC policy due to our current era... every dealer is abide to this...and you probably be worthwhile to sell bit by bit to lower your hit on buy-back...

or sell them here :D
 
if you’re selling to long serving members, then you can do face to face transactions, mostly @ bank branch for both parties…depending how you want to do them…but having buyers to pay before receiving can be an issue as you’re relatively new…
 
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