Selling expectations.

mattyman174

mattyman174

Active Member
I am looking to sell some of my Gold/Silver Bullion.

I have not sold Bullion before. I've only purchased from direct outlets (Ainslie for example).

What can I typically expect from buyers?

Is it normal to be offered under Spot or should I expect at least Spot?

The holding I want to sell contains mostly premium sealed Gold bars (Perth Mint for example) and Silver Eagles.

Thanks.
 
mmm....shiney! said:
Times have changed unfortunately for sellers @mattyman174
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Not exactly sure what that means as I have no context to what times were like for sellers before? My guess would be that you are implying its harder to sell these days?

barneyrubble said:
Put them up for sale I say, you don't have to sell if you don't get the price you are seeking.
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I was planning on doing this. I understand that I'm not obligated to sell at a price I don't like lol.
 
I still think this is the best market for selling. That being said, it may be worth your while contacting @mybullion.com.au or alternatively a local bullion dealer.

I had a family member sell some gold and silver to a dealer in the past couple of months who had no issues offering above spot. It was a substantial sale too. Be aware that there have been a number of sellers on this forum who have struggled to sell their PMs even at spot recently. I wouldn't go a pawnbroker though.

Where are you located if you don't mind me asking?
 
mmm....shiney! said:
I still think this is the best market for selling. That being said, it may be worth your while contacting @mybullion.com.au or alternatively a local bullion dealer.

I had a family member sell some gold and silver to a dealer in the past couple of months who had no issues offering above spot. It was a substantial sale too. Be aware that there have been a number of sellers on this forum who have struggled to sell their PMs even at spot recently. I wouldn't go a pawnbroker though.

Where are you located if you don't mind me asking?
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Bathurst, NSW. 3Hrs from Sydney. Makes it difficult to do F2F.
 
Thanks for the shout Shiney.

MattyMan174 and anyone else who’s interested, please check out our buyback rates. I’m adamant that owners of .999 physical bullion wanting to sell should receive spot price at least.

Multiple ways to sell, including on this forum, via facebook marketplace, eBay and of course your local bullion dealer. Each has its advantages and disadvantages.

Happy stacking all of you.
 
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