Selling your gold and silver bullion is a lot easier than most people think. Precious metals, in general, are extremely liquid. It’s a physical commodity you can bring to any local buyer and exchange for cash.
It’s safe and way less risky than loans or pawns.
But, coins, bars, and bullion are even easier as the precious metal is in the form investors, dealers, and refineries desire. Unlike jewelry, there’s no costly melting or stone removal required to move the bullion on the market.
Whether you need quick cash or you’re ready to get a return on your investment, selling in Memphis has many benefits!
You can keep an eye on the precious metal spot prices to see when they’re at their peak and immediately sell (instead of shipping your bullion and hoping the price is still high by the time your box reaches its destination).
You get cash or check on-the-spot, and most people are out the door in under 10 minutes!
But, you came here for one specific question: how do you know how much your gold and silver bullion is worth? Lucky for you, there are only two steps to finding out.
Take Inventory of Your Gold and Silver
Make a list of all the coins and bullion you own (this is an important step for insurance too).
What coins do you have? Who made the coins? How much do they weigh? And what is the condition of the coin? How much did you pay for the coin?
Keeping a list will help you stay organized and avoid getting raked over the coals by an unscrupulous buyer. Also, sometimes — but only rarely — you’ll need to report your sale to the IRS. You can learn more about IRS reporting here.
It also helps to know how much you originally paid for the coin/bullion. The list will allow you to make a smart decision on when the spot price is high enough to get a return on your investment.
Call or Visit Your Local Gold and Silver Bullion Buyer
The value of your coin and bullion will vary depending on type. If you have bullion, you can quickly determine its value by knowing the weight and purity of your gold/silver and the current spot price. Go here to see live spot prices.
For rare coins, the value can vary depending on the quality, rarity, and condition. Typically, the market determines what the value of a coin is, but a rare coin’s value isn’t as volatile as generic bullion.
However, keep in mind, you can use the spot price as an indicator, but you’ll want to call or visit a local buyer for a firm offer.
Using the list you created, you can call us at any time to get a price over the phone. We’ll use at-that-moment spot prices for your cash offer.
If you check our Google Reviews and testimonials, you’ll see we’ve earned a stellar reputation by providing the highest possible value for precious metals. We work hard to make selling your gold and silver bullion easy and stress-free.