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Local coin stores are an excellent option for selling gold, especially if you have coins and bars made of precious metals. These stores not only buy gold for its metal value but also consider its ...
1. Gold bullion. One of the more emotionally satisfying ways to own gold is to purchase it in bars or in coins, such as at Costco. You’ll have the satisfaction of looking at it and touching it ...
But Don’t Necessarily Sell in Bulk. When you are selling gold coins, you’re almost always likely to get a higher per-coin price and margin by selling only a few items at a time vs. a few dozen ...
Cash for gold – With the rise in the value of gold due to the financial crisis of 2007–2010, there has been a surge in companies that will buy personal gold in exchange for cash, or sell investments in gold bullion and coins. Several of these have prolific marketing plans and high-value spokesmen, such as prior vice presidents.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold bullion bars and 90% for bullion coins. [2]
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