How do you find reputable gold and silver buyers?


Quick Answer

When searching for reputable gold and silver buyers, look for dealers with associations with the PCGS and NGC when selling gold coins especially, as these are professional coin organizations. Also, check with the Better Business Bureau to confirm legitimacy and learn of any complaints.

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How do you find reputable gold and silver buyers?
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Full Answer

Typically, the best places to sell gold and silver are locally owned and operated dealers with personnel who specialize in valuating gold bars and coins. Legitimate companies have the proper equipment to measure and weigh gold accurately. Furthermore, reputable traders offer guidance and valuable information about selling precious metals.

To ensure the safe sale of precious metals, look online for complaints or high ratings. Avoid mailing any gold or silver coins, bars or bullion to a prospective buyer without first receiving a written guarantee that it will be returned. Know the value of the gold coins. Conduct research on websites such as ngccoin.com to find retail values and information about the items to have an accurate range of what to expect.

Realize that precious metals buyers need to make a profit, and understand that they pay slightly less than the full value of the items. However, good buyers offer the highest and most fair prices that they can.

The best practice entails shopping around for estimates and comparing offers, before accepting the highest one.

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