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QUESTION RE: Selling Gold at a Coin Show

lope208lope208 Posts: 1,960 ✭✭
in Precious Metals
Just curious, I have never been to a major coin show and am hoping to attend the Philly show later this month.

I may want to sell 2 or 3 ounces of bullion/AGE's/First Spouses so I can buy something I really like image

Is it generally advisable to sell these sorts of items at a major show? Or should I take care of it ahead of time?

If so, who would you recommend as buying at the best prices?
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Comments

  • OnlyBuffalosOnlyBuffalos Posts: 817
    Based on my experience, dealers will pay $25 to $50 below face for gold bullion. It may be tough to get that much on these forums, especially when shipping costs are factored in. Your competition in many instances is Bing, Ebates, eBay bucks, credit card rebates, etc. which presently allow forum member participants to purchase gold below melt value on Ebay.









  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Man. $25 to $50 below face. You're gonna get screwed! image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • coynclectercoynclecter Posts: 2,111
    Ive sold at Long Beach. If you take a couple hours and ask around you will often get spot or so. Yeah, some buyers will only take them if they can flip them fast for a quick buck. In this market though many dealers have buyers at home willing to pay spot + and there is little inventory. Just shop around.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    The PCGS BST of course!!image
  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭


    << <i>Man. $25 to $50 below face. You're gonna get screwed! image >>



    I hope he meant melt value but he may have been refering to a typical B&M coin dealer.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Mission16Mission16 Posts: 1,413 ✭✭✭
    Find the bullion dealer(s) in the house. At Hot Springs last spring, I got $60 over spot for a few K-rands I had. BUT gold was hard to get then so it does depend on demand.
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