What's the best way to sell gold coins?

[brandon]

Ebay seems a popular way to go, but Ebay and Paypal both take out big cuts of your profit.

What's a good easy way to get close to spot value for gold coins?

[Pennsylvania]

I know Apmex buys coins and their listed buy prices are usually reasonable, but I don't know if there are any additional costs incurred by the seller, other than shipping.

[RileyE104]

Just go talk to a dealer at your closest coin shop... NOT PAWN SHOP!

My dealer usually offers good prices, both for sale and resale.

Sometimes he offers to buy back for a little MORE than it's worth.

It all depends on how bad the dealer needs the gold.

[Rocket80]

In this thread? craigslist?

[MikeStanart]

In this thread? craigslist?

Yeah, this thread / community would be a great place to start. Maybe a Liberty Trade Post?

[Dr.3D]

Trading them for dollars to someone who wants to buy gold is the best way. You avoid the middleman.

[tjeffersonsghost]

The best way is to sell them to me for $750 each :)

[JamesButabi]

What coins / how much :)

[Bruno]

The best way is to sell them to me for $750 each :)

I'll buy them for $800! :p

[Dr.3D]

I'll buy them for $800! :p

LOL, he didn't say what size they were. I'll sell you some 1/10th ounce coins for $800 each. :p

But really, this looks like the way it should be done..... take bids to see who will give you the best offer and if you like the highest bid, then sell them.

[tjeffersonsghost]

I'll buy them for $800! :p

Grrrrr :)

[Danke]

LOL, he didn't say what size they were. I'll sell you some 1/10th ounce coins for $800 each. :p



Deal! Delivery of the gold this month, and I'll pay you in the year 2099.

[pcosmar]

Trading them for dollars to someone who wants to buy gold is the best way. You avoid the middleman.

:confused:
Not sure why you would want to do that.

Trade them for Guns and Butter. or whatever it is that you need.
Car or side of beef, whatever goods or services.
Why would you trade them for worthless paper. and then pay tax on it??

[Dr.3D]

:confused:
Not sure why you would want to do that.

Trade them for Guns and Butter. or whatever it is that you need.
Car or side of beef, whatever goods or services.
Why would you trade them for worthless paper. and then pay tax on it??

True... but he did say sell, not trade.

[Bruno]

LOL, he didn't say what size they were. I'll sell you some 1/10th ounce coins for $800 each. :p

But really, this looks like the way it should be done..... take bids to see who will give you the best offer and if you like the highest bid, then sell them.

True. I was hoping they were 5/oz. bars. :D

[pcosmar]

True... but he did say sell, not trade.

:) semantics.

[Dr.3D]

:) semantics.

Yeah... I know there are a lot of anti-semantic people around here. LOL :D

[ARealConservative]

:confused:
Not sure why you would want to do that.

Trade them for Guns and Butter. or whatever it is that you need.
Car or side of beef, whatever goods or services.
Why would you trade them for worthless paper. and then pay tax on it??

trades of PM's for physical goods are just as taxable as selling for cash.

but who is reporting the transaction for taxing purposes anyway?

[erowe1]

Trade them for Guns and Butter. or whatever it is that you need.
Car or side of beef, whatever goods or services.
Why would you trade them for worthless paper. and then pay tax on it??

If you can trade them for something you really need and you can get more than what you could buy for the spot value of the gold in cash, then that's a good idea. Otherwise, cash makes more sense. And I don't see any reason to assume someone would necessarily report their capital gains on that. Although if they do feel like they have to, then the same principle would apply only using spot minus capital gains taxes.

[newyearsrevolution08]

trade for dollars, that is just funny to read

people are buying gold to get away from that paper mess

if anything local is the best way to do it BUT I would hold onto it especially during this day and age.

[ARealConservative]

trade for dollars, that is just funny to read

people are buying gold to get away from that paper mess

if anything local is the best way to do it BUT I would hold onto it especially during this day and age.

no, people are holding gold to mitigate inflation, not to abandon the most commonly used commodity in a transaction - paper money