How To Sell Gold: Selling Gold Coins and Bars, and Where to Sell Gold

Gold is an investment that's both tangible and liquid. You can hold it in your hands and buy or sell gold with great ease. People often think that gold shares are shares of gold itself, but if you buy and sell gold stocks, you're actually buying and selling shares in a gold mining company as opposed to selling gold.

There are several forms of gold investment - gold bars, gold coins, even certificates of ownership. The standard price of gold is set twice daily by the Gold Fixing of London.

This is a very treacherous time for gold investing, and you must weigh all options and seek as much professional advice as possible in order to emerge on top. It won't be hard for you to sell gold today, but should you hold on for a bit longer? Will the demand rise even higher? Gold investing, like all other forms, is complicated and filled with debate. For gold investment and advice on gold trading in the form of stocks, I strongly recommend MasterTrader. You can learn all about gold stocks and how to assess the current gold stock prices.

But you're wondering, 'When should I sell my gold, and what's the best way to sell gold, anyway?' Let's get started.

1. The ease with which you can sell gold will depend largely on how easily the content of pure gold can be determined in the bar or gold coin in your possession. This is one reason why gold bullion has become so popular for gold investing. People are able to sell gold better as coins because the quality and quantity of pure gold coins is guaranteed. This guarantee makes it easy to sell gold to dealers around the world. All dealers will be familiar with the current value of gold. So if you are selling gold coins, you are in a very good position.
2. By contrast, if you try to sell gold that has been "hidden" (the marks deliberately pounded out of the gold bar, rendering it difficult to trace conventionally), you'll find it more difficult because its authenticity and value is harder to establish. But this is true in general when trying to sell gold in the form of bars, as compared to selling gold coins. Contact multiple gold dealers in order to get a fair price when selling gold bars.

   In some developing areas of the world, however, selling gold will be easier as a bar, as the pure gold of a bar can easily be turned into jewelry. While gold bullion like the American Eagle gold coins has a guaranteed amount of gold, they may also contain small alloy amounts that make the coins less malleable, and therefore less valuable to some buyers in those parts of the world.