Bullion buyer center
Selling bullion: bids, spreads, settlement, and records
Plan how to compare bids, prove authenticity, ship securely, settle payment, and calculate the full round-trip spread.
What changed
The sale workflow now calls for written same-day bids that identify quantity, condition assumptions, fees, payment method, and quote expiry.
Why it matters
Highly recognized products may attract more bidders, while unusual sizes or damaged packaging can narrow the market. Tax and reporting rules depend on facts and jurisdiction.
- Request at least three net bids.
- Ask what can change after inspection.
- Insure shipment for the applicable risk.
- Retain acquisition and sale records.
Historical context
Precious-metals markets mix a globally traded raw material, manufactured investment products, and retail distribution. The price of the metal and the price a buyer actually pays can therefore diverge for long periods.
What could change the conclusion
The highest headline bid may not produce the highest net proceeds if it includes longer settlement, extra fees, or more restrictive inspection terms.
Reproducible by design
Methodology and limitations
- Net proceeds = dealer payment − all seller-paid costs.
- Round-trip spread = original all-in cost − net proceeds.
- Calculate annualized return only after including dates and costs.
Educational information only. GoldKnows does not provide individualized investment, tax, legal, appraisal, custody, or trading advice.
Evidence ledger