Raw What obstacles have you encountered when selling your home-cast precious metals?

[Proffshuggarn]

Hi friends
I have noticed that it seems to be much easier to sell your refined and cast precious metal material on eBay and other sites, for example, than those here in Sweden where I live.

Overall, I feel that, -if there are no stamps, there will be no bids..
-And in order to get the stamps that certify that the item is of good quality, a set of regulations prevents me as a small-scale refiner from getting my items stamped the way registered jewelers can.
How do you do it?
Do you have any good suggestions? /Dennis

 

[Paul Mckenzie]

I used to sell to a place in Victoria ( AUS ) they would get a weight first then melt into a bar reweigh hit with a XRF laser . And pay cash on the spot price minus 10% . Couple years ago I arranged to take just over 10 ounces in & walked out with $31000 cash .

 

[Moneybox]

Here we can sell to the refinery so it will be melted down and analysed and you get paid on the gold content. If selling online I think it best to sell nuggets as they are dug from the ground and cleaned. Anything that has been melted can have unknown metals added so it's be a risky purchase.

 

[RockyMountainFan]

Hi friends
I have noticed that it seems to be much easier to sell your refined and cast precious metal material on eBay and other sites, for example, than those here in Sweden where I live.

Overall, I feel that, -if there are no stamps, there will be no bids..
-And in order to get the stamps that certify that the item is of good quality, a set of regulations prevents me as a small-scale refiner from getting my items stamped the way registered jewelers can.
How do you do it?
Do you have any good suggestions? /Dennis

Selling home-cast metals can be tricky. Maybe try getting them assayed and stamped by a recognized refiner. It might help with buyer trust. Also, networking with local collectors could open up some opportunities.

 

[RockyMountainFan]

Selling home-cast metals can be tricky. Maybe try getting them assayed and stamped by a recognized refiner. It might help with buyer trust. Also, networking with local collectors could open up some opportunities.

 

[ozboy]

Possibly agree to meet up at a local { and would need to be friendly} gold dealer who will let you use their XRF machine.

 

[SRM]

Selling home-cast metals can be tricky. Maybe try getting them assayed and stamped by a recognized refiner. It might help with buyer trust. Also, networking with local collectors could open up some opportunities.

Back when I worked in Leadville, I would take gold buttons down to Colorado Assaying on Broadway. The old guy would drill, stamp and assay each button and the pawnshop would pay based on his assay.

 

[Madtuna]

I’ll only sell home cast stuff to a refinery like P.W. Beck in Adelaide. This is just smelted crushing and fine gold, stuff most buyers/collectors aren’t interested in.

Nuggets I sell to people usually at spot or a touch less for smaller stuff or spot+ for larger or unique pieces.

The only problems I’ve ever had is the occasional tosspot buyer wanting to rip you off and you just tell them to bite a big one and move on to the next one.

In general though, next to zero problems shifting gold. Unless using a refinery, nuggets are always easier to move on over smelted buttons or bars.

 

[Tyck]

I’ll only sell home cast stuff to a refinery like P.W. Beck in Adelaide. This is just smelted crushing and fine gold, stuff most buyers/collectors aren’t interested in.

Nuggets I sell to people usually at spot or a touch less for smaller stuff or spot+ for larger or unique pieces.

The only problems I’ve ever had is the occasional tosspot buyer wanting to rip you off and you just tell them to bite a big one and move on to the next one.

In general though, next to zero problems shifting gold. Unless using a refinery, nuggets are always easier to move on over smelted buttons or bars.

The guy I met at pawn shop offered me $480 (said he couldn't and wouldn't go any higher than that offer) for 29.6 grams of stamped 14k scrap gold. The scrap it calculator estimated value around $1600 or so. Of course I declined the offer, now I'm leery of pawn shops. Never crossed my mind to tell him to "bite the big one", I just politely left.

 

[LowdownNChemy]

Where I live in Rochester New York there is only one place to bring precious metals. The jewelry and coin exchange (local store). It's literally the store local pawn shops and random places with cash for gold signs will resell your pm. The two stores I used to frequent who will match anybody's price cannot match their price. They've never tried subtracting weight from your sale (gemstones on jewelry, porcelain handles on teapots), nor have they paid me using spot price per gram while weighing Troy grams or dwarts. It's been a while but I'm pretty sure they give you 80% of spot value for normal precious metals so they have plenty of wiggle room they don't need to nickel and dime you...
To the point they buy bullion at 98% of spot value.
And they buy my gold and silver buttons (always over 98% pure by their xrf) at bullion pricing.