Sell Gold, Silver and Platinum | The Royal Mint (2024)

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Ready to sell your Gold, Silver or Platinum? Book a call back today

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BUYBACK SERVICE

Sell Your Gold, Silver and Platinum

Through our easy, safe and secure online process, The Royal Mint will buy your bullion coins and bars at a competitive rate based on live precious metal prices.

REQUEST A QUOTE

Sell Gold, Silver and Platinum | The Royal Mint (1)

How it works

Sell Your Precious Metals With Confidence

Sell Gold, Silver and Platinum | The Royal Mint (2)

Get an Instant Quote

Complete the quotation form for the metal you wish to sell. Our team will aim to provide you with a quote within 24 hours*.

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Send Your Items

If you're happy with your quoted price, you will be sent next steps from our team via email, which will include how and where you'll need to send your bullion.

Sell Gold, Silver and Platinum | The Royal Mint (4)

Quality Inspection

Once The Royal Mint have received your items, their purity will be checked by our team of experts.

Sell Gold, Silver and Platinum | The Royal Mint (5)

Receive Funds

Once each item has been checked and approved, the funds will be sent to your Invest account within two working days.

*From the moment your items arrive with The Royal Mint for evaluation, it can take as little as five working days for funds to reach your Invest account.

We will only buy 22 carat and above gold coins and bars, as well as 999 and above fine silver and platinum coins and bars. We do not offer quotes for cutlery, jewellery or medals.

Request a Quote

Complete the quotation form below and one of our experienced team members will be in touch.

We will only provide a quote for bullion coins and bars using this service.

Frequently Asked Questions

Our valuations for buying bullion coins and bars are based on the precious metal content of the product and the live metal price at the time:

Gold

96% of the live gold price – LBMA AM or PM Fix

Silver

90% of the live silver price – LBMA Midday Fix

Platinum

90% of the live platinum price – LBMA AM or PM Fix

Yes, Sovereign coins are 22 carat gold. We will buy your Sovereigns back based on the London Bullion Market Association (LBMA) price when we receive your product.

Yes, at The Royal Mint we also buy gold, silver and platinum coins from other Mints, this includes South African Krugerrand coins, Austrian Philharmonic coins and Canadian Maple Leaf coins.

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© The Royal Mint Limited. The Royal Mint Limited whose registered office is at Llantrisant, Pontyclun, CF72 8YT, United Kingdom (registered in England and Wales No. 06964873).

Sell Gold, Silver and Platinum | The Royal Mint (2024)

FAQs

Can I sell my gold back to The Royal Mint? ›

If you have gold, silver or platinum bullion coins and bars to sell, The Royal Mint will offer you a competitive buy back rate based on live gold, silver or platinum prices. We will quote to buy your coins and bars at 98% of our current gold bid price if stored within The Vault™.

Does The Royal Mint buy silver? ›

For added flexibility, our buyback service means that you can sell your silver bullion back to us at any time.

Where is the best place to sell Royal Mint coins? ›

The Royal Mint's regular auctions provide a great opportunity to offer your coins to a large buying audience. Selling in a Royal Mint auction can help make sure you get a fair price for your coins while being confident they are going to a good new home.

How much gold or silver can I sell without reporting? ›

Let's debunk some misconceptions about precious metals reporting; it's not the gold or silver you're buying or selling that the government wants reported, but rather the cash transactions exceeding $10,000. If you pay in paper money, and it's over this threshold, that's when the IRS requires a Form 8300.

How can I sell my gold without getting ripped off? ›

To avoid scams when selling gold, deal with reputable buyers, understand the market value of your gold, get multiple offers and avoid high-pressure sales tactics. Always do thorough research and trust your instincts.

How do I convert gold back to cash? ›

Sell to a trusted gold buyer

You're most likely to get the best prices selling online, as these merchants have lower overhead and can thus offer better prices. You may also be able to find local bullion dealers in your area, in which case these dealers can also be a good option.

Is silver worth selling right now? ›

Market analysts currently predict that silver will soon price higher than gold. As consumer confidence increases after the Covid-19 lockdown protocols, silver consumption is expected to be sky high. Right now, the coming months will be the best time to sell your silver to maximize your profit.

What is silver selling for today? ›

Live Silver Spot Prices
Silver Spot PricesTodayChange
Silver Prices Per Ounce$27.21-0.18
Silver Prices Per Gram$0.87-0.01
Silver Prices Per Kilo$874.80-5.79

Is there a free app to scan coins for value? ›

Coin Identifier is a great tool for coin collectors or anyone who wants to learn more about different coins from around the world. The app is free and easy to use, so you can start identifying coins today!

How can I get the most money for my coin collection? ›

Your Local Coin Dealer

According to CoinCollector.org, neighborhood coin dealers often extend preferred rates that match or beat the best online prices, because they want to establish long-term relationships with local hobbyists. They can inspect your collection, assess its value and answer your questions face-to-face.

How do I sell my expensive coins? ›

Selling numismatic and collectible itema through an auction house is a popular choice for large coin collections that include many extremely rare coins. In fact, auction houses tend to be very successful in selling valuable coins, as they usually have many regular, affluent auction participants.

How does IRS know you sold gold? ›

When a consumer sells a reportable quantity of specific bullion or coins, precious metals dealers are required to file Form 1099-B with the IRS.

Does the IRS know when you sell gold? ›

Gold coins with fractional denominations, for instance, don't need to be reported. Also, sales of Gold or Silver American Eagle Coins aren't reportable events. To report the sale of these coins, dealers must file Form 1099-B with the IRS. This form is used to report gains or losses from these transactions.

Does the IRS know when you buy gold? ›

Purchasing precious metals is typically done with cash, money orders, or cashier's checks. The dealer must use IRS form 8300 to disclose the transaction if it exceeds $10,000.

Does US money Reserve buy back gold? ›

With U.S. Money Reserve's IRA Buyback Advantage, you'll never receive less than what you paid for your gold.

How much will I get for my gold? ›

Scrap Gold Prices
FinenessUp to per gramUp to per ounce
14ct£33.13£1030.46
18ct£42.63£1325.94
22ct£52.10£1620.49
24ct£56.84£1767.92
1 more row

Can I sell my gold back to apmex? ›

Ready to sell to APMEX? We make it easy to sell your Gold, Silver and other Precious Metals, from locking in your price to getting paid. Start the process today by requesting a quote online or giving us a call. The quicker you decide to sell, the quicker you can get paid.

Do you need receipt to sell gold? ›

Is a Proof of Ownership Necessary? It is recommended that you have your proof of ownership readily available. You should keep in mind that the price of jewelry is directly linked to the world gold prices. These prices are also linked to the prevailing exchange rates.

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