Gold prices have dropped since its all-time high earlier this year, and experts expect rates to drop on the strong dollar and rising interest rates — the latter of which makes bonds more attractive investments, and the former makes gold purchases more expensive globally.
As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram.
That means if you’ve invested in gold bullion in the form of bars or coins — or inherited gold bullion from a family member — you may consider selling now before the price drops further — or, if you can, hold tight until prices rise again, likely next year.
If you're ready to sell now, our No. 1 recommendation for selling gold bullion and gold bars is CashforGoldUSA, which pays within 24 hours and has an A+ rating with the BBB.
Here's what you need to know about selling gold bullion:
- Best gold bullion and gold bar buyer
- Other gold bullion and gold bar buyers
- How to sell gold bullion and gold bars
- How much bullion gold is worth
Best gold bullion and gold bar buyer: CashforGoldUSA.com
CashforGoldUSA is our top choice for anyone looking to sell gold bullion to a fair and ethical buyer.
In addition to paying within 24 hours, CashforGoldUSA offers a 10% bonus if you ship your gold bullion within a week of receiving your mailer. No minimum weight or resale value.
This is my personal experience with CashforGoldUSA.
Other gold bullion and gold bars buyers
Here is a list of other gold bullion dealers:
- Liberty Gold and Silver
- Luriya
- Money Metals Exchange
- SellYourGold.com
- US Gold Buyers
- APMEX
- Kitco
- JM Bullion
- American Bullion
- Goldco Precious Metals
- Gold Geek
- Gold Guys
You can also search “gold bullion buyers near me” or “gold bars buyers” for lists of local gold buyers who can give you an estimate on your gold bullion.
Check out our exhaustive review of gold buyers. Here are all the reasons we put CashforGoldUSA at the top of our list:
- Excellent customer service, as reflected in their BBB A+ rating and TrustPilot 4/5 star rating, with prompt communication via text, phone, or email.
- Free door-to-door FedEx shipping
- Insurance with Lloyds of London up to $100,000.
- CashforGoldUSA is one of the oldest and largest online gold buyers, founded in 2005.
- 24-hour payment
CashforGoldUSA buys all types, weight and purity of gold of gold, including gold bars, gold jewelry, gold coins, dental scrap, and raw gold.
Their sister site, CashforSilverUSA specializes in silver bars, silver jewelry, silver coins, flatware, and silver scrap. Learn about the value of your silver and where to sell silver.
We also recommend the company's other sister site, DiamondsUSA, which buys loose diamonds as well as engagement rings and other fine jewelry.
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Selling gold bullion: How do I sell my gold bullion or gold bars?
The process to sell gold bullion or gold bars to any reputable gold bullion buyer typically works like this:
- Request a quote online through the gold bullion buyer. Gold bars and gold bullion are nearly always 24K gold, so you’ll likely be able to sell close to the market price of gold.
- The gold bullion buyer will likely send you a free FedEx or USPS mailer, along with a tracking number. Most buyers will insure your gold bullion up to a certain amount (CashforGoldUSA offers free Jewelers’ Mutual insurance up to $100,000 on each shipment, with your item being insured for that sum by Lloyds of London while at the facility).
- Within a few days of receipt, the gold bullion buyer should make you an offer, which you can accept or reject.
- A gold bullion buyer should then pay within 24 hours via PayPal or send a check overnight. CashforGoldUSA pays within 24 hours.
- A quality online gold buyer should also return your item for free via a trackable shipper if you reject the offer.
How much does gold bullion sell for?
Gold bullion typically sells for 90% to 95% of the current resale value of gold. In comparison, most gold buyers offer between 70% and 80% for gold jewelry and other gold items, which are not usually pure gold.
Is gold bullion easy to sell?
Selling gold bullion is no harder than selling any other gold item. You can get the melt value for your gold bullion with CashforGoldUSA's gold calculator, which is based on the current price of gold:
This calculator is for information purposes only and is not the amount you should expect to receive. It provides the highest melt value of your gold today, not an offer. Your offer will depend on your appraisal.
Note that the quality of your gold bullion may affect its price. If your gold bullion is stored in a protective covering, do not remove it. Touching or cleaning your gold bullion could lower its value.
Selling gold bars, as well as any gold coin, bullion or jewelry, is very easy as long as you identify a trustworthy partner. Again, our No. 1 recommendation for high payout and fast deposits is CashforGoldUSA, which we found to be the best to work with, pay the fastest, and pay the most than other online gold buyers as well as local jewelers or pawnshops.
Gold bullion and gold bar value
Gold bullion is recognized as being at least 99.5% pure and comes in the form of gold bars or ingots. Gold bullion is worth the spot price of gold.
How much is bullion gold worth?
Gold bullion — whether in bars or coins — is the price of 24K gold. Reputable gold bullion buyers will pay you close to the current price of gold, since the buyer stands to make money as the value of gold appreciates.
As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram.
You can learn how gold prices work in this post, what to do with dental scrap, as well as learn about the environmental benefits of recycling gold.
How much is a gold bullion coin worth?
Gold bullion coin is the same as gold bullion — simply in the shape of a coin instead of a bar. Again, current 24K prices apply.
How much is a gold bar worth?
A standard gold bar weighs 12.4 kilograms, which is equal to 400 troy ounces, or 27.4 pounds. In some cases, a 1-kilogram brick may be the standard (which is 32.15 troy ounces, or 2.2 pounds. However, a gold bar can be of any weight, including 1 gram or 1 ounce.
The value of a gold bar is the spot price of gold times its weight. For example, at a spot price of $1,644.95 per ounce (Sept. 30, 2022 price), a 1 troy ounce gold bar would be worth $1,644.95.
Bottom line: How to get the most cash for your gold bars and bullion
If you want to get the most cash for your gold bars and bullion, we recommend selling to CashforGoldUSA for a few reasons:
- Payouts within 24 hours
- Better Business Bureau A+ rating
- Insured up to $100,000 by Lloyds of London while held
- Price match guarantee
- Free return guarantee
- 10% bonus if you ship within 7 days
Get a quote with CashforGoldUSA now >>
The process to sell gold bullion to any reputable gold bullion buyer typically works like this: Request a quote online through the gold bullion buyer. Gold bars and gold bullion are nearly always 24K gold, so you’ll likely be able to sell close to the market price of gold. Make sure to get a written offer from a buyer.
Gold bullion, whether in bars or coins, is the price of 24K gold. Reputable gold bullion buyers will pay you close to the current price of gold, since the buyer stands to make money as the value of gold appreciates.
Gold bullion typically sells for 90% to 95% of the current resale value of gold. In comparison, most gold buyers offer between 70% and 80% for gold jewelry and other gold items, which are not usually pure gold.
Selling gold bullion is no harder than selling any other gold item. You can get an estimate on the price of your gold bullion gold calculator that is based on the current price of gold.
