Precious Metals Where to sold gold?

Discussion in 'Other Asset Classes' started by GreenTreeFrog, 5th Mar, 2020.

Join Australia's most dynamic and respected property investment community
  1. GreenTreeFrog

    GreenTreeFrog Well-Known Member

    Joined:
    21st Oct, 2015
    Posts:
    189
    Location:
    Sydney
    I have a gold bar weighing 35 grams that, would you believe, I won in a chip packet 20 years ago! I would like to know the best place to sell it for the best price? I am in Sydney. Thanks!
     

    Attached Files:

  2. Guest

    Guest Guest

    Very cool @GreenTreeFrog. You will probably only get 10% below spot from a bullion dealer as it doesn't meet spec to be GST free. I expect you would get spot price or higher in a private sale (so around $1045+).

    You could try selling privately on: https://www.silverstackers.com

    Does it come with any certificate of authenticity or the original letter? What is on the other side of the bar?
     
  3. GreenTreeFrog

    GreenTreeFrog Well-Known Member

    Joined:
    21st Oct, 2015
    Posts:
    189
    Location:
    Sydney
    No certificate of authenticity and the other side is blank. Thanks for the tips.