2006-08-23 17:38:59 · 11 answers · asked by mtphellas1 2 in Business & Finance ➔ Investing
Gold bars(Bullion) are 99.99% pure. The people who buy bullion or coins(minted coins do Not have to be pure) are usually dealers, pawn shops or private collectors.
When dealing with them make sure you know the price per ounce on the day you deal with them.
When you say "gold nuggets", I assume you are referring to gold that has been panned or mined. This type of gold is Not always pure and may need "smelting" before it can be used. You will need to have those nuggets assayed for purity. It is almost always cheaper then pure gold because it requires refining.
PS: Contrary to what some people on this board have said, banks Do NOT accept gold!
2006-08-23 18:41:11 · answer #1 · answered by thart090 3 · 2⤊ 0⤋
If you can prove that you got it legally, just go to a preferably foreign bank.Because they may ask you where did you get it, and if they are not happy with your answer, you will soon seen "flashing ligths" and sirens around you.
Most pawnshop would gladly help you, but remember that pawnshop really its a place that you get cash in exchange for a security, eg; anything of value, that, in the event that you cannot pay back, they will assert ownership and they will sell it or keep themselves for their own investment portfolio. So you will not get the full value for it.
Jewellers ussualy buy amounts to make, pardon the pun, jewells, and they have a good idea of the current value.
Ebay and other net places maybe worth the try, but...... don't let the goods out of your hands, UNLESS the cash it's in your pocket.
Also depends where in the world are you....
2006-08-23 18:08:50 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Okay I'm not sure, but there might be a law on possession or the amount a person can posses in the us. Also I would think the quality of the gold and quantity you have determine who you go to sell it to
2006-08-23 17:45:43 · answer #3 · answered by lookaround 2 · 0⤊ 1⤋
look in the yellow pages under precious metels and coins. be vary careful who you talk to people would kill you to get the gold don't let any one know it is if you can put it in a safety deposit box at a bank give out no phone numbers or your address to any one i'm serious people would pop a cap in you to get this good luck
2006-08-23 17:46:08 · answer #4 · answered by dalecollins64 4 · 1⤊ 0⤋
Don't go to the Pawn shop!!! Banks don't accept metals unless they are current coinage. My dad goes through private dealers that do metal exchange.
2006-08-27 07:52:39 · answer #5 · answered by rainysnana 4 · 0⤊ 0⤋
if you have a gold bar, go to a bank. nuggets? I guess it depends how big the nugget is, if it is substantial, go to a bank
2006-08-23 17:48:55 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Banks
2006-08-23 17:44:50 · answer #7 · answered by Anonymous · 0⤊ 2⤋
Pawn shop. That's what they do in the movies. =)
When it's not stolen, people might just take it to a bank, they'd love to take it off your hands, if you both know the current value. So do that.
2006-08-23 17:41:31 · answer #8 · answered by Benanen 3 · 0⤊ 1⤋
Ebay
2006-08-23 17:41:26 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Get to a jewellery store, a big one where they do their own rings and necklaces. Don't go to a pawnshop, they'll give you less than the real worth to make some middle man money. You can try banks as well. Personally I dislike banks. They lend $ to people who do not need $ and refuse to lend $ to people who need it.
2006-08-23 18:40:57 · answer #10 · answered by Baby_Apocalypse 4 · 0⤊ 3⤋