What is the cheapest way to sell my American Eagle gold coins?

April 7, 2011 by · 1 Comment
Filed under: Collecting Gold Eagles 

Question by RB: What is the cheapest way to sell my American Eagle gold coins?
I have 10 one ounce 2008 American Gold Eagle gold coins that I want to sell.

I could go to the broker I bought it from, but he charges 3% commission.

Are there anywhere else that I can sell it for cheaper commission?

Best answer:

Answer by T.J.
You need to call around to several coin shops in your area.

Bullion coins are in demand now. You should be able to get spot or above.

I sold some last week for $ 10 over spot. The current spot price is about $ 1,345, but changes throughout the day. I would not take less than spot. Call around and see who is paying the most, I would stay away from a broker. That sounds like a ripoff. Do a google search for "gold bullion + your city". The local coin shops pay the most. The spot price may go up or down by the time you drive over to the shop, but at least you know who is paying the most over spot.

Know better? Leave your own answer in the comments!

Tags: , , , , ,