Top Tips for Verifying a Buyer Before Selling Gold
Selling gold bars without vetting the buyer can lead to underpayment, scams, or delayed transactions. Whether you're selling locally or online, take steps to confirm you're dealing with a reputable party.
Use these tips:
- Request buyer information – A legitimate buyer should have a verifiable name, contact details, and business background.
- Check for customer reviews or ratings – Look for honest feedback across multiple platforms.
- Ask how they calculate offers – A reliable buyer will explain how pricing is determined and what factors impact your payout.
- Confirm payment methods – Choose secure, traceable options like bank transfers or checks, not cash-only deals.
- Look for clear documentation – Invoices, contracts, and receipts protect both parties during the transaction.
Selling to someone you’ve never worked with before? Start with a small transaction or meet in a safe, public location. Trusted buyers don’t hesitate to explain their process or address your concerns. Taking time to research your buyer can help you avoid issues and get a fair result.