Questions Before Selling Your First Gold Bar
Selling gold bars for the first time can feel overwhelming. Knowing what to ask upfront ensures you're getting a fair deal and working with someone who values transparency. A little preparation can make a big difference in the experience.
Key questions to ask include:
- How do you determine the offer price? – Find out whether they base offers on spot price, weight, or brand.
- Do you offer same-day payment? – Some buyers provide fast payment, while others may delay processing.
- Are there any deductions or fees? – Clarify if storage, handling, or verification fees will apply.
- What documentation do you need? – Know whether ID, purchase receipts, or certificates are required.
- Can I review the quote before committing? – A legitimate dealer will allow you time to consider the offer.
Getting these answers early on helps avoid confusion and ensures you’re making a decision you’re comfortable with.