Selling gold bars may seem straightforward, but there are risks if you're unfamiliar with how pricing and authentication work. Buyers who don’t specialize in gold often offer far below market value. Knowing what to expect helps you avoid costly mistakes.

Start by taking the following steps:

• Check the current spot price – Gold prices change daily. Know the day’s rate before speaking to a buyer.
• Identify purity and weight – Most bars are 24-karat with 99.5% or higher purity. Weight affects total value.
• Look for serial numbers and stamps – These markings prove authenticity and are essential during resale.
• Get multiple quotes – Compare offers from different buyers before committing to a sale.
• Use secure payment methods – Choose trusted buyers who offer documented transactions and safe payment options.

A rare coin dealer Jersey City sellers often consult may also deal in bullion and help confirm fair pricing. Selling without expert help leaves room for lowball offers, counterfeit risks, or payment delays. Taking time to prepare leads to better outcomes.

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