GoldQuestions
Selling gold to a dealer
Selling gold involves identity checks, product checks, quote timing, spread, and settlement terms.
Last reviewed: 2026-06-01
How dealer quotes work
A gold dealer quote usually starts with the live market price and then adjusts for product type, purity, weight, condition, recognition, and the dealer margin. Recognised bullion coins and bars with clear paperwork are typically easier to quote than obscure, damaged, or poorly documented items. Quotes may expire quickly because the gold price moves. A seller should check whether the quoted price is locked, provisional, or subject to inspection.
Checks before sending or visiting
Practical details matter. A seller should understand postage requirements, insurance level, who carries transit risk, whether in-person sale is available, how identity checks work, and how quickly settlement is made. If a dealer inspects the item and changes the quote, the seller should know whether return postage is charged. For larger values, comparing more than one reputable dealer can help reveal whether a quote is unusually wide. Matching the quote to the exact item avoids confusing bullion, scrap, and collectable pricing.
Paperwork and product condition
Invoices, serial numbers, assay packaging, coin capsules, photographs, and purchase records can all help the process. Damaged packaging does not necessarily remove gold content, but it can create extra verification work and affect dealer confidence. Jewellery, scrap, collectable coins, and bullion are often priced differently. Sellers should not assume a headline gold price applies directly to every item they own. It is also useful to keep a written note of the quote time, spot reference, dealer name, product description, and any deduction explained by the dealer.
Key points
Dealer quotes depend on live price, product type, recognition, condition, spread, and inspection. Quote expiry and settlement timing should be clear before posting or handing over metal. Identification checks may apply. Good records usually make resale smoother. This site does not recommend or rank dealers. A careful seller should also keep copies of every quote and settlement confirmation so the final payment can be reconciled against the agreed terms.
Educational disclaimer
This guide is educational only and is not financial, investment, tax, legal, or personal advice.
FAQs
Will every dealer pay the same price?
No. Buyback pricing and policies vary.
Do I need identification?
Dealers may require identity checks, especially for regulated or anti-money-laundering reasons.
Does this site recommend a dealer?
No. This site explains comparison factors but does not recommend specific dealers.
Should I accept the first gold buyback quote?
Not automatically. For meaningful values, comparing reputable dealers and understanding fees, postage, insurance, and settlement terms is sensible.