gold bullion
Last Post 31 Aug 2018 03:29 PM by WILLIAM HALL. 4 Replies.
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Scott LeidenbergerUser is Offline
Dredger
Dredger
Posts:92



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29 Aug 2018 03:25 PM

    Just wondering if you bought lets say a one ounce gold bar. It comes in it's own packaging .Would it lose value if you removed it from the packaging ?

    I think if you remove the packaging from a uncirculated mint coin it would lose some of it's value. Inquiring minds want to know.

    Scott

    LEO LORENZUser is Offline
    Lost Dutchman
    Lost Dutchman
    Posts:410



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    29 Aug 2018 06:01 PM
    I buy these metals and the dealer I get them from sells them for his premium markup and then if you were going to sell it.....it still gets the market price of the gold or silver minus his purchase commission/fee to buy. If the item doesnt have any serialized markings and specific name of the company that minted and it doesnt have the security packaging....then the metal is open to scrutiny by the potential buyer. But its still worth what the market price of the metal is on the day being sold. All brokers have differeing fee's for them to buy from you....so they will likely give you less than what they can buy it for from their wholesale dealers. Its always easier for "you" to buy.....but gets harder for "you" to sell at a price that you think its worth.
    Leo
    Scott LeidenbergerUser is Offline
    Dredger
    Dredger
    Posts:92



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    30 Aug 2018 04:13 PM

    Okay thanks Leo.  I kind of figured someone else would get a little piece of the pie also .

    Scott

    LEO LORENZUser is Offline
    Lost Dutchman
    Lost Dutchman
    Posts:410



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    30 Aug 2018 08:24 PM
    from what I have seen....the buyback premium they charge is much greater than the premium that you pay to buy
    Leo
    WILLIAM HALLUser is Offline
    Lost Dutchman
    Lost Dutchman
    Posts:437



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    31 Aug 2018 03:29 PM
    Not sure I know what I'm talking about but...

    It is may understanding, that if said gold is not a known mint (gov) that minted the coin it will need to be assayed as to it's real value
    Knowing that your referring to bullion essentially I would assume the same unless it has a non-entry packaging
    I would think the buyer would want an assay to determine value, taking their cut, buying or not
    Inquire with a couple reputable gold dealers, they would know
    Maybe

    Bill
    So much river....So little time....Get out there
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