What percentage of spot would you accept?

[ochotona]

I'm trying to sell a few 1 oz bullion gold coins and was offered 4% below spot. That wasn't my expectation so I walked away. Is it possible to get 98% of spot or is that wishful thinking?

[dualstow]

Are they Eagles?

[ochotona]

I have Krugerrands, Maple Leaves, Aussie Kangaroos, US Mint Buffaloes, all 1 oz

[boglerdude]

So this a problem dealing with a lot of coins right? Every sale is a negotiation? In contrast ETFs just the expense ratio

Look like India is getting in https://old.reddit.com/r/mutualfunds/co ... ld_etf_or/

[seajay]

Here in the UK and one ounce legal tender (tax exempt) gold coins via my more regular dealership typically cost spot +1.5% (for 10 coin bundles), sell back (individually) for spot -1%. Bought/sold privately and often both parties are typically content to buy/sell at spot (so just the postage costs), suggest avoiding buying via eBay. Waxes/wanes though, you might get better deals according to supply/demand - that can vary between dealers (at times dealers might sell at spot (overloaded), buy at spot +1% (short supply/no stock)). Some dealers apply much wider spreads and still seem to do business (rip off the ignorant/desperate).

[pmbug]

Anecdotal reports that I've been seeing indicate that metals dealers are just starting to see retail buying for gold again. I think premiums will rise (for both buying and selling) in the near future (in a few months). $.02 FWIW.

Example:

[dualstow]

I use this page as a guideline (see ‘We Buy’ cell)
https://www.ajpm.com/gold-bullion/

I’ve never sold but I’d probably use APMEX if I ever did, because I buy from them.
Their spread is definitely worse than AJPM’s, so I’m setting myself up for disappointment.
But, maybe it’s better if I do a bunch of coins at once.

I don’t see a spot price on AJPM’s page like they used to have. At this moment, if I use Apmex’s spot price (which always used to look high compared to what AJPM displayed at the same time), then AJPM’s We Buy price for krugerrands looks to be about 2% less than spot.