How to Sell Precious Metals
How do I sell my precious metals to AmeriGold?
Selling your items to us is easy. When you have decided to sell, just follow these simple steps.
- Call AmeriGold at (800) 574-0047 or 720 870-8021 and ask for our current quote, or buying price on the item(s) you wish to sell to us. Quoted prices do not include shipping costs back to AmeriGold. Sellers are required to pay shipping back to us. Please ask us about the best ways to do this when you call. It is very inexpensive to ship precious metals with insurance back to our depository.
- If you like the buy-back price, tell our representative to "Lock In" your transaction, and AmeriGold will cover your order in the market. Once you lock in the price, you will receive a purchase order number from AmeriGold.
- Once you have your P.O. number, we ask that you securely package your metals and send them to our depository within 24 hours via registered, insured delivery. Please include your name, address, phone and P.O. number on a piece of paper inside the package.
- When your package is received at our depository it is weighed and matched up to the P.O. number. Once verified, payment can be sent out within 24 hours in one of three ways. You can choose direct bank wire, overnight payment, or standard mail. The choice is yours.
Can I deliver my precious metals to you at your office in Colorado?
Yes, you can drop off your metals at our office during regular business hours Monday through Friday by pre-arranged appointment only. Please call our office to schedule an appointment at (720) 870-8021.
What products do you buy?
We are active market makers in all precious metals bullion coins and bars as well as numismatic items. Call for current buy prices. We do not deal in scrap metals.
What happens if I do not send in the precious metals, or want to cancel an order after a price has been locked in?
Your transaction will be automatically cancelled if we do not receive items within 7 business days. At that time, you may be liable for covering any market losses to AmeriGold if the buy price at that point is higher than the price you were quoted when you locked in. Please make sure you are going to follow through when you decide to sell so this is not an issue.
Do you have a minimum transaction amount when selling back to AmeriGold?
Yes, our minimum amount that we will purchase back from you is $5,000 worth of metals on one purchase order.
Do you accept trade-ins?
Yes, we are always looking for new inventory. There may also be significant tax benefits for you as well. Selling your assets that you may have purchased at higher levels to realize a capital loss and then purchasing a similar product although different enough to avoid the IRS wash sales rule will allow you to keep your position and possible realize a capital loss. Please consult your tax advisor before making any decisions on this issue.
Are there any other charges or hidden fees when selling precious metals to AmeriGold?
No, when you sell your items to us there are no hidden charges. The prices quoted are the prices we will pay.