Selling Gold

[@DanielDiaz11]

Great topic! Also consider that "you" might not intend to ever sell, but your loved ones just might after your gone! Make it easier for them and help them get maximum profits by leaving them a highly liquid coin.

[@2is1gold]

Absolutely. It’s definitely one of my top priorities and now I feel dumb for not mentioning it! 😂

[@johndunbar2393]

This will sound harsh and make me sound like a jerk maybe, but I think some folks are naive to think they will never have to sell (I used to be one myself). I swore I'd never sell anything, ever. I was going to wait for it all to break out and go to the moon! Well, unfortunately, life happened and I found myself unable to work for awhile, due to an injury. Long story short, I'm glad I had gold and silver that people wanted, instead of "happy birthday" silver bars and the like. It got me through my down time and the last thing I needed at the time was the hassle of trying to sell stuff people didn't want, or stuff they'd only buy, at a loss to me. Just found your channel and have been enjoying several videos each evening. You have an interesting, yet logical, common sense approach to gold and I can appreciate that. Thanks for the videos.

[@2is1gold]

Hi, John! Thanks for that. Your case is one everybody should consider. That's why I think gold is so important. It could be a downturn, and emergency or an opportunity. Having gold available is a huge help, and you're right. You don't want to have to sell over eBay because you have random items in a quick need. Take care!

[@jamesrevell6475]

I've sold twice. The first time I sold was to LCS and got 70% spot. They required my complete life history and documentation. I was desperate. The second time, still desperate, I sold to a local jeweler that supplied the dentists in my area with gold for dental procedures. He was a very nice old man that recently passed away. He gave me 100% spot with no questions asked.

[@2is1gold]

James Revell oof. 70%! That’s kind of a bastard thing for them to pull.

[@honalexsimba]

Do do you buy gold I have nuggets

[@TheBooban]

@@2is1gold how is a dealer supposed to make profit if he doesn’t buy under spot and sell over spot? The large internet dealers can have a lower spread, but the cost of shipping will wipe out that difference. And I’m not putting my gold coins in an envelope, no way.

[@BeeBee514]

@@TheBooban guess it depends on where you are. If you’re in an area that’s relatively affluent or well off, 70% spot is kinda shit, you likely make money. My LCS has given my grandparents and parents on average about 85% spot, with some time’s coming close to 95% when they’ve been in high demand for gold.

[@skepticcontrarian7477]

Selling and having an exit strategy is something everyone in PM's should seriously consider and plan for. Until you try to sell, you have not chalked up the full experience of what it is to be a stacker. Only then will you know how to fully plan your purchases and your reasons for that particular purchase. Never sold any of my gold but started selling silver recently. Good luck to all stackers. Great vid.

[@2is1gold]

Thank you, and I agree. It’ll change your mindset on how you buy. Cheers!

[@goldengun9970]

Great to hear from someone who has experienced both selling small amounts and larger amounts. I think your super smart being so disciplined with your eagles

[@2is1gold]

Golden Gun well, thanks. I’ve flipped a few coins over the years, but I’ve found it to be tedious (because I’m not good at it). I definitely recognize and appreciate the semi-numismatic market. I’m probably just too lazy to play the flipping game. 😂

[@goldengun9970]

@@2is1gold yeah the flipping game is a dif level of selling and organisation. So far i have just sold a few things for about the same price i bought it just to build up my seller's rep on the local forum and to experience it

[@2is1gold]

Golden Gun I haven’t been flipping recently. The game has changed for sure, and I can barely bring myself to package up an Amazon return these days! 🤣

[@karenmickel6205]

Thank you so much for keeping it 100. Everyone talks about buying but not selling. I'm just as interested in selling as buying. That's the balance. So thank you. You have earned my subscription.

[@2is1gold]

Cheers!

[@jpdurr]

Moral of the story, Gold is not always Gold. US/Canada Bullion, is what you should have as the Bulk of your stack in N. America

[@2is1gold]

Absolutely. Everyone can buy what they like best, of course, but I wish I would started out that way.

[@SalivateMetal]

For collectors like me, it's tough to think about selling gold. But, liquidity is certainly important if you need to sell fast as you mentioned.

[@2is1gold]

Yeah I try to be a realist about it and make it work for me rather than the other way around. Both times I sold gold, I was able to grab something higher on the pyramid and never had to sell it all. It was still a little painful, but I can get it back. Cheers!

[@marlo2853]

@@2is1gold so for how much less the LCS buy your American Eagle gold coin back ?

[@unitedstatesdale]

Great post. Your right. My favorite part of stacking is the fact Im not blowing it on junk . Great way to save

[@2is1gold]

🤜🤛

[@notconvinced2204]

This is the most useful video on buying gold that I've watched so far. I have a lot to consider, and Im glad that I came across your channel before buying too much. I think that it makes sense to want to buy a bunch of unique coins that stand out, but if Im going to do that in the future, Im going to make sure it's something that I want to keep for myself because I personally like it. In fact, I think that Im getting into the mentality of collecting more so than stacking.

[@2is1gold]

Thanks, and good luck!

[@jbell7232]

This was very informative as I’m just getting started w gold. Thank you.

[@2is1gold]

Glad it helped. Good luck!

[@SilverBritches]

I don't normally talk about selling gold because I don't want to 😂🤣

[@2is1gold]

Don’t want to sell or talk about selling?

[@SilverBritches]

@@2is1gold I don't want to sell it.

[@2is1gold]

Ha! Of course not! Nobody does. Unless it can help you with an opportunity or a tragedy. It’s painful, but, man, if it can save you stress it’s worth it! Especially if you don’t have to sell it all. 😁

[@Emperor-Wild-Man]

If one stack gold, and don't want to sell it, or don't have to sell it, then you can take the stack to your grave. Realistically, the stack will be passed on to one's heirs, who now have a stack of cumbersome precious metal. I will assure you that they will liquidate that stack as quickly as possible and not caring if they get "top" dollars or not, because they are simply looking for the immediate spendable "free cash" after an inheritance.

[@mapleleafmetals814]

A couple small things about this most of which i agree with. The LMU was not a standard currency it was a standard gold weight in the currency or coinage of the day 5.8 grams. There were lots of different countries that had different coins but they all had 5.8 grams of gold so if you traded your roosters for Swiss francs or Italian Lira you got the same value in gold thus stopping the worries of traders trading into different coinage around Europe. Also and I know I have commented like this before it depends on where you live. In Europe those LMU coins are traded just like Eagles for yourself and Maples for myself. I also Agree that everyone should try selling just once to see how it feels you might be surprised what you learn. I know i have learned way more selling than buying in both metals. More useful information as usual great vid. PS I always hang around to the end

[@2is1gold]

I must not have explained the LMU well. It was the Union that created an interchangeable standard, not a currency itself. Check! If you read about Sovereigns and LMU coins like I did early on, you'd think they were incredibly popular (which they are). But, I didn't dive deep enough to know the popularity was regional. Thanks for watching. Thanks for pointing out my drifting.

[@Frogget666]

Starting to realise how lucky I am to live in Perth and have the Perth mint right around the corner, they never say no and the price is always public.

[@2is1gold]

Very lucky!

[@calebdoner]

Selling is the #1 thing people need to be thinking about when buying. What's the point of having something "valuable" that can't be turned into cash?

[@2is1gold]

Agreed!

[@jacobwhealton492]

my local LCS wasnt interested in my Generic fractional bars (pamp, valcambi, etc.) been stacking eagles since

[@2is1gold]

Good plan. Timing probably plays in, but shop owners can be finicky. Cheers!

[@isaiasrivera8737]

That’s why gold jewelry 18k and 24k is better than coins because you can either find a buyer or get the scrap Value your not stuck with just finding a buyer

[@EmpirePreciousMetals]

Wow, 2 is 1, thank you so much for the kind words and shoutout. PEW PEW buddy.

[@2is1gold]

🙇

[@victorfrankenstein50202]

You are absolutely correct. The “Gold is Gold”, and “Silver is Silver”, is a bunch of bullshit. Dealers want one of three things...American Gold Eagles, Gold Buffaloes, American Silver Eagles, and now-mint generics. All things that are easy to resell for a quick profit. They’ll buy your junk silver, and Morgans & Peace Dollars, but for very low cost (most of the time), so they can offer them cheaply.

[@2is1gold]

I definitely went through a phase of buying what I wanted rather than what made sense, but I’ll never understand buying only for weight.

[@44Mag]

I guess I am very fortunate. My primary LCS will buy large amounts of metals. I have sold 6 ounce of gold to him at one time, and I am aware of them buying 20 ounces at a single purchase. They say they will buy any amount someone brings in. (They also say if you are selling a very large amount and want cash, you need to give them 48 hours notice to bring in the paper money. They will write a company check on the spot though, so you don't have to wait if the customer prefers. - Not sure what they consider a "very large amount", but I'm guessing more than 30 ounces, since I know they have bought 25 ounces before) - I also sold them about 500oz of silver back when it went over $18, and they didn't blink at all.... Of course, they only pay spot on most, but they will add an extra 4%-5% for ASE and AGE coins. (depending on their inventory I think) I have only sold gold once, and that was earlier this year. I sold that 6 ounces to cover the cash shortage I had when I bought the wife her new car. (Did not want a payment) Looking back on it, I think that was a mistake though....I could have taken a zero interest loan on the shortage, and kept my 6 ounces....Perhaps prices would have gone up more over say a 36 month loan, and I could have replaced the money I would spend on the monthly payments with the higher price of gold three years from now. (thereby decreasing the actual amount I had to spend in cash in the long run) - If I could get in the way-back machine, I think that is what I would do.... I have recently decided to stick with American Gold Eagles exclusively....I am working towards filling a mint tube of the 1/10oz AGE's (50 coins for 5oz) and that will be all the fractional I will buy. (I recently traded all my other fractional gold for 1oz coins and besides finishing off the 1/10oz tube, the 1oz AGE coins is all I will ever buy for stacking going forward. - I would buy the occasional other random coin as a beauty/keepsake items, but they would not be counted towards my primary stacking..... Cheers...

[@2is1gold]

All three of my primary LCS options will buy large amounts or help broker the deal. I consider myself fortunate for that as well. I’d hate to have to ship something off in a big sale. Cheers!

[@firearmsstudent]

I think the bigger mistake was buying that new car!

[@44Mag]

@@firearmsstudent Trust me, the cost of a new car to keep the wife happy is WAY, WAY cheaper than the alternative! - hahaha My mental health bill alone would likely be triple that cost! 🤣

[@dannystephenson4197]

If you have the clear title to the car, you have what I call peace of mind. Just put the payment money back in gold or bank acct and Press on.

[@CashAndCoinsYT]

It's not a downer man... You speak the truth. Thanks buddy for another great vid!

[@2is1gold]

Thank you, sir!

[@marcogarcia304]

Yes in deed, I like your advice, I already ran into a couple of issues w/ trying to use Goldbacks.

[@gblargg]

1:14 This guy gets it. Flip that Maple over so you can see the pretty side.

[@SlickCat]

I really think of Gold as securing your savings, not so much as making profit unless the Dollar crashes or something bad like a depression comes along.

[@2is1gold]

It grows slowly. I don’t think of it as a profit engine. Cheers!

[@djpotts2554]

Do you feel that Buffalos would be just as easy to sell as Eagle?

[@2is1gold]

Nearly.

[@joethebassplayer]

I appreciate the honest appraisal and sharing of your experiences... I am not as informed about PMs as you and I wouldn't want to assert my plan over your actual experience. Please keep sharing as I would prefer the truth.

[@2is1gold]

Thanks, Joe!

[@dudewhathappenedtomycountr9099]

Someone commented elsewhere that he avoids having money in the bank by redeeming his gold through a gold exchange. He has the proceeds loaded onto a prepaid card. Any idea how he does this?

[@VeronicaRussek]

Great topic! That is why I stack vintage Pesos, being in Mexico, coin and bullion shops just scoop them up, no minimums, no hassle. There are no published price lists for any other coins such as Maples or AGEs, or European, they will buy them for the gold content at melt value, I'm afraid. Published Pesos price lists are widely published and updated through the day.

[@2is1gold]

Yeah, I’d stack Pesos all day if I lived there. Every time I’m in MX (Quintana Roo) I think I’m going to find a place that sells them, but I have yet to find one. Thanks for watching!

[@johnspaans1132]

The American market must be very strange, I live in the UK and any gold is very easy to sell, however I always avoid high premium gold.

[@2is1gold]

US gold market for the last two years has been much different than the prior six.

[@bdw4827]

Thank you. Seriuosly. I have been buying some Coin Coins since 2014. While I have never sold any yet I have always woudered how and what mugt happen on that day I do try and sell. This was helpful. All my gold is in .five nines Maple Leafs as I beleive that is such a beautiful coin. I hope it is sellable when that day come!

[@2is1gold]

You won't have any trouble selling those. They're beautiful coins (and very well-known). Five nines would get you more with certain buyers. Cheers!

[@vmotta88]

Thank you for info.. i'm new and trying to reduce my learning curve as much as I can and your take and experience are invaluable.

[@2is1gold]

Thanks for the comment, and good luck!

[@vmotta88]

@@2is1gold if you ever have some free time maybe you can reach out on IG .. i would love to pick your brain in regards to selling for real estate which is exactly what my goal is.. my IG is @mottavated

[@snarky_user]

Yes, far easier to sell popular design formats to coin dealers who will be looking to re-sell them over the counter. But that doesn't mean that your percentage spread between buying premium and selling discount on the various options is any different. Now you know that you probably could have (should have) bought those roosters at about spot. You didn't know that when the dealer sold them to you; and he certainly had no desire to tell you. Anyway, your ultimate goal is to make a profit -in real dollar terms - on the holding of gold over time. If you think this is valid strategy, then you should expect the price increase to be substantial enough to make your premiums irrelevant. If you're just short term trading on $200 moves, then you're a fool.

[@2is1gold]

Yeah, I agree. I was looking for the snark but couldn't find any! 😅

[@VerticalStacker]

I try not to overthink it too much since I’m a long hold guy, but you make some good points. I think the premium you get back is determined by how quickly you want/need to sell. I’ve sold a bit of gold on FB groups recently and recovered every bit of premium I paid for the original gold, and these weren’t AGE but bars. Same thing on Instagram. Folks need to experiment selling some smaller pieces to see what the market does (not that it’s a constant) so they can be prepared to sell them when they really need to. Nice job on the video.

[@2is1gold]

Vertical Stacker thank you, VS! I think I’m going to follow this up with a video on selling / flipping a one-off piece. It’s not something I’m good at, but I’ve done it a few times with small pieces I knew I couldn’t get enough for at a LCS. That’s a totally different game where time is on your side. Hope you’re well - looked like it in your last video!

[@VerticalStacker]

2 is 1 yes all is well. Wish I was making more content, but there is so much fishing and hunting to do! 😉 Doesn’t exactly blend well with stacking lol. Thanks for responding and looking forward to your next one.

[@jefesalsero]

I appreciate this video! For the first time ever, I need to sell some of my gold. I will be selling a Buffalo that I bought in 2018. Will sell to my LCS later this week and they said they will give me $10.00 above spot. I hate to do it, but need the funds. At least I will have made some money on the coin because of when I bought. And, selling the Buffalo only puts a small dent in my stack. I'm glad it's there for me when I need it!

[@2is1gold]

Definitely. It's so good to have it just in case. Cheers!

[@johnburman966]

You never hear about selling gold coins. If paid 20% over premium and sell at spot you lose big time. My experience in UK was I was paid by cheque, so back into the banking system.

[@gblargg]

A coin shop is a small operation that mainly has local buyers. They probably also don't hedge so are exposed to falls in spot price, and thus want to be sure something sells soon, especially if spot has been falling lately. I've asked about sovereigns and 20 Francs for sale and some don't even know what they are. They mostly deal in US coins.

[@2is1gold]

Yeah. Local dealers dealing in local coins. Cheers!

[@robertclarkson6064]

Video was not boring. Very informative. Thanks 👍

[@2is1gold]

Thanks!

[@saxonstacker1078]

Great video, another welcome perspective. Such a brilliant hobby.

[@2is1gold]

Thanks!

[@thomaskrutulis2289]

Valid points. Makes me want to exchange some of my early silver buys too. Before I knew anything I’m sure the lcs saw me coming and i got some crappy plain ol rounds. I think some may have to be exchanged even for a slight hit to get more desirable and thus liquid mediums. Liquidity is definitely important cuz at the end, it’s all only worth what someone will pay right

[@2is1gold]

Right. Silver might be a slightly different animal, though. My LCS options all treat generic silver more or less the same. The silver community here is big on generic rounds, but I personally I only buy ASEs at this point, and I’m waiting for a further pullback before buying any more. I don’t stack silver for weight any more ( I bought generic 10 oz bars when I did.) Cheers!

[@thomaskrutulis2289]

2 is 1 guess I’m less worried about lcs and more about a sale or trade to joe public. Many ppl still don’t know what a round is, and if they don’t look like ‘money’ I think the skepticism alarm may go off often

[@jplifts3008]

Yeah I stack only pre 33 gold and American gold eagles.

[@2is1gold]

Can't go wrong there!

[@GardenerEarthGuy]

I start to sell around 50% profit, dump everything at 100%... Learned to cast gold before the first Eagle was out- seen enough to sell and wait to rebuy. The only thing I regret selling is my Carson City scene- but I'm putting it back and not having a mortgage was worth it.

[@2is1gold]

Are you sitting on a bunch of gold and selling it down or buying and selling for ongoing profit?

[@GardenerEarthGuy]

@@2is1gold I'll watch the marketS, when things are down I'll accumulate- once 50% happens I sell half and get my money back, and have free stuff. There are ranges I'll buy and I stick to them, my coin budget has been all numismatic for a few months now. Being old and having seen history live, has it's benefits. Real estate is where one can actually make money for the long term, coins- I'm a collector, but never buy thinking I'll get rich- just get free coins. Yours Truly, GEG

[@dontask8979]

@@GardenerEarthGuy Subbing. You nailed it. Everyone "falls in love" with there crap and in their head, convince themselves is better then it is. I actually have fun with the silver to gold ratio.

[@HoneyBadger938]

I'm assuming its probably the same for silver? Easier and higher equity with the maples and eagles?

[@jmn1238]

Does one tiny scratch make a difference when selling?

[@troyevans6839]

Thanks 😊👍 Your experience as an American selling inside the states? But do U know of ease of selling outside of the states excluding Eagles & Buffalos?

[@2is1gold]

Sorry, I don’t have any experience selling outside the U.S..

[@appleztooranges]

Selling gold is fun. You get more selling online though. Local dealers where trying to give me under spot.

[@knifetothebass1642]

I sold a bunch of silver and gold in 2017 to JM Bullion. They gave me back what I considered a good amount of premiums. Mostly ASE and AGEs. Sold some more to my LCS and got ripped off. Bought Bitcoin. 😁 Now I’m getting back into gold. ASEs in particular. Was thinking about buying some sovereigns but after watching this I think I changed my mind.

[@2is1gold]

Nice to the Face AGEs are the no-hassle option.

[@knifetothebass1642]

2 is 1 I got the best returns from gold and silver eagles. I won’t touch anything generic anymore especially generic silver rounds and bars.

[@2is1gold]

@@knifetothebass1642 I've done okay with generic silver, but they cost a lot less going in, and I knew where I'd be selling them. I agree with you on Eagles - they're always going to do best here.

[@Wonederdad71]

Knowledge is power! Thanks

[@2is1gold]

Thanks for watching!

[@marcogarcia304]

Ok, don't sell yourself short on your advice; it is quite relevant. I started Ag stacking in mid July, but with the price on Au, there may not be another opportunity like this (spot on Au is $1795) today. I little bird told me that Ag will sky rocket very soon. Ag is $ 22.50+/-.

[@2is1gold]

Thanks! There are a few more announcements coming soon that I think will send metals down a bit again. One is the FDA approval coming Dec 10 unless it gets fast-tracked. Either way, I did pick up some more gold and actually picked up a small amount of silver for the first time in more than a year (at $22/oz).

[@billconstantino8491]

Not boring at all , for someone thats just starting out it’s an excellent perspective if things go sideways and the need to sell arises and you need to move fast 👍,,,, BC

[@2is1gold]

Thanks for watching!

[@eliteaesthetics5170]

so can it be said coin shops are just as ok with maples as they are with buffalos?

[@2is1gold]

They'll pay a little less, but no coin shop I know is going to turn down a Maple.

[@eliteaesthetics5170]

@@2is1gold awesome, thanks for the repyly, do they usually also buy pamp suisse bars?

[@CoinSniperChris]

Guess it depends where you live, and how you’re doing financially. I love the buffalos. And also the 1 Oz maples, but I only buy fractional in gold eagles. If all my bills are paid for the month, and I have extra surplus, then I branch out and buy something I really like, but barely buy. But I’d love to stick with the buffalos and eagles!

[@2is1gold]

Looks like you’re staying with logic. Cheers!

[@CoinSniperChris]

2 is 1 logic is a wonderful thing. Otherwise we’d all be part of the crew on the Spaceballs ship lol

[@hobbyguy77]

Doesn't eBay also charge around 12% in fees from the total sale cost? Wouldn't that make it not-so-great when selling then? I believe people bid on eBay up to about $20-60 less than the price on APMEX (e.g. sold at $1860 vs $1895 on APMEX), so after the 12% fee you would end up significantly below spot ($1636 paid vs 1805 spot), right? Or an I missing something from the big picture? Because 94% from a LCS or an online coin shop seems like a much more attractive deal in comparison. Even 94% of the $1805 spot I had in the example above would still be $1696, which is $60 more than $1636, as well as not having to risk on eBay.

[@jillimyjilikers2036]

Whats a good selling price for gold bars? 250g or 100g Thank you

[@24kgoldbuffalo35]

Great information....wish I would have heard this message earlier when I started investing in metals. I learned this lesson the hard way.

[@marlo2853]

What were your experiences ?

[@mrmostlyharmless]

Would you say the Canadian Maple is as easily sold?

[@2is1gold]

It’s very easy to sell.

[@silverfanatic-SA]

my friend you are underrating you video but infect it is so educational in a way that it makes you think before you buy and to not just buy with emotions.like for me i need to focus more in buying Krugerrand because i am in south africa ,it would be easy to sell when the time comes.very nice video thanks

[@2is1gold]

Thanks! Krugerrands are an easy choice. Cheers!

[@SilverRipples.]

Thanks for giving your selling experiences. You could have sold those sovereigns and Roosters to an on-line bullion dealer. They are more liquid there than your particular LCS that you rely on so much. American Gold Eagles make things soooo easy.....everywhere.

[@2is1gold]

I talked to APMEX at the time and looked into secure shipping. It wasn’t a good option then. Might be better now. I’m still going to do everything I can to avoid the hassle in the future. Eagles and Buffalos for me!

[@SilverLife-oi4ng]

I sold 8.6 oz yesterday and I got spot on a few the 100 corona was like 60$ back and a 20 dollar liberty was like 50 back. Funny thing is he would Payme 75¢ over spot for silver if I sold him 1000 oz. I didn't go for it.

[@bbfreetube]

You did not mention online dealer buying prices

[@2is1gold]

Didn’t I? This is from a while ago.

[@dominickzappola2429]

Very good information. I started watching your channel very informative good job.

[@2is1gold]

Thanks!

[@dylanmcginnisdm]

What about buying silver or gold bars? Is that difficult to sell by Just pure weight?

[@llenhu7537]

Is it better to sell to your local coin shop or someplace like Ampex, which is where I buy my gold

[@2is1gold]

It will vary. It's worth a call to each. Good luck!

[@silvergoldsaver779]

When I sold my gold to my LCS (Libertad and Ducat) they paid me 95% of spot... still up from when I bought them a couple years ago, but lower than I expected. Really interesting thing to learn... I think they are closer to spot if I was selling an American Gold Eagle since they said that’s their most popular gold coin. Maybe I will sell my gold through the community next time.

[@2is1gold]

I got 98% or 99% for pristine Maples. Over spot more recently for my Eagles.

[@SilverLife-oi4ng]

Wow libertads you should sell online.. You make up the premiums no problem you should get at least spot if not more for libertads

[@silvergoldsaver779]

@@SilverLife-oi4ng yeah good point! I am new to selling (been mostly buying) so I tried my LCS first. Definitely going to sell to the online community next time and get at least spot price 👍

[@marlo2853]

Did you lose what you paid for premium ?

[@silvergoldsaver779]

@@marlo2853 I didn't, I was still able to get what I paid for because spot went up

[@MD01234]

Always gotta have an exit strategy! How about Small gold bars? Easier to sell than those LMU’s? 🤔

[@2is1gold]

I don’t know. I would think so, but I’ve never asked shop owners.

[@Matter_C]

Thanks for sharing your experience. It giving me food for thought about what I’m trying to achieve with this. Initially I was just buying what I like but maybe I need to research what has the easiest re-sale value here in the UK!

[@2is1gold]

You'll thank yourself down the road! Cheers!

[@gerrykelly-zk6lf]

Coins from the royal are capital gains tax free for people living in the UK.

[@fredvalencia2205]

I hear your pain i was in a bind and had to sell an eagle and one of my local coin shops told me the best he would do is 3% below spot and went on to say people are funny about there gold eagles and went on to say (why would i buy your coin for that price when it could be worth less the next day ) now i should put that coin shop on blast but im not but what a mentality for a man thats been in buisness for over 30 years . isnt that what metals do go up & down. Talk about supporting your local coin shops. fuck that !

[@2is1gold]

Yeah, some of them suck.

[@dontask8979]

Well done. I was thinking of making a video like this. People won't like what I have to say though about the ASE. I havent picked up ANY since the 90's. I will stick to junk, and leave the high premium silver to the "collector's Mixing in less desirable stuff with highly desirable is the way to go. You HAVE TO, or the dealers will cherry pick everything you bring them. All or NONE.👍

[@2is1gold]

Dont ask people don’t like to hear anything negative about any silver! 😁 I stay away from the topic at this point.

[@ASMRPeople]

I've never sold to an LCS, I've personally found most LCS to be ran by greedy old men whom have disdain for non numismatic stackers. I've sold plenty to online dealers. Did those same jerks who paid you less than melt for your rooster sell them at a 5% premium to spot? That sounds like a classic LCD move. Lol

[@2is1gold]

They sell Roosters and similar coins at spot. I have a shop here that I won't go near, but I have two good options.

[@ASMRPeople]

@@2is1gold nice, I wish places around here sold oddball gold for spot. I got spoiled a couple years ago back when you could get gold under spot using ebay buck offers.

[@dfvl1981]

Found your channel recently! Great videos and content! Best regards from ECUADOR in South America!

[@2is1gold]

Hey, thank you! Saludos!

[@khaled7stars]

Is it easy to sell gold coins made in Egypt in the United States?

[@tom-c1j2p]

Laid back is a good thing, no pressure

[@yuiopoli9601]

Hello and thank you sharing your experience! Do you have any experience with refineries by chance? Or know about someone else who does? Which refinery do you use, recommend? I've used ARA but they have scammed me 3 separate times now. I've considered refining myself and then attempting to sell on ebay (something I haven't done yet).

[@E_R_I_K]

Thanks for the food for thought. I've been considering simplifying my stack for much this same reason.

[@2is1gold]

Definitely makes things easier down the road. Cheers!

[@joerobinson3225]

Not a boring video at all! I only have maples because, at the time, the Canadian government was staffed by more responsible patriots than in the US. That evened out in a hurry. Still, I think maples are sound because of the purity, and should sell easily. Thanks for the wake-up call though, as we need to know our options.

[@heavymetaldieselhead9572]

Nooooooooooo!!!! Selling not an option. Love the gold.💰

[@2is1gold]

The only solution is to have so much gold that selling some doesn’t make dent! 😂

[@greatindian276]

My friend I have one doubt indian people purchased gold in online how to sold that gold in America Market please give information about that

[@drewpalacio8516]

Off topic, but, I freakin love sovereigns, maybe it's me but I love the aesthetic and historical element to them, as well as that of the gold pesos circulating. To be honest, aside from Pre 33, I'm not a huge fan of American Eagles, but to each their own. Great video!

[@2is1gold]

They’re a very cool coin. If you’re that into them, any potential selling issues are minor inconveniences. Cheers!

[@reeyadali8516]

I’f you bought a 1oz gold coin in 2001 for $500 can you sell that back in 2022 and make 1800?

[@2is1gold]

Yep!

[@b.c.731]

I got all american eagle gold coins. Only 2 1/10oz is canadian

[@2is1gold]

Smart way to go!

[@bigtxbullion]

Went in today to an lcs near home. They had gold eagles listed at 5 to 10 percent over spot. They offered me what amounted to 8% back of melt for a one ounce bu gold eagle. Hah.🤣 Not happening thats the Last time i visit them ( and ive bought from them before). Not all lcs will make a relationship worth your while. That is effectively a 16 percent buy/sell spread.🤯

[@2is1gold]

Yeah, that's crazy. So many new people walking into those shops right now. The bad ones (shops) are taking advantage of easy money.

[@QuadTap]

2 questions... I'm guessing the liquidity for buffalos would have been equal to the eagles correct? Do jewelers have a preference for 24k for melt purposes? Thank you... Love your channel! 🙏❤️

[@2is1gold]

Eagles are always going to be more popular, but Buffalos are still about as liquid as any gold can me. Jewelers around here only buy 24k coins. Cheers!

[@MrDavidknigge]

Now I don't know what I'm going to do. Thanks. Well, if I ever do sell, I'll know to give it time. Thankfully I've got 20 LCS nearby. Or another option is to go to a coin show within 500 miles.

[@hunterguillory9231]

stopping by to show some love thanks for your education!!

[@2is1gold]

Thanks for watching!

[@devtagstudios]

which sites you use for selling ?

[@2is1gold]

I’ve only sold in person, but APMEX has a good buying program. I’m not a fan of eBay. I’d probably use Instagram, KZbin and an online dealer if I couldn’t sell in person. Cheers!

[@Arneaud]

Where can i sell my gold at spot price

[@2is1gold]

Most local coin shops.

[@Arneaud]

@@2is1gold they usually try to give us under market price sometimes even under 60% of the market price

[@GJ_DM]

I am sitting on a lot of cash right now, I want it to be liquid and safe from currency collapse because I will need it to buy a house in a year or two. I want to hedge this cash position by buying maybe 5-10K worth of gold. The thing is, I don't necessarily want to hold it forever, I just want it as insurance until I can exchange ALL the cash for real estate. It sounds like I'm going to lose money if I buy gold and sell it in a year or two to fund real estate purchases. Is this just the cost one must pay for a little financial security?

[@2is1gold]

It depends. Inside of a year or two, you'd be gambling a bit on spot price.

[@juicestacker1950]

watched the whole thing ! Anytime I buy I I think of the exit first lol Thats why I only have eagles lol

[@2is1gold]

Thanks, Juice. You’re smart with those Eagles.

[@stansbornak8116]

You are correct......I found that out not too long ago!

[@honalexsimba]

Kindly give the direction how I can sell my gold I'm in Africa

[@pudendajohnson1932]

I think you presented an argument for buying non US coins. You said you may get back $10 on a gold eagle when selling, while paying $100 over when buying.

[@2is1gold]

The amount I get back is the amount I pay above and beyond the other options. So they’re effectively the same price. If you’re selling a few coins in a solid economy and a time of high interest in gold, we both know your Britannias would do just fine. With an Eagle I just don’t have to worry about scale or timing.

[@dannyhvac37]

Thanks for the great content. Do you think the Maples or Britannia's would be easy to sell if needed? Just getting started and those new Britannia's look great with the security features, plus lower spot.

[@2is1gold]

They're easy to sell right now. Maples are more popular in the U.S., though, so they're a bit easier to sell regardless of gold excitement at the time.

[@patricksquires77]

Thanks for this video. Your experience that you shared I believe is being missed by the explosion of new buyers - at least any that plan to flip their silver. I posted a question on a growing reddit group essentially asking if some people are planning on flipping/selling when price goes up... who do they think is buying it and all of these places that ‘buy silver’ - are they really going to buy? Are they going to buy anywhere near spot? I pointed out that it is not like their local coin shop has brink trucks picking up their excess silver everyday. I kind of think those that think their going to just flip a big stack of silver ‘stuff’ they purchased in the future - it might be harder than they think. Man... - I got hammered with replies that I did not know what I was asking and all these places will buy it due to the demand etc... lots of lists of online buyers etc provided from online retailers & etc... but me... i don’t know 🤷🏻‍♂️.. i could foresee where spot price goes way up but so many people try to sell their retail silver that there ends up being more of a kind of a scrap market for retail of large negative premium for retail silver but commercial level is much higher. I have a hard time imagining that tons of silver will be purchased back by coin shops and online retailers. If price goes way up then amount of silver people can afford to buy goes down. There is likely a limit to how much silver the dealer is willing risk carrying.

[@2is1gold]

The idea of silver raids or that the silver squeeze is somehow actually working is definitely not based In reality. Nobody seems to care about logistics. People may have to learn the hard way, unfortunately. Cheers!

[@j.jasonsantilli297]

I tend not to discriminate, I like coins but I'm not a collector if they come about for the right price I pick them up. I'm all about the bullion and gold. And to me Silver is silver and gold is gold. For me personally it's my hedge fund if everything takes a s***. Although I did try to get the gold eagle p75 privy mark got it into the cart. Got all the s*** filled out by the time I click the button and got past the refresh the page a hundred times it was gone. For me it was a quick flip to be able to buy more gold and silver. Needless to say I was a little aggravated

[@2is1gold]

Yeah, both V75 coins turned out to be great flips. I pretty much ignored them. Like a dummy.

[@raymondcote2913]

Thanks...

[@Manning_Family]

Selling gold? Blasphemy!

[@donaldinnewmexico]

AMEN

[@2is1gold]

Sound the alarm!🚨😃

[@braden6992]

All of this is really good info, but most stackers believe that it is the inherent price appreciation of the underlying metal that will propel the value of the coin/bar over time. In this respect getting close to spot for an exotic Perth Mint or interesting Royal Mint coin will be justified given the meaningful increase in the price of the silver or gold within. Some premiums are just not worth it, no doubt, but do you really want to stack the same two designs for the next 30 years? I think you are taking the fun out of collecting bullion coins when you are so focused on being able to get a handful of dollars over spot on a sale, especially when that eventual sale price may bring with it a likely 100% or 200% increase in the price of the metal. Heck silver increased 50% in just 16 trading days from mid July to early August this year. I say buy what you like and allow time to take care of the rest. If all you want are eagles then you might as well only buy the same black shirt and the same pair of jeans and do the exact same thing every weekend evening too. Boring!

[@2is1gold]

Honestly a few dollars here or there has very little to do with my decisions. I just want well known coins for the bulk of my stack, interspersed with whatever I find interesting. I can see how it might seem Spartan, but I can keep a balance of order and interest. Cheers!

[@braden6992]

@@2is1gold And you should certainly stack however you like.

[@johnlenk2774]

Maybe it’s in the comments, but I’ll ask again. What about selling to APMEX. Do you have any experience with a sale like that?

[@2is1gold]

I haven’t sold to them, but they make it very easy.

[@johnlenk2774]

Maybe a speed test is in order! Maybe sell a few ounces and give your feedback. Or maybe just a gram!

[@JorgeVegaRealEstate]

Any experience selling Australian Gold/Silver?

[@2is1gold]

My LCS gives near spot for coins from the Australian Mint or Perth Mint right now.

[@ralphotte8156]

Thanks for the info. I recently subscribed to your channel. My question is, based on what I've seen of your videos, would you ever or do you stack the gold bars, especially since many of us find the price of gold daunting? I did purchase 2, 2.5, and 5 gram bars as well as 1/10, 1/4, and 1/2 Eagles some 5 years ago, but now I'm retired. Anyway, do you these little bars worthwhile, or would you recommend going with the fractional Eagles or maybe the Maples?

[@2is1gold]

I stick to coins. My local coin shops have always advised against bars because buyers don't immediately trust them - they want to have them verified. Regardless of whether that's even a legitimate concern, it makes coins more liquid. I'll take a higher premium if it means they're easier to sell. Cheers!

[@ralphotte8156]

@@2is1gold Thanks for your reply. I haven't found a dealer yet, but I saw someone else's comment expressing the same sentiments. Looking forward to adding gold to my meager little stack.

[@honalexsimba]

Can I get client to buy gold ?

[@2is1gold]

I’m not following the question.

[@honalexsimba]

@@2is1gold I wish I to sell my gold I'm in kenya

[@carlchilds3741]

Very informative video. Thanks for sharing.

[@brennangratia376]

Love the gold buffalos but eagles r the way to go love the heads up

[@2is1gold]

Eagles are the logical choice.

[@coreywilliams5391]

Can you elaborate on why the eagle is logically a better choice, than the buffalo?. I’m new to all of it and just curious.