Selling raw gold?

[toomuchreality]

What can you tell me about selling raw gold?   I can tell you, I wish I had some!

I know the quality of the gold can vary, as can the price. But I'd like to know more.
What kind of fees, taxes and regulations are there, that a person should be aware of?
It is not part of an estate. It was found.
Who do you talk to, in order to get information about doing this?

Just curious.


($1271.0 is the current price, I believe. 10-13-13)



Thanks!

[Nazgul Girl]

    The $ 1271 price is for an ounce of refined ( purified ) gold.  It's called the "spot" price.   You would not get that amount for the unrefined, raw gold.   Also, has the gold that was found been tested and verified as real gold ?    You aren't supposed to be able to tell by just looking at it, although since I've never found gold, I don't know for sure .

[sesfw]

My first thought is do a web search for an assayers shop.  Second is ask a jeweler about it.  The jeweler should know where to go.

Good luck.  Hope you had a great time finding the gold.  It's a bucket list item for me ...... someday.

[Deleted]

If you sell it through a jeweler or a "We Buy Gold" place, you'll get about half the meltdown value (so a little over $600/ounce) and you'll have to sign papers saying that you're the legal owner. I think I even needed to sign a paper with my SS # that went to the government when I sold some bits and pieces of unused jewelry (e.g. single earrings, items which could not be repaired) at the jewelry store.

[toomuchreality]

I don't think it has been verified as real. Considering the circumstances, I'll be shocked if it isn't real gold. -Of course that wouldn't be hard.   It would be a good thing to get done though, as would getting the amount verified.

Ah- an assayer. I hadn't thought of that.

Yeah, avoiding the We Buy Gold and the pawn shops, is big on the list.


Thanks!