We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Selling gold back to Royal Mint.

Options
Has anyone sold gold bars back to the Royal Mint, and how safe/secure is the postage of it?
Talking about 2 troy ounce bars.

Comments

  • MX5huggy
    MX5huggy Posts: 7,163 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No because the buy back rate was poor, it’s not actually RM they buy they just use another bullion dealer, then there is the postage risk however good the insurance is. Take them by hand to a dealer. 

    Hope you don’t regret buying bars on which CGT is due over UK coins which it is not. 
  • friolento
    friolento Posts: 2,420 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    I sold some a while ago to Tavex Gold, Southbank House, Black Prince Rd, London SE1 7SJ. Excellent personal service, by appointment only, in a very secure environment. I think they might also offer a mail-in service. Lithuanian or Estonian staff, using a Lithuanian of Estonian Bank, can't remember the detail. Perfect English speakers.
  • XzavierWalnut
    XzavierWalnut Posts: 187 Forumite
    100 Posts Second Anniversary Photogenic
    edited 12 April 2024 at 7:29AM
    Thanks for the feedback. I have been looking at a local bullion dealer also, so looks like that is my best option.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.