Yes. GMRgold can only make purchases of at least $1,000.
Is there a minimum transaction amount for sellers?
Follow these procedures to sell precious metals to GMRgold:
- Open a free GMRgold account online.
- Call our Trading Department so we can inform you of the current prices for your items.
- Wait briefly for us to send you a detailed packing slip and a confirmation number for the sale.
- Place your items securely in a mailing package with the packing slip and confirmation number included inside.
- Ship your package to GMRgold.
For your protection, we also recommend the following:
- Ship via the US Postal Service.
- Insure your package.
What do I need to do to sell my items to GMRgold?
Our standard procedure is to send you payment for the items you sell us as quickly as possible. Typically, that will be in 3-5 business days.
For transactions less than $10,000, you may choose to receive your payment in any of the following ways: by check sent via first class mail, by ACH direct deposit, by bank wire. If you choose a bank wire, you are charged a $25 fee for the service.
For transactions over $10,000, you may choose any of the same three options, with no fee if you choose to receive payment by bank wire.
When does GMRgold pay me for my items?
Yes. Just make an appointment with us by phone to come in and deliver your items.
Can I deliver my precious metals directly to GMRgold?
We buy any of the same products we sell, at our discretion.
What products can I sell you?
Because carriers can sometimes have delays or other issues that slow delivery time, you can avoid problems by calling us with your tracking number or registered mail number. You must do this the next business day after we notify you of confirmation. If you do not call with this information, we may cancel your order. At that point, we will charge you for any market changes. We do not allow customers who have cancelled orders to make new orders in the future.
If you have given us the tracking number in a timely fashion and we do not receive your items within 5 business days, we may choose to give you more time to get us the package.
What would happen if I didn’t send my items to you after I receive confirmation?
We lock in your prices for purchases and/or sales at the time we send confirmation. Our standard policy is to not allow cancellations after the order has been confirmed. If you are dealing with a rare situation that necessitates a cancellation, you must call us during our business hours to make the cancellation. We will charge you a $35 cancellation fee plus the amount of any market losses to GMRgold. We charge these fees to your credit card. You will not be allowed to place additional orders until these fees have been paid. If there is a market gain, GMRgold retains the difference.
Does GMRgold accept cancellations?
Yes. Your trades are important to us because the expand our inventory. If you choose to make a trade, we recommend you talk to your tax advisor first.
May I trade in my items?
Possibly. In certain cases, we do accept consignment items. Contact us with the details for more information.
Can I put my items on consignment with you?
No. There are no receiving fees. When we quote a price for your item, that is the price you will receive.
Do I have to pay a fee when GMRgold receives my items?
We buy and sell gold bullions, silver bullions, palladium bullion, copper bullion, semi-numismatic coins, foreign coins, rare coins, and paper currency.
We maintain an extensive inventory of coins that are graded fairly and priced reasonably. If you are a serious coin collector, you can buy coins from our online store.
If you want to sell your coins, contact us. We purchase your gold, silver, platinum, and coins. Our pricing is reasonable and we stock a full range of bullion for quick delivery.
Are there any hidden fees for selling to GMRgold?