How to Sell Gold Dust

Contributor

By W D Adkins
eHow Contributing Writer

Article Rating: (2 Ratings)

Gold dust is the form of gold that is collected by panning for gold or other forms of placer mining and is composed of flakes and occasionally small nuggets. If you want to sell gold dust the easiest way to do so is to find a company that can assay (test) and refine the gold. There are several ways to sell gold dust either online or through a local dealer. Whichever method you choose, the steps you need to take are pretty much the same.

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Difficulty: Moderate

Instructions

Things You'll Need:

Current information on the market price of gold

Step 1

Find out what the current market prices are for gold. Prices for both refined gold (gold bullion and investment coins) and unrefined gold vary with the commodity price of the metal and can change from day to day. Click on the link below to see daily gold prices on major commodities markets.
Step 2

Have your gold dust tested (assayed). Assaying determines whether or not your gold dust is real gold and what the purity is. Buyers will want to see an assay report before purchasing your gold dust.
Step 3

Locate a dealer to buy your gold dust. In many cases assay services also refine precious metals so you may be able to test and sell gold dust at the same time.
Step 4

Sell your gold dust. You will not get a price per ounce equal to the daily spot price of gold because the buyer must allow for the costs of refining the gold dust. However, good buyers will give you fair prices especially if you get quotes from multiple buyers.
Step 5

Maintain careful records of your transactions. When you sell gold in any form and make a profit you will need to declare it on your tax return.

Resources

Comments

Christopha70 said

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on 12/30/2008 Kindly grant us this opportunity to introduce our company to you.

We run a consultancy firm in the Rep of Ghana in West Africa and we specialize in the shipment of gold dust and nuggets

We promote selling of these products for the local owners of such who are looking out for international and buyers.

Presently we have in our disposal of many atleast 850kg of gold dust, which is ready for sale. If you are interested,do get in touch with us .

We are ready to give you further information about this particular stuff as well as presentation of relevant legal documents covering the minerals and are ready for shipment.

We look forward to your response

Thank you Yours truly,
Christopha Annim
CEO
email: chris_consult70@yahoo.com