Liquidity of the 1 oz Format
The 1 oz size is among the most liquid formats in the retail gold market. Its accessible price point means a large pool of potential buyers exists. Most dealers actively buy 1 oz bars from recognized refiners, and you can see typical 1 oz bar market offerings to understand the range available.
Compared to larger bars like 10 oz or kilo sizes, 1 oz bars attract more individual buyers. This broader market can make selling faster and easier.
Dealer Buy-Back Programs
Most bullion dealers offer buy-back programs for gold bars. You can typically sell back to the same dealer you purchased from, or shop your bar to multiple dealers for the best price. Online dealers often provide phone or online quotes.
Dealers pay the spot price minus a spread. This spread typically ranges from 1-3% for standard bars from recognized refiners. Less common brands or bars without documentation may receive lower offers.
Factors Affecting Your Sale Price
The condition of your bar and its packaging can affect the price. Bars in original sealed assay cards typically command better prices than loose bars. Scratched or damaged bars may be purchased at a discount.
Having your original purchase receipt and any certificates improves credibility. Documentation showing the bar's chain of custody can help you receive top dollar.
Alternative Selling Options
Beyond dealers, you might sell through online marketplaces, local coin shops, or directly to other collectors. Private sales may yield higher prices but involve more effort and risk.
For most sellers, working with established dealers offers the best combination of convenience, security, and fair pricing. Get quotes from multiple sources before committing to a sale. For detailed guidance, see our complete guide to selling your 1 oz gold bars.