Gold Bullion Buyers in Old Saybrook, CT — What We Pay for Bars, Rounds, and Coins

Selling gold bullion — whether you have bars, rounds, or coins — is straightforward when you work with a buyer who bases their offer on live spot prices. At Gold Buyers Connecticut, we price every bullion transaction against the real-time spot price with transparent math. Here's what that means for you and what to expect when you bring in your bullion.

What Counts as Gold Bullion?

Bullion refers to gold (or silver) in a refined form sold primarily for its metal content rather than as a collectible or piece of jewelry. Common forms we buy include:

• Gold bars — from 1 gram credit card bars up to 1 kilo LBMA bars
• Gold rounds — privately minted 1 oz discs of .999 or .9999 fine gold
• American Gold Eagles — US Mint coins, 22K / .9167 fine, 1 oz, ½ oz, ¼ oz, and 1/10 oz
• American Gold Buffalos — US Mint coins, 24K / .9999 fine, 1 oz
• Canadian Gold Maple Leafs — .9999 fine, 1 oz
• South African Krugerrands — 22K, 1 oz, extremely common in Connecticut estate collections
• Austrian Philharmonics, Australian Nuggets/Kangaroos, and other internationally minted coins

How We Price Gold Bullion

For bullion, our offer is always a percentage of the live spot price — called our buy rate. At current prices and volumes, our buy rates for common 1 oz gold bullion are among the strongest in Connecticut Shoreline. The math is straightforward:

1. 1We pull the live spot price from the commodities market at the time of your visit
2. 2We confirm the coin or bar's authenticity with our Sigma Metalytics scanner
3. 3We weigh the piece (1 troy oz = 31.1 grams)
4. 4We apply our buy rate — typically 90% of spot for gold coins and bars, and 80% of spot for silver coins and bars
5. 5We present you with a firm offer in writing

Numismatic Premium vs. Melt Value

Some gold coins carry a numismatic premium — a collector's value above the gold content. Pre-1933 US gold coins (Saint-Gaudens Double Eagles, Liberty Head Eagles, and Indian Head pieces) often carry significant premiums depending on date, mintmark, and grade. We assess both the gold value and the numismatic premium and pay whichever is higher.

What to Bring When You Sell Bullion

• The coins or bars themselves — in original packaging or capsules if you have them
• Any certificates of authenticity, assay cards, or original receipts
• A valid government-issued photo ID — required by Connecticut law for precious metals purchases
• Optional: original purchase records to establish your cost basis for tax purposes

Same-Day Payment on All Bullion

We provide same-day payment at the time of transaction by check or Zelle, depending on your preference. No waiting, no consignment, no payment plans. If you have a large volume of bullion to sell, contact us in advance so we can arrange the appropriate payment method and ensure we're prepared.