How can you sell your gold for the most money?
#gold selling #gold prices #gold bullion #spot price #gold buyers #precious metals #gold investment #maximize returns
📌 Key Takeaways
- Gold prices have reached all-time highs above $5,500 per troy ounce
- Identify exactly what gold you have before seeking quotes
- Get multiple quotes and compare percentage of spot price and fees
- Choose the right buyer type based on your specific gold assets
- Consider tax implications when determining optimal selling time
📖 Full Retelling
CBS News Senior Editor Angelica Leicht published a comprehensive guide on February 23, 2026, explaining how to maximize returns when selling gold assets in today's market, as gold prices have reached unprecedented levels. With gold hitting an all-time high of over $5,500 per troy ounce in late January 2026 and currently trading above $5,100 per ounce, many gold holders are considering selling but may not realize they could leave significant money on the table without proper preparation. The article emphasizes that knowing gold is valuable and actually getting top dollar for it are two different propositions in a market where buyers profit from the spread between what they pay and what they can resell. Leicht outlines practical strategies that can help sellers capture maximum value from their gold holdings in this historic bull market. The guide advises sellers to first identify exactly what they have—whether it's bullion coins, gold bars, or jewelry—as different types of gold are valued using different formulas. It recommends tracking spot prices over time rather than selling blindly, getting multiple quotes while comparing apples to apples by asking about percentage of spot price, fees, and payment timing, and choosing the right type of buyer based on the specific gold assets being sold. Additionally, the article reminds sellers to consider tax implications on their profits when determining the optimal time to sell.
🏷️ Themes
Gold Investment, Financial Strategy, Precious Metals Market
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Original Source
MoneyWatch: Managing Your Money How can you sell your gold for the most money? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications. Read Full Bio Angelica Leicht February 23, 2026 / 12:21 PM EST / CBS News Add CBS News on Google There's no question about how remarkable gold's price run has been over the last year — and over the last few months in particular. Not only did gold experience the strongest annual price gains in decades throughout 2025, but the precious metal hit an all-time high of over $5,500 per troy ounce in late January 2026. While the value has dipped somewhat in the time since, the price of gold is still sitting above $5,100 per ounce right now. That's tough to ignore if you're sitting on gold coins and bars or other gold holdings, especially if you bought in when the price was much lower. But knowing that gold is worth a lot right now and actually getting top dollar for it when you sell your gold assets are two very different things. The precious metals market is full of buyers eager to profit from the gap between what they pay you and what they can turn around and sell your gold for, after all. And, if you walk into the wrong shop or accept the first offer that comes your way, you could leave a significant amount of money on the table — money that's rightfully yours, given how historic this gold bull market has been. How do you make sure you're capturing as much value as possible when selling your gold, though? With a little preparation, most sellers can meaningfully improve their outcome. Here's how to do that. Start protecting...
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