Buy & Sell Gold & Silver Bars

The most commonly traded precious metal bars are made primarily of gold (Au) and silver (Ag), which are the most widely recognized and valued precious metals in the world. However, there are also rarer bars made from platinum (Pt) and palladium (Pd). These metals are considered precious due to their rarity and unique properties, making them highly sought after not only by investors but also by industry. All precious metal bars share a common characteristic—they are a secure way to maintain or increase their value. If you are interested in selling precious metal bars, you can visit ORAGOLD’s stores, where we use specialized equipment to certify authenticity, such as spectrometers that analyze the composition of the metals, ensuring absolute security. Precious metals are highly valuable today, continually breaking one record after another, creating ideal market conditions for selling.
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Precious Metal Bar Prices

Pre-owned Bars

The quality of precious metals remains unchanged over time. Bars are typically sold at a better price on the secondary market compared to purchasing them directly from the manufacturing companies.

The value of pre-owned bars is determined mainly by the price of the precious metal they contain, without any added premium. This means they are sold based on the current market price of gold, silver, platinum, or palladium, offering an alternative option for investors looking to acquire precious metals at a more advantageous price.

Precious metal bars can be easily liquidated or used as collateral for loans. The growing demand for precious metals supports their value in the market, regardless of their age or condition. Historically, gold and silver bars have been popular because they are unaffected by inflation or currency devaluation.

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Manufacturing Companies and Authentication

The world’s leading precious metal bar manufacturers have gained global recognition and reliability. These include: PAMP Suisse, Valcambi, Heraeus, Credit Suisse and Johnson Matthey. All of these companies are known for adhering to strict standards.

Packaging for bars has evolved significantly in recent years, with the aim of increasing security. The integration of QR codes on the packaging allows the buyer to scan the bar with their smartphone and access information verifying the bar's authenticity, such as the reference number, weight, and purity.

Despite strict security measures, there are cases where these are bypassed, resulting in bars being proven counterfeit. Buying and selling without proper knowledge can be costly, and extreme caution is required.

Key Factors in Valuing Precious Metal Bars

Each item is assessed by ORAGOLD's experts with the utmost accuracy and professionalism. The purchase price is determined based on the following factors:
  • 1 Weight
  • 2 Purity
  • 3 Specialized Machinery

Valuing bars is a complex process that requires significant expertise. The first step is to check the weight of the bar. The measured weight must match the stated weight precisely. Additionally, an important criterion is that the bar should not be magnetic.

Purity is checked using specialized equipment such as spectrometers and infrared machines. The standard purity grades are 999 or 995. Bars with 999 purity contain 99.9% pure metal, while those with 995 purity contain 99.5%. The most accurate way to verify authenticity is through chemical analysis, but this method destroys the bar, which is undesirable.

If the bar is sealed, it is necessary to remove the packaging to verify its authenticity. Buyers are often deceived by bars that later turn out to be counterfeit. The most commonly used metal for testing the authenticity of a gold bar is tungsten, due to its similar density.

For any transaction, it is required to present either your ID card or passport.

The Most Popular Sizes of Gold and Silver Bars

The most commonly traded weights of gold bars are: 5g, 10g, 20g, and 1 oz (31.1g). Owners can easily liquidate smaller bars, whereas a 1kg bar requires more caution when selling. Due to the large sums involved, cooperation with a reliable and trustworthy establishment is essential.

ORAGOLD, with its many years of experience in the precious metals market, is a reliable choice, offering trust and ensuring a safe and fair transaction. Due to the affordable price of silver, many investors prefer to buy larger bars, such as 1kg, as this significantly reduces the cost per gram, making the investment more attractive.

Additionally, many people believe that since silver’s price is much lower than gold’s, there is significant potential for its value to rise in the future, bringing substantial profits to investors who sell at the right time.

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Calculating the Price of Bars

Calculating the price of a gold bar is a relatively simple process. To calculate the value of a gold bar, for example, a 100-gram bar with 999.9 purity, you multiply the weight in grams by the current price of gold per gram.

If the price of gold is €75 per gram, then the value of the bar would be 100 grams × €75 per gram, which equals €7,500. In the rare case of collectible bars, they may theoretically have a premium, but selling them as collectibles can be challenging.

Generally, the heavier the bar, the more difficult it is to sell. Some rare precious metal bars include the Johnson Matthey 1 oz Gold Bar, Engelhard Silver Bars of 5 oz and 10 oz, and the PAMP Suisse “Lunar Series” 1 oz Gold Bars.

For any transaction, it is required to present either your ID card or passport.

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Frequently Asked Questions

To better assist you, we have compiled a list of frequently asked questions (FAQs) below. If you don’t find the information you’re looking for or have additional questions, please don’t hesitate to contact our customer support team. We are here to help! CONTACT US

What is the method for calculating the value of gold bars?​

The method for calculating the value of gold bars involves assessing their weight, the purity of the gold, and the current market price of gold. Additionally, the value is influenced by the company that produces the bar, as some bars are considered rare and have a higher value. Purity is measured in carats or percentage, with pure gold being 24 carats or 99.9%.​

What criteria do you use to assess the purity of gold bars?​

We use the following criteria to assess the purity of gold bars: We analyze the bar using a spectrometer, check it with infrared thickness gauges, and in exceptional cases, we use chemical analysis to determine its content of pure metal. Secondly, we verify the authenticity certificates if available. Thirdly, we consider the brand and reputation of the producing company. Finally, we visually examine the physical condition of the bar for imperfections or damages.​⬤

Do you also buy silver bars? What is the process?​

Yes, we buy silver bars. The process involves assessing the purity and weight of the bar, as well as confirming its authenticity through spectrometer analysis and ultrasonic thickness gauging. We check the condition of the bar for any damages. Then, we calculate the value based on the current price of the precious metal.​

What is your policy regarding unsealed bars?​

Our policy regarding unsealed bars is flexible. We assess their value based on the purity and weight of the bar. Even without a seal, as long as it meets our criteria, we offer appraisal and purchase at the highest possible price.

How do you determine the current price for gold and silver bars?​

The current price for gold and silver bars is determined based on several factors, including the current value of precious metals, purity, weight, and demand. We use reliable factors to provide fair and competitive prices to our customers.

How can I verify the authenticity of a gold or silver bar?​

It is very difficult to verify the authenticity of a bar without some form of barcode. Oragold has the experience and the appropriate equipment to do this for you. We carefully examine the metal content of the bar and the authenticity certificates, always accurately appraising your valuable items.​

How is the price for platinum and palladium bars determined?​

The price of platinum and palladium is determined by the global market and is updated daily on the stock exchange. The weight and purity of the precious metal shape the final price. Factors that influence their prices include economic stability and geopolitical developments.​

Do you only buy sealed gold or silver bars?​

We buy anything that is gold or silver; there is no problem if the bar is not sealed.

Can I buy gold or silver from ORAGOLD?​

In our e-shop, we offer certified gold and silver bars that you can purchase very easily.​

How will I receive my payment, and what documents do I need to bring with me?

The payment can be made in cash or via bank transfer. You will need to bring your ID card or passport.
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