About / Faq

When it comes to spot prices, such as the spot price for gold or silver, there seems to be a great deal of confusion over how the spot price is determined. Here we will outline what spot prices are and where they come from.

It is important for one to understand what the spot price actually means. The spot price is simply the price at which a commodity could be transacted and delivered on RIGHT NOW. This is in contrast to futures or forward contracts. The spot price of gold refers to the price of one ounce of gold and the spot price of silver refers to the price of one ounce of silver. Gold and silver must be of specific fineness requirements.

The price of gold, silver and other commodities are affected by numerous things. Gold prices, for example, go through periods of little movement and go through periods of a lot of movement and great volatility. Spot gold prices can potentially be affected by such things as economic data, geopolitical news or events, Federal Reserve action or comments and many other potential drivers.

The laws of supply and demand for gold, silver or other commodities may be seen in world markets. The gold market is in a constant state of price discovery. In fact, all commodities could be said to be in a constant state of price discovery. This price discovery occurs virtually around the clock. Gold and precious metals are traded on exchanges all over the world. These exchanges include New York’s COMEX, London, Hong Kong, Zurich, Australia and Shanghai. The New York COMEX exchange is perhaps the most well-recognized when it comes to gold trading. Spot gold prices are derived from futures contracts traded on the COMEX exchange.

When it comes to spot prices, the important thing to remember is that spot is simply referring to the price at which one could transact and take delivery on now as opposed to some date in the future.

You should consider using CashforCoins.net if you are looking to sell Coins, Gold or Silver but want to get paid high prices based on actual value and don’t want to get taken advantage of.  You should use CashforCoins if for you it is worth waiting a few days in order to get the full cash value of your coins, gold or silver.  Our prices are generally higher due to the significant cost savings of not having to pay all of the costs and fees associated with having multiple retail storefronts, thus we pass that savings on to you in the form of higher payments.  We also skip the middle man and thus we can work on slimmer margins by paying you more directly. We also tie our prices directly to real verifiable spot prices, thus you get what the items is worth.

Yes, our offers once accepted by you are guaranteed as long as: 1) The items received by us match the description and condition of the items listed in the order) and 2) The items are shipped to us within 1 business day of accepting our offer (shipped item means package is postmarked within 1 business day)

Once the items have been received and inspected by us your payment will be made within 2 business days of acceptance.  Payments are often faster if you select PayPal for payment.

Yes, we buy lots of rare coins, slabbed & graded coins.  Please Click here to send us a list.

Yes, we are specialists in buying estates and entire coin collections.  Please Click here to send us a list or to schedule a consultation call.

If they are made of Gold or Silver we may buy them.  Please Click here to send us a list or to schedule a consultation call.

Our dealer directory is made up of over 4,000 dealers across the country which we have accumulated over the years.  The dealers listed as featured & verified have been individually verified by us, the others have not.

If you are a coin dealer or Gold/Silver buyer and want to get listed in our directory Click Here