for precious metals, bar none, the best.
please be aware that we only accept cash, cashier's check, or money wire as payment for any products or services.
At Cascade Refining along with refining and purchasing precious metals we also sell them. The precious metals we sell are gold, silver, and platinum. We carry different forms of pure precious metals which are often referred to as bullion. Bullion is commonly traded in troy ounces which is roughly 10% heavier than the typical ounce. When you hear someone say "Gold is trading at $1000.00 per ounce," they are referring to a troy ounce.Please see our prices page for a list of current selling prices.
The Gold Eagle is a coin that contains the proclaimed amount of gold in it but it is not pure gold. Because gold is so soft, the coin is not actually 100% pure gold. Instead, it is an alloy of 90% gold and 10% other metals. This makes it more durable. This coin is minted by the U.S. government and will always come at a premium. It is the most expensive form of gold bullion at $60-70 over spot value of gold.
The Gold Maple Leaf is a pure gold coin. The Maple is a very soft and scratches extremely easily. If proper care is not taken the coin may become damaged and will significantly drop in value. While it will still be made out of pure gold, you would have a difficult time finding a buyer of a damaged coin. This coin is generally sold at $40-50 over the spot price of gold.
The Krugerrand is much like the Eagle in that it is also not a pure coin which means it is much more durable. This coin is fairly common and is usually the least expensive forms of gold bullion coins to purchase at about $30-40 over the spot value of gold.We also sell a form of gold bullion called gold shot. Gold shot is basically very small beads or pellets of pure gold which are easily weighed and melted. This makes shot a great resource for jewelry casting. The typical price of gold shot is 2% over the spot price of gold making it the least expensive form of gold bullion. However, gold bullion is not generally used for investing because it is not marked in any way which makes the shot very difficult to sell to any one except a refinery.
Silver bullion comes in many forms and we sell several different types. The common types of silver bullion are rounds, bars, and junk coin.
Just like the gold coins, different countries also produce silver coins, with one of the most sought after coins being the American Silver Eagle. The silver eagle is minted by the U.S. government and comes at a premium just like the gold eagle. The premium on a silver eagle will generally range from $3-5 over the spot price of silver per ounce.
A less expensive alternative to investing in silver bullion is the silver round. Silver rounds also contain one troy ounce of silver but are not minted by the U.S. government so they come at a reduced price which is typically $2 over the spot price of silver per ounce. Rounds come in many different designs with a popular one being a replica of the buffalo nickel. Some rounds are commemorative or personalized and you want to avoid investing in these because they will be purchased at a lesser price due to them being more difficult to sell.
Silver also comes in bar form. The bars that we usually carry are 10 ounce and 100 ounce bars. 10 ounce bars are sold at the same price as silver rounds which is usually $2 over the current spot price of silver per ounce. 100 ounce bars are the least expensive form of silver which only cost $0.75 over the spot price of silver per ounce.
The most affordable silver to invest in is junk U.S. coin. Any dime, quarter, or half-dollar minted in 1964 or earlier is considered junk coin because they are no longer in circulation. These coins are made from 90% silver and are traded on a per dollar basis. There is a known amount of silver per dollar face of dimes, quarters, and half-dollars regardless of the ratio of each which makes trading them very convenient. Many people like investing in junk silver because it is much easier to sell a small amount if it is needed.
Platinum is a much less common form of bullion. The most common forms of platinum bullion that we have occasionally have in stock are the American Platinum Eagle and the Canadian Platinum Maple. Both of these types coins are pure platinum and also come in fractional sizes just like the gold. (1/10, 1/4, 1/2, and 1 ounce coins.).
If you have any additional questions or would like to know if we currently have any bullion in stock, please call us at 1-800-955-5857.