To get a fair price and avoid unpleasant surprises, it’s essential to understand how the market works, which products can be resold, and how to choose a reliable buyer.

At Royal Mint Collection, we specialize exclusively in buying back certified investment products, including gold bars and coins from recognized manufacturers such as the Royal Canadian Mint. We do not purchase jewelry, watches, chains, or scrap gold.

Here’s everything you need to know before selling your precious metals in Canada.

What Types of Gold Products Can Be Sold?

Not all gold products hold the same value on the buyback market. The main distinction lies between certified investment gold and scrap gold (jewelry, chains, rings, gold debris, etc.). At Royal Mint Collection, we only buy certified investment products:

• Gold bars
• Maple Leaf coins
• Products from the Royal Canadian Mint
• Sealed and authenticated precious metals

We do not buy jewelry or gold intended for melting. However, we can refer you to our partner jeweller, Doucet Latendresse.

Certified Investment Bars and Coins

The most sought-after products on the market are bars and coins produced by recognized refineries and institutions, such as the Royal Canadian Mint. Certified products offer several advantages:

• Guaranteed purity
• Full traceability
• Better liquidity
• Faster evaluation
• More competitive buyback pricing

Products kept in their original packaging generally achieve a higher value, as their authenticity is easier to verify.

How to Determine the Value of Your Gold Before Selling

Before contacting a buyer like Royal Mint Collection, it’s important to know the approximate value of your products. The calculation is based on four variables: the current gold price, weight, purity, and product format.

1. Gold Spot Price and Buyback Pricing

The benchmark gold price is known as the “spot price.” This is the international gold price, updated in real time according to global markets. The price offered by a buyer will always be slightly below the spot price, since it includes:

• Operating costs
• Dealer margin
• Insurance costs for transportation

Certified investment products generally receive the best buyback offers. At Royal Mint Collection, we offer a best-price guarantee on eligible products that we purchase.

2. Weight and Purity of Gold Products

The price of gold is expressed in troy ounces, a unit of measurement used specifically for precious metals. One troy ounce equals 31.1035 grams. To convert your products:

• 50 grams ≈ 1.607 troy ounces
• 100 grams ≈ 3.215 troy ounces
• 1 kilogram = 32.15 troy ounces

Purity is expressed in karats or fineness. Pure .9999 gold is equivalent to 24 karats. The basic formula is simple: weight in troy ounces multiplied by purity multiplied by the current market price. This calculation gives you the theoretical maximum value of your gold. The actual buyback price, however, will be lower.

Here are the main purity equivalents:

Karats	Fineness	Purity
24K	999,9	99.99 %
22K	916	91.6 %
18K	750	75.0 %
14K	585	58.5 %
10K	417	41.7 %

Taxation of Gold Sales in Quebec

Investment-grade gold is exempt from GST and QST. This exemption applies to bars and coins meeting the required purity threshold, including .9999 products from the Royal Canadian Mint.

From an income tax perspective, selling gold may generate a capital gain. The gain generally corresponds to the difference between the selling price and the original purchase price. In Canada, a portion of the realized capital gain is taxable under applicable tax rules, then added to the seller’s taxable income and taxed according to their marginal tax rate.

We recommend keeping all purchase records in order to document the acquisition cost with tax authorities. Please also note that Royal Mint Collection does not issue tax slips related to the purchase or buyback of precious metals. Transactions are completed directly between the seller and the buyer, and it is the client’s responsibility to report any applicable capital gains or losses to Canadian and Quebec tax authorities.

How to Recognize a Reliable Gold Buyer in Quebec

Choosing the right buyer is the most important decision in the process. Several indicators can help distinguish a trustworthy professional from a questionable buyer. Take the time to verify these criteria before entrusting your products. Signs of trustworthiness include accreditation by the Royal Canadian Mint, testing performed in front of the customer, and pricing justified according to real-time market rates. Royal Mint Collection, an official distributor since 1990 and recommended on the Royal Canadian Mint website, was also identified as an accredited seller in an article published by La Presse.

Sell Your Gold Products With Confidence

Royal Mint Collection buys back the investment products it sells: bars, Maple Leaf coins, and other certified products. The principle is simple — we buy back what we sell, with a best-price guarantee. The process is transparent, payment is secure, and personalized support is provided every step of the way. Ready to get an evaluation? You can sell your precious metals today by contacting our team.

Steps in the Gold Selling Process With Royal Mint Collection

The value of gold and silver fluctuates daily. That’s why our offers are based on the actual market price at the time of evaluation, taking into account the type of metal, purity, weight, and form of the items. Every transaction is handled carefully to reflect the true value of your metals.

1. Submit Your Request

Complete the form on our website by indicating:

• Product type (bar, coin, numismatic item)
• Weight / format (1 oz, 10 oz, 1 kg, etc.)
• Quantity
• Year or specific details (if applicable)
• Your city and contact information

Our team will immediately review your request.

2. Receive Our Buyback Offer

A member of our team will contact you promptly by phone or email to provide the current buyback price, explain the applicable terms, confirm the next steps, and answer any questions you may have. Since precious metals are commodities with constantly fluctuating prices, offers are established according to market conditions at the time of confirmation.

3. Transaction Confirmation

Once the price is accepted, a written confirmation will be sent to you. The transaction then becomes legally binding, in accordance with our Terms and Conditions. You agree to deliver the confirmed metals according to the agreed terms.

4. Shipping or In-Person Delivery

You may ship your metals according to our secure procedures or arrange for in-person delivery (subject to availability). Packages must be shipped within two (2) business days following confirmation and received within the agreed timeframe. It is essential to follow our shipping procedures in order to maintain applicable insurance coverage.

5. Authentication and Payment

Upon receipt, we inspect and authenticate the products, then verify compliance with the confirmation form. Payment is issued by bank transfer within a maximum of five (5) business days following receipt and validation.

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FAQ

When Is the Best Time to Sell Gold?

The best time to sell gold mainly depends on the evolution of precious metal prices and your personal financial goals. Since gold prices fluctuate daily based on international markets, inflation, interest rates, and the global economic environment, there is no universally ideal time to sell bars or investment coins. Many investors choose to sell when gold prices reach historically high levels or when they wish to rebalance their portfolio. At Royal Mint Collection, we monitor markets in real time to offer competitive pricing for the certified investment products we purchase.

What Types of Gold Products Do You Buy Back?

At Royal Mint Collection, we specialize exclusively in buying certified investment products, including gold bars, Maple Leaf coins, and products manufactured by the Royal Canadian Mint and certain internationally recognized refineries. Our expertise focuses solely on authenticated investment-grade precious metals recognized on the market. We do not purchase jewelry, rings, chains, watches, or gold intended for melting, as our business model is entirely focused on certified gold and silver investment products.

How Long Does a Gold Selling Transaction Take?

The time required to sell gold mainly depends on the type of products presented and the documentation available at the time of evaluation. In the case of certified investment bars and coins accompanied by their original packaging or certificates, evaluation is generally quick, and the transaction can often be completed within a few days once the products are received and assessed. Once authenticity and purity have been verified, payment can be issued using various secure methods, including bank transfer.

Can Gold Be Sold Online or by Mail in Canada?

Yes, it is entirely possible to sell gold remotely in Canada when dealing with certified investment products such as bars or recognized gold coins. At Royal Mint Collection, our buyback process was designed to be simple, secure, and fully accessible remotely, without requiring clients to visit a branch location. The process generally begins with contact by phone or email in order to obtain an approximate estimate based on the product type, weight, purity, and overall condition of the precious metals being sold. Once this initial evaluation is completed, our team provides the client with a secure and insured shipping label for transporting the products. As soon as the package is accepted by the carrier, its full value is covered by our insurance, ensuring complete protection during transit.

Upon receipt of the package, the product or products are inspected and evaluated by our team to confirm authenticity and condition before finalizing the buyback offer. Once the evaluation is completed and accepted, payment is issued promptly according to the agreed method. This approach allows investors across Canada to sell their investment-grade gold products securely, professionally, and without travelling.

Why Sell Your Gold to Royal Mint Collection?

Royal Mint Collection is an official dealer of the Royal Canadian Mint specializing in investment precious metals since 1990 and recognized for its expertise in the purchase and sale of certified bars and coins. Our approach is based on transparency, security, and personalized support in order to provide a professional experience for investors looking to sell their gold and silver products. We buy back the investment products we sell and specialize exclusively in certified precious metals, allowing us to provide rigorous evaluations and competitive pricing based on actual market conditions.

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Important Notice

The content of this article is provided for informational purposes only and does not constitute financial, tax, legal, or investment advice. Royal Mint Collection does not provide personalized recommendations regarding the purchase or sale of precious metals. Gold and silver markets may fluctuate upward or downward, and past performance does not guarantee future results. Before making any investment decision, it is recommended to consult a qualified professional based on your financial situation and personal objectives.

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