please be aware that we only accept cash, cashier's check, or money wire as payment for any products or services.
Selling Precious Metals
At Cascade Refining, along with refining and purchasing precious metals, we also sell them. The precious metals we sell are gold, silver, and, if available, platinum and palladium. 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 $1,900.00 per ounce," they are referring to a troy ounce.
Please note that we will do our best to keep gold and silver bullion in stock, but if demand stays high for long periods of time, our supplies may be low or run out. Please also keep in mind that this is usually a rare occasion but if it does happen, just keep checking in with us. With high demand, we may not give volume discounts as we do when demand is lower.
Please see our prices page for a list of current selling prices.At this time we sell:
- Gold Eagles/Buffalos
- Gold Maples
- Gold Krugerrands
- Gold Bars
- Pure Gold Shot (for jewelry making)
- Silver Rounds
- Silver Eagles
- 10 and 100 Ounce Silver Bars
- Junk Silver Coin (Old U.S. Currency)
- Platinum Eagles
Gold
We sell a few different types of gold bullion with the most common being coin form. The most common coins that we carry are the American Gold Eagle, Canadian Maple Leaf, and the South African Gold Krugerrand. Each of these coins come in a few different sizes: 1/10 ounce, 1/4 ounce, 1/2 ounce and one full ounce, with the one ounce size being the most common.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 91.67% gold, 3% silver, and 5.33% copper. Gold Krugerrand coins are also 22 karat but are 91.67% gold and 8.33% copper. This makes them more durable. This coin is minted by the U.S. government and will always come at a premium. It is usually the most expensive form of gold bullion.
The US minted Gold Buffalo and the Canadian minted Gold Maple Leaf coins are made of 99.99% pure gold. The Maple is very soft and scratches extremely easily. If proper care is not taken the coin may become damaged. We can still purchase your scratched Maple Leaf or Buffalo coin but it will be at a slightly lower rate.
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 of the gold bullion coins to purchase.
We now are selling one troy ounce gold bars which are a more affordable way to own gold bullion as it will be cheaper for you to buy than the gold coins listed above.
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 currently 2% over the spot price of gold with a surcharge of about $5.00 per troy ounce added, making it the least expensive form of gold bullion. However, gold shot, or gold casting grain as it is also called, 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
Silver bullion comes in many forms. The most common types of silver bullion which we sell 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 high premium just like the gold eagle.
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. 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 the fact that they are 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. 100 ounce bars are the least expensive form of silver.
We also sell junk U.S. coin, we have coined the phrase "survival silver" as another name for these dimes, quarters, or half-dollars minted in 1964 or earlier. They are 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
Platinum is a much less common form of bullion. The most common forms of platinum bullion that we occasionally have in stock are the American Platinum Eagle and the Canadian Platinum Maple. Both of these types of 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.