Sell ​​gold bars at the Sparkasse

instagram viewer

You are in possession of a gold bar and would like to sell it to the Sparkasse. Just go there and lay it on the counter would be the wrong way to go. You will now find out what you should be aware of.

Gold in its purest form - the gold bar.
Gold in its purest form - the gold bar.

Selling gold bars from the bank - rather unusual

  • You probably know it the other way around. Selling a gold bar to the Sparkasse is not the classic. The Sparkasse usually offers its customers precious metal in the form of bars sale at.
  • These gold bars from the Sparkasse have a special name and are known under the name "S-Kinebar".
  • The S-Kinebar is available in different weights and therefore also in different prices. The price is based on the daily gold price.
  • The S-Kinebar is provided with a hologram, a so-called kinegram. Of course, this kinegram also greatly increases the security against counterfeiting.

The savings bank buys the bars

  1. First call your local savings bank.
    2. Volksbank: Buy and sell gold bars - this is how it works

    The business with precious metals takes place in different places. Buy and ...

  2. Indicate that you want to sell a gold bar.
  3. Inquire about the contact person responsible for trading in precious metals. The Sparkasse processes this gold bullion purchase through its in-house securities department. Since not every branch of the Sparkasse has such a department, it is possible that you will be expelled.
  4. Make a note of the information or let us put you through to the securities department. Make an appointment and the place where you will meet for the settlement. This place will most likely be the Sparkasse branch.
  5. You need some data about the gold bar. What is the weight of the gold bar and who was the manufacturer? If you find the label "Degussa" on the bar, the current manufacturer would be the company "Umicore". Would you like to sell such a gold bar? The Sparkasse will know this fact and have no problems with it. If you still have the certificate of authenticity, so much the better. Take it with you for sale.
  6. In any case, take your identity card with you when processing the sale. The sale and purchase of precious metals will always take place with a corresponding contract.

If you take these tips into account, you can then say: "I successfully sold the gold bar, the savings banks bought it".

How helpful do you find this article?

click fraud protection