Precious Metals Buy Back Program
Monex is proud to announce the Metals Buy Back Program, a limited time opportunity created for investors who wish to liquidate their precious metals regardless of where they were acquired.
Whether you’re selling bars or coins, the process is simple.
- Call a Monex Account Representative and find out which of your metals qualify. Metals from almost any source will qualify for this program.
- Send us your metal through the shipping method provided by Monex. You will have free shipping, packaging, and insurance on almost any metal you send us.
- Upon arrival, your metals will be verified to confirm their authenticity and purity. Once authenticated, the process of stating a bid price and payment options will be discussed.
All it takes to start is one simple phone call. Call a Monex account representative now and discover how easy it can be to sell your precious metals.
Buy Back Program FAQ's
What are the minimum and maximum transactions allowed?
The minimum quantity of commodity to qualify for the free shipping and insurance feature of the Metals Buy Back Program is 300 ounces of silver bullion coins or bars, and 5 ounces of gold, platinum and palladium coins or bars.
There are maximums for the Metals Buy Back Program, which your Monex Account Representative can explain.
Which metals will Monex buy?
Monex has a history of buying and selling precious metal products that have high volume, high quality, and popularity in markets around the world. This allows us to purchase almost any of your gold, silver, platinum, and palladium coins and bars regardless of the acquisition location.
How is the price of my metals determined?
Monex believes in transparency, that is why the price we pay for your metals is published and updated minute-by-minute on our website. The bid price on our site is the price we pay for your metals*. Visit our live prices page to see all of our live bid prices.
*ATLAS Preferred pricing does not apply to this program and sell charges do apply.
What is bid price?
The bid price is the price per ounce at which Monex will buy gold, silver, platinum, or palladium metals. Visit our Live Prices page to see all of our current bid prices.
How are my metals verified?
Your metal’s authenticity and purity is verified through a third-party company which specializes in authenticating precious metals.
Who is insured?
We insure your package based on the ounces of commodity shipped when using the Metals Buy Back Program pre-printed shipping label.
What is the shipping process?
When you decide to send us metals, we will provide shipping, packaging, and insurance and will do it free of charge for almost any metals shipped to us, for a limited time. Call a personal Account Representative to see how easy it is or click the following link to see the step-by-step process of shipping your metals to Monex.
What happens after I send my metal to Monex?
Once the depository confirms receipt of metals (and verifies), an Account Representative will call you on a recorded line to lock in the sell transaction based on the current bid price at the time of verbal confirmation. See current prices on the live prices page. Note that sell charges apply. Call your Account Representative for details. Funds will be available for disbursement after 24-48 hours.
Why is Monex the best place to sell my metal?
Monex has been a trusted name in precious metals investing for over 50 years. In this time, Monex Deposit Company and its predecessors have engaged in over $60 billion in customer transactions partly thanks to our two-way buy/sell market. Call 1-800-444-8317 now and speak with a knowledgeable account representative who can tell you more about the Metals Buy Back Program and how our two-way buy/sell market could benefit you.