Live Spot Prices

Gold Spot: 1,962.10 -0.1%
Silver Spot: 23.62 0.2%
View Chart View Charts

How To Sell a Gold IRA

Written by retirement experts Pat Collins and John Halloran

Click Here To Print

Chances are, at some point, you will want to liquidate your gold or silver IRA account. So it’s only logical you have a plan to do so.

To help guide you through the process, the Certified Gold Exchange retirement account team created this overview on how to sell precious metals within your Self-Directed IRA.

The process will differ slightly depending on the custodian that manages your IRA and the precious metals company you utilize for the liquidation, but it should look like this:

  • Contact the company that helped you set up your gold IRA originally. (If you no longer want to work with them or they’ve gone out of business, our company’s precious metals IRA team can help.)
  • Request a buyback quote.
  • If the quote is fair, ask them to send you an Investment Direction form. This document allows you to authorize the dealer to execute the transaction.
  • The Investment Direction form will contain your basic account information and a detailed breakdown of your gold and silver transaction.

Below is a screenshot of an Investment Direction form and the information it contains.


The next screenshot is the itemized transaction breakdown on the Investment Direction form.

_In-Kind_ Distribution Option of Physical Gold and Silver Coins

  • Your gold company will typically email or fax you the document, although they can send it via traditional mail as well.
  • Upon receipt, you’ll sign the Investment Direction form and return it to your dealer. (Some dealers may even accept electronic signatures that can speed up the process.)
  • Next, contact them to make sure they received your document safely and get a guarantee that your pricing is locked in.
  • They will then submit your document to the IRA custodian for processing.
  • The IRA custodian will request the transfer of the precious metals held in your account to your dealer’s account at the depository.
  • Once your dealer receives the precious metals, they will wire the proceeds to your IRA account. Typically within 48 hours. (This process can take up to 2 weeks if the precious metals depository has to ship the physical gold or silver to another location.)
  • You are now free to take a cash distribution, purchase a different asset or transfer your IRA funds to another custodian if you choose.

Note that the best gold IRA companies will always assist with the process should you accept their help.

In addition to the steps outlined above, here are four things to consider before accepting a liquidation quote for your precious metals IRA:

  • Does the dealer buying your precious metals keep an account at the depository where the physical gold and silver coins are stored? If so, your precious metals can be shifted internally from your IRA account to the dealers’, thus avoiding costly shipping and insurance fees.
  • Precious metal dealers will frequently discount the buyback quote and offer less than the highest prevailing bid of the day. Notorious Southern California precious metals dealers will likely underpay for your metals, causing you to lose money.
  • Some dealers require clients to assign them as Designated Representatives on their retirement accounts. A Designated Representative is the equivalent of a Power of Attorney and should never be authorized. Reputable precious metals IRA companies would never make such a request, so consider it a cause for concern.

Below is a screenshot of the Designated Representative option on the application.

Designated Representative Option on Gold IRA Application

When you sell precious metals with the Certified Gold Exchange, we check pricing with over three thousand gold bullion dealers to find the highest buyback of the day. And then we beat that price. Additionally, we send you a link to the highest gold or silver bids, so you have complete confidence you are receiving the highest price of the day for your sale.

CGE and our major trading partners also have accounts with the Delaware Depository and other IRS-approved depositories serving Self-Directed IRA custodians. Therefore you will never pay costly shipping and insurance charges when you sell gold IRAs with us.

For immediate assistance with the liquidation of IRA precious metals or metals held outside of retirement plans, call 1-800-300-0715.


Tax Considerations of Taking a Distribution After Liquidating

If you have a Traditional IRA, you are responsible for paying taxes upon taking distributions. If you have a Roth IRA, you are not.

A distribution is when you take funds out of your IRA account. That amount is added to your taxable income for the year.

Additionally, if you are under 59.5 years of age, you will pay an additional 10% penalty on early distributions.

If you create a taxable event, you can elect to withhold both Federal and State taxes on your Distribution Request form.

For additional answers to your questions, contact our gold IRA experts at (800) 300-0715.
Below is a screenshot of the Federal and State tax withholding option on a Distribution Request form.

Federal Tax Withholding Election on Distribution Request for a Gold IRA State Tax Withholding Election on Distribution Request of a Gold IRA

Selling Gold in Your IRA to Meet a Required Minimum Distribution

Required Minimum Distributions (RMDs) are the minimum amount you must withdraw from your existing IRA (or any other non-Roth accounts) each year once you turn 72 years of age.

Every year your IRA custodian will send you the exact amount you must take as an RMD. This figure is calculated based on your account balance at the end of the preceding year divided by a distribution period determined from the IRS’s “Uniform Lifetime Table”.

You have until April 15th of the following year to take your RMD. If you fail to take your RMD in the allotted time, the amount not withdrawn is taxed 50%.

When you receive your RMD notification from your IRAs custodian, simply contact your precious metals company and inform them of the amount you must withdraw. You will then follow the same steps as above to liquidate the appropriate amount of metal. Your dealer will also provide you with a Distribution Request form in the amount of your RMD.

You can then select how you would like to receive your distribution payment. Most IRA custodians will send an ACH payment and check for free but will charge a fee to send a wire.

Below are screenshots of the payment options you can select on the Distribution Request form.

In-Kind Distribution Option of Physical Gold and Silver Coins

Taking an RMD in Physical Metal Rather Than Liquidating It First

A unique feature of Self-Directed precious metal IRAs are “in-kind” distributions. “In-kind” simply means you opt to take physical possession of a portion of your metal rather than sell it and receive cash.

To take an “in-kind” distribution of silver and gold coins, you’d simply contact your dealer and provide them with the amount of your RMD. They will then complete a Distribution Request form that reflects the amount of gold and silver you’ll need to withdraw to satisfy your RMD.

Below is a screenshot electing to take an “In-kind” distribution of gold and silver coins.

Distribution options for Gold IRA

Your custodian will provide you with a shipping quote from either UPS or FedEx for you to approve. You can pay for the shipping via a credit card over the phone.

Once your precious metals arrive, you’ll want to store them in either a safety deposit box or a safe at home.

But remember this is a distribution, so you’re still liable for the taxes. You have the option of paying the taxes out of pocket or selling a portion of your precious metals to raise the proceeds.

It may seem that there are quite a few moving parts when it comes to selling a gold IRA. But you can rest assured that the Certified Gold Exchanges gold IRA retirement experts have executed 1000’s of transactions to date. We’ll hold your hand and guide you through the sale every step of the way.

For the nation’s guaranteed best buyback pricing or even if you just have some questions we may be able to help with, call the Certified Gold Exchange now at (800) 300-0715.

Disclaimer: Like all investments gold and silver IRA accounts carry risk. Additionally,  they don’t pay a dividend or interest, so they are not suitable for anyone needing to generate income. The only way to profit is to hold the metals long enough to pass your break even point and then liquidate.

Edward AlbertEdward Albert ★★★★★ I was looking to liquidate the precious metals in my IRA . The horror stories I had heard of about some gold and silver dealers had me very apprehensive. When I called Certified Gold Exchange and talked with Patrick, I quickly felt a sense of trust in his voice. He answered all my questions and understood my fear of getting taken advantage of. He and his team work very hard behind the scenes ensuring the transaction to go smoothly. As a result CGE has earned my 5 star rating! I will contact them again if I want to buy or sell in the future!ALAN BROWNALAN BROWN ★★★★★ Certified Gold Exchange's website really jumped out to me as I began researching precious metal IRA's. I found it to be incredibly comprehensive and informative, answering questions I did not even know to ask and alerting me to bad practices within the industry as well. So, I called and found the CGE team to be every bit as helpful as the website. They were responsive immediately and throughout the process of establishing an account and funding it. They were particularly helpful when dealing directly with my current custodian and getting funds rolled over. Pat and Mary have been courteous, personable, and very professional working with me and even helped with questions outside the immediate business at hand. I have already referred friends to CGE and will continue to do so.Alison WeinbergAlison Weinberg ★★★★★ Pat and team are very knowledgeable and professional!Ismail KenessyIsmail Kenessy ★★★★★ Customer since 2005. Professional, courteous, and helpful. CGE walked me through the process and provided the best prices available with minimum costs. Excellent service.Joe MurrayJoe Murray ★★★★★ What super service I received from the Certified Gold Exchange precious metals IRA team. Wow is all I can say! I had a large amount of coins in a gold and silver IRA for many years and decided to sell. I spent just about a whole day talking to several metals dealers about purchasing my metals. Call after call I did not feel good about what I was hearing with these dealers so I called the company that helped me set the gold and silver IRA up. Their name is Broad Financial LLC. I explained the problem I was having with finding a buyer and they said that is common in the industry. They told me to call the Certified Gold Exchange, Inc in Fort Worth, Texas. I spoke with Mr C there and was impressed that their quote was above the spot price (because I was hoping to get the spot price). They explained that American Eagles buy back at over spot and I said not with all the other dealers I called. I shipped the metals to their New York depository following the Certified Gold Exchange's instructions. Candace at CGE tracked the package every step of the way and I was updated along the way. Then when my metals arrived at the Certified Gold Exchange depository they told me that several of my coins were actually American Eagle Proof coins, not the bullion version I thought I had. They increased their original quote by $3000.00 dollars! Shocking that a company would be so honest because they could have just sent the original amount and I would have been happy. Needless to say I will never deal with a different metals dealer except the Certified Gold Exchange. Their gold IRA team is the best by leaps and bounds. I highly recommend Candice, Mr. C and the CGE team to any one looking to buy or sell metals with a great experience. Americans trusted source For Gold is not just a tagline with these folks.ted okolowiczted okolowicz ★★★★★ After searching and checking out different metals companies, I decided that Certified Gold Exchange Inc. was my choice. They have exceeded my expectations and made my IRA rollover easier than I thought.You can be very confident by the way every step was handled (very professional).So kudos to the whole TEAM and thank youJoseph GlassmanJoseph Glassman ★★★★★ I had a very good experience with Certified Gold Exchange and I highly recommend anyone considering a IRA Rollover into precious metals, talk to David White at Certified and do business with them. They are honest and will have your best interest as their concern.. David took care of my needs completely with honest and fair pricing. I shopped around and decided on Certified.Lefty and Mary JamoraLefty and Mary Jamora ★★★★★ Thank you David and Pat for educating us on the gold and silver markets. Pat especially helped us thru our first purchase of silver.M PhommahaxayM Phommahaxay ★★★★★ So glad I found CGE! Although, they don’t do business in my state, David White was so kind to take the time out of his busy schedule to educate me on precious metal investing. His advice was extremely valuable which saved me a ton of money. I would definitely recommend and refer any of my friends or family members interested in investing in precious metals in their service area. So thankful for David and this company!Rickey JohnsonRickey Johnson ★★★★★ My experience so far with Certified Gold Exchange was all very positive. Everything went smoothly and P. Collins was awesome in helping us navigate through the process.Aaron BrabhamAaron Brabham ★★★★★ I called Certified Gold Exchange to get information on a crypto currency IRA. I had a ton of questions and Steve not only answered all of them but also informed me of many things I had not thought of.I decided to invest $60k and in just three months it's over $120k! Not only that, the team at Certified Gold Exchange has excellent customer service.I highly recommend them.Mark OLearyMark OLeary ★★★★★ Philip with the certified gold exchange was incredibly helpful in helping me to setup a Cryptocurrency IRA. He knew exactly what questions to ask my existing custodian to make the rollover as seamless as possible. In just a short few months with the recommendations of Philip; I have already seen over a 250% return on my investment. Highly recommended.Gal TabGal Tab ★★★★★ The reason I give it the maximum stars is because everything happened just the way they planned it. I invested a considerable sum of money with them and as anyone would be, I was a little scared. I did my research and They came highly recommended as being ethical brokers. Their fees are very competitive and look forward to doing more business with them.Diana FincherDiana Fincher ★★★★★ I rolled over my IRA into Silver a couple of years ago and made a friend! Agent Pat C, Certified Gold Exchange, Inc., has far exceeded my expectations with continuing, careful watch over my investment. He always surprises with immediate personal response to my slightest question and inspires confidence to hold to The Plan. Pat’s personal touch and excellent recall is reassuring and has proven that he will keep me informed when any changes are advised. Ask for Pat - he’s excellent, excellent!Steve AstinSteve Astin ★★★★★ This was the 3rd company I called and by far the most professional. Thanks Patrick for the great service!Alicia O'RearAlicia O'Rear ★★★★☆ Thank you for donating 16 bibles for our foster children at Albuquerque Christian Children's Home! This is a wonderful company with a heart for ministry.Kyle SandersKyle Sanders ★★★★★ I was interested in doing a gold IRA rollover and contacted several firms after researching on the web. Certified Gold Exchange's website had the most useful information by far compared to other firms. Their representatives have been a pleasure to work with--professional, answered every question I had, and I'd recommend them to anyone looking at a gold IRA rollover.Robby BryantRobby Bryant ★★★★★ I am a Certified Financial Planner, and Certified Gold Exchange has helped us purchase gold for 16 years without a hitch for our clients and at excellent prices. We couldn’t be more satisfied!Anne SayreAnne Sayre ★★★★★ My husband and I were thrilled with the service we received at Certified Gold Exchange! Shipping our gold to us was quick and very simple. So happy we did not have to pay for the TV advertisements with celebrities like so many of the other precious metal companies. We will be buying again from CGE!Neenah PayneNeenah Payne ★★★★★ Certified Gold Exchange, Inc. is a highly professional firm that was a pleasure to do business with. It provides fast and accurate service. The firm went out of its way to be helpful on a number of key issues. I highly recommend them. I was extremely lucky for several reasons to have called the Certified Gold Exchange, Inc. when I was ready to sell my gold and silver coins. When I called the firm, Liam on the service desk explained that they scan hundreds of gold dealers to get me the best price. That was very comforting.When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.Jovita GarcesJovita Garces ★★★★★ What do you do with what little you have to put away for the future? After my divorce 16 years ago, I decided I needed to find an IRA and invest my children's money into something that would retain and grow in value through the years. I found a great website called Certified Gold Exchange that intrigued me and when I called, John listened and understood my needs and helped me understand the value of investing in rare coins and precious metals before taking that all important step. I am happy I took a leap of faith knowing the prospect for growth in my precious metals IRA and children's funds for college and maybe first home some day was very real. I believe I made the best choice for our future. I can always trust CGE to give me honest and dependable service everytime I call in them.Maria SMaria S ★★★★★ Patrick Collins and Certified Gold Exchange (CGE) Team: I appreciate the support, you took me on for this transaction when I wasn’t even an existing client. (Yes I know CGE made some money). It was you manner, caring and fast response that made me feel very comfortable with you.Your interest in helping me on such short notice shows how much you care for your clients. I hope 🤞 to have you as one of my financial team in the future.Natalia ArizaNatalia Ariza ★★★★★ Certified Gold Exchange is the best metals company in the US hands down!Paul LiftonPaul Lifton ★★★★★ Piper PetersonPiper Peterson ★★★★★ It's not always the case with precious metals dealers but the Certified Gold Exchange hires the best advisors in the industry and this is the reason for their outstanding reputation.Eric BenjaminEric Benjamin ★★★★★ We have purchased from several dealers and hands down these guys have been the best. Above and beyond are the words I would use to describe their service. You will not be disappointed if you have been on the fence about buying!Josh SingerJosh Singer ★★★★★ Working with Certified Gold Exchange has been a great experience. The Certified Gold Exchange staff are very very good communicators and clearly have a lot of experience. Anytime we had a question or needed anything from them they responded the same day, if not the following morning. I would recommend working Certified Gold Exchange. Hands down great communicators and great business people.Burt DumertonBurt Dumerton ★★★★★ I have been working with Certified Gold Exchange Inc. since 2005 and have found them to give exceptional service and prices for precious metals. They have always treated me with great respect and given extraordinary personal attention to my account and to me personally. Their advice on many occasions have kept me from making some pretty serious errors in my investment decisions. They are prompt to return my calls and take special care to not be pushy or arrogant. Excellent to do business with. Give John a call.js_loader

Discover What Your Current Gold Dealer Doesn't Want You To Know


    Get Our Award Winning Reports

    Get My Free Reports

    $500 Cash Rebate Program on Select US Mint Products

    Fund your gold IRA by 9/1/2015 and you'll receive up to $500 cash back.

    Callers receive expedited service and a free CGE golf cap.

    Call 1-800-300-0715

    No thanks

    The Certified Gold Exchange has suspended all walk in visitors until further notice because of our staff reluctance to be vacinated. Most team members are working from their homes and may meet with clients at their sole discretion.

    To learn more about our policies on this matter, please call
    1-800-300-0715 Ext. 303. Thank you.


    Investor ToolsPlease choose the following info

    • Super Cycle
    • AF
    • Stocks
    • Bail-Ins
    • FDIC
    • MyRA
    • US Debt
    • AESP
    • ShadowStats
    • Silver
    • SDIRA
    • KT Fees
    • Roth Conversion Calculator
    • Roth IRA's
    • PBC
    • BBB

    Discover What Your Current Gold Dealer Doesn't Want You To Know


      Request a Call
      Please complete the following info

      America’s Trusted Source For Gold