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How to Sell a Gold IRA

In this page we cover everything you need to successfully sell precious metals within a self directed IRA. But first, below is a quick outline of the liquidation process.

 
 
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Step-by-step instructions on how to sell a gold IRA:

  1. Have your most recent precious metals IRA statement available.
  2. Call CGE at (800) 300-0715 and request an account valuation.
  3. Our gold IRA team will perform a nationwide search for the highest buyback available.
  4. Once the price is agreed upon, we’ll help you to complete the required paperwork.
  5. We’ll work with your gold IRA custodian to facilitate the liquidation.
  6. Upon receiving your metal at our account at the depository, we’ll wire funds to your IRA.

The Certified Gold Exchange (CGE) is authorized to buy and sell gold and silver with all 19 self directed IRA custodians so if you want to know how to sell a gold IRA, look no further. Call our liquidation specialist today at 800-300-0715 to receive our highest quote for your gold and silver IRA.

We have been serving clients since 1992 and offer a Price Match Plus Guarantee. Most importantly, in over 30 years of selling and repurchasing metals, we’ve never had a single client complaint.

What Do You Want to Accomplish By Selling the Metals Within Your IRA?

  • Are you looking to liquidate a gold IRA and move your money to another custodian?
  • Do you want to sell a gold IRA and take a distribution of the cash?
  • Have you inherited a precious metals IRA and want help selling gold?
  • Do you have to sell some metal to take a Required Minimum Distribution?

It’s important to be clear on what you want to accomplish because each scenario requires a different set of paperwork to process. Next, pull up your most recent statement and call CGE at 800-300-0715 to request a buyback quote.

Request a Precious Metals IRA Valuation

sell-a-gold-ira-valuation-priceContact our gold IRA team and request a buyback quote. We’ll perform a nationwide search of the major online dealers for the highest possible buyback price, and we’ll beat it per our Price Match Plus Guarantee.

Something important to consider prior to accepting a liquidation quote is whether the dealer you’re selling to has an account at the depository where your physical gold and silver is stored. If so, your precious metals can be transferred internally from your IRA account to the dealer’s account for secure delivery. This eliminates any shipping or insurance costs. 

CGE and our trading partners have accounts with the Delaware Depository and several other storage facilities. Therefore, in most cases, you will not need to ship your metal when selling to us. Please call us at 800-300-0715 for a full list of gold IRA storage depositories where we maintain accounts.

 

Authorize the Required Investment Direction Paperwork to Sell a Gold IRA 

In order to sell precious metals, you’ll have to authorize an Investment Direction form that will be completed with the transaction details by our staff. This document is required by custodians when buying or selling precious metals within your IRA. Below is a sample Investment Direction form from Strata Trust. However, we are authorized to work with all of the self-directed gold IRA custodians. 

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The following example screenshot is where we’ll list the items you’re selling and for what price. Your signature will authorize the transaction. 

list-precious-metals-items-for-sale-from-your-ira

We Work with Your Custodian to Facilitate the Precious Metal Liquidation

Once we receive your completed documentation, we’ll submit it to your custodian. We’ll coordinate with them to move your precious metals to our account at the IRS approved depository. Upon receipt of your metals, we’ll wire the proceeds of the sale to your IRA account. This process will typically take 48 hours.

Tax Implications When You Sell a Gold IRA

One of the main tax advantages of gold IRAs is that you can purchase gold and sell gold within your retirement account without any tax implications. Per gold IRA tax rules, you only have to pay taxes when you take a distribution from the account, unless it’s a Roth IRA.

Now That You Have Cash in your Account, What’s Next?

Now that you have sold your precious metals and have cash in your account, you have a few different options.

Transfer Funds to Another Retirement Account

Once you sell your precious metals, you can transfer the IRA funds to another retirement account. Your new custodian will have to submit a transfer request document to your gold IRA custodian. Cash assets will typically be transferred to traditional IRAs within 72 hours.

If you want to transfer your assets to an existing 401k, you’ll have to contact your provider, and they’ll reach out to your traditional IRA custodian to move funds.

Take a Cash Distribution

Once your IRA funds are liquid, you can elect to take a partial or complete distribution (withdrawal). This will require completing a Distribution Request form.

On the form, you’ll select whether or not you want to withhold state and Federal taxes if applicable. Not having taxes withheld is the most popular choice because it allows you to pay the tax liability at your own discretion. If you are under 59.5 years of age, you will pay the IRS an additional 10% penalty on early distributions. Below is a screenshot example of the tax withholding options.

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Below is a screenshot of the payment options you can select on the Distribution Request form. An ACH payment is typically free of charge, and a wire transfer will cost around $30. Depending on your chosen method, you’ll receive payment within 24-48 hours of processing.

liquidation-method-options

Tax Implications of Taking a Distribution from a Traditional Self Directed IRA or SEP IRA

If you are over 59.5, you can take a normal distribution from a traditional IRA. Distributions will be considered income for tax purposes. If you take a distribution prior to being 59.5 years of age, per the IRS, it’s considered an early withdrawal, and you’ll pay taxes of an additional 10%.

Tax Implications of Taking a Distribution from a Roth IRA

If you are over 59.5 years of age, you can take a normal distribution from a Roth IRA. Being that Roth IRAs are funded with after tax dollars, distributions are tax free. But if you take a distribution prior to being 59.5, you’ll have to pay a 10% penalty tax, just like with traditional IRAs.

Reinvest in Another Asset Class

Your self directed IRA permits investing in many different asset classes. If you want to purchase a different class of assets other than precious metals, chances are your current IRA trustee can facilitate the transaction.

Maintain a Cash Account

If you choose to maintain your retirement savings in your self directed IRA in cash, your custodian will pay you interest on the funds just like a money market account.

Sell Gold in Your IRA to Meet a Required Minimum Distribution

Required Minimum Distributions (RMDs) are the minimum amount an IRA owner must withdraw from their retirement accounts (except Roth IRAs) each year once they turn 72 of age per the IRS.

Your gold IRA custodian will send you a notification with your calculated RMD amount. This figure is based on your account balance at the end of the preceding year divided by a distribution period determined from the IRS “Uniform Lifetime Table”.

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

When you receive your RMD notification from your custodian, simply contact the Certified Gold Exchange and inform us of the amount you must withdraw. We’ll send you an Investment Direction Form to authorize the sale of the appropriate amount of metals. We will also provide you with a Distribution Request Form that will instruct the custodian where to send your required distribution.

Take an In-Kind RMD Without Having to Sell Precious Metals In Your IRA 

Precious metals IRAs are unique in the fact that you can take an in-kind distribution. “In-kind” simply means you opt to take physical possession of a portion of your physical metals rather than sell it to receive a cash distribution.

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

RMD-in-kind-distribution-liquidation

Your gold IRA 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 metal coins arrive, you’ll want to store them in either a safety deposit box or a home safe.

If you do take an in-kind distribution, please remember you’re still liable to pay taxes (unless it’s a Roth IRA).  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 gold or other precious metals within an IRA, but you can rest assured that the Certified Gold Exchange’s gold IRA retirement experts have executed 1000’s of transactions. We’ll be happy to help you complete the required paperwork to ensure a smooth and hassle free precious metals liquidation.

To sell a gold IRA quickly and receive the highest level of service, call the Certified Gold Exchange today at (800) 300-0715.

Sell Gold IRA Frequently Asked Questions

I’ve inherited a gold IRA, what do I do?

If you’ve inherited a gold IRA and want to sell precious metals within it, you must first transfer the account into your name. You’ll need to complete an application to establish a new account and also submit a death certificate.

Once the account is in your name, you can liquidate the precious metals. You’re then free to take a distribution or move the assets to another custodian.

Call CGE at 800-300-0715 for help to liquidate a gold IRA you’ve inherited.

How to sell gold from a home storage gold IRA?

If you have a checkbook gold IRA and you store your physical gold at home, selling some of your precious metals is a bit more complicated because there is additional paperwork required by your IRA trustee so that you remain in compliance with IRS specific rules. For help to sell precious metals from a home storage gold IRA call CGE at 800-300-0715.

Is it a good time to sell gold IRAs?

Traditional gold IRAs have become very popular as of late. Historically, gold and other precious metals have performed well during inflationary times. Gold IRAs can also perform well during economic uncertainty and war. If you don’t have to sell gold right now, you may be better off waiting a while. Or you may want to consult your financial advisor.

How does my custodian value gold IRAs?

Depending on your gold IRA custodian, they’ll value your account in a few different ways. One of the most common is to use a spot price valuation. They’ll simply multiply the number of ounces of gold, silver and other precious metals coins you have by the spot price. But many coins are worth more than just the spot price so your statement will frequently show a value less than the real value.

Some custodians require that you provide a value of your assets at the end of each year. And others will pull data from an online source like bullionvalues.org.

How long does the process take to sell a precious metals IRA?

The process to sell gold, silver, platinum and palladium bars or coins will depend on your custodian and which IRS approved depository your metal is stored at. But in general, to liquidate precious metals will take around a week.

Will CGE purchase my precious metals?

Although we’re typically a large volume discount dealer, chances are we can purchase your precious metals assets. If for some reason we’re not able to help, we’ll point you in the right direction so you avoid the many gold IRA scams.

To sell a gold IRA today, call our retirement experts 800-300-0715.

Written by Gold IRA Experts Pat Collins and John Halloran

gpaanagpaana ★★★★★ It has been my pleasure working with Patrick Collins and Sara with CGE inc.being new to selling metals, Patrick walked me step by step in the process through distributions with my IRA. Whenever I contacted him with questions or concerns, he replied within an hour or minutes to resolve my percieved issues. What a comfort Patrick has been in this (at times) somewhat stressful process.Thank you Patrick!Tandy ClineTandy Cline ★★★★★ I recently sold Gold and Silver through a precious metals IRA. I had an amazing team at CGE working to buy and handle the sales process of my metals. The team was fast, honest and overall outstanding. I had a sales price and contract within 2 hours! 😮It was my first time selling precious metals and they made the process as seamless as possible, despite multiple hiccups caused by my chosen custodian failing miserably. I will choose this team for every precious metals purchase or sale in my future.Bryan VBryan V ★★★★★ Gold Exchange has always been a trusted source of my precious metals and the after support is worth its weight in gold! Patrick Collins is always there to help, support, and go the extra mile! If you are going to invest in precious metals anyone can sell you bars or coins - but nobody has better customer service! BAR NONE!Mark LamdenMark Lamden ★★★★★ I was new the directed IRA concept, but was very grateful to Patrick at CGE in helping me navigate the process. I look forward to a long term relationship with CGE and Patrick as a trusted precious metals dealer.Belinda MurelBelinda Murel ★★★★★ Working with Pat and the team at Certified Gold Exchange made the process of diversifying my retirement savings stress free. I’m confident the selection of precious metals offered were the best fit for my situation and at the best price. No high pressure sales tactics, just fact based answers to the questions and concerns I had. Highly recommend.Timothy FeeleyTimothy Feeley ★★★★★ Working with Certified Gold Exchange has been a positive experience. Working with Pat is not just working with another business vendor, I feel I am working with a trusted advisor. No hard sells. No wild claims. His explanation of the paperwork process between companies and his follow-up during the process is excellent. I appreciate his fact-finding approach to my specific needs. He always had time for me to ask questions and/or discuss ideas I was thinking about. A good business relationship.Warren RichardsonWarren Richardson ★★★★★ I had an excellent experience with Certified Gold Exchange. I dealt directly with Pat Collins who was professional, knowledgeable, informative, and very easy to work with. He responded quickly and precisely to any and all of my questions. Very highly recommended!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
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10 GOLD IRA SCAMS
DEALERS USE ON YOU

10 Gold IRA Scams Dealers Use On You

10 Gold IRA Scams
Dealers Use On You

Secure your retirement! Avoid these 10 Gold IRA scams.

Secure your retirement!
Avoid these 10 Gold IRA scams.
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    We Do Not Allow Visitors to Our Call Centers. 
     
    The Certified Gold Exchange is a national volume discount dealer supplying popular bullion and PCGS certified coins. Since 2020 most of our representatives work remotely. We no longer allow visitors to our Fort Worth Call Center but you can still get the same great service by calling.
     
    Our institutional staff does take visits from bank, and corporate clients. 
    To learn more about this policy please call 800-300-0715

    10 Gold IRA Scams Dealers Use On You

    10 Gold IRA Scams
    Dealers Use On You

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    Secure your retirement! Avoid these 10 Gold IRA scams.

    Secure your retirement!
    Avoid these 10 Gold IRA scams.
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      Discover 7 Secrets Your Gold Dealer Doesn't Want You To Know