How to sell gold and silver in Canada
Buying is the easy part. Selling well requires preparation, timing awareness, and dealer comparison.
Know your product before selling
Dealers pay different rates for different products. Sovereign mint coins like Maple Leafs and Eagles typically command better buyback rates than generic bars or rounds. Keep original packaging and documentation to support authentication.
Dealer buyback vs peer-to-peer
Selling to a dealer is fast and straightforward but usually means accepting a price below spot. Peer-to-peer sales through forums or local groups can yield better prices but involve more effort and risk. Choose based on the size of sale and your comfort level.
Timing and expectations
Dealer buyback spreads widen when markets are volatile. If possible, avoid selling during sharp price drops when dealers increase their margin of safety. Check multiple dealers for buyback quotes — rates can differ meaningfully.
Tax implications of selling
Selling bullion at a profit may trigger capital gains tax in Canada. Keep records of your original purchase price, date, and any fees. Consult the CRA capital gains guide or a tax professional for your specific situation.
How to use MapleBull for this
Before buying, check how many dealers list a product and how tight the pricing is. Products with strong multi-dealer coverage tend to be easier to sell later. Plan your exit before your entry.