Holland Gold determines the buyback price of precious metals based on the fine weight, the current spot price and the buyback premium. This applies to gold, silver, platinum and palladium.
For an immediate valuation of your precious metals, see our pages about selling gold, selling silver and selling platinum and palladium. Here you can also complete your sale online and lock in the price, seven days a week, 24 hours a day. Or contact us by phone on +31 88 468 8400 (Monday to Friday from 09:00 to 17:00).
The current buyback price consists of 3 fixed elements:
Buyback price = Fine weight × (spot price ± premium) – processing costs
- Fine weight Fine weight is the net weight of pure precious metal in the bar or coin that you sell to us. The gold bars sold by Holland Gold contain 99.99% pure gold, but historical coins often have a lower purity. Historical Dutch silver coinage, for example, contains only 72% silver, so one gross kilogram contains only 720 grams of fine silver.
- Current spot price The spot price is the real-time market price. Please see our pages showing the gold price, silver price, platinum price or palladium price. This price moves continuously during trading hours. On our website, you can see the current prices and a timer showing when the price will be updated.
- The buyback premium The buyback premium is the percentage that we offer above or below spot. This percentage differs per product and depends, among other things, on tradability, supply and demand and processing costs.
Which product characteristics affect the buyback price of gold, silver, platinum and palladium?
Holland Gold also buys gold, silver, platinum and palladium that was not originally purchased from us. However, not every bar and coin is of the same quality. The following product characteristics may affect the buyback price.
- LBMA/LPPM accreditation The LBMA Good Delivery List and the LPPM Good Delivery List are lists of internationally recognised refineries that meet the requirements of the London Bullion Market Association and the London Platinum and Palladium Market respectively. For gold and silver bars, we look at LBMA accreditation. For platinum and palladium bars, we look at LPPM accreditation. We buy bars from accredited refineries at standardised premiums. We may offer less for bars from non-accredited refineries.
- Bars and coins without LBMA/LPPM status Some non-LBMA producers are widely accepted in the Dutch market, while other producers are less liquid. We buy Drijfhout bars at favourable rates. Bars from the Belgian producer Tony Goetz, on the other hand, are purchased at the lower non-LBMA rate. We buy platinum or palladium bars from non-LPPM products at a reduced rate.
- Different purity or weight Some bars have a lower purity, for example 995/1000 instead of 999/1000. These bars contain less fine precious metal than standard products. The buyback price is then adjusted based on the actual fine weight.
- Wear on coins Wear occurs mainly with historical coins, such as Dutch gold ten-guilder coins. When these have been worn as jewellery in a pendant, they can lose weight through contact with clothing or skin. If the weight has decreased significantly, for example by 0.05 gram or more, the buyback price is adjusted proportionally.
- Tradability of the product Investment coins made of silver, platinum and palladium are often bought back at a premium above the spot price under normal market conditions. This premium is variable and depends on current market conditions, resale potential and costs for dealers. Changes to VAT rules for newly minted coins can also affect pricing.
Why is a lower price offered for non-LBMA/LPPM or worn products?
Precious metal dealers may offer less for less liquid or worn products because these products cannot always be resold as investment products. They may first need to be melted down or analysed.
Refineries charge melting and analysis costs for this. With a transparent dealer, these kinds of price adjustments should generally amount to only a few percent.
Products that we do not normally buy, such as silver medals, cannot be sold online. Contact our customer service team on +31 88 468 8400 to discuss the possibilities.
Would you like to know in advance exactly how selling gold, silver or platinum & palladium works? See our FAQ page about how selling precious metals works.
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