Smooth, secure, and transparent buyback for your gold and silver.
What is The Wessex Mint Buyback Guarantee?
At The Wessex Mint, we understand the importance of having a reliable exit strategy for your precious metals. That’s why we proudly offer our Buyback Guarantee, providing you with peace of mind and flexibility.
Should you ever need cash quickly or decide to realize gains from your gold or silver holdings, we are here to buy them back. We commit to buying your bars back based on the prevailing spot price of gold and silver, allowing you to invest with complete confidence. See our full Terms and Conditions for complete details.
| Product | Member Rate (of Spot Price) | Non-Member (% of Spot Price) |
|---|---|---|
| 1 Gram Silver Bar | 99% | 99% |
| 2.5 Gram Silver Bar | 99% | 99% |
| 10 Gram Silver Bar | 99% | 99% |
| ½ Ounce Silver Bar | 99% | 99% |
| 1 Ounce Silver Bar | 99% | 99% |
| 1 Gram Gold Bar | 99% | 99% |
| 1 Ounce Gold Bar | 99% | 99% |
Please note: The exact percentage deducted as a fee may vary based on market conditions and the specific product. The Wessex Mint members benefit from more favourable rates.
How Our Buyback Guarantee Scheme Works
Send Your Silver/Gold
You securely ship your gold or silver to The Wessex Mint.
Valuation at Near Spot Price
Upon receipt, your bars are valued based on the spot price of gold/silver on that day.
Choose Your Option
You can then choose to receive:
Funds added to your account balance for future purchases within The Wessex Mint.
A direct bank transfer to your nominated account.
Yes. If you have previously purchased gold from The Wessex Mint but are not currently a member of the Gold or Silver Program, you can still submit a buyback request. Please be aware that different buyback rates apply to non-members, as outlined in the table above.
We strive to offer the best possible value when buying back items purchased from The Wessex Mint. Our buyback price is determined by the current spot price of silver, less a modest service fee.
This fee helps to cover our operational costs, the necessary assaying process to verify the purity and weight of the silver, and a small margin. Additionally, a $25 insured shipping label is required to securely transport your metals to our facility.
Therefore, while we aim for highly competitive rates close to the spot price, the buyback amount is not guaranteed to be 100% of your original purchase price or the current retail price.
Yes, to ensure a smooth and fully buyback guarantee process, we exclusively accept silver that was originally purchased directly from The Wessex Mint. This allows us to quickly and accurately verify the authenticity and quality of your metal.
Typically, payment via your chosen method (Vault credit or bank transfer) is processed within 72 hours after we receive and successfully verify your shipment.
*Please note that while we aim for this timeframe, the payment processing timeline can occasionally vary. This option is not recommended for individuals requiring immediate liquidity.
No, there is no mandatory minimum hold period. You have the freedom to sell your silver back to us at any time, without any restrictions based on how long you've held it.
We strive for accuracy by using the spot price at the time your silver is received, plus the applicable percentage outlined in the buyback rates table based on your Silver Program membership status at the time of valuation. If our valuation doesn't meet your expectations, please contact us. We are committed to transparency and will gladly review the details of your valuation and how it was calculated according to these guidelines.
We offer buyback rates that are fair and reflective of real-time at near spot prices
Our reputation for integrity ensures a safe and transparent transaction process
Our streamlined system makes selling your silver/gold back quick and hassle-free
We are committed to honest and upfront pricing, with no unexpected charges
Join The Gold Program or The Silver Program and get instant access to our Buyback Guarantee
Log In
