Have you purchased platinum through GoldRepublic? Then you can sell it back to us safely and easily at any time.
There may be various reasons why you want to sell your platinum. Perhaps you want to take profit after an increase in the platinum price. Or you expect the platinum price to fall in the short term and want to temporarily free up liquidity. It may also be that you want to adjust the composition of your portfolio and, for example, switch partially to gold or silver.
Whatever your reason, at GoldRepublic you always benefit from a buy-back guarantee on the platinum you have purchased through us.
At GoldRepublic, selling platinum is easy and completely transparent. Thanks to our buyback guarantee, you can always sell the platinum you purchased from us back to us at the price offered at that moment, based on the current platinum price.
Step 01
Log in to your GoldRepublic account.
Step 02
Select the amount of gold you want to sell.
Step 03
Confirm the sale at the current price.
Step 04
After the transaction, you can deposit the amount into your account.
When you sell platinum through GoldRepublic, you can choose from different types of sell orders:
Are you selling your platinum back to GoldRepublic? Then you will receive the current platinum bid price, which is slightly lower than the market price.
You pay a 1% transaction fee on the sale of your platinum. This amount is automatically deducted, after which the remaining amount is credited to your GoldRepublic account. You can reinvest this in other precious metals or have it paid out directly to your bank account.
The selling price of platinum continuously follows the international platinum market. This fluctuates with supply and demand, which are strongly influenced by industrial and economic developments. At GoldRepublic, we always use completely transparent pricing, so that you receive a fair and current price.
As with gold and silver, there is a difference between the purchase price and the selling price of platinum; this is known as the spread. This is caused by:
As a result, you receive slightly less than the current price when you sell, and you pay slightly more when you buy.
Have you purchased gold and/or silver through GoldRepublic in addition to gold? The buyback guarantee also applies to the sale of gold and sale of silver, provided that you purchased these precious metals through GoldRepublic.
The difference between buy and sell price is called the spread. It represents the dealer’s margin and transaction costs applied to the market price.
No, sales tax generally does not apply when selling platinum. However, capital gains tax may apply to any profit.
The best price to sell platinum is typically when industrial demand is strong and market prices are high.
Many platforms only buy back platinum that was purchased and stored through them. Otherwise, you may need to sell through a separate dealer.
You can safely sell platinum through reputable dealers or platforms that offer transparent pricing and secure transactions.
The selling price is determined by global demand, supply constraints, dealer margins, and transaction fees.
Whether to sell now depends on your goals and market outlook. Supply shortages may support prices, but timing the market is difficult.
After selling, funds are typically credited quickly and transferred to your bank account within a few business days, depending on your provider and bank.
Yes, most providers allow you to sell small quantities, sometimes as little as 1 gram, though fees may still apply.
Open an account for free and discover how easy it is to trade physical bullion with GoldRepublic
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