Selling Your Precious Metals

Would you like to sell gold and silver bullion to Texas Precious Metals? The process is simple!

The Selling Process

Call us Monday through Thursday between 8 a.m. and 6 p.m. CST or Friday between 8 a.m. and 4 p.m. CST to lock in your sell price (major credit card required). You will need to ship your bullion to us within 24 hours of “lock in.” Customers have the option of selecting their own shipping and insurance provider. However, we offer door-to-door pickup and delivery via FedEx for your convenience. For this service, customers pay only the cost of the label. If you would like us to arrange shipping (sales of $1,000 or more), we will e-mail you a shipping label for overnight shipment, and we will schedule a pickup for the following day.

We also repurchase products we do not sell.

1099-B IRS Reporting Requirements

We are often asked whether or not bullion transactions at Texas Precious Metals are “private”. The privacy of our customers is one of our utmost concerns. When you buy from us, there are no reporting requirements of any kind – no matter the quantity, the metal type, or the product.

However, when it comes time to sell your products, the government does require bullion dealers to file certain reports where applicable. The IRS report is the 1099-B form, and it applies ONLY to the following transactions:

*These requirements were updated by the IRS in 2025.

REPORTABLE ITEMS	REPORTABLE BAR SIZES	MINIMUM FINENESS	MINIMUM REPORTABLE AMOUNT
GOLD BARS	100 troy oz. & 1 kilo	.995	One 100 troy oz. bar or 3 kilo bars
SILVER BARS	1,000 oz.	.999	5 bars (5,000 troy oz.)
PLATINUM BARS	10 troy oz. or greater	.9995	50 troy oz.
PALLADIUM BARS	10 troy oz. or greater	.9995	100 troy oz.

You might wonder why sales of these specific objects are reportable. These reporting requirements are related to the regulations that require brokers to report all proceeds from stack and commodity transactions. These specific objects are currently traded (or used to be traded) on commodity exchanges.

Form 1099-B reporting requirements do not apply to any other coins. They do not apply at all to American Gold Eagles, American Buffalo, Austrian, Australian (Perth Mint Coins), Chinese or any fractional bullion gold coins. And they apply only if you sell at least the minimum quantity that is equal to the quantity of a commodity contract for the object.

Packing Instructions

Please take the following steps when preparing your shipment to us:

All packages must be fully prepared and sealed prior to being shipped. A representative of Fedex or UPS should not view or handle the contents of your package, as this creates additional risk.
ALL SHIPMENTS MUST BE DOUBLE BOXED.
- No manufacturer boxing is permitted. The shipment must consist of a corrugated inner box placed inside a separate corrugated outer box.
- A sealed Monster Box may NOT be used as an inner box, it must be placed
  inside two corrugated boxes.
- Double boxing adds a critical layer of protection in the event the outer box is
  damaged during transit.
Remove all references to gold or silver bullion from the exterior of the package. This includes business names (if applicable) and product descriptions.
If reusing a box (strongly not recommended), remove all old labels, especially anything referencing bullion, hazardous materials, or prior shipments. Do not simply place the new label over an existing label. This increases the chances of the label coming off of the package and increases the likelihood of a loss.
Secure all coin tubes by placing a packing peanut or similar material inside each tube to prevent movement or rattling and tape all tube lids shut.
Pack items tightly using solid materials such as foam, newspaper, or bubble wrap. Do not use packing peanuts as the primary packing material, as they can compress and allow items to shift.
Per coverage guidelines, tape one copy of the shipping label to the inner box before placing it into the outer box.
Seal all box seams with heavy-duty strapping tape. Seams are the most common failure point during transit.
Use high-quality tape containing nylon fibers or equivalent reinforcement.
For packages over 30 lbs, reinforce the entire exterior of the box with heavy-duty strapping tape or brown tape.
Place a second copy of the shipping label on the exterior of the outer box.
Cover the exterior shipping label with clear tape to prevent damage or smearing, which can result in delays or loss.
Packages must be prepared either by you personally or by a trusted individual. Please ensure all packaging is completed before shipment.
Include a voided check with your package. We will use the routing and account number on the check to issue payment via electronic ACH transfer after your items have ben tested, inspected, and validated by our vault team.

If you choose to drop your package off at FedEx, please ensure that you drop off at a approved Fedex location staffed by FedEx employees and not a dropbox. Your shipping insurance may be invalidated if you do drop off at a dropbox.

Find Your Nearest FedEx Location:

Visit Fedex.com

Click "Locations"

Select "Find a Location"

Enter your address for nearby stores/facilities

Should you have any questions, please contact our logistics team at 361-594-3624, option 4, for assistance.