Do you buy scrap gold and silver?

Yes, we buy coins, jewelry, bullion, and scrap metals at competitive rates.

Do you offer private consultations?

Yes, we offer one-on-one appointments in person or by phone. Just call to schedule.

FAQ – Buy & Sell Gold & Silver in Inverness, FL | Citrus County Gold & Silver

Gold & Silver FAQ

Answers to common questions about buying and selling gold and silver coins in Citrus County. Learn about delivery, pricing, tax rules, and more from Citrus County Gold & Silver

Frequently Asked Questions
By Citrus County Gold & Silver – Inverness, FL
💬 Why should I invest in gold or silver?
Gold and silver are real, tangible assets that protect against inflation, currency debasement, and economic instability. They’re liquid, private, and free of counterparty risk.
📉 When is the best time to buy?
The best time to buy was yesterday. The next best time is today. Precious metals remain in a long-term bull market.
💰 What’s the best way to buy gold and silver?
Choose low-premium bullion products such as: 90% U.S. silver coins 1 oz rounds or 10 oz bars Fractional gold coins Avoid rare or collectible coins unless you’re experienced.
🏆 What is the most reputable place to buy gold in Citrus County & Inverness, FL?
The most reputable dealer is one with verified reviews, transparent live pricing, and direct wholesale access — not a pawn shop or online retailer charging retail markups.
Citrus County Gold & Silver is Inverness FL's #1 rated precious metals dealer with a perfect 5.0 score across 34 verified Google reviews — the highest of any dealer in Citrus County. As a direct wholesaler we beat APMEX, JM Bullion, and SD Bullion by 20–30% or more. We show you the live spot price, explain your quote in real time, and let you decide — no pressure, no hidden fees.
💰 What silver coins do you currently have in stock?
We typically carry American Silver Eagles, Silver Maples, Krugs, Britannia, 90% pre-1964 US coinage, Morgan & Peace Dollars, Buffalo 1oz rounds, and 10oz, 100 oz silver bars. Gold inventory includes Gold Eagles, Gold Maples, fractional gold coins, and pre-1933 US gold and MORE! Inventory moves fast — call or text 786-208-6321 for today's availability and live pricing. We can also source specific coins on request through the largest wholesale network in Florida.
📊 How do your prices compare to APMEX, JM Bullion, or SD Bullion?
We beat them — consistently, and by a wide margin. APMEX, JM Bullion, and SD Bullion are retail operations with heavy overhead. We're a direct wholesaler, meaning we source from the same suppliers they do and skip the retail markup entirely. Most buyers save 20–30% even 50% -or more- on premiums compared to any major online retailer.
That's real money back in your pocket. Call us with a specific coin and quantity and we'll quote you live.
We're confident you won't find a better price locally or online.
🚚 Can you ship silver and gold coins to me if I'm not local?
Yes — we ship nationwide. All shipments are fully insured, tracked, and require signature upon delivery via USPS Priority or UPS Overnight for gold orders. Shipping costs are extremely reasonable and often free depending on order size. We have clients across Florida and nationally who buy from us regularly because our wholesale pricing more than offsets any shipping cost. Call 786-208-6321 to place an order or get a shipping quote.
💼 Do you offer wholesale pricing?
Yes! Save 20–30% or more on premiums compared to big online retailers.
We’re wholesalers — not just a coin shop. That's why we have the lowest premiums around!
📦 Can I take physical delivery?
Absolutely. If you don’t hold it, you don’t own it. We always recommend physical delivery.
🧠 Do you offer investment guidance?
Yes. We have personalized -step by step- portfolio strategies, just ask us what best fit your case!
🏦 Can I roll over my 401(k) or traditional IRA into a Precious Metals IRA?
Yes — you can do a tax-free direct rollover from your 401(k), traditional IRA, or old employer plan into a self-directed Precious Metals IRA. This lets you hold real physical gold and silver coins/bars (IRS-approved) inside your retirement account with no taxes or penalties if done correctly.Many retirees in The Villages, Citrus County, and Hernando County are choosing this option for inflation protection and diversification away from stocks and bonds.
➡️What do I need to know about Precious Metals IRAs and storage?
A Precious Metals IRA allows you to own tangible gold, silver, platinum, or palladium that meets IRS purity standards — not just paper investments. Important rule: the metals must be stored in an approved third-party depository (you cannot keep them at home).This setup provides real diversification and a hedge against inflation while staying tax-advantaged. The process is straightforward, and I help my local clients select the right coins and bars (like American Eagles or Maples) that fit their goals.
🚫 What should I avoid buying?
Avoid: Rare coins, notes, and numismatics unless you’re an expert Coins from pawn shops or jewelry stores Raw or ungraded coins
💵 Does the IRS know if you buy gold? Will my purchase be reported?
In most cases, no. Most purchases are NOT reported at the time of sale.
Buying: Cash purchases over $10,000 trigger a currency report — but only the cash transaction is reported, not the metals. Purchases by check, wire, or card are never reported regardless of amount.
Selling: Only specific large transactions trigger reporting — 25+ oz Gold Maples or Krugerrands, 1,000+ oz silver bars, or $5,000+ face value of 90% US silver coinage. Smaller transactions are not reported.
Note: You are still responsible for reporting capital gains on your tax return when selling at a profit. We guide every client through the process with full transparency.
📍 Where are you located?
Based in Inverness, FL 34451. We offer fully insured shipping with tracking and signature required for all our shipping. We have clients nationally!
✍️Do you serve customers from The Villages?
Yes. Citrus County Gold & Silver regularly works with clients from The Villages, Inverness, and surrounding Citrus County and Hernando communities. Several of our recent 5-star reviews come directly from customers in The Villages.
🔑Do I need to visit in person?
Not always. Many of our clients — including several from The Villages — complete transactions by phone with secure payment and fast shipping. In-person estimates are always available for larger collections.
🧠 Is it better to work with a local dealer during volatile markets?
Yes. During periods of price volatility, working with a trusted local dealer allows for real-time pricing, transparency, and immediate settlement, which many online platforms cannot offer.
🕒 What are your business hours?
Monday to Friday, 9:30 AM to 5:00 PM. Saturday 9:30 AM to 4 PM. By appointment— call to schedule.
💵 Will my purchase or sale be reported?
Most sales or purchases are NOT reported. I will guide you in all the steps from buying to selling when you are ready to lock profits! Even cash purchases over $10,000 only report the cash, not the metal. Smaller transactions? No reporting required.
💬 Do you buy broken or scrap gold jewelry?
Yes! Even if it’s broken chains, mismatched earrings, or dental gold — it still has value. We pay based on pure gold content, not appearance.
💬 How much is 10K, 14K & 18 K gold worth per gram in Inverness, FL?
The value changes daily based on the gold spot live price. Call us for a free appraisal — we pay top dollar for gold jewelry, coins, and scrap. We show you the live spot price and calculate your payout per gram on the spot. Most pawn shops pay 70–80% of melt value. We consistently PAY A LOT more.
💍 How does jewelry refining work — and why do we pay more than pawn shops?
Most pawn shops send your jewelry to a middleman refiner — which is why they can offer as low as 50–60% of melt value. At CCGS we work directly with refiners, cutting out that middleman entirely. We test and weigh your items on the spot, show you the live price in real time, and calculate your payout by karat (10K = 41.7% gold, 14K = 58.3%, 18K = 75%). No guessing, no pressure — you leave with cash.
Broken chains, gold, estate jewelry, platinum — all welcome. We come to you for larger lots.
💬 Do you offer free gold & silver appraisals in Inverness?
Yes, we provide free, no-obligation appraisals for coins, bullion, and jewelry. Many clients drive from Crystal River, Homosassa, and The Villages because they know we’re honest and transparent.
💬 Rare Coins vs. Bullion: What’s the difference, and which is better for me?
Rare coins (numismatics) are valued mainly for their rarity, history, and collector demand. Prices can be unpredictable, and premiums are often much higher than the actual gold or silver content. They are better suited for experienced collectors — not for investors. Bullion coins and bars, on the other hand, are priced closer to the live spot market and are the best choice for building wealth and protecting purchasing power. If your goal is long-term savings, inflation protection, or easy resale, bullion (like American Gold Eagles, Silver Maples, and 90% U.S. coinage) is the way to go. 👉
💬 What’s the best place to buy gold & silver in Citrus County & vicinity?
The best place to buy precious metals is from a trusted local wholesaler. Buying from online retailers often means paying 20–30% higher premiums. Pawn shops and jewelry stores usually don’t carry investment-grade bullion at fair prices. Citrus County Gold & Silver is your local direct wholesaler — that means lower costs, live pricing, and real in-person service. We carry popular bullion coins and bars like Gold Eagles, Gold Maples, Silver Eagles, and Silver Maples plus all rare coins and numismatics products.
💬Do you serve customers in Spring Hill and Hernando County?
Absolutely. Even though our main activity is in Inverness, we work with clients from Spring Hill, Brooksville, and all across Hernando County every week. Most choose us because we offer same-day or 24–48 hour payouts — not the long two-week waits you find elsewhere.
💬Why do many Hernando County residents come to Citrus County Gold & Silver instead of selling locally?
Simple: We are the only wholesalers in central FL: we pay more and faster.
Many customers tell us other shops or mail-in buyers take up to two weeks and pay less. At CCGS, we use direct wholesale pricing & handle all transactions locally, so you get your payment within 1–2 business days.
💬What types of items do you buy from Spring Hill & Hernando County customers?
We purchase: Gold and silver coins (U.S. & foreign) Bullion bars and rounds Jewelry (scrap or fine) Platinum and palladium Sterling silver and collectibles No collection is too small or too large — we serve individual sellers, investors, and estates.
👉 Buy direct, avoid middlemen, and save more. Call today!

📞 Still have questions?
Call or text us at (786) 208-6321
www.CitrusCountyGoldAndSilver.com
Email: citruscountygoldandsilver@gmail.com
Proudly serving Citrus County, Inverness, Lecanto, Crystal River, Homosassa, Spring Hill, Hernando County & The Villages See the latest tips on our blog
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