Selling Gold in Australia
The Perth Mint buys bullion from recognised mints and gold jewellery of any purity (in person, with a legible hallmark), paying only into an Australian bank account. Second-hand dealers and pawnbrokers are licensed by the states and must check ID; in NSW they hold goods for 14 days. Since 1 July 2026, dealers that accept cash of $10,000 or more must enrol with AUSTRAC and check customers; many jewellers simply stopped taking large cash payments.
Facts checked 26 October 2026
What to know
- Perth Mint: buys bars, coins and medallions from recognised mints, nuggets and gold jewellery of any purity; bullion in person or remotely, jewellery only in person, and not without a legible hallmark. It needs an account opened in store and photo ID (plus proof of address), pays only into an Australian bank account, and publishes indicative jewellery prices (on 26 October 2026: A$129.85/g for 22K, A$106.32/g for 18K, A$53.16/g for 9K), finalised in store with deductions for stones.
- Second-hand dealers and pawnbrokers: licensed by the states. In NSW they check ID, take a signed ownership statement, hold regulated goods for 14 days and send records to police; police can order longer holds.
- AUSTRAC: from 1 July 2026, buying or selling precious metals for cash or virtual assets of $10,000 or more (including linked transactions) is a regulated service; dealers that offer it must enrol with AUSTRAC and do customer due diligence. Card or bank-transfer payments don't trigger it.
- Tax: capital gains tax, with a 50% discount after 12 months: see tax on selling gold in Australia.
Before you sell
- Check the melt value with the gold sell-back calculator (choose AUD).
- Compare the Perth Mint's indicative price with two or three dealers.
- Bring photo ID and proof of address; expect payment by bank transfer.
Selling Gold in Australia: FAQ
Does the Perth Mint buy gold jewellery?
Yes, gold jewellery of any purity, in person at its shop, if it has a legible hallmark. It publishes indicative prices per gram by karat, finalised in store, and pays into an Australian bank account.
Can I sell gold for cash in Australia?
Some dealers pay cash, but since 1 July 2026 dealers that accept or pay $10,000 or more in cash must be enrolled with AUSTRAC and check customers, so many pay by bank transfer instead. The Perth Mint doesn't pay cash.
Sources (5)
General information, checked October 2026. Rules, limits and terms change; check with the provider, insurer or authority before you rely on them. Not financial, legal or tax advice.