diff --git a/gnucash/gnucash-cli.cpp b/gnucash/gnucash-cli.cpp
index e22479ffa9..d384675a94 100644
--- a/gnucash/gnucash-cli.cpp
+++ b/gnucash/gnucash-cli.cpp
@@ -131,7 +131,7 @@ Gnucash::GnucashCli::start ([[maybe_unused]] int argc, [[maybe_unused]] char **a
     {
         if (*m_quotes_cmd == "info")
         {
-            auto quotes = gnc_get_quotes_instance();
+            GncQuotes quotes;
             if (quotes.cmd_result() == 0)
             {
                 std::cout << bl::format (bl::translate ("Found Finance::Quote version {1}.")) % quotes.version() << "\n";
diff --git a/gnucash/gnucash-commands.cpp b/gnucash/gnucash-commands.cpp
index eb1c7c2e2b..bb9d778dd5 100644
--- a/gnucash/gnucash-commands.cpp
+++ b/gnucash/gnucash-commands.cpp
@@ -82,7 +82,7 @@ scm_add_quotes(void *data, [[maybe_unused]] int argc, [[maybe_unused]] char **ar
     gnc_prefs_init ();
     qof_event_suspend();
 
-    auto quotes = gnc_get_quotes_instance();
+    GncQuotes quotes;
     if (quotes.cmd_result() == 0)
     {
         std::cout << bl::format (bl::translate ("Found Finance::Quote version {1}.")) % quotes.version() << std::endl;
diff --git a/gnucash/gnucash.cpp b/gnucash/gnucash.cpp
index b90e39a37b..544fdeb4cd 100644
--- a/gnucash/gnucash.cpp
+++ b/gnucash/gnucash.cpp
@@ -176,7 +176,7 @@ scm_run_gnucash (void *data, [[maybe_unused]] int argc, [[maybe_unused]] char **
     /* Install Price Quote Sources */
     auto msg = bl::translate ("Checking Finance::Quote...").str(gnc_get_boost_locale());
 
-    auto quotes = gnc_get_quotes_instance();
+    GncQuotes quotes;
     if (quotes.cmd_result() == 0)
     {
         msg = (bl::format (bl::translate("Found Finance::Quote version {1}.")) % quotes.version()).str(gnc_get_boost_locale());
diff --git a/libgnucash/app-utils/gnc-quotes.cpp b/libgnucash/app-utils/gnc-quotes.cpp
index 97b4887ade..0d496aa7c5 100644
--- a/libgnucash/app-utils/gnc-quotes.cpp
+++ b/libgnucash/app-utils/gnc-quotes.cpp
@@ -51,8 +51,6 @@ namespace bp = boost::process;
 namespace bpt = boost::property_tree;
 namespace bio = boost::iostreams;
 
-static GncQuotes quotes_cached;
-static bool quotes_initialized = false;
 
 CommVec
 gnc_quotes_get_quotable_commodities(const gnc_commodity_table * table);
@@ -256,19 +254,3 @@ gnc_quotes_get_quotable_commodities (const gnc_commodity_table * table)
     //LEAVE ("list head %p", &l);
     return l;
 }
-
-const GncQuotes& gnc_get_quotes_instance()
-{
-    // The GncQuotes constructor runs check to test if Finance::Quote is properly installed
-    // However due to a race condition the instantiation of the static quotes_cached
-    // may or may not happen before binreloc has run. If binreloc didn't run, this will
-    // try to run gnc-fq-check from the hard-coded install dir. This will fail in all
-    // cases where binreloc is relevant (Windows, macOS or run from builddir).
-    // To catch this, explicitly reinstantiate quotes_cached at first use.
-    if (!quotes_initialized)
-    {
-        quotes_cached = GncQuotes();
-        quotes_initialized = true;
-    }
-    return quotes_cached;
-}
diff --git a/libgnucash/app-utils/gnc-quotes.hpp b/libgnucash/app-utils/gnc-quotes.hpp
index 8058813a98..504e620432 100644
--- a/libgnucash/app-utils/gnc-quotes.hpp
+++ b/libgnucash/app-utils/gnc-quotes.hpp
@@ -60,6 +60,4 @@ private:
     std::string m_error_msg;
 };
 
-const GncQuotes& gnc_get_quotes_instance (void);
-
 #endif /* GNC_QUOTES_HPP */