Gold Selling Private Parties are the perfect way to sell gold if you know of a friend hosting one or you’re willing to host one yourself. Not to mention that because they’re not really open to the public, you can pick or choose who you want to extend an invitation to, should you decide to host one.

However, before you send out those invites or accept one, there are a few things you need to keep in mind to assure the party you host or plan to attend is a success.

First of all, you should keep in mind that when you’re selling gold using this method, you will usually only get up to half of the market value that your piece is worth. So while you’re probably going to get more than you would from a pawnshop through gold selling parties, you may get less than you would from a local refiner or jewelry store.

You should also keep in mind that when you’re trying to sell gold jewelry at an event like this, don’t sell a family heirloom, anything worth more than the gold content itself, and don’t leave valuable gems or stones in the piece. What you can do is sell gold scrap, which would include pieces like broken jewelry and anything that isn’t worth much in face value.

However, if you’re thinking about  selling gold coins, by all means, go for it if you know their value is worth far less than the precious metal they’re made from. And if you’re just not sure of their worth, you can take them to a coin dealer or collector who can tell you whether it’s worth trying to sell gold coins at the party or not.

Also, if you’re unfamiliar with how to sell gold in the first place, you may want to consider having an antique appraiser take a look at your pieces before you part with them at a party. Just because your item is made from the precious metal, doesn’t mean it’s worth more than the face value of it.

And if you’re unsure of  where to sell gold at if your piece is worth more than its gold content, start by talking to the person you had your piece appraised with. Chances are if it’s old, they may have an interest in buying the piece or at the very least, know of someone who would be interested.

But, the good news is, if you’re willing to be a host, you don’t have to really worry about selling your gold unless you really want to. And of course you can still make money by commission just from your friends and family who sell what they have. Keep in mind though, that you may need to pay out of pocket expenses for a party kit or appraiser in order to get started. You may also need to pay for any appetizers and drinks that will be served at the party.

And finally, always know what the actual market price is before you attend or host any gold selling private parties. Appraisers aren’t perfect and not all of them are willing to pay top dollar for yours or your friends valuables.

Gold selling parties are a great way for stay-at-home moms to earn an extra income during these hard times. And while it may not give you a steady income, just like an Avon event or Tupperware party, it can provide you with a little extra cash when you need it the most.

Hosting a gold selling party is pretty simple, although there are a few things you will want to keep in mind should you decide to throw one.

First and foremost, if you’re not fond of having strangers in your home or you just don’t have a lot of room, you may want to host the event somewhere away from your home if it’s possible.

But, keep in mind that you could be paying a lot of out of pocket expense if you need to rent a place, which may not be worth if you don’t make enough of a profit from selling your gold.

Second, if you have children, you’ll want to find a babysitter for the party. While hosting a gold selling party can be enjoyable, it should always be treated like a business and not a place where little ones are running around needing your constant attention and care.

Third, you don’t have to sell gold of your own just to host a party. You can probably gather enough friends and family to sell their own old or broken gold jewelry unless you happen to live in a small community where it may be a little difficult to find enough people who are willing to part with their old gold for some cash.

So if you’re still game for hosting a gold party, you’ll want to contact a company who provides services and kits for these types of events.

Just be sure the kit you order contains a weight scale since it will be vital for determining the weight of your gold pieces. And depending on the kit you order, you can even get a guideline for hosting your party.

Or if you don’t want to host a party entirely, you can look for a company who offers full services, so all that you have to do is provide your guests with an invitation, and serve food and drinks.

If you do decide to hire a full service company, an appraiser will most likely be provided instead of a kit. The appraiser will weigh any items offered by the guests that contain the precious metal and then purchase them right there on the spot.

This is usually a better option for stay-at-home moms who don’t want to spend a lot of out of pocket expenses for hosting a party.

Remember, gold selling parties should be fun, but they should also be a little serious. You do want your guests to enjoy themselves, but you want them to get the best possible price for their gold items so they’ll keep you in mind for your next event!

And don’t forget, you don’t have to just play host at one. Why not attend a party yourself and leave the details to someone else.

If you’ve ever considered selling unwanted gold for cash, you’re certainly not alone. But, what if you don’t actually have any to sell? Many of us would love to profit from the recent rise in the price of gold, but often don’t because we think the only ones who can are people who already own the some. However, that may just not true.

There’s no reason your average Joe or housewife who’s never owned valuable gold or gold jewelry can’t make some extra cash like everyone else. As a matter of fact, there’s really no reason not to, if you need to make some extra money.

Look for other people who are willing to host a gold selling party in their home. If they’re leery, you can always get the ball rolling by offering to host it in your own home. When you host a party you generally have two options.

If you’re not playing the host, you’ll want to buy or borrow a weight scale and gold testing kit that can test the authenticity of the gold being offered for sale. Keep in mind that you’ll need a source to sell your gold purchases to at a profit for yourself.

If you’re willing to host the party yourself, you can save some money by hosting a party on a commission for companies wanting to buy gold. You won’t make nearly as much money as if you do it yourself, but you won’t have to worry about weighing, testing or appraising the goods since these companies do this for you.

If you have some money you want to invest, you could place an ad in your local newspaper offering to buy the gold and or gold coins. Before you make a deal however, you’ll want to test and weight the items in question to make sure they’re really as valuable as you think.

If you’re not in a hurry to make your money, you might try searching for the valuable metal using a metal detector. There are some downfalls to this method, however. Depending on the areas you search you may find very little if any at all and the areas you are able to search may be limited. On a positive note, you could find other valuables.

No matter which method is right for you, selling unwanted gold for cash is simpler than most people think. With determination and an open mind, the possibilities and bucks are unlimited.

Isn’t it great how you can sell gold for some quick cash at the moment? If you’re like me I bet you’re wondering if it’s worth trying to buy it as well. If you’re willing to take some risk it probably is worth it. So where do you go from here?

If you have a way of testing the precious metal or know someone who does, you could consider a gold selling home party. Home parties are the latest craze, especially for those who are looking to get rid of their old jewelry and make a little money.

However, it can also be a wonderful experience for those who are looking to buy and make money as well. You should be aware however that unless you find jewelry for a steal, there’s really no decent profit to be made since the resale value isn’t that great.

Check your local newspaper for those who are looking to get rid of coins and jewelry. If you don’t mind spending a little to make some money, you could also place an ad in the newspaper looking for coins or jewelry.

Online auctions are another great way to find some really good deals on precious metals. When you’re looking for sellers, be sure they have a really positive record since you’re dealing with online purchases and there’s no guarantee of the authenticity of the item.

Yard sales and estate sales can be an easy way to find jewelry and coins. These are often the best places to buy precious metals since most people don’t want the hassle of keeping leftovers from the sale and will bargain easily.

Selling jewelry and coins is sometimes a little easier than buying. You can take your jewelry to home parties even if it’s broken or scrap. You can also take jewelry to a jewelry store that will probably give you the best price for your items.

The best place to take coins are generally coin dealers. Shop around before just choosing any dealer, however. Sometimes you can get a better deal when you’re trying to sell gold by heading out of town. If definitely never hurts to try and you just mind end up with a nice price.

More and more online websites are offering gold selling kits and information on how to have a gold selling party. Of course one might think that men are the ones that are in charge of this money making venture, yet it’s the ladies who are really taking advantage of this opportunity. And why not?

For years women have been hosting various home parties and selling household goods, makeup and personal enhancement products to help make ends meet without having to leave their babies in the hands of a stranger. So it’s really no surprise that they would want to sell their unwanted gold jewelry, coins or bullion for the very same reason.

If a host wishes to do all of the work, the first step would be to contact a company who provides services and kits for these types of parties. They should make sure that the kits include a weight scale and a test kit, which can determine if the gold jewelry is real and what carat it is – 10K , 14K, 18K. Sometimes a kit may even come with directions for hosting the parties.

If a little less work sounds more appealing there are some companies who offer full services and leave very little work for the host. In general guests would be supplied with an invitation to the home or other place of destination and the host may serve appetizers and/or drinks.

When a full service company is hired, an appraiser is often provided instead of a kit. The appraiser would then weigh and purchase the jewelry, coins or bullion brought by guests. Usually there are no extra fees for this type of service, making it an easier choice for many women and the host still profits by receiving a certain percentage of the total sales.

A few things to remember:

Unless you want a lot of strangers in your home, it’s probably better to play hostess in a rented location or keep the invitation list strictly with people you know and trust.

Remind friends that if the items they’re willing to sell have any sentimental value, it’s probably better to leave them at home. Otherwise they may later regret their decision to sell those items.

Having a gold selling party should be fun and relaxing, but you should also keep things professional. And remember; never force anyone to sell anything they don’t want to unless you want to lose a few friends in the end.