The gold rush has begun, and anybody with even a small amount of gold can make a profit. With the recession, it’s no wonder that prices for gold have soared and buyers are willing to pay more. But if you’re wondering where the best place for you to sell your gold is, check out the options below and match your needs, whether it be for maximal profit, immediacy, or minimum shipping cost- to the seller’s offers.

Places To Sell Your Gold

Collectors or Private Individuals

If you find yourself in possession of pristine gold jewelry, antique coins, or pricey family gold heirlooms, then the best way for you to make the most profit out of a sale is to approach collectors and interested parties. This should be your first option when you’re ready to sell gold. The reason behind this is because collectors usually are already knowledgeable about gold appraisal and gold prices, and are appreciative of the history and culture behind a certain gold piece; therefore, most often they are in the best position to offer you the right amount of money for your gold items. This does not mean that you do not do your homework however. A very gullible seller can sometimes be too good a temptation.

Brokers, refineries, and jewelers

If however the gold you have is in less than pristine condition, then your next best bet would be to contract a sale with refineries, jewelers, and brokers. Do not expect to make top-notch price if your jewelry or gold merchandise is broken. This is due to the fact that these refineries or jewelers will either shoulder the cost of repairing your gold piece, reshaping it into some other piece, or in the case of brokers, finding buyers who are willing to do so.

Auctions

Auctions are a good way to make good enough money for your gold merchandise. You have two options: either you sell your gold at a local auction or an online one. Using an auction is usually good if you are a first time seller with a valuable gold piece for this allows you to control how you would want to sell your gold while also attracting buyers who are willing to shell out for your selling price, or even to pay more than your selling price. Keep in mind that though selling gold locally allows you to save on shipping, auctions of any kind still do charge fees.

Coin shops and Gold Selling Parties

Gold selling parties are a new and innovative way to sell your gold. By joining a gold selling party you can simultaneously get your gold appraised, meet sellers, and also meet potential buyers for your gold, while coin shops are the absolute best place to sell gold coins.

Pawnshops and Websites

These should be your last option when selling gold, simply because they may offer the least selling price for your gold and also may involve some risk.

The best thing you can do is to know the options than you would want to prioritize first, after which try contacting your chosen best places to sell your gold to be able to get a general market overview of their buying price, fees, and services. This allows you to calculate the possible net profit you can make as a result of your efforts.

When I first began looking for selling gold tips, there honestly wasn’t much to find, and most of the information I did find covered very little on the topic. And because I don’t believe you should have to go through the same ordeal I did, I want to share with you what I’ve learned about selling gold and how to get the most money for your gold items.

1. Don’t sell gold to pawn shops unless you don‘t have any other options, or you‘ve found that they are actually paying top dollar for your gold. Pawnbrokers often offer the lowest price possible because they have a need to make as much of a profit as they can from your valuables when they resell them. Pawn shops should always be a last resort for selling your gold items.

2. When you need to sell gold jewelry, your local jeweler can be a good option just as long as the piece is in very good condition. If however, your jewelry piece is broken or in need of any type of repairs, most jewelry stores won’t be interested unless they think they can make a really good profit from it. And if they do have an interest in your damaged jewelry, they won’t give you nearly as much as they would for the pieces that are in good condition.

3. If you want to sell gold coins, a coin dealer can give you a good price on your coins if they’re in good shape. But, before you consider selling gold coins for their gold content, find out if their worth more for their collectible value. Some coins can fetch a higher price for their historical pedigree than for their gold content.

4. When it comes to where to sell gold, don’t forget the internet. Using the internet to sell your gold can be just as profitable as the offline world. One of the most popular online buyers for precious metal are refiners. Online refiners generally host a website that gives you the option to enter your personal information in order for you to get a free kit by mail that let’s you send your gold to sell back to them. Before you go with just any online refiner however, make sure you do your research first.

5. The best way to determine whether or not you’re getting a fair deal is by checking the daily market value price for gold. You can do this by typing in the words, “how to sell gold” and find numerous applications and tools for finding and calculating the price of the precious metal.

6. And don’t forget when you’re considering other options for selling gold online, you can make a profit from your items through auction websites like eBay and classified webpages such as Craigslist to individuals looking to add to their collection. (And be very careful about people you meet through Craigslist.)

With the above selling gold tips and a little research, I hope that you find much success and profit in your journey with selling gold for cash.

If you want to sell gold or silver, you may be surprised to learn that even though both metals are at a record level price, a lot of people are still waiting it out as much as they can before they cash in. And with the economy still in shambles, many people believe that the price of both metals will continue to soar as the dollar bill continues to drop.

And with prices going up in mortgage rates, taxes and so forth, many consumers are holding out for the price of the metals to increase as well. Those who sell gold and silver know that its history shows 30 years of increasing value and because both metals are secure verses the dollar bill, it’s seen as the perfect investment by those who are buying and selling gold and it’s counterpart.

As far back as man can remember people have sought out both metals simply because of their scarcity. And while both are certainly rare, more and more of us have sought to sell gold the most. People want it. The world wants it. And someday the precious metal may very well be the only real source of real money for our country, since we’re currently hanging by a very thin thread with paper currency.

We’ve borrowed so much from other countries that we’ve exhausted our sources. We are so far in debt that there’s very little hope that we’ll ever get out. And sooner or later it’s a very real possibility that our paper currency may be worthless.

Yet, if you have gold to sell, your chances of separating yourself from being a part of our country’s debt is very good. Before you make a decision on how to sell gold however, you need to understand just how much the precious metal is worth.

The first thing you need to do is separate your valuables into piles. Place coins in one pile, jewelry in another pile and so forth. And don’t forget that while it’s obvious that you can sell gold coins and gold jewelry, it’s also possible to sell scrap gold. If you’re unsure what should be considered scrap, items that are broken, damaged or in very bad condition will generally fall into this category.

Next you’ll need to decide how much of the precious metal is in each item. And while it’s easy enough to determine this in jewelry by knowing its karat, if you have items that are antique and unmarked, you may need a professional appraiser to help you decide how much your item is worth.

Once you know the karat of each item, you’ll want to use a digital scale to weigh each pile and then note the weight in ounces.

Then you’ll need to look up the spot price of the precious metal the same day you plan to sell your gold or silver. You’ll then need to take the spot price and multiply it by how many ounces of the precious metal you’re selling.

Then you need to decide where to sell your gold. Where you sell it will depend on the items you have. For example if you’re going to sell gold jewelry, you might want to take it to a jeweler, but if you’re selling gold coins, you’d want to take it to a coin dealer. Or if you plan to sell gold or silver scrap, you’ll want to find a buy sell gold and silver online or local dealer to sell it to.

When I wanted to learn how to sell my gold and get a fair price without getting ripped off, it took a great deal of research on how to sell gold before I discovered that very secret. Often times, selling gold can seem like a very confusing challenge, especially if you’re not very familiar with the process.

However, despite how confusing it may seem, one of the easiest ways to sell gold and profit from it, is by learning how the process works. And what it all comes down to is this:

Worth -You need to know what the value of your items are really worth. You have to know how much of the precious metal your item contains. One of the easiest ways to tell is by looking for a stamp or impression on the item. On jewelry pieces the markings can usually be found in the form of 8k, 10k, 14k and 18k. The higher the number, the more pure gold the item contains, and the more you’ll be able to sell your gold jewelry piece for.

Weight – The weight of your item is also a must know, no matter if you’re selling gold coins or trying to sell gold jewelry. Knowing how much your gold item weighs, along with the carat number, will help to determine how much money you will get for your item. One of the best ways to figure out how much your item weighs is by having a jeweler weigh the item for you, or you can do it yourself by purchasing a digital scale.

Quality – Not a lot of people realize that the quality of the piece, especially in jewelry is extremely important to dealers. And while it may seem like a good idea to accept an offer for the precious metal content of the item just by itself, you can actually make more of a profit by selling old gold for its historical value on some pieces. Also a jewelry piece that is handmade may be worth far more than one that is made by a machine because of their quality craftsmanship.

Research – Research is almost always a step many of us tend to forget. We often find ourselves in a hurry to sell gold coins, jewelry or whatever the valuable item may be to the first business we see or are familiar with.

When it comes to the question of where to sell gold, think refiners if you’re selling scrap gold, jewelry stores if you’re selling gold jewelry and private collectors if you want to sell gold for the best price. And if all else fails, don’t forget auction houses, antique dealers, estate houses and brokerage firms who may have an interest in your items.

When it comes to buying and selling gold, people have really taken an interest due to the recent record prices and the downfall of the economy. However, many people often make the mistake of just buying the first jewelry piece or coin they see and never really do their research beforehand. Without research, that coin you thought was going to be worth a lot of money may be worth a lot less than what you paid for it.

And sadly, there are a lot of scammers out in the world, willing to take advantage of someone’s lack of knowledge, so before you invest in that really good deal, stop and question that item’s real worth, and arm yourself with the following guidelines before you make that final decision.

It’s always important that the business you choose to deal with be not only reputable, but an expert in the items they’re offering to sell you.

You as a consumer must know the actual  market cost of gold to sell. Prices for the precious metal fluctuate all day long, so you’ll need to check the price that very same day you’re planning to sell gold. And if you’re planning to buy gold, you should expect to pay a higher premium for pieces that are 1/10th, 1/4th and ½ ounce verses those that are a full ounce.

You’ll also need to understand that when you’re selling gold, there will always be fees or commissions included in the total price. Every business in the buy sell gold industry will get their cut, some higher than others.

Keep in mind that anytime you’re selling gold for cash, there’s always risk. Not every business is reputable and even if you’ve done your research, there’s always that chance that something will go wrong. And when your interest lies in purchasing the precious metal, keep in mind that there’s always a chance that the price to sell your gold later on may drop. The price of gold can go up and down.

And finally, a few terms you may want to remember when you’re learning how to sell gold:

Bullion is a term used to describe an item that is valued by its weight in the precious metal.

Spot price is a term meaning the open market price for a rare metal or commodity.

Troy is the term used to measure the price of the precious metal. A troy ounce is 480 grains or 31.1034768 grams.

With the above knowledge, buying and selling gold can be learned over time, just as long as you have the understanding and do the research that’s required. And with a little patience, you can be well on your way to a profitable business no matter how little or much you have invested in the valuable metal.

If I want to sell my gold, what should I know? It’s a question that many owners of the precious metal often ask. If you’re unfamiliar with how to sell gold, here are a few things you need to keep in mind.

For instance, if you want to sell gold jewelry, it’s not always a good idea to try selling the unwanted pieces as scrap. When you’re selling items for scrap value, the value is based on the metal alone and not the historical value or quality of the jewelry piece. So often times when you have jewelry made from gold to sell, you could wind up losing as much as half of what you’d get if you were to sell it for its retail value.

However, not every jewelry piece will have a good enough retail value, such as a plain wedding band or simple chain necklace, and it would be better off being sold for its scrap value.

But even when you’re armed with this knowledge, you should still have a good idea of what your gold items are worth. You could easily have the items appraised if you know they‘re antique, but if the item isn’t worth as much as the appraisal fee, you could end up losing money.

If you have scrap gold to sell, an appraiser is usually unnecessary since the price is generally based on the melt down value of the item. Based on the current market value of gold, the gold buyer will buy your scrap gold at some percentage of the current market value of gold. (Dealers usually quote their prices in either ounces or grams. A troy ounce has 31.1 grams.)

Once the weight of your scrap gold items is determined, the dealer will then base what he’ll pay you on the going rate also known as spot price for gold and take a portion of the total price for their own profit before giving you a final quote. Generally a fair buyer will take no more than 30% of the total price and some may even take as little as 10%. Anything more than 20 or 30% should have you selling your valuables elsewhere.

One of the best places for selling unwanted gold are jewelry stores since they’ll likely give you up to 80% of the market value if your pieces are in good shape. Pawnshops are often not the best places to sell gold for cash since they don’t always offer a very fair price and are generally only interested in buying very low and selling high.

And finally, always remove jewels and other pieces that aren’t gold if you’re planning to scrap any jewelry. Businesses who buy scrap gold won’t give you any more for your jewelry items than what their metal value is worth, so you might as well make some extra money selling the jewels and non-gold items to another buyer.

Now that we’ve answered the question of, ‘If I want to sell my gold, what should I know,’ remember, to do your homework.

People buy and sell gold for various reasons. Some do it for a living, but not everyone wants to become a professional at it. Still, it doesn’t mean we don’t want to sell gold at all, so how does the average Joe get started?

First and foremost, in order to sell your gold you actually need take into consideration how your buyer deals. Most buyers who deal with the public will give you 10 to 20% below the spot price. They will want to make a profit and will need to resale your items in order to make it.

If you don’t mind selling your gold to a private individual, you may be able to get the spot price or even more if that person has a considerable interest in your gold items. And in most cases you won’t even need to worry about commissioning fees if you take advantage of free resources.

Next, know what you’ve got. Generally gold coins are desired more than gold bars. Most buyers would rather not have to pay a large sum of money for a bar when they can invest in a smaller amount of gold like coins, and will often be willing to pay a little more than their spot price.

Then, consider who you’re selling to. While not every business is going to take your goods and run, if you’re thinking about going online to sell used gold, some individuals and even some legitimate businesses will tell you, it can be a risky business to send your items to a buyer by mail. The same thing applies when you’re buying gold pieces by mail from a business or even individual through popular websites like eBay.

Just make sure that you’re dealing with a reputable business, one that is a member in good standing with the BBB is a good idea. (Just remember that not all legitimate businesses are members of the BBB.)

But even if you choose to stay away from the online world and offer your gold to sell to a local dealer, you still need to use caution when even dealing with businesses face to face. If the dealer offers to purchase your gold pieces for a specific amount of money without seeing them first or even quotes you a price for them, you should find another buyer. If a dealer badmouths other buyers in the area and says he or she is the best, chances are they’re not looking out for your best interest.

If you’re planning to invest in the precious metal yourself, don’t make a deal with anyone before you’ve seen the pieces you have an interested in. Ask the seller if you can bring an appraiser along to be sure the items are real, if he or she seems leery of having a professional look at the items, chances are they may not be real.

And always know what the pieces are worth. Whether it’s coins, bullion, jewelry or even a simple trinket, your investment should be a fair deal and not so ridiculously priced that even Donald Trump wouldn’t touch it.

Whether you choose to buy or sell gold, remember, your investment should always earn you the best price possible both now and in the future.

If you need to sell your gold for cash, there are numerous ways to do so. For example, if you want to sell gold jewelry, you can take it to a jeweler who may be willing to give you as much as 80% of its market value if the piece is in excellent shape.

But if the piece is antique, you may want to think about taking it to an antique dealer instead. Or you could offer it up for auction locally or to an auction site like eBay if you really want a good price for it.

If you want to sell gold coins, a coin dealer is a good option if the value of your coins are worth enough. This was the option my father-in-law chose after he decided to cash in his 36 years worth of coin collection.

If the coins are extremely rare, you might consider offering them to a private collector who may be willing to pay their full worth. Or you can put them up for auction or see if an antique dealer would be interested in them if they’re old.

If you have broken pieces of gold jewelry or other items that can be melted down, you can sell broken gold as scrap and make a decent profit through a refiner either online or offline. If you choose to go with an online refiner, just beware that not every website you see claiming to buy gold is going to be legitimate. There are plenty of scammers willing to steal your valuables, so if the site looks fishy, chances are it’s probably a scam.

A good reference for an online gold buyer would be if they’re listed with the BBB. The same goes for offline refiners that advertise on television or in magazines. So always know the risks and protect yourself before you deal with these types of businesses.

Generally, when people want to sell gold for cash, local businesses are the best way to go. And if you think you’ve run out of options, the yellow pages in your local telephone directory is always a great place to start.

If you have coins, jewelry or pieces that may be of interest to individual collectors, flea markets and consignment shops are a great place when you have gold to sell. Just remember, both of these options will mostly likely have a commission fee you’ll need to pay, so you will want to include those fees into the price of your gold item. And try to find a shop that deals specifically in what you’re selling.

And keep in mind, no matter who you decide to make a deal with, before you do, go online and check the going rate for gold the day of your transaction. That way you’ll know whether or not the business is making a legitimate offer for your items.

Finally, don’t sell your gold items to any business that offers you cash without seeing the pieces first. Any business that is legitimate will always want to see what you have for sale so that they can examine it to know what it’s worth.

When all else fails, gold is always worth money. It’s worth more than diamonds or silver. Selling gold for cash is one way people have made money for years. And when times get hard, most people start thinking of things they can sell. Since most people have gold jewelry sitting around, that’s one of the first things they think about selling.

Unfortunately, selling unwanted gold is can be more difficult than you’d expect. There’s always someone wanting to take advantage of the situation. They’ll take advantage of your need to make a quick buck. Avoid falling for scams. Thoroughly research any company you want to deal with.

Be wary of companies that offer to buy gold through the mail. Sure, mailing in your gold and waiting for a check is easy. It’s almost too easy. You can’t believe everything you see in an online advertisement or in a television advertisement. If you do want to deal with one of these companies, research them first. Make sure they’re a legitimate gold buying business.

Another potential problem with selling gold through the mail is the waiting period. You have to send your gold, and wait for the company to verify that it’s real. After they verify your gold, they’ll send you a check for the amount they’re willing to pay. Do you have time to wait? And what happens if you don’t want to accept their offer? They will return your gold, but who knows how long that will take.

Perhaps you’ll be better off dealing with a local gold buyer in your area. A search in the phone book should reveal some local dealers who buy gold. Dealing with a local person would also put you more at ease. But don’t assume they’re legit just because they’re local. Research them just as you would any other business.

It should be relatively easy to get a response from a local dealer. Just give them a call and ask if they’ll look at what you have. Make an appointment for them to appraise your gold. This may or may not cost you anything. If you only have one or two items, the appraiser might do it for free.

There’s a chance your gold jewelry is not worth that much. Unless it’s an antique or a rare object, it probably won’t get you a lot of money. It would also have to be in good condition. You might just have to try selling scrap gold to get anything for it.

On the other hand, gold coins have the potential to bring in a lot of money. Coins are normally valued higher than gold jewelry. A rare coin can bring in hundreds of thousands of dollars.

When you’re selling your gold for cash, don’t feel like you have to accept the first offer you receive. It’s in your best interest to shop around. Some dealers will try to make it sound like you absolutely have to buy from them. They’ll try to convince you that you won’t find a better deal anywhere. Ignore them, and move on to another offer.

Your dwindling bank account may have you thinking about selling gold jewelry. The high value of gold tempts many people to sell scrap gold. That old ring in the jewelry box starts looking like a million bucks. You can rest assured that the old ring in your jewelry box is not worth a million bucks. So don’t assume you’ll get rich by selling scrap gold.

You have to decide if you want to sell your gold jewelry as jewelry or scrap gold. Selling jewelry for its weight in gold probably won’t get you a lot of money. Consider the price you paid for the piece. A $500 ring might bring in $100 or less as scrap gold.

This is because the ring will be valued based only on its gold content. The craftsmanship or antique value of the ring is unimportant. The ring could have a diamond in it, but it doesn’t matter.

When you realize the small amount of money you’ll get, you might decide selling your gold item is not a good idea. If you ring has a high resale value as a piece of jewelry, sell it that way. It’s possible that you can get more by selling the ring than by selling it for scrap gold. This is certainly true if the ring is an antique.

You should also keep in mind that some jewelry has absolutely no resale value. Class rings, plain wedding bands and rings that are in bad shape are difficult to sell. Those items are probably best used for a scrap gold sale.

You’ll probably want to get your jewelry appraised first. Search online and in your local phone books for appraisers. Most of them charge a fee for their services, so be prepared to part with some money. 

Find an appraiser you can afford and make an appointment. When you go to the appointment, make sure to take all the gold you want to sell.

The following items can be sold if they are made from real gold:

- Bracelets
- Rings
- Earrings
- Necklaces
- Cufflinks
- Charms
- Miscellaneous Knickknacks

If you don’t want to visit an appraiser, ask a jeweler for help. They can weigh your gold and give you a value based on its weight. However, that’s not the actual amount you’ll get for scraping the gold item.

Whoever buys your gold will take at least 10 percent or more off its true value. This is so they can resell the piece and make a profit.

When you’re selling gold jewelry, a collector is the only person who might pay the actual value of your jewelry. However, you’d have to have a rare or valuable piece to attract a collector’s attention. You should try to find a local buyer before looking outside of your city.

If you can’t find a local buyer, carefully research nonlocal buyers before doing business with them. There are people who will scam you out of your gold. Taking time to perform research will pay off in the end.